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PFE

SGEN

Seagen's stock price has risen following the announcement that Pfizer has received all necessary regulatory approvals to complete the acquisition of Seagen.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:31 pm

CELH

MNST

MSFT

Rep. Josh Gottheimer disclosed large transactions in Microsoft Corporation (NASDAQ:MSFT) options, raising concerns due to his previous employment at Microsoft and his current position on financial committees. Gottheimer's trades included buying and selling MSFT calls with values ranging from $1 million to $25 million. He also sold shares of Monster Beverage Corporation (NASDAQ:MNST) and purchased shares of Celsius Holdings (NASDAQ:CELH). These actions come despite his promise to put his assets in a blind trust and multiple violations of the STOCK Act.

Portfolio Pulse from Chris Katje

December 12, 2023 | 7:28 pm

ACHV

ADTX

CCCC

GGE

ICVX

JCI

ORCL

U.S. stocks closed higher with the Dow Jones gaining over 100 points. Materials shares rose by 0.5%, while energy shares fell by 1.7%. Johnson Controls reported Q4 results with sales growth of 2.7% Y/Y to $6.91 billion, missing estimates. Aditxt's shares surged 64% after agreeing to acquire Evofem Biosciences. C4 Therapeutics shares jumped 108% due to a collaboration agreement with Merck & Co. Icosavax shares increased 48% after AstraZeneca's acquisition announcement. Conversely, Achieve Life Sciences shares fell 42%, Oracle shares dropped 12%, and Green Giant shares declined 44%. Crude oil was down 4.1%, and gold slightly increased by 0.1%.

Portfolio Pulse from Avi Kapoor

December 12, 2023 | 7:23 pm

HOOD

SCHW

SPY

SQQQ

TQQQ

Retail investing has surged in 2023, with a significant number of new brokerage accounts opened since 2020. Despite a drop in users for platforms like Robinhood, many investors have moved to brokers like Fidelity and Charles Schwab. Retail trading volume hit a record $1.51 billion daily in February 2023. Public's data shows retail investors diversifying into ETFs and fixed-income assets, with ProShares UltraPro Short QQQ ETF, ProShares UltraPro QQQ, and SPDR S&P 500 ETF Trust being the top traded ETFs.

Portfolio Pulse from Natan Ponieman

December 12, 2023 | 7:20 pm

ILMN

Illumina Inc (NASDAQ:ILMN) is in a legal dispute with the European Commission over its $7.1 billion acquisition of Grail Inc. The Commission is using Article 22 to scrutinize the deal, which allows it to review acquisitions of smaller rivals by larger companies, even if they don't meet the EU merger revenue threshold. Illumina's challenge to the EU's decision to block the deal was unsuccessful in a lower tribunal last year. The Court of Justice of the European Union (CJEU) will receive a non-binding opinion on March 21, with a ruling expected in about six months. Illumina has also submitted a draft registration statement for the potential divestiture of GRAIL to the SEC under an order from the European Commission. Illumina's stock (ILMN) saw a slight increase of 0.19% to $117.86.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 7:12 pm

ODC

Oil-Dri Corporation of America (ODC) shares have risen following the announcement of improved year-over-year financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 7:12 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 15.42%, outperforming the market by 3.96% on an annualized basis. A $1000 investment in AXP 15 years ago would be worth $8,483.30 today. American Express currently has a market cap of $123.14 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 7:01 pm

UNIUSD

Uniswap's cryptocurrency UNI has seen a 4.19% increase in price over the last 24 hours, reaching $6.23, despite a 2.0% decline over the past week. The coin's all-time high is $44.92. Trading volume has decreased by 56.0% over the past week, while the circulating supply has risen by 0.4% to 753.77 million, which is 75.38% of the max supply. UNI's market cap is currently ranked #21 at $4.70 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 7:00 pm

Electronic Arts (NASDAQ:EA) has received 8 analyst ratings in the last quarter, with an average 12-month price target of $149.62, a high of $162.00, and a low of $139.00. The ratings include 2 bullish, 2 somewhat bullish, and 4 indifferent. The average price target has increased by 5.61% over the past month. Analysts rate stocks based on future earnings potential and company risk profile, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 7:00 pm

CRM

Salesforce Inc. (NYSE:CRM) stock price dropped by 0.42% to $251.03 in the current market session, despite a 15.30% increase over the past month and an 89.25% rise over the past year. The company's P/E ratio of 95.86 is lower than the Software industry average of 146.02, which could suggest that Salesforce is undervalued or expected to perform worse than its peers.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 7:00 pm