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MSFT

Conduent Inc's shares surged after announcing the sale of its Casualty Claims Solutions business to MedRisk for $240 million. The deal includes workers' compensation and auto casualty bill review solutions, and the Strataware bill review software products. Conduent also reported a slight sales decline in Q1 FY24 but beat analyst estimates. Additionally, Conduent has partnered with Microsoft to use Azure OpenAI Service and sold its Curbside and Public Safety Solutions businesses to Modaxo.

Portfolio Pulse from Shivani Kumaresan

May 03, 2024 | 3:43 pm

LNG

Cheniere Energy's Chief Commercial Officer, Feygin, reported a shift in the LNG market from Europe to Asia, with a 13% drop in LNG demand in Europe during Q1 due to high storage levels, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:30 pm

TDS

TDS Telecommunications LLC reported significant growth in its first quarter earnings, highlighting a 5% increase in total operating revenues and a milestone of exceeding 100,000 residential broadband connections in its expansion markets. The company added 28,000 marketable fiber service addresses this quarter, aiming for 125,000 by year-end. TDS Telecom's fiber strategy has led to a 12% year-over-year growth in total service addresses and improvements in profitability. The company is progressing towards its long-term goals, including reaching 1.2 million marketable fiber service addresses and increasing the percentage of service addresses served with fiber. Demand for higher broadband speeds is rising, with significant customer uptake of 100 Mbps or greater and 1 Gig or higher speeds. TDS Telecom's residential broadband connections grew by 6%, contributing to a 10% increase in total residential revenue.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:25 pm

AMD

NVDA

SMCI

Nvidia Corporation (NASDAQ:NVDA) is experiencing contrasting opinions with analysts maintaining a bullish stance, projecting a price target of $949.36, while Reddit users predict a drop to $800 due to market trends and supply chain issues. Technical indicators support a bullish outlook, but concerns over supply chain constraints, similar to those faced by Super Micro Computer Inc (NASDAQ:SMCI) and Advanced Micro Devices Inc (NASDAQ:AMD), fuel bearish predictions from Reddit.

Portfolio Pulse from Surbhi Jain

May 03, 2024 | 3:24 pm

AMGN

Amgen Inc (NASDAQ:AMGN) reported Q1 earnings with an adjusted EPS of $3.96, surpassing the consensus estimate of $3.87. Sales rose 22% Y/Y to $7.45 billion, beating estimates. The company forecasts full-year 2024 adjusted EPS of $19-$20.20, against a consensus of $19.48. Amgen is discontinuing AMG 786, an obesity drug candidate, to focus on MariTide, which is seen as a potential standout therapy. William Blair upgraded Amgen to Outperform, citing confidence in MariTide's efficacy and safety. Despite competition from Novo Nordisk and Eli Lilly, MariTide is expected to significantly impact Amgen's share prices positively.

Portfolio Pulse from Vandana Singh

May 03, 2024 | 3:24 pm

JNJ

Johnson & Johnson announced that its TAR-200 monotherapy has shown a greater than 80% complete response rate in patients with high-risk non-muscle-invasive bladder cancer. The Phase 2b Sunrise-1 study revealed that 98% of patients achieved a complete response within 12 weeks.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 3:20 pm

BTCUSD

Edward Snowden has expressed concerns over Bitcoin's privacy protocols following zkSNACKs' announcement to discontinue CoinJoin coordination service on Wasabi Wallet, which enhances transaction anonymity. Snowden emphasizes the need for privacy at the Bitcoin protocol level, marking this as a 'final warning'. The discontinuation of CoinJoin highlights challenges in balancing regulatory compliance with user privacy in the cryptocurrency world.

Portfolio Pulse from Murtuza Merchant

May 03, 2024 | 3:03 pm

AAPL

AMGN

LLY

NVO

SPY

The stock market is poised for an upswing as wage growth slows, signaling potential for lower inflation and interest rate cuts. SPDR S&P 500 ETF Trust (SPY) reflects this optimism. Apple Inc's (AAPL) earnings were in line with expectations, but its largest buyback announcement and optimistic guidance are driving positive sentiment. Amgen Inc (AMGN) is up on promising drug data, affecting competitors Eli Lilly (LLY) and Novo Nordisk (NVO). Early trades show positive money flows in major tech stocks and ETFs like Amazon (AMZN), Alphabet (GOOG), Meta Platforms (META), Microsoft (MSFT), NVIDIA (NVDA), Tesla (TSLA), and Invesco QQQ Trust (QQQ). Gold, oil, and Bitcoin also see buying interest.

Portfolio Pulse from The Arora Report

May 03, 2024 | 2:59 pm

CRWD

EBS

KIND

NIO

PLUG

Benzinga's Stock Whisper Index highlights NIO, EBS, PLUG, CRWD, and KIND as stocks to watch. NIO reported a significant increase in vehicle deliveries, EBS beat Q1 financial expectations and raised revenue guidance, PLUG announced new contracts and a safety certification, CRWD expanded its partnership with AWS, and KIND anticipates better-than-expected Q1 results.

Portfolio Pulse from Chris Katje

May 03, 2024 | 2:51 pm

CMG

Options market activity for Chipotle Mexican Grill (CMG) shows a mix of bullish and bearish sentiment among investors, with a notable volume of trades aiming for a price range between $2330 and $3700. Recent options trades include both calls and puts with varying sentiments and strike prices. Chipotle, the largest fast-casual chain in the US, is currently trading at $3155.82, with analysts giving mixed ratings and price targets ranging from $2700 to $3200.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:46 pm