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FEPI

MU

PSI

Micron Technology Inc (NASDAQ:MU) is set to receive $6.1 billion in grants from the U.S. Commerce Department for its domestic semiconductor production expansion, aligning with the national strategy to boost American chip manufacturing. The funding, part of a broader package including loans, supports Micron's construction of up to five new factories in New York and Idaho. This move, highlighting Micron's focus on high-bandwidth memory (HBM) and its leadership in the HBM3E sector, is expected to significantly enhance its gross margins. Micron's stock has seen an 88% increase over the last 12 months, with options for investors to gain exposure through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 11:53 am

BTCUSD

Santiment's analysis indicates a potential recovery for Bitcoin either right before or shortly after the halving, based on social metrics showing a shift from FOMO to FUD following a 16% drop in Bitcoin's value since its all-time high. Other analysts predict corrections and buying opportunities around the halving event. The crypto market has seen a significant increase in liquidations, with Bitcoin's price slightly down in the last 24 hours.

Portfolio Pulse from Khyathi Dalal

April 18, 2024 | 11:42 am

MRVI

Trilink Biotechnologies, a subsidiary of Maravai LifeSciences, has opened a new 32,000 square foot mRNA manufacturing facility. This expansion is aimed at enhancing the company's capacity for mRNA production, which is crucial for vaccine development and other therapeutic applications.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:37 am

RTX

RTX has signed an agreement with ENGIE Resources LLC, a subsidiary of Engie North America, to supply 100% renewable electricity to 12 of its Texas facilities until 2033. This deal, starting in 2024, will deliver over 1.5 million megawatt hours of renewable power over 10 years, reducing RTX's carbon emissions by approximately 560,000 metric tons.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 11:16 am

NEAR

SOL

WIF

A crypto analyst, Bluntz, is bullish on the Solana-based meme coin, dogwifhat (WIF), predicting a bullish reversal amid the market downturn. Bluntz uses Elliott Wave theory to forecast WIF's price movement and also expresses optimism for NEAR, seeing a long-term opportunity after a significant correction. The market correction affecting Solana and other cryptocurrencies is noted, with investor sentiment impacted by Bitcoin's downturn. Additionally, investor Raoul Pal's reallocation favoring Solana over Ethereum is highlighted.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 11:01 am

LIN

Linde (NASDAQ:LIN) is expanding its green hydrogen production in Brazil through its subsidiary White Martins, by building a second electrolyzer plant in Jacareí, São Paulo. This new five-megawatt plant will utilize renewable energy sources, including solar and wind, to produce green hydrogen, enhancing Linde's sustainable energy offerings in the southeast region of Brazil.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:03 am

BTCUSD

Binance has converted its $1 billion Secure Asset Fund for Users (SAFU) entirely into USDC, a stablecoin pegged to the U.S. dollar, aiming for greater stability amid market volatility. This move is part of Binance's strategic changes under CEO Richard Teng, following a significant legal settlement with U.S. agencies, and aligns with efforts towards regulatory compliance and operational maturity.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 5:34 am

BTCUSD

ETHUSD

MARA

Crypto analyst IncomeSharks predicts Bitcoin (BTC) could fall below $60,000 before a 'hate halving rally' occurs, coinciding with the upcoming Bitcoin halving event. This prediction is based on the need to eliminate panic sellers. The halving, which introduces anti-deflationary features to Bitcoin, historically leads to a price surge. Other analysts have identified critical support and potential bullish triggers for Bitcoin's price. Jim Cramer advised against investing in Marathon Digital Holdings Inc (MARA), suggesting Bitcoin or Ethereum (ETH) as better alternatives. Bitcoin is currently trading at $61,562, showing a slight increase and a significant year-to-date gain.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 3:36 am

MARA

Jim Cramer, on 'Mad Money,' recommended against investing in Marathon Digital Holdings Inc. (MARA) due to its recent 20% decline and overall market volatility, suggesting Bitcoin (BTC) or Ethereum (ETH) as better alternatives. Despite the crypto market's uncertainties, experts remain bullish, citing a strong U.S. economy and AI potential. Marathon Digital's stock has fallen 36.20% YTD, while Bitcoin and Ethereum have seen significant gains.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 2:56 am

DOGEUSD

ETHUSD

Social media influencer Topdoge speculated that Dogecoin (DOGE) could reach a $500B market cap, matching Ethereum's (ETH) previous bull run, potentially elevating DOGE's value to around $4.20.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 2:48 am