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AJG

Arthur J. Gallagher (NYSE:AJG) has delivered an average annual return of 17.23% over the past 10 years, outperforming the market by 7.3% on an annualized basis. With a current market cap of $48.58 billion, a $1000 investment in AJG stock a decade ago would be worth $4,909.35 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

COR

Cencora (NYSE:COR) has delivered an average annual return of 22.8% over the past 5 years, outperforming the market by 8.42% on an annualized basis. A $100 investment in COR 5 years ago would be worth $274.50 today. Cencora's market capitalization currently stands at $40.13 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a 4.03% price drop in the last 24 hours, continuing a weekly downward trend with a 6.0% loss. Trading volume has decreased by 60%, and the circulating supply has slightly declined. Despite the dip, Dogecoin maintains the #11 market cap rank.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 3:00 pm

AAPL

Investor Business Daily's SwingTrader has reportedly sold shares of Apple (AAPL), which may indicate a shift in their trading strategy or response to market conditions.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 2:58 pm

CLF

Cleveland-Cliffs, Inc. (NYSE:CLF) stock is trading higher after the company commented on the proposed acquisition of U.S. Steel by Nippon Steel. CEO Lourenco Goncalves highlighted U.S. Steel's undervaluation and synergy potential with Cleveland-Cliffs, expressing that the sector is undervalued and a re-rating for Cleveland-Cliffs is overdue. The company has reached its net debt target and plans to prioritize aggressive share buybacks. CLF shares have risen 19% over the past month and are up 8.8% at $20.34.

Portfolio Pulse from Erica Kollmann

December 18, 2023 | 2:57 pm

AAPL

Apple Inc. is set to halt sales of the Apple Watch Series 9 and Ultra 2 in the U.S. due to an ITC import ban effective after December 21st, stemming from a patent dispute with Masimo over the SpO2 sensor. The ban is under presidential review, with a decision due by December 25th. Apple disagrees with the order and is exploring legal and technical options to keep the products available to U.S. customers.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:56 pm

CPNG

FTCH

Coupang Inc (NYSE:CPNG) announced its intention to acquire Farfetch Ltd (NYSE:FTCH), an online luxury company. The acquisition aims to make Coupang a dominant player in the $400 billion global personal luxury goods market by combining Coupang's operational efficiency with Farfetch's luxury expertise. Farfetch will gain access to $500 million in capital to enhance its technology and expand its reach. Coupang's stock remains flat at $16.87 following the news.

Portfolio Pulse from Henry Khederian

December 18, 2023 | 2:51 pm

FREY

Freyr Battery (NYSE:FREY) shares are trading higher after the company announced shareholder approval for redomiciling from Luxembourg to the United States by the end of 2023. The move is expected to enhance shareholder value by opening up strategic opportunities. Additionally, the U.S. Department of Energy invited Freyr to submit a Part II loan application for its Giga America project, which is seen as a significant step in funding the project. The company will continue to work on the DOE Title 17 process in 2024 and will provide updates as necessary.

Portfolio Pulse from Adam Eckert

December 18, 2023 | 2:50 pm

CKPT

Checkpoint Therapeutics Inc (CKPT) stock plummeted by 52.7% after receiving a complete response letter (CRL) from the FDA, which highlighted issues with a third-party manufacturer's inspection for their skin cancer treatment, cosibelimab. The CRL did not raise concerns about the treatment's effectiveness or safety. Checkpoint is optimistic about addressing the FDA's concerns and plans to launch cosibelimab in 2024.

Portfolio Pulse from Henry Khederian

December 18, 2023 | 2:48 pm

ILMN

Carl Icahn has issued an open letter to Illumina, Inc. shareholders, outlining his campaign's goals and achievements, including the removal of the former Chairman and CEO, and pushing for the divestiture of GRAIL. He criticizes the legacy directors for their decision-making and the significant decline in Illumina's share price. Icahn expresses concern over the directors' conflicts of interest and their handling of the GRAIL acquisition, which faced legal challenges and led to substantial financial losses. He urges the removal of these directors to restore Illumina's former success and has filed a lawsuit for disclosure of key information before the upcoming annual meeting.

Portfolio Pulse from Happy Mohamed

December 18, 2023 | 2:47 pm