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AME

AMETEK (NYSE:AME) has delivered an average annual return of 17.81% over the past 15 years, outperforming the market. A $1000 investment in AME 15 years ago would be worth $11,779.54 today. The company's current market capitalization stands at $37.59 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 6:30 pm

AAPL

MASI

Needham downgraded Masimo Corporation (MASI) from Buy to Hold, with no new price target, previously $86, due to uncertainties around Apple Inc's (AAPL) patent appeal and potential royalty payments for Apple Watch. A U.S. appeals court temporarily halted an import ban on certain Apple smartwatches amid the patent dispute with Masimo. Apple has also filed a lawsuit against Masimo in Delaware. The downgrade reflects the view that potential royalties from AAPL are mostly priced into MASI shares, and concerns over MASI's earnings potential and mixed feedback on its new consumer health products. MASI shares dropped 2.39% to $111.88.

Portfolio Pulse from Vandana Singh

January 03, 2024 | 6:30 pm

AVAXUSD

BTCUSD

DOTUSD

ETHUSD

LINKUSD

MATICUSD

SHIBUSD

SOLUSD

Following Jim Cramer's bullish comments on Bitcoin, the cryptocurrency market experienced a significant downturn. Bitcoin, along with other major cryptocurrencies such as Ethereum, Polygon, Shiba Inu, Solana, Polkadot, Avalanche, and Chainlink, saw substantial losses. The global crypto market cap fell by 6.7%, with Bitcoin futures open interest also declining. Influencers and analysts have attributed the market drop to the 'Jim Cramer Effect', criticizing his timing and the subsequent market reaction.

Portfolio Pulse from Khyathi Dalal

January 03, 2024 | 6:28 pm

SASI

Sigma Additive Solutions' stock is trading higher following the completion of its acquisition of NextTrip Holdings via a share exchange.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:27 pm

ABVC

ABVC BioPharma's stock is trading higher following the receipt of a milestone payment of 46 million shares from AiBtl BioPharma as part of a global licensing agreement.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:23 pm

NDAQ

Nasdaq is reportedly meeting with the SEC to discuss the potential approval of spot Bitcoin ETFs, according to The Block. This meeting could be a significant step towards the introduction of Bitcoin ETFs that directly track the spot price of Bitcoin, rather than futures-based products.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:20 pm

BPT

MPC

PBR

Energy company stocks are trading higher due to rising oil prices, which are being driven by uncertainty in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:18 pm

Toyota Motor Corporation (NYSE:TM) reported a 6.6% increase in 2023 U.S. sales, reaching nearly 2.25 million vehicles. Q4 sales rose 15.4% Y/Y, and December sales surged 25.5% Y/Y. The company plans to offer an electrified option for every Toyota and Lexus model in the U.S. by the end of 2025. TM shares saw a slight increase of 0.28% to $181.87.

Portfolio Pulse from Nabaparna Bhattacharya

January 03, 2024 | 6:17 pm

COLL

Collegium Pharmaceutical's stock is up following the company's release of its 2024 financial guidance and the announcement of a $150 million share repurchase program authorized by its board of directors.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:08 pm

FUJHY

Subaru of America reported a 1.8% increase in vehicle sales for December 2023, with 57,764 vehicles sold compared to December 2022. The year-end sales for 2023 were up by 13.6%, as detailed in their press release.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 6:06 pm