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ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an annualized return of 43.2% over the past 5 years, growing a $100 investment to $607.85. The company's market capitalization stands at $8.00 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:01 pm

UFPI

UFP Industries (NASDAQ:UFPI) has significantly outperformed the market with an annualized return of 30.36% over the past 5 years, turning a $1000 investment into $3,754.46. The company now has a market capitalization of $7.07 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 8:00 pm

SPOT

Joe Rogan has secured a new deal with Spotify, potentially worth up to $250 million, to continue his podcast on the platform, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:59 pm

EIS

USO

Yemen's Houthi rebels launched ballistic missiles targeting Israel's Eilat, marking a significant escalation in regional tensions. The event could impact global oil markets and security-related assets.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:41 pm

AMZN

META

Stocks have rebounded following the Federal Reserve's decision on Wednesday, with major indexes showing higher values. The rebound is attributed to strength in Meta and Amazon, alongside positive economic data.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:38 pm

AMD

GOOG

META

MSFT

NVDA

BofA analyst Vivek Arya reiterated a Buy rating on Nvidia Corp (NVDA), raising the price target to $800 from $700, ahead of its quarterly earnings report on February 21. Arya anticipates a 3%-5% upside in Q4 and Q1 revenues, mainly due to supply gains offset by China restrictions and transition effects before the B100 accelerator launch in H2 2024. Arya highlights Nvidia's AI innovations and the upcoming GPU Tech Conference. Microsoft, Alphabet, and Meta Platforms are also mentioned for their AI advancements, with Nvidia expected to benefit from its AI accelerator market dominance.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 7:38 pm

AMZN

CING

GRI

INBS

META

TEAM

TYRA

U.S. stocks saw gains with the S&P 500 up 1.20%, Nasdaq up 1.81%, and Dow up 0.49%. Amazon's Q4 results exceeded expectations, projecting Q1 revenue between $138 billion and $143.5 billion. Intelligent Bio Solutions, Tyra Biosciences, and Meta Platforms reported significant stock increases due to positive financial news. Conversely, Cingulate, Atlassian Corporation, and GRI Bio saw their stocks decline following public offering announcements and financial results.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 7:32 pm

RUSHA

Rush Enterprises (NYSE:RUSHA) has seen a 53.36% increase in short interest since its last report, with 3.34 million shares sold short, representing 7.3% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 4.63% short interest. The article suggests that while increased short interest signals bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

PCAR

Over the past 5 years, PACCAR (NASDAQ:PCAR) has outperformed the market with an annualized return of 18.74%, turning a $100 investment into $237.17. The company's market capitalization stands at $53.21 billion.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm

AEP

American Electric Power (NYSE:AEP) has seen a decrease in short interest, with shares sold short falling to 8.49 million, representing 1.61% of available shares. This decrease suggests a more bullish sentiment among investors compared to its peers, where the average short interest as a percentage of float is 2.51%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 7:30 pm