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BLDE

CHPT

ENVX

JPMorgan analysts highlight Blade Air Mobility Inc (BLDE), ChargePoint Holdings Inc (CHPT), and Enovix Corp (ENVX) as clean tech stocks with over 40% upside potential. Blade's strong Q1 performance and ChargePoint's market position, along with Enovix's cost reduction efforts, underscore their growth potential in the clean energy sector.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 7:05 pm

TSLA

Tesla Inc (TSLA) introduces a 0.99% APR financing offer for the Model Y to boost demand, amidst concerns about electric vehicle demand. The offer, available from May 10 through May 31, aims to enhance second-quarter figures after falling short of Q1 delivery estimates. The Model Y, the top-selling electric vehicle globally in 2023, is available at a starting price of $31,490 with federal tax credits and estimated gas savings.

Portfolio Pulse from Chris Katje

May 13, 2024 | 7:05 pm

NVDA

HSBC Global Research maintains a Buy rating on Nvidia Corp (NVDA) and raises its 12-month price target to $1,350, citing strong pricing power and a promising AI roadmap. Analyst Frank Lee predicts significant revenue growth by FY26, driven by server rack systems NVL36/NVL72 and GB200 platform. Despite potential uncertainties in GPU product transitions, HSBC sees Nvidia's long-term growth prospects as robust, with the stock expected to climb another 50%.

Portfolio Pulse from Vaishali Prayag

May 13, 2024 | 6:40 pm

ACIU

AKTS

AMPX

CCLD

GME

SRG

U.S. stocks showed mixed performance with the Dow Jones falling and NASDAQ rising. GameStop shares surged due to potential retail investor interest sparked by Roaring Kitty. CareCloud and AC Immune also saw significant gains, while Akoustis Technologies, Seritage Growth Properties, and Amprius Technologies experienced declines. Gold and silver prices fell, while oil and copper prices rose.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 6:32 pm

JNJ

Johnson & Johnson's subsidiary Ethicon's Megadyne division is discontinuing its Mega Soft Pediatric Patient Return Electrodes due to reports of patient burns, including some third-degree injuries. The FDA has classified this as a Class I recall, affecting 21,200 devices over two years, with an expansion in December 2023 to restrict use to patients 12 years and older. This decision impacts approximately 9,500 units and follows reports of at least 63 injuries but no deaths. The recall specifically targets the 0840 pediatric pad, designed for patients under 12, after a root cause investigation linked certain conditions to potential thermal injuries.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 6:30 pm

ASML

Recent options trading trends for ASML Holding (NASDAQ:ASML) show a balanced mix of bullish and bearish sentiment among investors, with significant activity in both calls and puts. The observed trades suggest a price target range from $590 to $1030. The largest trades indicate a bearish sentiment despite the overall balanced view. ASML, a leader in photolithography systems for semiconductor manufacturing, has its stock currently priced at $926.86, showing a slight decrease.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 6:30 pm

LLY

PFE

Pfizer Inc is launching a direct-to-consumer medicines platform named "Pfizer for All", aiming to provide medical information, mail-order pharmacy, and telehealth services in the US. This initiative, inspired by the success of its COVID-19 vaccine rollout, will include medications like Paxlovid and diagnostic kits. The move follows Eli Lilly's earlier launch of its direct-to-consumer platform, LillyDirect, and represents a shift in the pharmaceutical industry towards bypassing traditional distribution channels to directly reach consumers.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 6:22 pm

NVO

Novo Nordisk's shares are trading higher following the announcement that the FRONTIER 2 trial met its co-primary endpoints.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 6:16 pm

GME

Keith Gill, known as 'Roaring Kitty,' has returned to social media, causing a 1400% surge in a memecoin named after him (ROAR) and impacting other meme-themed cryptocurrencies. His comeback has reignited interest in meme coins, mirroring the 2021 meme stock rally he was part of with GameStop (NYSE:GME). This event underscores the growing influence of social media on financial markets, particularly in the volatile meme coin sector.

Portfolio Pulse from Murtuza Merchant

May 13, 2024 | 6:15 pm

IVA

Inventiva SA's stock is trading higher after announcing positive results from its NATIVE Phase 2b trial of lanifibranor for MASH/NASH, showing significant improvement in cardiometabolic health markers. Despite a previous serious adverse reaction halting new patient enrollment in a Phase 3 trial, recent data highlights lanifibranor's efficacy in reducing fasting glucose levels, preventing progression to prediabetes, and improving cardiovascular risk profiles without adverse effects on weight.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 6:08 pm