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Assets

SCCO

Southern Copper's shares are experiencing an increase due to a rebound in copper prices.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 2:54 pm

AZN

BABA

NVS

QCOM

RTX

SFTBF

UBS

WELL

Several major companies have announced significant developments. Qualcomm has signed a chip supply agreement with Apple, potentially boosting its stock. Vietnam Airlines is nearing a $10 billion deal with Boeing to acquire 50 Boeing 737 Max jets. Welltower has raised its FY23 FFO outlook due to strong capital deployment and senior housing business. Novartis' Sandoz has entered a development and commercialization agreement with Samsung Bioepis. RTX Corp is facing a $3 billion pre-tax charge due to a Pratt & Whitney engine problem. AstraZeneca's CEO, Pascal Soriot, is rumored to be stepping down. Alibaba is undergoing a leadership shakeup in its cloud business. A potential United Auto Workers strike could cost the US economy billions. Apple and Google are facing an antitrust showdown. UBS is planning to cut wealth-management jobs in Asia. Arm Holdings is considering boosting its IPO price.

Portfolio Pulse from Vandana Singh

September 11, 2023 | 2:51 pm

BHP

BHP Group's shares are trading higher due to a rebound in iron ore prices.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 2:48 pm

RIO

Rio Tinto's shares are experiencing an upward trend due to a rebound in iron ore prices.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 2:48 pm

NMR

PRU

WPCBF

Nomura (NYSE:NMR), Prudential Financial (NYSE:PRU), and Warburg Pincus (OTC:WPCBF) have invested in Bermuda-based Prismic Life Reinsurance. Nomura's investment accounts for a 65% stake, Prudential owns 20%, and Warburg Pincus controls 15%. The three companies have launched a life and annuity reinsurance platform, with Prudential and Warburg Pincus also providing asset management services to the reinsurance company.

Portfolio Pulse from Khyathi Dalal

September 11, 2023 | 2:44 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has outperformed the market over the past 5 years by 7.29% on an annualized basis, producing an average annual return of 16.26%. If an investor had bought $100 of TMO stock 5 years ago, it would be worth $210.75 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:30 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has outperformed the market over the past 20 years by 1.91% on an annualized basis, producing an average annual return of 9.44%. If an investor had bought $100 of ADM stock 20 years ago, it would be worth $607.31 today.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:30 pm

CMCSA

Comcast Corp's Xfinity experienced outages on Sunday, affecting TV streaming, signal, and landline internet services. The disruption coincided with the National Football League games. Despite this, Comcast's shares traded higher by 1.38% at $45.65 on Friday.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 2:24 pm

ACB

Aurora Cannabis Inc. has repurchased nearly $9 million of its convertible senior notes in multiple transactions to reduce debt and annual cash interest costs. This move is part of the company's goal to achieve positive free cash flow in 2024. The transactions will save Aurora more than $485 thousand in annualized interest payments. After the repurchases, Aurora will have approximately $39 million of convertible senior notes outstanding. The company's shares are trading higher following the announcement.

Portfolio Pulse from Erica Kollmann

September 11, 2023 | 2:24 pm

CVNA

An option alert has been issued for Carvana (CVNA) for January 19 $110 calls. The sweep is near the ask with 250 @ $1.145 versus an open interest of 1060. Carvana's earnings are expected to be announced after close on November 2. The reference price is $47.8.

Portfolio Pulse from Charles Gross

September 11, 2023 | 2:06 pm