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CVS

WBA

CVS Health Corp (CVS) and Walgreens Boots Alliance Inc (WBA) announced plans to dispense the abortion pill mifepristone in select states, following FDA guidelines. The rollout will begin in states like New York, Pennsylvania, Massachusetts, California, and Illinois for Walgreens, and Massachusetts and Rhode Island for CVS. The expansion will continue in states where abortion is legal and pharmacy dispensation is allowed. The Supreme Court's upcoming decision on mifepristone could impact its availability. CVS stock is down 0.55%, while WBA shares are up 0.98%.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 8:41 pm

VEEV

Financial giants have shown a bearish sentiment towards Veeva Systems (NYSE:VEEV) through recent options trading, with a mix of bullish and bearish trades observed. The trading activity suggests a focus on a price range between $200.0 and $270.0 for VEEV. Despite the bearish options sentiment, analysts have varying views on VEEV, with target prices ranging from $203 to $264. VEEV's current trading volume is 1,655,827, with a price decrease of -2.22%, and an RSI indicating it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:35 pm

WELL

Over the past 15 years, Welltower (NYSE:WELL) has produced an average annual return of 21.93%, outperforming the market by 7.52%. A $100 investment in WELL 15 years ago would be worth $1,824.40 today. Welltower's market capitalization currently stands at $52.43 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:31 pm

COIN

Toshi, a memecoin inspired by Coinbase CEO Brian Armstrong's cat, surged 35% following a website overhaul for better ecosystem onboarding. The interest in cryptocurrency trading spiked, as evidenced by Coinbase's app ranking improvement and a temporary outage due to traffic surge. Traders are bullish on Toshi, predicting it could become the first billion-dollar memecoin on Coinbase's Base chain. Toshi's market cap exceeds $70 million, ranking it as the second most valuable cat-themed coin.

Portfolio Pulse from Khyathi Dalal

March 01, 2024 | 8:30 pm

GBTC

Grayscale Investments is seeking SEC approval for options trading on its Bitcoin ETF, GBTC, to diversify its investor base and enhance shareholder value. CEO Michael Sonnenshein emphasizes the importance of this move, especially given Bitcoin's recent 47% monthly increase. The approval process may be complex, involving both the SEC and CFTC, due to Bitcoin's commodity classification. Options trading could bring significant capital into Bitcoin ETFs, improve price discovery, and integrate Bitcoin more closely into the regulated financial ecosystem.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 8:22 pm

RDDT

Reddit is aiming for a valuation of up to $6.5 billion in its upcoming IPO, with a share price target range of $31-$34, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:17 pm

AMZN

IVV

META

NVDA

SPY

VOO

The U.S. tech rally, led by the 'Magnificent Seven' tech stocks, has shown significant growth over the past year, with the S&P 500 Index up over 25%. This growth is attributed to sustainable fundamentals, particularly the strategic focus on generative AI, which has driven a 90% surge in these stocks since the beginning of 2023. The ETFs tracking the S&P 500, such as SPY, VOO, and IVV, have also seen price appreciation. Nvidia, Meta Platforms, and Amazon have been the top performers among the Magnificent Seven, with substantial returns.

Portfolio Pulse from Surbhi Jain

March 01, 2024 | 8:06 pm

PLUG

Plug Power's shares are trading higher following the announcement of their FY23 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 8:03 pm

CTVA

Corteva (NYSE:CTVA) has been evaluated by 9 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for Corteva has been raised to $60.78, up 5.01% from the previous target of $57.88. Analysts from firms including Loop Capital, Oppenheimer, and RBC Capital have raised their price targets, indicating a positive outlook on the company. Despite this, Corteva faces financial challenges with a -3.08% decline in revenue growth and below-average profitability metrics. The company, a leader in seed and crop chemical products, was spun off from DowDuPont in 2019.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:02 pm

APD

Air Products & Chemicals (NYSE:APD) was analyzed by 7 analysts, showing a mix of ratings but no changes in the last 30 days. The average 12-month price target is now $257.86, down 13.03% from $296.50. Analysts have lowered their price targets, reflecting adjustments to market conditions and company performance. Air Products, a leading industrial gas supplier, reported a revenue decline of -5.58% for the quarter ending December 31, 2023, but has strong profitability indicators like a net margin of 20.33% and ROE of 4.18%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:00 pm