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REGN

VTRS

Regeneron Pharmaceuticals Inc (NASDAQ:REGN) won a lawsuit against Viatris Inc (NASDAQ:VTRS) over its Eylea patent, which, along with strong Dupixent sales and potential in the COPD market, has led BMO Capital Markets analyst Brian Abrahams to upgrade REGN from Sector Perform to Outperform with a new price target of $1,076. Abrahams anticipates Dupixent sales to reach $14.0 billion in 2024, surpassing consensus estimates. The recent patent win for Eylea and promising oncology programs like linvo and fianlimab are also positive indicators for REGN's stock. Following the news, REGN shares rose by 1.50% to $929.68.

Portfolio Pulse from Priya Nigam

January 12, 2024 | 3:18 pm

SPY

USO

The U.S. has imposed counterterrorism sanctions on four oil tankers as part of its efforts to combat terrorism. The sanctions are aimed at disrupting the financial networks that support terrorist activities. The specific details of the sanctions, such as the names of the tankers or the regions they operate in, were not provided in the summary. However, the sanctions could potentially affect the oil market and related ETFs like SPY and USO, which track sectors including energy and oil.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:16 pm

CHK

Chesapeake Energy's stock (CHK) is trading higher following upgrades to bullish ratings by Citigroup and Mizuho. The rise is also in line with a broader increase in energy stocks, which is attributed to supply uncertainty stemming from Middle East conflict.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:15 pm

COIN

MARA

MSTR

The launch of Bitcoin spot ETFs in the US is expected to impact traditional crypto stocks like Coinbase (COIN), Marathon Digital (MARA), and MicroStrategy (MSTR). While ETFs provide direct Bitcoin exposure, they may reduce investor interest in crypto equities. The upcoming Bitcoin halving event could further affect miner profitability. Despite potential challenges, some industry players remain positive about the market expansion due to ETFs. JPMorgan notes that mining stocks may face headwinds as they are currently trading at near all-time highs.

Portfolio Pulse from Murtuza Merchant

January 12, 2024 | 3:13 pm

BK

Bank of New York Mellon (BK) shares are up following the release of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:10 pm

RMD

The FDA has classified ResMed Ltd's (NYSE:RMD) recall of certain CPAP masks with magnets as a Class I recall, the most serious type. The magnets may interfere with certain medical devices, potentially causing serious harm or death. ResMed is updating labels to include more warnings and has recalled over 20 million devices in the U.S. since November 20, 2023. There have been six reported injuries but no deaths. RMD shares dropped 0.47% to $177.06.

Portfolio Pulse from Vandana Singh

January 12, 2024 | 3:07 pm

TWLO

Twilio Inc. shares have risen following an upgrade by Piper Sandler from Neutral to Overweight, with an increased price target from $75 to $82.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 3:06 pm

CTRE

MPW

CareTrust REIT (NYSE:CTRE) distributed a dividend of $0.28 per share, with an annualized yield of 4.99%. The dividend reflects a positive growth pattern from 2020 to 2023, with dividends per share increasing from $1.00 to $1.12 and earnings per share growing from $1.36 to $1.43. CareTrust REIT's financial health appears strong, and it is positioned in the middle of its industry peers in terms of dividend yield, with Medical Properties Trust (NYSE:MPW) having the highest yield at 24.93%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm

ALCO

LND

Alico, Inc. (NASDAQ:ALCO) has paid out a dividend of $0.05 per share, with an annualized yield of 0.67%. The dividend payout has decreased significantly from $0.50 in 2021 to $0.05 in 2023. Alico's earnings per share have also declined from $0.23 in 2020 to $-3.22 in 2023, indicating financial challenges and raising concerns about future dividend sustainability. In comparison, Brasilagro - Cia Bras (NYSE:LND) offers a higher annualized dividend yield of 12.76%, outperforming Alico in terms of yield.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm

EMBC

XRAY

Dentsply Sirona (NASDAQ:XRAY) is set to distribute a dividend of $0.14 per share with an annualized yield of 1.65%. The company has shown a consistent increase in dividend per share from $0.40 in 2020 to $0.56 in 2023, and an increase in earnings per share from $1.65 in 2020 to $1.85 in 2023. This suggests a strong financial position and the potential for continued dividend growth. Embecta (NASDAQ:EMBC) has the highest annualized dividend yield in the industry at 3.41%.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 3:05 pm