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CNC

Centene (NYSE:CNC) has outperformed the market over the past 15 years, producing an average annual return of 19.64%. If an investor had bought $100 of CNC stock 15 years ago, it would be worth $1,411.09 today.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 2:30 pm

BTCUSD

MARA

Marathon Digital Holdings Inc (NASDAQ:MARA) reported a 16% increase in Bitcoin production in September, driven by improved uptime and decreased curtailment activity at its Texas facility. The company's U.S. average operational hash rate increased 20% month-over-month. Marathon Digital also reported a higher percentage of total miner rewards available on the Bitcoin network. The company is considering expansion to international locations with low-cost renewable energy and plans to announce specifics in the coming weeks. Marathon sold 800 Bitcoin last month to support operations and held a total of 13,726 unrestricted Bitcoin as of September 30.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 2:29 pm

META

Meta Platforms Inc (NASDAQ:META) has introduced new realistic metaverse avatars that could potentially be used to interact with deceased loved ones. However, CEO Mark Zuckerberg has expressed caution about the potential for such interactions to become unhealthy. The company's Reality Labs division, which lost $13.72 billion in 2022, is focusing on efficiency in 2023. Meta's shares have risen more than 150% year-to-date. The company's new Quest 3 AR/VR headset and avatar technology are garnering attention.

Portfolio Pulse from Adam Eckert

October 04, 2023 | 2:29 pm

MKC

McCormick & Company reported Q3 sales of $1.684 billion, missing the analyst consensus estimate of $1.70 billion. The company reaffirmed FY23 revenue growth guidance of 5%-7% and raised FY23 adjusted EPS outlook to $2.62-$2.67 from $2.60-$2.65. Following the earnings announcement, B of A Securities and Stifel lowered their price targets on McCormick. McCormick shares fell 8.5% to close at $68.40 on Tuesday.

Portfolio Pulse from Lisa Levin

October 04, 2023 | 2:26 pm

PODD

Insulet Corporation announced a CFO transition and reaffirmed its Q3 and FY23 guidance. This news led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:24 pm

FRLN

Freeline Therapeutics Holdings plc (NASDAQ:FRLN) reported initial data from its ongoing Phase 1/2 GALILEO-1 trial of FLT201, a gene therapy candidate for Gaucher disease. The data showed favorable safety and tolerability, with no serious adverse events. Both patients treated showed several hundred-fold increases in GCase activity, a key enzyme deficient in Gaucher disease. Following the news, FRLN shares are up 5.05%.

Portfolio Pulse from Vandana Singh

October 04, 2023 | 2:23 pm

RUN

Sunrun's stock has been downgraded from Buy to Hold by Truist Securities, which also lowered its price target from $30 to $12. This has resulted in Sunrun shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:23 pm

ONON

On Holding has announced its three-year financial outlook and reiterated its FY23 outlook. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:22 pm

SPY

The U.S. services sector growth moderated in September due to elevated interest rates and uncertainty related to the risk of a government shutdown. The ISM Services PMI dropped by 0.9 percentage points to 53.6, indicating the ninth consecutive month of growth. The slowdown was primarily driven by a decline in the employment and new orders subindices. The SPDR S&P 500 ETF Trust (NYSE:SPY) was flat for the day.

Portfolio Pulse from Piero Cingari

October 04, 2023 | 2:20 pm

LAC

Lithium Americas has announced the completion of its separation into two independent public companies, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 2:17 pm