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Costco Wholesale Corporation (NASDAQ:COST) exceeded revenue and earnings estimates in its fiscal 2024 first quarter, with a 6% YoY increase in revenue to $57.8 billion and adjusted EPS of $3.58. Despite a slight miss in same-store sales growth, e-commerce sales grew 6.3%. CFO Richard Galanti highlighted strong performance in non-food categories and high foot traffic. Costco's membership base and private-label brand contributed to its resilience amid inflation. Other retailers like Amazon.com (NASDAQ:AMZN), Foot Locker Inc (NYSE:FL), Walmart Inc (NYSE:WMT), and Target Corporation (NYSE:TGT) also reported a strong start to the holiday season, with record online sales reported by Adobe Analytics.

Portfolio Pulse from Upwallstreet

December 18, 2023 | 3:01 pm

BX

Benzinga's options scanner revealed significant bearish sentiment among deep-pocketed investors towards Blackstone (NYSE:BX), with 75% of the notable options activity being bearish. The options activity suggests a target price range of $65.0 to $160.0 for BX over the last 3 months. The largest trades included both bullish and bearish positions, with varying strike prices and expiration dates. Blackstone, a major alternative asset manager with $1.001 trillion AUM, saw its stock price slightly down at $129.04, and an earnings announcement is expected in 38 days.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:01 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has decreased by 5.27% in the last 24 hours, continuing a negative trend with a 6.0% loss over the past week. The trading volume has decreased by 48.0%, while the circulating supply increased by 0.35%. MATIC's market cap is currently $7.30 billion, ranking it 15th.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:01 pm

CRM

In the past 3 months, 24 Wall Street analysts have provided ratings for Salesforce (NYSE:CRM), with an average 12-month price target of $278.33, a high of $315.00, and a low of $232.00. The consensus among these analysts is leaning towards a bullish outlook, with 8 bullish, 12 somewhat bullish, and 4 indifferent ratings. There have been no bearish or somewhat bearish ratings. The average price target has seen an increase of 6.89% over the past month.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

CUBI

Over the past 3 months, 4 Wall Street analysts have provided ratings for Customers Bancorp (NYSE:CUBI), with 3 giving a bullish and 1 an indifferent rating. The average price target is $58.5, representing an implied upside from the current price of $53.08. The target has increased by 17.0% over the past month. Analysts typically review stocks quarterly, basing their ratings on financial statements, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has delivered an average annual return of 17.23% over the past 10 years, outperforming the market by 7.3% on an annualized basis. With a current market cap of $48.58 billion, a $1000 investment in AJG stock a decade ago would be worth $4,909.35 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

COR

Cencora (NYSE:COR) has delivered an average annual return of 22.8% over the past 5 years, outperforming the market by 8.42% on an annualized basis. A $100 investment in COR 5 years ago would be worth $274.50 today. Cencora's market capitalization currently stands at $40.13 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a 4.03% price drop in the last 24 hours, continuing a weekly downward trend with a 6.0% loss. Trading volume has decreased by 60%, and the circulating supply has slightly declined. Despite the dip, Dogecoin maintains the #11 market cap rank.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

AAPL

Investor Business Daily's SwingTrader has reportedly sold shares of Apple (AAPL), which may indicate a shift in their trading strategy or response to market conditions.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:58 pm

CLF

Cleveland-Cliffs, Inc. (NYSE:CLF) stock is trading higher after the company commented on the proposed acquisition of U.S. Steel by Nippon Steel. CEO Lourenco Goncalves highlighted U.S. Steel's undervaluation and synergy potential with Cleveland-Cliffs, expressing that the sector is undervalued and a re-rating for Cleveland-Cliffs is overdue. The company has reached its net debt target and plans to prioritize aggressive share buybacks. CLF shares have risen 19% over the past month and are up 8.8% at $20.34.

Portfolio Pulse from Erica Kollmann

December 18, 2023 | 2:57 pm