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DHR

Over the past 10 years, Danaher (NYSE:DHR) has outperformed the market by 6.24% on an annualized basis, producing an average annual return of 15.75%. If an investor had bought $1000 of DHR stock 10 years ago, it would be worth $4,335.70 today. Danaher currently has a market capitalization of $154.70 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 2:30 pm

JD

Bernstein analyst Robin Zhu has downgraded JD.com from Outperform to Market Perform and lowered the price target from $55 to $31.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:30 pm

CCI

RBC Capital analyst Jonathan Atkin has downgraded Crown Castle (NYSE:CCI) from Outperform to Sector Perform and lowered the price target from $125 to $100.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:26 pm

WE

WeWork Inc (NYSE:WE) has appointed David Tolley as its CEO. Tolley has been a WeWork Board member since February 2023 and interim CEO since May 2023. The company is in the process of executing a strategic plan to reduce rent expenses and drive operational efficiency. WeWork's stock price, which had plummeted to less than $1 per share earlier in 2023, is now trading higher by 1.77% at $2.40.

Portfolio Pulse from Shivani Kumaresan

October 16, 2023 | 2:23 pm

AZN

AstraZeneca's supplemental New Drug Application for Tagrisso in combination with chemotherapy has been granted Priority Review by the FDA for locally advanced or metastatic non-small cell lung cancer (NSCLC). The FDA decision is expected in Q1 2024. The application is based on data from the FLAURA2 Phase 3 trial, which showed that the combination reduced the risk of disease progression or death by 38% compared to Tagrisso alone. AstraZeneca's shares are up 0.04% at $67.36.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:20 pm

WHD

B of A Securities has downgraded Cactus (NYSE:WHD) from Neutral to Underperform, while raising the price target from $46 to $47.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:17 pm

MAXN

B of A Securities analyst Julien Dumoulin-Smith has downgraded Maxeon Solar Technologies (NASDAQ:MAXN) from Buy to Neutral and lowered the price target from $31 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:15 pm

F

Ford's Chair has called for a resolution to the ongoing UAW strike, warning that the supply base will start to collapse if the strike continues.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:11 pm

APPL

BYDDF

DIDIY

LI

TSLA

XPEV

Analysts predict a potential spike in the stock price of China's largest EV maker, BYD Company Limited (OTC:BYDDF) (OTC:BYDDY), due to rising sales, improving margins, and rapid overseas expansion. Despite underperforming compared to peers like Tesla Inc (NASDAQ:TSLA), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI), BYD is seen as undervalued. The company's battery business, which supplies many EV manufacturers and holds 16% of the global EV battery market, has helped maintain profit margins over 18%. DBS Bank and Livy Investment Research have bullish outlooks for BYD, citing strong vehicle sales, a net cash balance of $8.4 billion, partnerships with companies like Apple Inc (NASDAQ:APPL), and a solid overseas market strategy.

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 2:09 pm

BLK

Bitcoin spiked on unverified reports of the approval of an iShares Bitcoin ETF, which BlackRock, the owner of iShares, has denied. The company's Bitcoin ETF application is still under review. Bitcoin had spiked by as much as 9.5% after the report but gave back gains. It is up 3.3% at $28,062 at the time of publication.

Portfolio Pulse from Mohit Manghnani

October 16, 2023 | 2:08 pm