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AAPL

SPY

Apple Inc's stock has declined by 7% this year, underperforming the S&P 500. The decline is attributed to reduced demand from China, challenges in the AI sector, and regulatory hurdles. Berkshire Hathaway sold about 10 million Apple shares, hinting at potential future sales. Despite this, Apple's stock has potential for growth if it can surpass the $200 mark, with its recent close at $178.67 showing a 1.46% increase.

Portfolio Pulse from Zaheer Anwari

March 21, 2024 | 6:07 pm

BDX

Becton Dickinson And Co (NYSE:BDX) has increased its U.S. production of medical syringes in response to the FDA's recommendation to avoid using certain China-made syringes due to quality concerns. The FDA's ongoing probe into plastic syringes manufactured in China has identified potential device failures. Becton Dickinson has ramped up manufacturing in Nebraska and Connecticut facilities to meet the additional demand. The FDA has specifically cited three Chinese companies for regulatory violations and advised transitioning away from their products. BDX shares rose 1.18% to $240.68.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 5:47 pm

META

YALA

Yalla Group Ltd. (NYSE:YALA) is advancing its gaming division by focusing on mid- and hardcore games, partnering with established game publishers after learning from its initial foray. The company's Q4 revenue increased by 7.7% year-over-year to $80.9 million, with gaming growing 35% to $28.5 million. Yalla aims to leverage its strong position in the MENA region, enhancing its social media apps and exploring new markets. Despite a slight decline in its stock post-earnings, Yalla's shares have risen 42% over the last year, trading at a P/E ratio of 9.3, compared to Meta's 34.

Portfolio Pulse from The Bamboo Works

March 21, 2024 | 5:42 pm

INTC

IYW

MSFT

VGT

Microsoft Corp (NASDAQ:MSFT) announced the launch of two new AI-powered Surface devices for business customers, featuring Intel Corp's (NASDAQ:INTC) latest processors and AI capabilities. The Surface Pro 10 and Surface Laptop 6 for Business will start shipping on April 9, with advanced features aimed at enhancing business utility and preparing for AI advancements in Windows 11. Microsoft's stock has seen significant growth, and exposure to MSFT can also be gained through IShares U.S. Technology ETF (NYSE:IYW) and Vanguard Information Tech ETF (NYSE:VGT).

Portfolio Pulse from Anusuya Lahiri

March 21, 2024 | 5:37 pm

DIS

Walt Disney Co's (NYSE:DIS) characters like Winnie the Pooh, Tinkerbell, and Bambi, now in the public domain, are being used in a new horror franchise. 'Poohniverse: Monsters Assemble' will unite these characters in a villain crossover film set for 2025. The franchise aims to create a horror equivalent of the Avengers, with standalone films leading up to the crossover. This follows the success of 'Winnie-the-Pooh: Blood and Honey' and its upcoming sequel. The use of these characters in horror films could alter their public perception.

Portfolio Pulse from Chris Katje

March 21, 2024 | 5:34 pm

LLY

NVO

Medicare may cover Novo Nordisk's Wegovy for members with heart disease history. FDA approved Wegovy for obesity and cardiovascular disease management. Novo Nordisk's trials showed significant benefits in heart and kidney health. CMS may allow Part D plans to cover anti-obesity drugs under certain conditions. Germany's health ministry addressed Ozempic export concerns amid shortages. NVO shares rose 0.51%.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 5:23 pm

TTWO

Take-Two Interactive Software Inc's Rockstar released Title Update 1.32 for Red Dead Redemption 2, featuring improvements and fixes for PC, PS4, and Xbox One. The update includes FSR 2.2, HDR10 support, and a fix for a game freeze glitch. However, it lacks the anticipated 60 fps feature on consoles. Speculation about a next-gen update for ninth-gen consoles was fueled by a leak, but Rockstar has not confirmed any plans. The game, praised for its quality but criticized for infrequent updates, has sold over 61 million copies.

Portfolio Pulse from Franca Quarneti

March 21, 2024 | 5:11 pm

DTST

Data Storage Corp's shares surged following the announcement that its CloudFirst Solutions subsidiary will provide cloud migration, hosting, and managed services to a U.S. insurance company.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 5:07 pm

MU

Micron Technology Inc (NASDAQ:MU) shares surged after reporting strong fiscal Q2 results, leading to several analysts raising their price targets. The positive outlook is driven by significant price increases in DRAM and NAND, robust demand, and the company's advancements in high-margin areas such as HBM and data center SSDs. Analysts anticipate further price hikes and revenue growth, particularly from HBM and SSD sales, into fiscal 2024 and beyond.

Portfolio Pulse from Priya Nigam

March 21, 2024 | 4:57 pm

NVO

The European Medicines Agency's Committee for Medicinal Products for Human Use recommended marketing authorization for Novo Nordisk's Awiqli, a once-weekly basal insulin icodec, for diabetes in adults. This recommendation is a significant step towards the commercialization of Awiqli in Europe, potentially improving diabetes management for patients.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:50 pm