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EW

Edwards Lifesciences (NYSE:EW) has delivered an average annual return of 18.65% over the past 20 years, outperforming the market by 11.1% annually. A $1000 investment in EW 20 years ago would now be worth $30,792.45. The company's current market capitalization stands at $46.19 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:30 pm

CLF

X

Cleveland-Cliffs' CEO Lourenco Goncalves commented on the proposed acquisition of U.S. Steel by Nippon Steel, expressing that U.S. Steel's decision validates Cleveland-Cliffs' view of the undervaluation in the steel sector. Goncalves highlighted Cleveland-Cliffs' achievement of its net debt target and announced a shift in capital allocation towards more aggressive share buybacks.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:27 pm

BMRA

Biomerica Inc (NASDAQ:BMRA) has received FDA 510(k) clearance for its Hp Detect Stool Antigen ELISA test, which is used to detect H. pylori bacteria, a major cause of gastric cancer. This approval is significant as H. pylori affects about 35% of the U.S. population and is linked to over 80% of gastric cancers. The news has led to a 57.58% increase in BMRA's stock price in premarket trading.

Portfolio Pulse from Vandana Singh

December 18, 2023 | 2:24 pm

SNYB

Shiny Health & Wellness Corp. has signed an asset purchase agreement to acquire 10 Stash & Co. adult-use cannabis retail stores in Ontario, which are expected to add approximately CA$10 million ($7.5 million) to its top line. The stores will retain the Stash & Co. brand and trademark. The transaction includes a total consideration of CA$1 million, with CA$800,000 in cash and CA$200,000 in common shares. Shiny Health's shares rose 6.6667% to $0.08 after the announcement.

Portfolio Pulse from Jelena Martinovic

December 18, 2023 | 2:24 pm

FTCH

Shares of Farfetch were halted after experiencing a significant drop of 34.7%. The halt is a mechanism to manage volatility and protect investors. The sharp decline in stock price could be due to various factors such as disappointing earnings, negative news, or broader market conditions. Investors should seek more information to understand the reasons behind the halt and the sell-off.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:22 pm

COSM

Cosmos Health Inc. CEO, Mr Greg Siokas, plans to buy up to $3M of COSM common shares in the open market by the end of 2024. He has already invested $1M in 2023 and over $15M since inception. Siokas believes the stock is undervalued and sees current prices as an opportunity to increase his stake, especially with the company's growth prospects, R&D initiatives, and potential spinoff of its R&D department.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:19 pm

UL

Unilever PLC (NYSE:UL) has received a binding offer from Yellow Wood Partners LLC to purchase its Elida Beauty business, which includes over 20 brands and generated approximately €0.8 billion in 2022 revenue. The sale is part of Unilever's strategy to optimize its Personal Care portfolio and focus on growing its Power Brands. The transaction is expected to close by mid-2024, pending regulatory approval and other customary conditions. Unilever's stock (UL) saw a slight increase of 0.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

December 18, 2023 | 2:18 pm

UTZ

Piper Sandler analyst Michael Lavery has maintained an Overweight rating on Utz Brands (NYSE:UTZ) and increased the price target from $17 to $18. This suggests a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:16 pm

GSK

GSK (NYSE:GSK) has seen a 22.22% decrease in short interest since the last report, with 2.77 million shares sold short, representing 0.14% of available shares. The average time to cover these short positions is 1.02 days. Short interest is a market sentiment indicator, and GSK's short interest is below its peer group average of 4.38%. This decline in short interest does not necessarily predict a rise in GSK's stock price.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:15 pm

ETN

Eaton Corp (NYSE:ETN) has seen a 10.08% decrease in short interest, with 4.61 million shares sold short, representing 1.16% of available shares. The average time to cover these short positions is 2.91 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Eaton Corp's short interest is below its peer group average of 12.29%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 2:15 pm