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IMO

Imperial Oil (AMEX:IMO) has delivered an average annual return of 20.55% over the past 5 years, outperforming the market by 7.97%. A $100 investment in IMO 5 years ago would now be worth $257.29. The company currently has a market capitalization of $37.28 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:30 pm

JBL

Over the past 5 years, Jabil (NYSE:JBL) has outperformed the market with an annualized return of 23.33%, averaging 35.9% annually. A $1000 investment in JBL 5 years ago would now be worth $4,676.24. Jabil's market capitalization stands at $17.24 billion.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 4:30 pm

HD

Home Depot Inc (NYSE:HD) shares fell after announcing the acquisition of SRS Distribution for $18.25 billion. Analysts from Wedbush and Telsey Advisory Group predict the acquisition will strengthen Home Depot's market positioning and drive earnings growth. Wedbush raised its price target from $380 to $410, citing the deal's potential to increase Home Depot's total addressable market by $50 billion. Telsey Advisory Group raised its price target from $335 to $360, noting the acquisition's accretive impact on non-GAAP earnings, despite being dilutive on a GAAP basis due to amortization expense.

Portfolio Pulse from Priya Nigam

April 01, 2024 | 4:29 pm

ASML

ASML shares are trading higher amid overall strength in semiconductor stocks.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:28 pm

MRVL

Marvell Technology shares are trading higher due to overall strength in the semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:27 pm

DELL

Dell shares are trading higher, potentially in response to the announcement of the Stargate data center project by Microsoft and OpenAI. This project could imply increased demand for Dell's products and services, contributing to the positive movement in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:26 pm

SGML

Sigma Lithium Corporation (NASDAQ:SGML) shares surged after announcing Q4 FY23 results, including $37.7 million in revenue from three shipments of Quintuple Zero Green Lithium, and a Final Investment Decision to double production. The company reported a net loss of $(9.5) million and an adjusted EBITDA of $31.3 million. Capital expenditures were $6.5 million, with free cash flow around $30 million. Sigma Lithium plans to increase its annual lithium capacity to 520,000 tonnes by 2025, aiming to power approximately 1.8 million electric vehicles. The company also disclosed a delay in filing its annual information form and annual report due to additional audit procedures.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 4:23 pm

EIS

SPY

USO

Iran's Ambassador to Syria has stated that Tehran's response will be harsh, according to Reuters. This statement could potentially escalate tensions in the region, affecting global markets and commodities.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:21 pm

DNN

LEU

UEC

URG

UUUU

Uranium stocks are experiencing an uptick following news that US oil companies are considering the use of small nuclear reactors for powering drilling operations in the Permian Basin. This development could signal a new demand avenue for uranium, potentially boosting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:20 pm

CCJ

Cameco's stock price increased following Goldman Sachs' initiation of coverage with a Buy rating and a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:18 pm