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AMGN

SNY

The US Supreme Court has ruled in favor of Sanofi (NASDAQ:SNY) in the Amgen v. Sanofi case, affirming that Amgen's asserted PCSK9 patent claims are invalid. This decision supports scientific innovation and prevents potential increases in drug prices.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 3:57 pm

WKME

WalkMe shares are trading higher due to continued upward momentum after the company reported better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 3:56 pm

ANET

CSCO

JNPR

Cisco Systems reported better-than-expected fiscal Q3 earnings, but analysts maintain caution due to a 23% YoY decline in orders and concerns about organic demand trends. Peers like Arista Networks and Juniper Networks may be gaining market share in certain segments.

Portfolio Pulse from Priya Nigam

May 18, 2023 | 3:54 pm

BABA

Alibaba reported better-than-expected Q4 earnings with $1.56 EPS on revenues of $30.316 billion, beating consensus estimates. The company plans to spin off its cloud division and list it as an independent company. Alibaba's stock fell more than 5% but started to bounce back, potentially forming a cup-and-handle pattern on the daily chart.

Portfolio Pulse from Melanie Schaffer

May 18, 2023 | 3:53 pm

AEM

GOLD

NEM

WPM

Precious metals stocks are trading lower due to optimism surrounding the US debt ceiling, causing a pullback in safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

May 18, 2023 | 3:47 pm

PRU

Unusual options activity has been observed in Prudential Financial (NYSE:PRU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 uncommon options trades, with 64% being bearish and 35% bullish. Whales have been targeting a price range of $55.0 to $105.0 for PRU over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:47 pm

NEM

Unusual options activity has been observed for Newmont (NYSE:NEM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 uncommon options trades, with 63% being bearish and 36% bullish. The targeted price range for Newmont over the last 3 months is $43.5 to $60.0.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:46 pm

AVGO

Recent unusual options activity indicates a bearish stance on Broadcom (NASDAQ:AVGO), with 59% of investors having bearish expectations. Whales have been targeting a price range of $550 to $780 for Broadcom over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:46 pm

META

NVDA

Nvidia and Meta have doubled their stock prices this year, with Nvidia launching the GeForce RTX 4060 family of GPUs and Meta reporting a strong Q1 performance. Both companies have seen increased interest from hedge funds.

Portfolio Pulse from Anusuya Lahiri

May 18, 2023 | 3:41 pm

ALGM

A new short report from The Bear Cave raises concerns about Allegro MicroSystems Inc (NASDAQ:ALGM) due to its complex relationships with Sanken Electric and Polar Semiconductor. The report questions whether transactions between Allegro and Polar are conducted at fair market rates and highlights financial losses at Polar despite Allegro's profits.

Portfolio Pulse from Michael Cohen

May 18, 2023 | 3:33 pm