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BMY

Bristol Myers Squibb (NYSE:BMY) announced positive Phase 3 results for its Opdivo/Yervoy combination in treating liver cancer, showing significant improvements in overall survival and response rates compared to lenvatinib or sorafenib.

Portfolio Pulse from Vandana Singh

June 04, 2024 | 3:35 pm

INDA

India's Prime Minister Modi announced that India will make significant decisions in its third term, focusing on accelerating growth in electronics, semiconductors, and defense manufacturing.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:34 pm

SSY

SunLink Health Systems shares are trading higher following the sale of Trace Extended Care & Rehab by its subsidiary, Southern Health Corporation of Houston.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 3:34 pm

DVN

Recent options trading activity around Devon Energy (NYSE: DVN) shows a predominantly bearish sentiment among large investors, with 66% of trades being bearish. The trades indicate a targeted price range of $47.5 to $60.0. Devon Energy's stock is currently down 1.77% at $46.24, with analysts providing mixed ratings and an average target price of $59.67.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:31 pm

JPM

Deep-pocketed investors have shown unusual options activity for JPMorgan Chase (NYSE:JPM), with a mix of bullish and bearish sentiments. Significant options trades suggest a price range of $190.0 to $230.0 for JPM over the next three months. Analysts have mixed ratings, with an average target price of $209.8.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:31 pm

SSD

Simpson Manufacturing Co (NYSE:SSD) has outperformed the market over the past 10 years, delivering an average annual return of 16.65%. A $1000 investment in SSD 10 years ago would be worth $4,634.13 today. The company currently has a market capitalization of $6.90 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:30 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market over the past 20 years, achieving an average annual return of 27.53%. A $100 investment in DECK 20 years ago would be worth $12,743.15 today. The company currently has a market capitalization of $27.22 billion.

Portfolio Pulse from Benzinga Insights

June 04, 2024 | 3:30 pm

MSTR

SMLR

Corporations are increasingly adopting Bitcoin as a hedge against traditional financial risks and to benefit from its potential value increase. The FASB's new rule change on Bitcoin accounting, the approval of spot Bitcoin ETFs, and the success of MicroStrategy's Bitcoin strategy are key drivers. Companies like Semler Scientific (SMLR) are following this trend, leading to significant stock price increases.

Portfolio Pulse from David Waugh

June 04, 2024 | 3:28 pm

LUXH

LuxUrban Hotels Inc (NASDAQ:LUXH) shares dropped by 10.6% to $0.28 after the company announced the formation of a Special Committee to explore strategic initiatives aimed at maximizing shareholder value. The committee will consider various strategic transactions, including equity and debt financing, sales, mergers, and acquisitions. No specific timeline has been set, and the company is not currently engaged in any transaction or has hired advisors for the committee’s work.

Portfolio Pulse from Henry Khederian

June 04, 2024 | 3:28 pm

AAPL

AMZN

BIDU

FTEC

IYW

NFLX

NVDA

Apple Inc. (NASDAQ:AAPL) is planning to introduce its Apple TV+ streaming service in China through a deal with China Mobile, potentially reaching over 200 million customers. Despite geopolitical tensions, Apple has increased its presence in China, including boosting suppliers and manufacturing sites, and integrating Baidu Inc's (NASDAQ:BIDU) AI technology. Apple shares have gained over 8% in the past 12 months.

Portfolio Pulse from Anusuya Lahiri

June 04, 2024 | 3:27 pm