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TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 15 years by 1.8% on an annualized basis, producing an average annual return of 12.03%. If an investor had bought $1000 of TEL stock 15 years ago, it would be worth $5,267.42 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:30 pm

AAPL

AMZN

MSFT

TGT

Amazon is under scrutiny for a secret algorithm, 'Project Nessie', allegedly used to manipulate prices. The FTC has included these allegations in its monopoly lawsuit against Amazon. The algorithm, no longer in use, was reportedly instrumental in enhancing Amazon's profits. It also led competitors to inflate their prices. When competitors like Target offered discounts, Amazon would match these lower prices. The FTC indicates that Project Nessie 'extracted' a significant amount from American households and generated an undisclosed amount of 'excess profit' for Amazon.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 6:29 pm

QURE

An option alert has been issued for uniQure (QURE) for January 19 $7.5 calls. The sweep is near the ask with 2000 @ $0.596 versus 273 open interest. The company's earnings are expected to be announced on November 1 before the market opens.

Portfolio Pulse from Charles Gross

October 03, 2023 | 6:29 pm

ODD

Truist Securities analyst Youssef Squali upgraded the rating on ODDITY Tech Ltd (NASDAQ:ODD) to Buy from Hold and maintained a price target of $54. The upgrade is based on the company's positive pre-announced Q3 FY23 results and raised outlook for net revenue growth and gross margin. The analyst expects the company to witness revenue growth of 49.7% y/y in FY23.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 6:28 pm

STZ

Wedbush analyst Gerald Pascarelli has reiterated an Outperform rating on Constellation Brands Inc (STZ) and raised the price target from $275 to $300. The analyst added STZ to the Wedbush Best Ideas List (BIL). STZ is expected to report 2Q FY24 earnings on October 5. The analyst predicts a beer revenue growth of 9.7% for the quarter and expects margins to improve in the back half of the year. The recent partnership with Elliott Management is also expected to strengthen the company's corporate governance structure.

Portfolio Pulse from Shivani Kumaresan

October 03, 2023 | 6:26 pm

RITM

SCU

A consortium of investors led by Boaz Weinstein, including William Ackman and Marc Lasry, has increased their bid for Sculptor Capital Management (NYSE:SCU), challenging the standing agreement with Rithm Capital Corp (NYSE:RITM). The new offer, at approximately $13 per share, is a 60-cent increase from the initial proposal. This development puts the consortium in a strong position to take control over Sculptor. SCU shares are up 7.12% at $12.19.

Portfolio Pulse from Vandana Singh

October 03, 2023 | 6:25 pm

RCL

Morgan Stanley has lowered its price target on Royal Caribbean from $100 to $95. This news, along with rising Treasury yields, has led to a decrease in Royal Caribbean's stock price.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 6:23 pm

LLY

Eli Lilly and Company (LLY) announced the acquisition of POINT Biopharma for approximately $1.4 billion, causing its shares to trade lower. The transaction is expected to close by the end of 2023.

Portfolio Pulse from Ryan Gustafson

October 03, 2023 | 6:16 pm

DLA

Delta Apparel (DLA) has received an unsolicited offer to purchase its Salt Life business, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:15 pm

EQNR

LPG

MPC

PAA

PBF

PSX

VLO

Energy stocks are trading lower despite a rise in crude futures. This is happening in the context of a general market downturn due to rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:08 pm