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PFE

Pfizer faces a lawsuit from Kansas for allegedly misleading claims about the safety and effectiveness of its COVID-19 vaccine. The lawsuit accuses Pfizer of violating consumer protection laws by marketing the vaccine as safe despite knowing about serious adverse events and waning efficacy. The suit claims Pfizer's misrepresentations helped it achieve record revenues.

Portfolio Pulse from Vandana Singh

June 17, 2024 | 5:13 pm

TEM

Tempus AI shares are experiencing a decline due to post-IPO volatility.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:09 pm

FDIS

MATW

TSLA

XLY

Tesla Inc. (NASDAQ:TSLA) has filed a lawsuit against its former supplier, Matthews International Corp (NASDAQ:MATW), accusing them of misappropriating trade secrets related to Tesla's dry electrode battery technology. Tesla is seeking $1 billion in damages and a court injunction to prevent further disclosure of its proprietary information. The lawsuit claims Matthews shared these secrets with Tesla's competitors and attempted to patent Tesla's innovations as its own. Tesla's stock has risen by 4.34% following the news.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 5:09 pm

SPY

Fed's Harker welcomes last week's CPI data but notes modest overall progress on inflation. He forecasts slowing but above-trend growth, a modest rise in the unemployment rate, and a long glide back to 2% inflation.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:02 pm

SPY

Fed's Harker suggests maintaining current interest rates to control inflation and mitigate risks. While recent inflation data is promising, uncertainty remains, particularly in shelter and service sector inflation.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 5:01 pm

OLLI

Analysts have shared mixed evaluations of Ollie's Bargain Outlet (NASDAQ:OLLI) over the past three months, with a majority being bullish. The average 12-month price target has increased to $94.94, up 8.38% from the previous target. The company has shown strong financial performance with notable revenue growth, high net margins, and effective debt management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:01 pm

AXS

Analysts have provided mixed reviews for Axis Capital Holdings (NYSE:AXS) over the past three months, with a range of ratings from 'Somewhat Bullish' to 'Somewhat Bearish'. The average 12-month price target has increased to $72.2. Key financial indicators show strong net margins and ROE, but challenges in ROA and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:01 pm

SEE

Sealed Air (NYSE:SEE) has received mixed analyst ratings over the past three months, with a recent trend towards bullish sentiment. Analysts have set a 12-month average price target of $43.5, reflecting a 10.13% increase from the previous target. Despite a slight revenue decline, Sealed Air shows strong profitability and effective asset management, though its high debt-to-equity ratio raises concerns.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:01 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has significantly outperformed the market over the past 15 years, delivering an average annual return of 27.09%. A $1000 investment in BKNG 15 years ago would be worth $36,393.62 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:00 pm

CRM

Salesforce (NYSE:CRM) has significantly outperformed the market over the past 15 years, delivering an average annual return of 23.68%. A $1000 investment in CRM 15 years ago would be worth $24,570.51 today.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 5:00 pm