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AAPL

The article provides a comprehensive comparison of Apple Inc. (NASDAQ:AAPL) against its competitors in the Technology Hardware, Storage & Peripherals industry. Key financial metrics such as P/E, P/B, P/S, ROE, EBITDA, and revenue growth are analyzed to highlight Apple's market position and growth prospects.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 3:00 pm

RELI

Reliance Global shares are trading higher after the company announced that it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting an increase in annualized revenue to approximately $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:53 pm

UNH

The Centers for Medicare and Medicaid Services (CMS) will end the advance payments program initiated after a cyberattack on UnitedHealth Group's Change Healthcare unit. The program, which provided over $3.2 billion in accelerated and advance payments to Medicare providers and suppliers, will stop accepting new applications after July 12. CMS has recovered over 96% of these payments, and providers are now billing Medicare successfully. UnitedHealth has provided over $6 billion in support to care providers affected by the cyberattack.

Portfolio Pulse from Vandana Singh

June 18, 2024 | 2:52 pm

BTCUSD

SPY

Jim Bianco from Bianco Research claims that most Bitcoin ETF buyers are retail investors, not institutional ones. This is evidenced by the small average trade size of $14,600. Retail investors are more likely to panic sell, potentially increasing market volatility. Recent trends show Bitcoin ETF outflows and falling prices, with the next significant event being the FOMC meeting on July 31.

Portfolio Pulse from Khyathi Dalal

June 18, 2024 | 2:49 pm

GLW

Corning Incorporated (NYSE:GLW) has announced a collaboration with the National Institute for Bioprocessing Research and Training (NIBRT) to integrate its Ascent® Fixed Bed Bioreactor System into NIBRT's training programs. This partnership aims to accelerate cell therapy development and expand Corning's presence in the European life sciences market.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:48 pm

AMZN

CVS

VCR

WBA

XLY

Amazon has expanded its Prime RxPass subscription service to over 50 million Medicare beneficiaries, promising significant savings and convenience. This move could lead to a nearly $2 billion reduction in Medicare spending if all eligible beneficiaries switch to RxPass. The service aims to improve medication adherence and health outcomes, while competing with established players like CVS Health and Walgreens Boots Alliance.

Portfolio Pulse from Shivani Kumaresan

June 18, 2024 | 2:44 pm

BLK

BlackRock (NYSE:BLK) has significantly outperformed the market over the past 20 years, achieving an average annual return of 13.43%. A $100 investment in BlackRock 20 years ago would be worth $1,248.01 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:30 pm

AMAT

Applied Materials (NASDAQ:AMAT) has significantly outperformed the market over the past 15 years, delivering an average annual return of 23.14%. A $100 investment in AMAT 15 years ago would be worth $2,309.14 today. The company's current market capitalization is $202.85 billion.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 2:30 pm

SNAP

Snap Inc. has launched advanced AI tools for augmented reality, enhancing its Lens Studio to allow developers to create more realistic and complex AR effects. This move aims to attract new users and advertisers to Snapchat.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 2:30 pm

JPM

JP Morgan's Co-CEO Troy Rohrbaugh presented at Morgan Stanley's Financial Conference, discussing the integration of their corporate and investment bank with the commercial bank into a new segment called CIB. Key points included growth strategies, market share, and the potential of the private credit business. The outlook suggests challenges in wallet share growth and increased competition from nonbank financials.

Portfolio Pulse from Tornado

June 18, 2024 | 2:24 pm