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Stock Prices

BNO

Oil prices are trading higher, potentially due to uncertainty in the Middle East. The Pentagon has urged the Iraqi government to protect US forces. Additionally, US weekly crude stock data is expected to be released later today.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:43 pm

DAX

Global X DAX Germany ETF experienced a trading increase after the release of positive Germany flash manufacturing PMI data.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 7:42 pm

BABA

FXI

KWEB

MCHI

NIO

PDD

TCEHY

XPEV

UBS Group AG upgraded its recommendation on a key Chinese stock index to Overweight, citing a 'valuation collapse' and resilient earnings among the largest stocks. This upgrade has led to positive movements in Chinese equity tracking ETFs and stocks of Chinese companies. UBS also downgraded Taiwan and South Korea markets to Neutral due to high premiums in the tech sector. The optimism in Chinese stocks is supported by state interventions, positive surprises in dividends and buybacks, and a belief that the Chinese stock market has bottomed, presenting a rare investment opportunity.

Portfolio Pulse from Surbhi Jain

April 23, 2024 | 7:20 pm

LOW

Analysis of Lowe's Companies (NYSE:LOW) options market reveals a bearish sentiment among traders, with 72% engaging in bearish trades. Significant trading activity suggests a target price range of $210 to $260. Recent trades include both puts and calls, with a notable volume and open interest in options within this price range. Lowe's, a leading home improvement retailer, is currently trading at $234.04, up 1.7%, with analysts giving mixed ratings and target prices ranging from $245 to $275.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:15 pm

UNH

UnitedHealth Group (NYSE:UNH) paid a ransom following a February cyberattack on its subsidiary, Change Healthcare, compromising personal data. Despite not disclosing the ransom amount, the breach's severity is highlighted by UnitedHealth's extensive customer base and Change Healthcare's significant transaction volume. UnitedHealth is collaborating with law enforcement and cybersecurity firms, has taken steps to support affected individuals, and is monitoring for data leaks, with 22 screenshots of compromised files identified on the dark web. UNH shares dropped 1.16% to $485.52.

Portfolio Pulse from Vandana Singh

April 23, 2024 | 7:09 pm

BRK

BYDDY

TSLA

Warren Buffett, through Berkshire Hathaway, missed out on investing in Tesla before its IPO, a decision highlighted by Tesla CEO Elon Musk. Musk often references a 2009 meeting with Charlie Munger, Berkshire's Vice Chairman, where the potential failure of Tesla was discussed. Despite this, Tesla's market cap has soared to $463 billion, indicating a missed opportunity for a 231,400% return on a hypothetical $20 million investment based on Tesla's $200 million valuation at the time. Berkshire Hathaway instead invested in BYD Co, a Tesla rival, in 2008 and has seen significant returns from its investment in Apple in 2016.

Portfolio Pulse from Chris Katje

April 23, 2024 | 7:08 pm

NVS

The FDA has approved Novartis AG's Lutathera for pediatric patients 12 years and older with somatostatin receptor-positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs), marking it as the first therapy specifically approved for this demographic. This approval is based on the NETTER-P trial, which showed a safety profile consistent with the adult population. Lutathera is already approved in the US for adults with SSTR-positive GEP-NETs and has approvals in Europe and Japan for similar indications. Following this news, NVS shares rose by 2.29% to $97.30.

Portfolio Pulse from Vandana Singh

April 23, 2024 | 7:05 pm

PEPEUSD

Cryptocurrency Pepe (CRYPTO: PEPE) has seen a significant increase, rising 15.13% in the last 24 hours to $0.0000077, continuing a positive trend with a 46.0% gain over the past week. The trading volume for Pepe has increased by 80.0%, and its circulating supply has slightly decreased, now estimated to be at 100.0% of its max supply of 420.69 trillion. Pepe's market cap ranking is now #41, valued at $3.24 billion.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:02 pm

FSLR

First Solar (NASDAQ:FSLR) has significantly outperformed the market in the last 5 years, with an annualized return of 23.93%, turning a $100 investment into $293.73. The company's market capitalization stands at $19.35 billion.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:01 pm

TNDM

Analyst ratings for Tandem Diabetes Care (NASDAQ:TNDM) show a mix of bullish and bearish perspectives with recent updates indicating an increase in the average 12-month price target to $34.0, up 26.87% from $26.80. The company, known for its insulin pumps, faces challenges with a revenue decline of -10.75% and a net margin of -15.25%, but stands out with a high ROE of -9.56%. Analysts from Stifel and Citigroup have raised their price targets, reflecting optimism in the company's market standing despite financial hurdles.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:01 pm