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JNJ

Johnson & Johnson has increased its talc settlement offer to $9 billion, gaining preliminary support from a key lawyer representing 12,000 claimants. This move aims to cap liabilities and avoid prolonged lawsuits. However, some opposition remains.

Portfolio Pulse from Vandana Singh

September 05, 2024 | 6:30 pm

SAIC

Science Applications International Corporation (SAIC) shares are trading higher following the company's announcement of an increase in its fiscal year 2025 guidance.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:29 pm

MKTX

MarketAxess shares are experiencing an upward trend as the company's total average daily volume for August increased by 18.4% compared to July.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:28 pm

PSNY

Polestar shares are trading higher despite a recent price target cut by Piper Sandler, which maintained a Neutral rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:23 pm

AMZN

Amazon shares rose after Cantor Fitzgerald initiated coverage with an Overweight rating and a $230 price target, citing growth in retail and cloud businesses, AI benefits, and margin expansion. Additionally, the NLRB's ruling on Amazon as a 'joint employer' may impact labor negotiations.

Portfolio Pulse from Vaishali Prayag

September 05, 2024 | 6:20 pm

CRM

Whales are showing a bearish stance on Salesforce (CRM) with 51% of options trades being bearish. The stock is currently trading at $247.27, down by 0.17%. Analysts maintain positive ratings with a consensus target price of $319.0.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 6:17 pm

WBD

Warner Bros. Discovery Inc (NASDAQ:WBD) is prioritizing a sequel to its successful game, Hogwarts Legacy, which has sold over 24 million copies and generated over $1 billion in revenue. Despite setbacks from the poorly received Suicide Squad game, Warner Bros. remains committed to its gaming division, with other projects like Harry Potter: Quidditch Champions and a Wonder Woman game in development.

Portfolio Pulse from Franca Quarneti

September 05, 2024 | 6:15 pm

DLTR

Dollar Tree, Inc. (NASDAQ:DLTR) faces challenges as analysts lower price forecasts due to competitive pressures and rising costs. Despite a recent share price increase, the company reported disappointing Q2 results and reduced its outlook. Analysts have downgraded the stock and adjusted EPS estimates, citing potential regulatory and labor cost headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 6:15 pm

DUK

Duke Energy Florida plans to reduce residential rates by approximately 6% in January 2025, pending approval. This reduction is part of an annual adjustment for fuel costs and includes grid improvements for reliability and solar investments. If approved, a typical 1,000 kWh residential bill will decrease by $9.77.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:14 pm

BAC

Bank of America is investigating allegations that its bankers in Asia shared nonpublic information with investors in India before stock sales, potentially enabling front running. The complaint involves three deals since 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 6:11 pm