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ELAN

ZTS

Elanco Animal Health's new dermatology treatment, Zenrelia, received FDA approval for treating itchy dogs. Despite its efficacy, concerns about label warnings and adverse events may affect its market adoption. Elanco's stock fell 4.18% following the news.

Portfolio Pulse from Vandana Singh

September 20, 2024 | 2:35 pm

FDX

UPS

FedEx reported a challenging first quarter with a sharp fall in profits due to weak demand for high-margin delivery services, leading to an 11% drop in its share price. The company lowered its annual revenue forecast and is undergoing a complex restructuring to cut costs and improve efficiencies. UPS shares also fell by 2.5% as it faces similar demand shifts.

Portfolio Pulse from Upwallstreet

September 20, 2024 | 2:34 pm

EXC

Exelon shares rise as Jefferies initiates coverage with a Buy rating and a $46 price target. UBS also raises its price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 2:32 pm

SPOT

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years with an average annual return of 25.48%, resulting in a $1000 investment growing to $2,987.17. This highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 2:30 pm

ANET

Arista Networks (NYSE:ANET) has significantly outperformed the market over the past 5 years, with an annualized return of 44.75%. A $100 investment in ANET 5 years ago would now be worth $628.39, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 2:30 pm

MSFT

OpenAI, backed by Microsoft, is raising $5 billion in a funding round valuing it at $150 billion. Thrive Capital has invested $1 billion. The company aims to become a trillion-dollar entity, but some investors are cautious about returns.

Portfolio Pulse from Benzinga Neuro

September 20, 2024 | 2:30 pm

TNON

Tenon Medical Inc (NASDAQ:TNON) shares surged by 21.3% after announcing the issuance of three notices of allowance for patent applications related to SI joint prostheses. These patents are expected to enhance Tenon's intellectual property portfolio, supporting the commercialization of its Catamaran SI Joint Fusion System.

Portfolio Pulse from Henry Khederian

September 20, 2024 | 2:29 pm

CEG

FSLR

MSFT

PWR

QQQ

SPY

VST

The article discusses the revival of nuclear power driven by AI's energy demands, highlighting Constellation Energy Corp's (CEG) role in this trend. Microsoft (MSFT) is signing a power purchase agreement with CEG, which plans to restart Three Mile Island Unit 1. The article also mentions the impact of quad witching on the stock market and provides insights into money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

September 20, 2024 | 2:29 pm

IPW

iPower shares declined following the release of disappointing Q4 revenue results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 2:26 pm

PBF

PBF Energy's stock is experiencing a decline following a downgrade by Piper Sandler from Neutral to Underweight, with a significant reduction in the price target from $47 to $25.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 2:22 pm