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STRR

Star Equity has authorized a new stock repurchase program to buy back up to $1 million of its issued and outstanding common stock, as per an SEC filing on August 7.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:59 pm

LWLG

Lightwave Logic shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:52 pm

ABBV

RVNC

Crown Laboratories, Inc. is set to acquire Revance Therapeutics, Inc. (NASDAQ:RVNC) for $6.66 per share in cash, valuing the deal at $924 million. This represents an 89% premium over Revance's closing price on August 9, 2024. Revance's lead product, Daxxify, competes with AbbVie's Botox and has shown strong sales growth. The transaction is expected to close by year-end, after which Revance will be delisted from Nasdaq.

Portfolio Pulse from Vandana Singh

August 12, 2024 | 3:50 pm

AZUL

Azul shares are trading lower after the company reported worse-than-expected Q2 sales results and a year-over-year decrease in adjusted EPADR results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:50 pm

LEGN

Legend BioTech shares are trading higher after Scotiabank maintained a Sector Outperform rating and raised its price target from $70 to $76.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:49 pm

TMUS

Financial giants have made significant bullish moves on T-Mobile US (NASDAQ:TMUS) options, with 62% of traders showing bullish tendencies. Analysts have maintained positive ratings with price targets ranging from $197 to $220. The stock is currently priced at $194.09, with RSI indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:45 pm

MRNA

Deep-pocketed investors have adopted a bearish approach towards Moderna (NASDAQ:MRNA), with 68% of notable options activities being bearish. The trading volumes and open interest suggest a focus on a price range between $85.0 and $130.0. Moderna's stock is currently down 3.18% at $82.23, and analysts have mixed ratings with an average target price of $121.4.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:45 pm

BTCUSD

Crypto analyst Benjamin Cowen analyzed Bitcoin's market cycles, highlighting three potential scenarios for its future. He emphasized the importance of USDT dominance and compared Bitcoin's behavior to gold's market patterns. Cowen noted that the current cycle shows the worst performance post-halving so far, attributing this to factors like the carry trade and rising unemployment. He advised maintaining a balanced perspective and a Bitcoin-heavy portfolio to manage risk.

Portfolio Pulse from Khyathi Dalal

August 12, 2024 | 3:41 pm

AAPL

AXP

BRK

CVX

OXY

SPY

Berkshire Hathaway Inc. (NYSE:BRK) has seen a 19.3% increase in its stock price year-to-date in 2024, outperforming the SPDR S&P 500 ETF Trust (NYSE:SPY), which is up 12.1%. This marks the best performance for Berkshire since 2021. The company recently sold a portion of its Apple Inc. (NASDAQ:AAPL) holdings. Berkshire's top holdings include Apple, American Express (NYSE:AXP), Coca-Cola (NYSE:KO), Chevron (NYSE:CVX), and Occidental Petroleum (NYSE:OXY).

Portfolio Pulse from Chris Katje

August 12, 2024 | 3:39 pm

CVX

DRLL

XLE

Chevron Corporation (NYSE:CVX) has started oil and natural gas production from its Anchor project in the deepwater U.S. Gulf of Mexico. The project features high-pressure technology and is expected to produce significant amounts of oil and gas. Chevron's facilities in the region are projected to produce a combined 300,000 net barrels of oil equivalent per day by 2026. Investors can gain exposure to Chevron via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 3:39 pm