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TW

Tradeweb Markets Inc. (NASDAQ:TW) stock is trading higher after the company reported a 43.3% year-over-year growth in average daily volume for December. The total trading volume for the month was $28.9 trillion, with the fourth quarter reaching $104.4 trillion and an ADV of $1.68 trillion, marking a 56.9% increase from the previous year. CEO Billy Hult highlighted the role of interest rate moves, geopolitical uncertainty, and market volatility in driving a resurgence in fixed income trading for 2023.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 8:11 pm

ZTS

Over the past 5 years, Zoetis (NYSE:ZTS) has outperformed the market with an average annual return of 17.52%, turning a $100 investment into $227.48. Zoetis currently has a market cap of $89.06 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

V

Over the past 10 years, Visa (NYSE:V) has produced an average annual return of 16.67%, outperforming the market by 6.85% on an annualized basis. A $1000 investment in Visa a decade ago would now be worth $4,687.64. Visa's current market capitalization stands at $533.42 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

EPD

Enterprise Prods Partners Inc. (NYSE:EPD) stock is currently trading at $27.15, marking a 0.56% increase. Over the past month, EPD's stock has risen by 1.98%, and over the past year, by 7.08%. The company's P/E ratio of 10.98 is lower than the industry average of 24.97, which could indicate that the stock is undervalued or that shareholders have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:01 pm

BTCUSD

ETHUSD

SOLUSD

Digital asset investment products experienced a significant recovery in 2023, with $2.25 billion in inflows, led by Bitcoin with $1.9 billion. The SEC's openness to spot Bitcoin ETFs in the U.S. contributed to this surge. Ethereum and Solana also saw inflows but to a lesser extent. The U.S. had the largest inflows by country, but Germany led in terms of AUM percentage. Blockchain equities also saw a substantial increase in AUM and inflows. Market sentiment is influenced by the uncertainty of ETF approvals, with a shift towards uncorrelated multi-asset returns and strategic diversification in crypto investments. Options traders expect more volatility, with an increase in put options indicating potential bearish positions.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 7:58 pm

AMZN

WMT

Amazon.com Inc (NASDAQ:AMZN) captured nearly a third of late online orders in the two weeks before Christmas, a significant increase from 21% during Thanksgiving and Black Friday. The company's focus on expedited shipping and same-day delivery facilities has been key in attracting last-minute shoppers and maintaining an edge over competitors like Walmart Inc (NYSE:WMT) and Chinese e-commerce companies. Amazon's Prime members enjoy fast delivery, with 70% of U.S. orders arriving within two days. Despite a positive performance in delivery, AMZN shares dropped by 2.17% recently.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 7:51 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is highlighted as a top pick for 2024 by numerous analysts, with five firms naming it their top pick on a single Wednesday. Analysts cite reaccelerating AWS growth, underappreciated AI exposure, operating efficiency, and advertising opportunities as reasons for optimism. Wedbush labels it the 'everything stock' and Satori Fund views it as a defensive play. Despite the positive outlook, AMZN shares were down 2.15% at $145.28 on Thursday.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 7:50 pm

IWM

SPY

VOO

Mohamed El-Erian, Allianz's chief economic adviser, believes the bond market, with the U.S. 10 Year Treasury around 4%, is now more consistent with the economic outlook, suggesting the economy may avoid a deep recession. He previously indicated that a 2 Year Treasury Yield around 4% would make him more bullish on future stock market performance. The bond market is currently projecting a 62% chance of a rate cut in March. Meanwhile, SPDR S&P 500 (SPY) and Vanguard S&P 500 ETF (VOO) were slightly negative, while the iShares Russell 2000 ETF (IWM) was up slightly in Thursday's session.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 7:43 pm

EFX

HRT

TRU

Needham analyst Kyle Peterson has maintained a Buy rating on Equifax Inc (EFX) and raised the price target from $230 to $305, naming it the Top Pick for 2024 and adding it to the Needham Conviction List. Peterson expects mortgage rate declines to provide tailwinds for EFX in 2024. EFX's non-mortgage businesses are scaling and showing record growth, which should benefit the company. EFX's data platform and workforce solutions segment are seen as differentiators from competitors like Experian Plc (EXPGY) and TransUnion (TRU). Peterson anticipates EFX shares to significantly outperform in 2024 with a favorable risk-reward at a P/E multiple of 25x his FY25 estimate. EFX shares were up 1.07% at $235.53 on last check.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 7:36 pm

SEM

Select Medical Holdings Corporation (NYSE:SEM) saw its stock price increase after announcing plans to separate its Concentra Group Holdings Parent, LLC, an occupational health services business. The separation would create two independent, publicly traded companies. The move is part of strategic alternatives to maximize stockholder value and support the company's mission. SEM shares were up 11.2% at $26.12 following the announcement.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 7:34 pm