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UNH

UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 15.85% over the past 5 years, outperforming the market by 4.52% on an annualized basis. A $100 investment in UNH 5 years ago would be worth $211.91 today, showcasing the impact of compounded returns on investment growth. UnitedHealth Group's current market capitalization stands at $443.70 billion.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:30 pm

VNDA

Vanda Pharmaceuticals Inc. (NASDAQ:VNDA) has rejected multiple unsolicited takeover bids from Future Pak LLC, with the latest offer ranging from $7.25 to $7.75 per share. This proposal represents a 79.0% to 91.4% premium over Vanda's closing price of $4.05 as of April 16, 2024. The Vanda Board believes these offers undervalue the company, citing its diverse product set, top-line growth, and recent FDA approval of Fanapt for bipolar I disorder, which boosted shares by 30%. Future Pak, a private contract manufacturer, has expressed willingness to improve its proposal, with support from Colbeck Capital Management. VNDA shares rose 33.8% to $5.41 following the news.

Portfolio Pulse from Vandana Singh

April 17, 2024 | 4:29 pm

ACB

FLGC

TLRY

Flora Growth Corp. (NASDAQ:FLGC) has announced the acquisition of Germany-based TruHC Pharma GmbH, aiming to expand its global footprint in the cannabis market. This move is strategic, following Germany's new cannabis law that partially legalizes cannabis. The acquisition, valued at $6.4 million, will be completed in two closings, with the first expected by the end of April 2024. Other companies like Aurora Cannabis, Tilray Brands, and Curaleaf Holdings are also exploring the German market, which is seen as a significant opportunity following legalization.

Portfolio Pulse from Jelena Martinovic

April 17, 2024 | 4:28 pm

BA

UAL

United Airlines Holdings Inc (NASDAQ:UAL) reported impressive Q1 earnings, surpassing expectations with a revenue of $12.5 billion and an adjusted loss of 15 cents per share, against estimates of a 57 cents loss. The stock rose about 12% following the announcement. United Airlines also adjusted its future aircraft orders, converting some Boeing Co (NYSE:BA) Max 10 orders to Max 9 and leasing new Airbus A321neos. Despite positive earnings, technical indicators suggest a bearish trend for UAL's stock, with key moving averages and indicators like MACD and RSI signaling potential sell-off conditions.

Portfolio Pulse from Surbhi Jain

April 17, 2024 | 4:26 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) shares surged after reporting a significant year-over-year increase in preliminary first-quarter revenues, with produce revenues up 40% and cut herb revenue increasing over 200%. The company attributes this growth to investments in equipment and infrastructure, expanded retail distribution, and a focus on becoming a vertically integrated herb supplier. The stock experienced heavy trading volume and was halted multiple times for volatility, with over 7 million shares traded compared to a 100-day average of less than 48,000 shares.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 4:25 pm

MSOS

Brady Cobb discusses the importance of clearing a 60% threshold in an election that is expected to draw a significant number of voters, particularly in the context of cannabis. The article also promotes access to a Cannabis Capital Conference, offering direct access for existing subscribers and instant access for new users. MSOS, a cannabis-related ETF, is mentioned.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:22 pm

GPRO

GRMN

Citron Research highlighted a comparison between Garmin Ltd. (GRMN) and GoPro Inc. (GPRO) focusing on the 'Woodman Discount' and evaluating the companies based on their EV/Sales ratio. Additionally, it was noted that shareholders are still paying for the CEO's plane.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:21 pm

IBKR

Interactive Brokers' stock price increased following the announcement of their Q1 results, which exceeded expectations, and the decision to raise their dividend.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:21 pm

CGC

Canopy Growth Corp (CGC) received shareholder approval for Canopy USA, aiming to accelerate U.S. market entry and acquisitions of Wana Brands and others. CEO David Klein highlighted the underappreciated value within Canopy, including assets like Wana, Jetty, and Acreage. Wana Brands, set for acquisition by Canopy in a $279.5 million deal, will see CEO Nancy Whiteman transition to Canopy USA's board, with Joe Hodas taking over as CEO. Hodas plans to expand Wana's market presence and explore new partnerships.

Portfolio Pulse from Adam Eckert

April 17, 2024 | 4:21 pm

JBHT

KNX

Trucking, transportation, and freight stocks are down after J.B. Hunt reported weak earnings and Knight-Swift provided weak guidance, affecting industry sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:20 pm