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Assets

FTLF

FitLife Brands has announced that the U.S. Bankruptcy Court has approved its $18.5 million acquisition of substantially all of the assets of MusclePharm. This has led to a rise in FitLife Brands' shares.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:47 pm

STSS

Sharps Technology has signed an Asset Purchase Agreement to acquire the InjectEZ Facility and the associated $400 million 10-year purchase agreement with Nephron Pharmaceuticals. This news led to a decrease in Sharps Technology's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 4:32 pm

EW

Edwards Lifesciences (NYSE:EW) has outperformed the market over the past 15 years, producing an average annual return of 19.59%. If an investor had bought $100 of EW stock 15 years ago, it would be worth $1,450.63 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 4:30 pm

MPC

A significant bullish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $125.0 to $170.0 for Marathon Petroleum over the last 3 months. The price of MPC is up 1.73% at $155.06. Analysts from Mizuho, B of A Securities, Wells Fargo, and Raymond James have maintained their ratings on Marathon Petroleum.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 4:18 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent trades being bearish. The price target for Costco Wholesale over the last 3 months has been between $560.0 to $600.0. The current price of COST is up 1.16% at $570.09. Analysts from Morgan Stanley, Deutsche Bank, BMO Capital, and Evercore ISI Group maintain positive ratings on Costco, while Telsey Advisory Group downgraded its action to Outperform with a price target of $575.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 4:03 pm

MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has outperformed the market by 19.45% on an annualized basis, producing an average annual return of 29.21%. If an investor had bought $100 of MSCI stock 10 years ago, it would be worth $1,282.01 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 4:00 pm

HDB

HDFC Bank (NYSE:HDB) has outperformed the market over the past 10 years, producing an average annual return of 14.01%. If an investor had bought $1000 of HDB stock 10 years ago, it would be worth $3,717.16 today. The bank currently has a market capitalization of $149.43 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 4:00 pm

EMN

Eastman Chemical Company (NYSE:EMN) has agreed to sell its Texas City Operations to INEOS Acetyls for $490 million. The sale includes a $415 million cash payment at closing and the remainder in equal installments on the first and second anniversaries of the closing. Eastman will retain ownership of its plasticizer business at the site, which INEOS will operate. The sale is expected to be accretive to Eastman's adjusted earnings per share in 2024 and the proceeds will be used for debt repayment.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 3:57 pm

UPS

United Parcel Service Inc (UPS) has agreed to acquire MNX Global Logistics for an undisclosed amount. The acquisition is expected to enhance UPS's capabilities in the healthcare and related industries, particularly in radio-pharmaceuticals and temperature-controlled logistics. The deal is expected to close by the end of the year, subject to regulatory approval. UPS's operating cash flow for the six months ended June 30, 2023, was $5.59 billion, and free cash flow was $3.84 billion.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 3:44 pm

QCOM

A significant investor has taken a bullish stance on Qualcomm (NASDAQ:QCOM), with 66% of recent trades being bullish and 33% bearish. The total amount for puts is $460,455 and for calls is $193,091. Whales have been targeting a price range from $70.0 to $115.0 for Qualcomm over the last 3 months. Wells Fargo maintains an Underweight rating on Qualcomm with a price target of $100, while Keybanc and Rosenblatt have downgraded their actions to Overweight and Buy with price targets of $145.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:32 pm