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AZN

BMY

A U.S. District Judge has upheld a key initiative of President Joe Biden, allowing Medicare to negotiate prescription drug prices. The U.S. Chamber of Commerce had filed a lawsuit against this policy, arguing it infringes on constitutional rights and could hinder pharmaceutical innovation. However, AstraZeneca Plc (NASDAQ:AZN), Bristol Myers Squibb & Co (NYSE: BMY), and Boehringer Ingelheim have agreed to participate in the initial round of Medicare drug price negotiations.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 2:54 pm

AAPL

META

MSFT

NVDA

QQQ

SPY

TSLA

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, META, and TSLA. The analysis is based on a proprietary formula considering price, volume, and options flow. The memo provides potential bullish and bearish scenarios for each stock, suggesting traders to monitor these stocks closely and adjust their tactics based on the market's pulse.

Portfolio Pulse from RIPS

October 02, 2023 | 2:50 pm

CLX

Clorox Co (NYSE:CLX) is recovering from a cyberattack that had crippled its operations. The company's shares spiked after it announced that all manufacturing sites were operational again. Analyst Linda Bolton Weiser from DA Davidson upgraded the rating for Clorox from Neutral to Buy, while keeping the price target unchanged at $152. The earnings estimate for fiscal 2024 and 2025 have been reduced due to the cyberattack's impact.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 2:47 pm

GROW

US Global Investors (NASDAQ:GROW) announced it will pay a monthly dividend of 0.75 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 0.75 cents lower. Shareholders who own GROW as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on October 23, 2023.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

FERG

Ferguson (NYSE:FERG) announced it will pay a quarterly dividend of 75 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 75 cents lower. Shareholders who own FERG as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 15, 2023.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

ELP

Cia Paranaense De Energia's (NYSE:ELP) short percent of float has risen 5.56% since its last report, with 1.26 million shares sold short, which is 0.38% of all regular shares available for trading. It would take traders 2.1 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.25%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

MCD

McDonald's (NYSE:MCD) has seen an increase in its short percent of float by 11.63% since its last report, with 6.95 million shares sold short. This represents 0.96% of all regular shares available for trading. The rise in short interest could indicate a bearish market sentiment towards McDonald's. However, compared to its peers, McDonald's has less short interest as a percentage of float, with an average of 9.18%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

ROST

Ross Stores's (NYSE:ROST) short percent of float has risen 10.19% since its last report, with 3.39 million shares sold short. This is 1.19% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Ross Stores's short interest as a percentage of float is less than its peer group average of 15.85%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

CCOI

KT

NCMI

VZ

WB

The article provides an overview of value stocks in the communication services sector, highlighting Weibo (NASDAQ:WB), KT (NYSE:KT), National CineMedia (NASDAQ:NCMI), Verizon Communications (NYSE:VZ), and Cogent Comms Hldgs (NASDAQ:CCOI). All these companies have low P/E multiples, indicating they may be undervalued. The companies have also reported increases in earnings per share and dividend yields in Q2 compared to Q1.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:45 pm

ARCT

CALC

FWBI

INVA

PNT

The article discusses value stocks in the healthcare sector, which are traditionally undervalued. The companies mentioned include First Wave BioPharma, Arcturus Therapeutics, CalciMedica, POINT Biopharma Global, and Innoviva. All these companies have seen a decrease in their earnings per share recently.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:43 pm