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PDSB

Adam Feuerstein from STAT News criticizes PDS Biotech's claims about the survival benefits of its experimental drug for head and neck cancer, suggesting that the benefits are overstated.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:03 pm

DIA

SPY

WMT

Walmart reported strong earnings, the Dow Jones Industrial Average reached 40,000, and initial jobless claims came in above expectations.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:03 pm

GBTC

JPM

MS

UBS

WFC

Morgan Stanley has declared a $269.9 million investment in spot Bitcoin ETFs through Grayscale's GBTC in Q1, positioning itself as a major institutional investor in the cryptocurrency market. Other significant investments in Bitcoin ETFs were made by prominent banks and advisory firms, indicating a growing trend of institutional interest in digital assets.

Portfolio Pulse from Murtuza Merchant

May 16, 2024 | 3:02 pm

HMC

TM

TSLA

Honda Motor Co. Ltd (NYSE:HMC) plans to invest $65 billion in electrification and software development by 2030, doubling its previous commitment. The investment aims to secure battery supply, reduce costs, and improve performance. Honda will introduce new battery-powered vehicles in 2026 and plans to launch seven EV models globally by 2030. The company is also investing $11 billion in new EV and battery production facilities in Ontario, Canada.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 3:01 pm

HG

Hamilton Insurance Group (NYSE:HG) has been analyzed by 9 analysts over the past three months, showing a range of perspectives from bullish to bearish. The average 12-month price target is $19.89, with a high of $23.00 and a low of $16.00. Recent analyst actions include several rating raises and a few lowers, reflecting dynamic market conditions and company performance. The company has shown strong financial health with significant revenue growth, high net margin, and efficient use of equity and assets.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm

BBY

GME

The article evaluates GameStop (NYSE:GME) against its peers in the Specialty Retail industry, highlighting its high valuation metrics (P/E, P/B, P/S) and lower profitability indicators (ROE, EBITDA, gross profit, revenue growth). The analysis suggests that GameStop may be overvalued and facing challenges in generating profits and growth.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm

FR

First Industrial Realty (NYSE:FR) has received mixed analyst ratings over the past three months, with a recent trend of lowered price targets. The average 12-month price target is now $54.62, down 5.83% from the prior average. Despite this, the company shows strong financial performance with positive revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm

PLTR

The article provides an in-depth analysis of Palantir Technologies (NYSE:PLTR) compared to its peers in the software industry. Key financial metrics indicate that Palantir is potentially overvalued with high PE, PB, and PS ratios. However, it shows strong revenue growth, suggesting future growth potential despite lower profitability and operational efficiency.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm

ELF

Over the past three months, 12 analysts have shared their evaluations of e.l.f. Beauty (NYSE:ELF), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $219.5. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market over the past 5 years, delivering an average annual return of 39.02%. A $100 investment in AVGO 5 years ago would now be worth $524.50. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 3:00 pm