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CNI

Over the past 15 years, Canadian National Railway (NYSE:CNI) has produced an average annual return of 13.02%, outperforming the market. A $1000 investment in CNI 15 years ago would be worth $6,358.76 today. The company's current market capitalization stands at $81.25 billion.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 3:30 pm

CBRE

CBRE Group's stock is trading lower following a downgrade by Evercore ISI Group from Outperform to In-Line, despite an increase in the price target from $79 to $96.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:29 pm

SCHW

Charles Schwab's stock (SCHW) is trading lower following a downgrade by Goldman Sachs from 'Buy' to 'Neutral', with a new price target set at $71.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:28 pm

CME

CME Group's stock trades lower following a downgrade from Neutral to Sell by Goldman Sachs, which also set a price target of $195.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:27 pm

IUSG

IUSV

LVS

MRNA

TNL

VAC

VTRS

The U.S. stock market saw a significant sell-off in technology stocks, leading to the worst start of the year in decades. The S&P 500 and Nasdaq 100 fell 0.6% and 1.7%, respectively. Value stocks, however, performed well, with the iShares Core S&P U.S. Value ETF (IUSV) reaching a 7-month high. Moderna, Viatris, Travel Leisure, Las Vegas Sands, and Marriott Vacations were top gainers among value stocks. Key contributors to IUSV's performance included Berkshire Hathaway, Exxon Mobil, Johnson & Johnson, UnitedHealth Group, and Merck & Co. JPMorgan Chase, Intel, Bank of America, Wells Fargo, and Verizon Communications were top contributors to value performance over the last month.

Portfolio Pulse from Piero Cingari

January 03, 2024 | 3:26 pm

BRKR

Bruker Corporation's stock is trading lower following the announcement of its acquisition of Nion, a specialized electron microscopy company.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 3:25 pm

PSTG

TDCX

TDCX Inc. shares surged 28% after receiving a preliminary non-binding acquisition offer from its CEO for $6.60/share. The company formed a special committee to consider the proposal. Other stocks like Dyne Therapeutics, Voyager Therapeutics, and Pure Storage also saw gains, with Pure Storage set to join the S&P MidCap 400.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 3:24 pm

WBA

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is expected to report lower Q1 earnings for fiscal 2024, with estimates at 63 cents per share compared to $1.16 a year ago. Revenue is projected at $34.86 billion. The company is reconsidering the sale or separation of its U.K. chain, Boots. WBA shares rose 2.1% to $26.65. Analysts have revised their ratings and price targets, with JP Morgan upgrading WBA to Overweight and a $30 target, while others maintain Hold or Neutral with lower targets.

Portfolio Pulse from Avi Kapoor

January 03, 2024 | 3:21 pm

CHS

PDCO

PSTG

Shares of Pure Storage Inc (NASDAQ:PSTG) are rising after the announcement that the company will join the S&P MidCap 400, replacing Patterson Companies Inc. Patterson will move to the S&P SmallCap 600, taking the place of Chico's FAS Inc, which is being acquired by Sycamore Partners. The market capitalization adjustment and acquisition are prompting these index changes, which will be effective before the market opens on Friday. At the time of publication, PSTG shares had increased by 4.98% to $36.56.

Portfolio Pulse from Adam Eckert

January 03, 2024 | 3:18 pm

SIDU

Sidus Space Inc (NASDAQ:SIDU) shares surged after receiving a Tier 1 remote sensing license from NOAA, allowing Panchromatic and Shortwave Infrared imaging with its upcoming LizzieSat satellites. The satellites will provide valuable data for various applications, including monitoring marine traffic and environmental conditions. LizzieSat is set to launch in March 2024 on SpaceX's Transporter-10 mission. SIDU's stock price jumped 59.79% to $11.14.

Portfolio Pulse from Shivani Kumaresan

January 03, 2024 | 3:17 pm