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TGT

Target Corp (NYSE:TGT) has experienced a Golden Cross, a bullish technical indicator, as its 50-day SMA crossed over its 200-day SMA. The company, known for its dividend history and growth, has received positive analyst ratings from Morgan Stanley and Wells Fargo, with price targets raised to $165 and $155 respectively. Despite financial concerns, Target's long-term growth potential is supported by its dividend history, reasonable forward P/E ratio, and strategic initiatives.

Portfolio Pulse from Surbhi Jain

January 19, 2024 | 5:05 pm

AMD

TSM

AMD stock reached a new all-time high, trading up 2.2% to $166.16 after Raymond James maintained a Strong Buy and increased its price target from $140 to $190. The rise in AMD shares is partly due to strong Q4 financial results from Taiwan Semiconductor Mfg. Co. Ltd. (TSMC), which reported higher than expected revenue and EPS, and also due to Supermicro's announcement of exceeding its Q2 financial guidance. TSMC's revenue was $19.62 billion with an EPS of $1.44, both surpassing consensus estimates.

Portfolio Pulse from Henry Khederian

January 19, 2024 | 5:04 pm

FAST

Stifel analyst Michael Hoffman has reaffirmed a Buy rating on Fastenal (NASDAQ:FAST) and increased the price target from $69 to $75, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:04 pm

AMZN

On CNBC, Stephanie Link announced that she has increased her investment in Amazon.com (AMZN).

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:03 pm

META

On CNBC, Stephanie Link announced that she has sold her position in Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:02 pm

AZTR

CISS

IRBT

KAMN

PCSA

TCN

U.S. stocks traded higher, with the Dow Jones gaining 150 points. Consumer sentiment surged to 78.8 in January, the highest since July 2021. Kaman Corporation (KAMN) soared 101% after an acquisition announcement by Arcline. Processa Pharmaceuticals (PCSA) surged 20% on expanding its program into breast cancer treatment. Tricon Residential (TCN) gained 28% after an acquisition agreement with Blackstone. C3is (CISS) plummeted 64% due to a public offering pricing. Azitra (AZTR) fell 29% after a public stock offering. iRobot (IRBT) dropped 28% amid reports the EU may block Amazon's acquisition.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 5:01 pm

SMCI

Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading higher after the company announced it expects to exceed its prior Q2 financial guidance. The updated guidance estimates Q2 net sales between $3.6 billion and $3.65 billion, up from the previous $2.7 billion to $2.9 billion. Non-GAAP diluted net income per share is also expected to rise to $5.40-$5.55, from the earlier $4.40-$4.88. The company attributes this to strong market demand for its solutions. Barclays and Wedbush analysts have updated their price targets and ratings for SMCI. The Q2 financial results will be released on Jan. 29.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 5:00 pm

SHOP

Over the past 5 years, Shopify (NYSE:SHOP) has delivered an average annual return of 37.59%, outperforming the market by 24.87% on an annualized basis. A $1000 investment in SHOP 5 years ago would be worth $4,930.89 today. Shopify's market capitalization currently stands at $98.96 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

KEY

Wedbush has maintained a Neutral rating on KeyCorp (NYSE:KEY) but lowered its price target from $16.00 to $14.00. KeyCorp's shares are currently trading at $13.25, and the new price target suggests a potential upside of 5.66%. KeyCorp, with over $170 billion in assets, operates predominantly in Ohio and New York, focusing on middle-market commercial clients.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

FTNT

Fortinet (NASDAQ:FTNT) has significantly outperformed the market with an average annual return of 33.99% over the past 5 years. A $100 investment in FTNT 5 years ago would now be worth $432.00. Fortinet's market cap stands at $47.33 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm