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META

BMO Capital analyst Brian Pitz reiterated a Market Perform rating on Meta Platforms Inc (NASDAQ:META) with a price target of $450. The analyst highlighted the rising risk of free-cash-flow burn due to evolving creator payouts. Meta may need to increase creator payouts to retain engaging content, potentially increasing costs by $3-5 billion annually. The competition from platforms like YouTube, Snap, and TikTok, along with the need to offer revenue share before generating positive FCF, poses additional risks. Despite a rise in revenue from China advertisers, challenges remain with app downloads and user engagement.

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 4:58 pm

AI

C3.Ai CEO Tom Siebel appeared on Fox Business's Cavuto: Coast To Coast to discuss the rise of artificial intelligence.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:54 pm

AXP

American Express is expanding its tap-and-pay acceptance at public transit systems globally.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:51 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) has launched its 'Summer Shareability' campaign featuring new cannabis products such as multi-pack pre-rolls, twisted vapes, and juiced infused pre-rolls. The campaign aims to highlight shareable and convenient formats with exciting flavors for summer gatherings.

Portfolio Pulse from Jelena Martinovic

June 12, 2024 | 4:50 pm

AAPL

BofA Securities analyst Wamsi Mohan maintains a Buy rating for Apple Inc. (NASDAQ:AAPL) with a $230 price target, citing a growing iPhone installed base and potential for increased service consumption and device sales.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 4:27 pm

WEAV

Weave has announced a new marketplace for affiliate products and services aimed at enhancing operational efficiency and patient experiences for small and medium-sized healthcare businesses.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:25 pm

DOGEUSD

Dogecoin (DOGE) has surged 8.5% following positive CPI data, with traders highlighting bullish patterns and key levels that could drive further gains. Significant liquidity at $0.175 and increased large transaction volumes suggest potential for increased volatility.

Portfolio Pulse from Khyathi Dalal

June 12, 2024 | 4:24 pm

AAPL

Apple shares are trading higher on continued strength following the company's WWDC event.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:22 pm

AAPL

FPXI

NVO

PPH

Novo Nordisk A/S (NYSE:NVO) is on the verge of surpassing Lego A/S as Denmark's most valuable brand, driven by the global success of its weight-loss drugs, Ozempic and Wegovy. Novo Nordisk's brand value surged by 59% to $5.1 billion, while Lego's increased by 3% to $8 billion. Novo Nordisk's growth has significantly impacted Denmark's economy, contributing to its GDP growth. The company's stock has gained over 80% in the last 12 months. Investors can gain exposure to Novo Nordisk through VanEck Pharmaceutical ETF (NASDAQ:PPH) and First Trust International Equity Opportunities ETF (NASDAQ:FPXI).

Portfolio Pulse from Shivani Kumaresan

June 12, 2024 | 4:21 pm

DNTH

Dianthus Therapeutics shares are trading higher following the FDA clearance of its Phase 2 Investigational New Drug application for the MoMeNtum trial of DNTH103 in patients with Multifocal Motor Neuropathy.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 4:16 pm