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META

Elon Musk is inviting advertisers to return to X (formerly Twitter), leveraging issues with Meta Platforms Inc.'s (META) advertising system. Musk's outreach follows reports of Meta's ad system causing increased costs and reduced sales for marketers. Musk's efforts to attract advertisers back to X come amid his criticisms of Meta's ad system and past conflicts with major advertisers like Walt Disney Co. and Apple Inc.

Portfolio Pulse from Ananya Gairola

April 12, 2024 | 8:25 am

KYTX

Kyverna Therapeutics announced its attendance at the 2024 AAN Annual Meeting, where it will present data on KYV-101, a treatment for patients with neurological autoimmune diseases.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:16 pm

DIS

VIVHY

Vivendi SE's Gameloft has announced that starting from Season 7 in April 2024, Disney Speedstorm's premium battle pass will only be available through real-money purchases, eliminating the option to use in-game tokens. This decision has led to significant backlash from the gaming community, who feel misled by previous assurances that tokens could be used for such purchases.

Portfolio Pulse from Franca Quarneti

April 11, 2024 | 9:14 pm

ELF

E.l.f. Beauty, Inc. (NYSE:ELF) is advancing its digital strategy with a new app for Apple's Vision Pro headset, as shared by CEO Tarang Amin on CNBC's 'Mad Money'. The company's digital business saw a 100% increase last quarter, attributed to its innovative approach and engagement on platforms like TikTok, Twitch, and Roblox. The 'your best e.l.f.' app offers a spatial experience for users to explore and purchase products using Apple Pay. E.l.f. Beauty's market share and stock have seen significant growth, with shares up over 90% in the past year.

Portfolio Pulse from Erica Kollmann

April 11, 2024 | 9:01 pm

TTWO

YouTuber Andrew Levitt recreated Take-Two Interactive Software Inc's (NASDAQ:TTWO) GTA 6 trailer in real life, collaborating with Primecutpro and using Tom Petty's soundtrack. The recreation has garnered attention amidst the anticipation for GTA 6, slated for a 2025 release but possibly delayed to 2026. Tensions arise at Rockstar Games over a return-to-office policy to finalize the game and prevent leaks, highlighting the project's significance and the dedication to perfection by Take-Two and its teams.

Portfolio Pulse from Franca Quarneti

April 11, 2024 | 7:28 pm

NKE

Nike Inc (NYSE:NKE) shares rose after BofA Securities upgraded the stock from Neutral to Buy, raising the price target from $110 to $113. The upgrade was based on full-year earnings estimates for Nike, which have become more achievable, and the stock's valuation at a 10-year low on a price-to-earnings basis. BofA analyst Lorraine Hutchinson highlighted Nike's potential for mid single-digit revenue growth, margin expansion, and upcoming catalysts such as the company's first investor day in seven years and the Olympics. The $113 price target is based on a 1.2x multiple on 25 times forward 2026 earnings.

Portfolio Pulse from Adam Eckert

April 11, 2024 | 7:05 pm

MRVL

Marvell Technology aims to double its data center market share to 20% after achieving a 10% share in 2023. The company's custom business, which is part of this growth strategy, is expected to have lower gross margins compared to its merchant type business.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:44 pm

DOGEUSD

SHIBUSD

Renowned crypto trader Rekt Fencer shared his successful meme coin trading strategies, emphasizing lessons learned from trading Solana meme coins and highlighting the importance of research, strategy, and patience. He mentioned specific coins like Jeo Boden (BODEN), Book of Meme (BOME), and cat in a dogs world (MEW) as examples. The article also discusses the broader context of meme coin trading's popularity and the established positions of DOGE and SHIB in the market.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 4:18 pm

MRVL

Marvell Technology's shares are trading lower as the company presents at its AI Era event today.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:18 pm

CMCSA

For the 2024 Summer Olympics in Paris, World Athletics will pay $50,000 per gold medal to track and field winners, marking the first time an Olympic governing body compensates medal winners directly from its IOC revenue share. This initiative, part of a broader shift from amateurism, could influence future Olympic compensation structures. Comcast Corporation (NASDAQ:CMCSA) is noted for its media partnership with the Olympics, potentially boosting viewership and engagement.

Portfolio Pulse from Chris Katje

April 11, 2024 | 4:16 pm