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MDT

Medtronic Plc (NYSE:MDT) has recalled certain implantable cardioverter defibrillators (ICDs) and cardiac resynchronization therapy defibrillators (CRT-Ds) due to a risk of low or no energy output during high voltage therapy. The FDA has classified this as a Class I recall, the most serious type. The recall impacts around 350k devices manufactured after 2017. Medtronic has reported 28 incidents and 22 injuries related to this issue. MDT shares are down 0.95% at $85.89.

Portfolio Pulse from Vandana Singh

July 18, 2023 | 4:44 pm

BOH

CBU

GS

LPLA

Bank stocks are trading higher following strong earnings reports from multiple companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:40 pm

ZM

Zoom has announced partnerships with Anthropic AI and OpenAI, and is expanding its AI approach with Meta's new, open LLaMA2 model. This news has led to an increase in Zoom's share price.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 4:40 pm

SPY

Tom Lee from Fundstrat predicts that the S&P 500 will trade well above all-time highs this year, possibly reaching 5,000. He believes that strong earnings and lower inflation are key factors for this to happen. He also anticipates a 0.25% rate hike from the Federal Reserve, which he thinks the market has already priced in. The SPDR S&P 500 ETF Trust (NASDAQ:SPY), which tracks the S&P 500 index, is up more than 2.2% over the last week and more than 18% for the year.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 4:34 pm

UNH

UnitedHealth Group Incorporated's stock has been upgraded from Market Perform to Outperform by Bernstein, which also raised its price target from $595 to $603. This has led to an increase in the trading of UnitedHealth shares.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 4:34 pm

WMG

Warner Music Group Corp. (NASDAQ:WMG) has expanded its agreement with TikTok, licensing the repertoire of Warner Recorded Music and Warner Chappell Music to TikTok and its related platforms. The deal is expected to create new revenue avenues, marketing, and insights opportunities for artists and songwriters. It also includes a licensing deal for TikTok Music, a premium subscription streaming service recently launched in Indonesia and Brazil. WMG shares are trading higher by 0.86% to $29.77.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 4:31 pm

QCOM

Over the past 20 years, Qualcomm (NASDAQ:QCOM) has outperformed the market by 1.91% on an annualized basis, producing an average annual return of 9.75%. If an investor had bought $100 of QCOM stock 20 years ago, it would be worth $653.32 today.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:30 pm

TTE

TotalEnergies's (NYSE:TTE) short percent of float has risen 9.09% since its last report, with 2.88 million shares sold short, which is 0.12% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, TotalEnergies's peer group average for short interest as a percentage of float is 1.71%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:30 pm

CHEK

Trading of Check-Cap shares has resumed.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 4:30 pm

MRNA

Moderna's (NYSE:MRNA) short percent of float has fallen 4.22% since its last report, with 17.56 million shares sold short, which is 6.13% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Moderna's short interest as a percentage of float is higher than its peer group average of 3.33%.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 4:30 pm