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AXNX

BSX

Boston Scientific Corporation (NYSE:BSX) announced a recall of its Obsidio Embolic device due to a high risk of bowel ischemia when used with the aliquot technique for lower GI bleeding embolization. The FDA classified this recall as Class I, indicating a serious health risk. Eleven incidents, including seven injuries and two deaths, have been reported. The recall involves about 1,600 devices distributed between May 8, 2023, and February 8, 2024. Additionally, Boston Scientific is in the process of acquiring Axonics Inc (NASDAQ:AXNX) for approximately $3.7 billion.

Portfolio Pulse from Vandana Singh

April 18, 2024 | 2:02 pm

HES

Over the past 5 years, Hess Corporation (NYSE:HES) has outperformed the market with an annualized return of 17.45%, turning a $1000 investment into $2,221.13 today. Hess now has a market capitalization of $46.45 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:01 pm

CFG

Citizens Financial Group (NYSE:CFG) has received mixed ratings from analysts, with a recent shift towards a more neutral stance. Over the past three months, 6 analysts have provided ratings, with the majority remaining indifferent. The average 12-month price target has been raised to $37.33, indicating a 7.27% increase from the previous target. Despite this optimism, CFG faces challenges in revenue growth, profitability, and debt management, with its financial performance lagging behind industry peers.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:00 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has delivered an average annual return of 17.94% over the past 15 years, turning a $1000 investment into $12,407.74 today. With a current market capitalization of $62.52 billion, PXD's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:00 pm

XRAY

In the last three months, 4 analysts have provided diverse ratings on Dentsply Sirona (NASDAQ:XRAY), with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $41.5, indicating a slight increase in optimism. Dentsply Sirona, a leading dental equipment manufacturer, has shown solid financial performance with a revenue growth of 2.95%, a net margin of 6.62%, and an ROE of 2.01%. The company's prudent debt management and strong market position are highlighted by its market capitalization and financial ratios.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 2:00 pm

ARKQ

ARKX

IRDM

Iridium Communications Inc (NASDAQ:IRDM) shares surged 10% after reporting Q1 earnings of 16 cents per share, surpassing Wall Street's estimate of 15 cents, and revenues of $203.85 million, beating the consensus of $193.75 million. The growth was attributed to strong service revenue and subscriber expansion, with total billable subscribers increasing 14% year-over-year. Operational EBITDA rose to $115.0 million, and the company reiterated its full-year 2024 service revenue growth forecast of 4%-6%. IRDM is also featured in ARK Space Exploration & Innovation ETF (BATS:ARKX) and ARK Autonomous Technology & Robotics ETF (BATS:ARKQ).

Portfolio Pulse from Nabaparna Bhattacharya

April 18, 2024 | 1:57 pm

AMZN

GOOG

META

MSFT

Big Tech companies including Meta Platforms (META), Alphabet (GOOG/GOOGL), Amazon.com Inc (AMZN), and Microsoft Corporation (MSFT) are set to release their earnings reports, offering insights into their financial health and the impact of generative AI development. Meta reported a 25% revenue increase in Q4, Alphabet's net income surged 52%, Amazon crushed estimates with record holiday sales, and Microsoft's revenue grew 18% in its fiscal second quarter. These reports will not only highlight the companies' performances but also provide a glimpse into the tech industry's direction and the unfolding AI era.

Portfolio Pulse from Upwallstreet

April 18, 2024 | 1:52 pm

STLA

VWAGY

XPEV

European passenger-car sales fell 2.8% in March, with BEV sales down 11.3%. Volkswagen and Stellantis NV reported significant drops in EV registrations, attributing the decline to reduced subsidies and high interest rates. Volkswagen's EV sales in Europe fell 24.3%, while Stellantis experienced a 12.6% decrease in registrations. Both companies anticipate a challenging 2024, with Volkswagen partnering with XPeng Inc to boost EV sales. The trend suggests European automakers need a new strategy to compete, especially against Chinese firms expanding in Europe.

Portfolio Pulse from Upwallstreet

April 18, 2024 | 1:52 pm

BTCUSD

CKBUSD

ETHUSD

INJUSD

Bitcoin and Ethereum experienced declines following unchanged U.S. jobless claims data, with Bitcoin falling below $63,000 and Ethereum staying above $3,000. The global crypto market cap dropped by 0.7%. Injective was the top gainer, while Nervos Network was the biggest loser among cryptocurrencies.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 1:52 pm

MMC

Marsh & McLennan's shares saw an increase after the company reported Q1 earnings that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 1:51 pm