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XOM

Exxon announced it will temporarily shut down two of its oil projects in Guyana for two weeks each to connect pipelines. This operational decision is aimed at enhancing the infrastructure for oil extraction and transportation in the region.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:49 pm

LLY

Lilly's executive announced during a conference call that the approval of Mounjaro Multi-Dose Kwikpen in Europe was received slightly ahead of the company's expectations. This early approval has given the company additional confidence in its ability to launch the product.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:47 pm

LLY

Eli Lilly expects acceleration and revenue growth through H2 2024 due to increased supply of incretin medicines. The company is investing to expand capacity for these medicines. Additionally, Eli Lilly anticipates CMS and Medicare coverage for Zepbound, its obstructive sleep apnea treatment, at launch.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:47 pm

LLY

Eli Lilly is intensifying efforts to increase the supply of Tirzepatide, expecting significant shipment volume growth in H2 2024. The company confirms it is on track to meet its previously set production goals for incretin medicines, projecting at least a 1.5x increase in salable doses of incretin medicine in H2 2024 compared to H2 2023.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:46 pm

LLY

Eli Lilly is advancing its plans to boost manufacturing capacity, including FDA approval for a Wisconsin facility acquired from Nexus Pharma. The company aims to start production by the end of 2025, as demand for Tirzepatide still exceeds supply despite increased production.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:46 pm

IBM

IBM's board of directors has approved an increase in the quarterly cash dividend from $1.66 to $1.67 per share, marking the 29th consecutive year of dividend increases. This dividend is payable on June 10, 2024, to shareholders of record as of May 10, 2024. IBM has a long history of paying quarterly dividends since 1916. CEO Arvind Krishna highlighted IBM's focus on hybrid cloud and AI technologies, which are driving growth and enabling continued innovation and shareholder returns.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:41 pm

VKTX

Whales show a bullish stance on Viking Therapeutics (NASDAQ:VKTX), with significant options trading activity indicating a price target range of $20 to $120. The majority of trades are calls, suggesting optimism about the stock's future performance. Viking Therapeutics specializes in biopharmaceutical development for metabolic and endocrine disorders. The stock is currently up 0.74% at $75.97, with an RSI indicating it may be approaching overbought territory. Analysts have set an average target price of $90, with a recent downgrade to Buy by HC Wainwright & Co.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:31 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

Today's Market Clubhouse Morning Memo focuses on trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, offering detailed analysis and price targets based on a proprietary formula. The memo highlights potential breakouts or reversals for these stocks and ETFs, advising traders to stay alert to market conditions. Significant economic data releases and post-market earnings from major companies are expected to contribute to market volatility. The memo is part of exclusive content provided to Market Clubhouse members, offering insights and real-time mentorship from pro trader RIPS.

Portfolio Pulse from RIPS

April 30, 2024 | 2:19 pm

HPH

Highest Performances Holdings Inc. (NASDAQ:HPH) has signed a third supplementary agreement with White Group to fund Zhongxin International Sports Group for bidding on sports event intellectual property rights. HPH will acquire 26.5% equity in Zhongxin and jointly invest in major sports events with White Group, including International Tennis Federation events and Formula 1 World Championship events in China.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:13 pm

CZR

Caesars Entertainment, Inc. (NASDAQ:CZR) announced a comprehensive upgrade to its Caesars Palace Online Casino mobile app on iOS and Android, featuring a multi-lobby navigation layout, enhanced user experience, and integration with Caesars' loyalty program. The upgrade includes speed enhancements, a customized interface, and a pipeline of new games, aiming to set industry standards in online casino gaming. The app's integration with Caesars Rewards allows for earning rewards through online play, redeemable for various experiences and bonus cash.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:07 pm