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LRCX

Over the past 15 years, Lam Research (NASDAQ:LRCX) has produced an average annual return of 27.35%, outperforming the market. A $1000 investment in LRCX 15 years ago would be worth $37,432.68 today. The company's current market capitalization stands at $102.96 billion. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

USB

U.S. Bancorp Inc. (NYSE:USB) shares have risen by 0.46% in the current session and 17.27% over the past month, despite a slight decline of 0.06% over the past year. The company's P/E ratio of 12.93 is lower than the Banks industry average of 13.88, which could suggest that U.S. Bancorp is undervalued or expected to perform worse than its industry peers. 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

December 22, 2023 | 6:00 pm

CHTR

Charter Communications (NASDAQ:CHTR) received mixed ratings from 8 analysts in the past three months, with 4 bullish and 4 indifferent ratings. The average 12-month price target is $484.75, down from the previous $511.71, with a high estimate of $600.00 and a low of $425.00. Analysts from firms including Rosenblatt, Benchmark, Citigroup, Morgan Stanley, Goldman Sachs, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Charter's financials show strong market recognition, revenue growth, profitability, and asset utilization, but also highlight challenges in debt management.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 6:00 pm

CAN

EBON

HOOK

MARA

WBD

Benzinga's Stock Whisper Index highlights five stocks: Marathon Digital Holdings (MARA), HOOKIPA Pharma (HOOK), Ebang International Holdings (EBON), Canaan Inc (CAN), and Warner Bros. Discovery (WBD). MARA has surged due to Bitcoin's rise and an analyst's price target increase. HOOK rose after Gilead Sciences (GILD) bought shares, with potential for more purchases. EBON and CAN, both related to Bitcoin mining, saw significant gains. WBD's stock declined amid rumors of a potential merger with Paramount Global (PARA, PARAA).

Portfolio Pulse from Chris Katje

December 22, 2023 | 5:53 pm

MU

Micron Technology, Inc (NASDAQ: MU) stock is trading higher on Friday despite the U.S. announcing a survey for January 2024 to scrutinize the U.S. semiconductor supply chain. China remains a critical market for Micron, with the Chinese commerce minister inviting the company to expand its presence. Micron reported Q1 revenue of $4.73 billion, surpassing estimates, and provided strong Q2 guidance, citing the generative AI boom as a key driver. Analysts have raised price targets, and UBS analyst Timothy Arcuri has highlighted Micron as a top pick. The stock has risen 72% year-to-date.

Portfolio Pulse from Anusuya Lahiri

December 22, 2023 | 5:53 pm

KURA

Mizuho initiated coverage on Kura Oncology Inc (NASDAQ:KURA), highlighting the potential of its lead program ziftomenib for treating r/r NPM1-m AML. The firm sees a higher likelihood of success as more data becomes available, which could double the market reach and positively impact KURA's valuation. Analysts Mara Goldstein and Jerry Gong issued a Buy rating with a $26 price target. KURA shares rose 9.73% to $13.79 after the coverage initiation.

Portfolio Pulse from Vandana Singh

December 22, 2023 | 5:50 pm

OXY

Occidental Petroleum Corporation's stock price is on the rise following a mention on CNBC that Berkshire Hathaway has increased its stake in the company. This news suggests a vote of confidence from a major investor, which could positively influence investor sentiment and potentially lead to a short-term increase in Occidental's stock price.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:46 pm

PLUG

Craig-Hallum analyst Eric Stine has reiterated a Buy rating on Plug Power (NASDAQ:PLUG) and maintained the price target of $11 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 5:44 pm

SNEX

StoneX Group Inc. (NASDAQ:SNEX) has implemented Swift's new Payment Pre-validation service for cross-border payments, aiming to reduce errors and improve transaction speed and customer experience. The service includes real-time validation of beneficiary account details and other enhancements. SNEX shares rose by 1.68% to $71.44.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 5:43 pm

GLD

IWM

QQQ

SPY

The Personal Consumption Expenditures (PCE) index inflation dropped to its lowest since March 2021, leading to market expectations of interest rate cuts in 2024. Economists are debating the Federal Reserve's next moves, with some cautioning against premature rate cuts due to robust GDP growth and low unemployment. The PCE report, along with mixed economic data, influenced the stock and bond markets, with slight increases in SPY, QQQ, and IWM, and a marginal rise in Treasury yields. The SPDR Gold Trust (GLD) also saw a 0.4% increase.

Portfolio Pulse from Piero Cingari

December 22, 2023 | 5:42 pm