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HMC

Honda Motor has announced that it is considering various capital policies, including a potential plan to sell approximately ¥500 billion worth of shares. However, no final decisions have been made yet.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:38 pm

LLY

NVO

President Joe Biden and Sen. Bernie Sanders have urged pharmaceutical companies like Novo Nordisk and Eli Lilly to lower the prices of their popular obesity drugs. The U.S. government has implemented policies to cap drug costs and negotiate prices, but further legislative measures may be taken if companies do not comply. Both Novo Nordisk and Eli Lilly have seen stock declines following these announcements.

Portfolio Pulse from Vandana Singh

July 02, 2024 | 3:38 pm

LHX

SPY

L3Harris Technologies announced that the U.S. Navy has approved the design plans for its next-generation F/A-18 electronic warfare system. This development is a significant milestone for the company, potentially leading to future contracts and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:34 pm

CMG

A Wells Fargo analyst conducted a study by ordering 75 Chipotle burrito bowls to highlight portion size inconsistencies. The study found significant variation in burrito weights, supporting customer complaints about 'shrinkflation.' Despite these issues, Chipotle's stock has surged over 36% in 2024, and the company continues to expand rapidly.

Portfolio Pulse from Hayden Buckfire

July 02, 2024 | 3:33 pm

SNOW

Whales have shown a bullish stance on Snowflake (NYSE:SNOW) with 61% of options trades being bullish. The trades include 13 calls and 5 puts, with a total trade value of $621,715 and $304,342 respectively. Analysts have mixed ratings with an average target price of $204.6. The stock is currently down 0.72% at $141.74.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:32 pm

BABA

Financial giants have made significant bearish moves on Alibaba Group Holdings (NYSE:BABA) through options trading. Analysis reveals 33 unusual trades with a mix of bullish and bearish sentiments. The stock is currently trading at $73.11, up by 1.3%, with an average target price of $115.0 from analysts.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:32 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market over the past decade, delivering an average annual return of 22.79%. A $1000 investment in ON stock 10 years ago would be worth $7,741.62 today. The company's current market capitalization is $30.81 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:30 pm

IRM

Iron Mountain (NYSE:IRM) has significantly outperformed the market over the past 5 years, delivering an average annual return of 23.62%. A $1000 investment in IRM 5 years ago would be worth $2,876.54 today. The company's market capitalization is currently $26.29 billion.

Portfolio Pulse from Benzinga Insights

July 02, 2024 | 3:30 pm

ARDX

Ardelyx, Inc. (NASDAQ: ARDX) shares are trading lower after the company decided not to apply for the inclusion of XPHOZAH in the CMS ESRD PPS Transitional Drug Add-on Payment Adjustment. The decision was based on the potential restrictions that could limit patient access to the drug. Despite this, analysts have a positive outlook on the stock with an average 12-month price target of $14.50.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 3:26 pm

EURKU

Trading halt on EURKU was updated at 11:25:00 AM ET, and the security has been released for quotation.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 3:25 pm