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MMM

Marc Chaikin, founder and CEO of Chaikin Analytics, recommends buying 3M Co (NYSE:MMM) stock, citing its potential for upside despite a more than 10% decline in 2023 due to business-specific headwinds and legal disputes. Chaikin highlights 3M's history of innovation, like the Post-It-Note, and notes a recent Golden Cross on the technical charts, which could signal a bullish trend. 3M is addressing litigation risks, improving operational efficiencies, and leveraging strong free cash flow, which may lead to recovery and dividend growth. The stock also has an attractive valuation with a low P/E ratio compared to the sector median and a high dividend yield.

Portfolio Pulse from Surbhi Jain

January 11, 2024 | 2:14 pm

VTR

Ventas, Inc. has issued a statement in response to the nomination of three directors by Land & Buildings Investment Management. The company emphasizes that its Board of Directors, which consists of 11 members with 10 being independent, is strong, diverse, and experienced. The Board is committed to acting in the best interests of the company and its shareholders, and it has a process for director succession and search, having appointed four new independent directors in the last four years. Ventas will evaluate the nominees through its Nominating, Governance and Corporate Responsibility Committee and will provide a formal recommendation in its proxy statement before the 2024 Annual Meeting of Stockholders. Currently, no action is required from Ventas shareholders.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:53 pm

GRFS

Grifols CEO has responded to Gotham's use of the company's financial information, stating that the data has been previously reviewed and approved by regulators and their accounting firm. The CEO also acknowledged that the company could improve its communication.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:40 pm

ALK

BA

RYAAY

SPR

Ryanair CEO Michael O'Leary stated that passengers are not concerned about flying on Boeing 737 aircraft despite recent safety issues. The FAA grounded 171 MAX 9 jets after a cabin panel incident on an Alaska Airlines flight. O'Leary confirmed that the issue does not affect Ryanair's MAX 8 or the MAX 10 models on order. He expressed confidence in Boeing's leadership but noted quality control issues at Boeing and supplier Spirit Aerosystems. Ryanair's stock (RYAAY) is trading higher by 0.89% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

January 11, 2024 | 12:55 pm

LIDR

AEye, Inc. has filed a U.S. patent application (#20240012118) for a method and system for optical data communication via LADAR (Laser Detection and Ranging). The patent application suggests AEye's focus on innovation in LADAR technology, which is critical for applications such as autonomous driving. The company's public float is 5,557,018 shares.

Portfolio Pulse from Charles Gross

January 11, 2024 | 12:21 pm

GOOG

GOOGL

Alphabet Inc.'s Google faces a setback in its attempt to overturn a $2.6 billion EU antitrust fine as EU Court of Justice Advocate General suggests dismissing the appeal. The fine was originally imposed in 2017 for favoring its own shopping services, and Google has been fined a total of $9.5 billion by the EU between 2017 and 2019 for various antitrust violations. Google is reviewing the opinion and continues to invest in its remedy, while the European Commission has initiated a new investigation into Google's digital advertising dominance.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 11:54 am

ANEB

Anebulo Pharmaceuticals has filed a U.S. patent application (No. 20240010617) for crystalline forms of a CB1 modulator, including methods of use and preparation. The patent application could potentially protect the company's intellectual property and strengthen its position in the market for cannabinoid receptor type 1 modulators.

Portfolio Pulse from Charles Gross

January 11, 2024 | 11:42 am

AAPL

Apple Inc. was warned about security vulnerabilities in its AirDrop feature before an alleged breach by China's Beijing Institute, which claims to have extracted iPhone users' details through AirDrop. Security experts have confirmed the possibility of extracting sender details from device logs, and researcher Alexander Heinrich noted that Apple was aware of these issues. Apple has been granted a patent for a new version of AirDrop using light, which could be more secure. The company had previously restricted AirDrop in China during anti-government protests.

Portfolio Pulse from Ananya Gairola

January 11, 2024 | 10:13 am

CMI

Cummins Inc. (NYSE:CMI) is ordered to recall 600,000 Ram Trucks and pay a $2 billion penalty due to an emissions cheating scandal. The DOJ announced the details of a December settlement where Cummins is accused of using devices to evade emissions testing. The penalty includes a $1.67 billion civil fine and $325 million for remedial actions, marking the highest penalty under the Clean Air Act. Cummins stated the settlement involves no new financial commitments beyond those previously announced.

Portfolio Pulse from Benzinga Neuro

January 11, 2024 | 9:31 am

AAPL

MASI

The U.S. International Trade Commission (ITC) has opposed Apple Inc.'s request to delay an import ban on certain Apple Watch models, despite a temporary relief granted by a U.S. appeals court. The ITC found Apple's arguments weak and speculative, maintaining there was no legal error in its October 2023 decision. Apple, accused of infringing Masimo Corporation's patents, has been selling the affected models since December 27 and is working on non-infringing software versions while appealing the ITC decision.

Portfolio Pulse from Rounak Jain

January 11, 2024 | 8:43 am