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TSLA

Tesla is launching the new Model 3 Performance today, featuring all-wheel drive at a price of $52,990. This launch could potentially impact Tesla's market position by attracting more customers looking for high-performance electric vehicles at a competitive price point.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:16 pm

AAWH

At the Benzinga Cannabis Capital Conference, experts from Ascend Wellness Holdings, Flowhub, Surfside Solutions Inc., and C3 Industries discussed improving the retail experience for marijuana consumers. They emphasized the importance of a well-balanced product menu, value points including pricing and assortment, the role of technology in enhancing customer experience, and the need for consistency across store locations. The discussion also covered the significance of focusing on core revenue-generating customers and managing information overload to improve customer engagement.

Portfolio Pulse from Nina Zdinjak

April 23, 2024 | 4:16 pm

WOLF

Investors and traders have shown a significant interest in Wolfspeed (NYSE:WOLF) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 13 unusual options trades, indicating a split sentiment with 46% bullish and 38% bearish. The trades include 8 puts and 5 calls, targeting a price window of $12.5 to $30.0 for Wolfspeed. The company, specializing in wide bandgap semiconductors, saw its stock price decrease by -2.59%, with a current price of $23.32. Analysts have set an average price target of $31.0, with mixed ratings from Deutsche Bank, Mizuho, Susquehanna, and JP Morgan.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 4:15 pm

PALI

Palisade Bio, Inc. (NASDAQ:PALI) shares surged after announcing a collaboration with Strand Life Sciences to advance precision medicine for ulcerative colitis therapy. This partnership aims to utilize bioinformatics for developing personalized therapies, leveraging patient datasets for their lead program, PALI-2108. Additionally, Palisade Bio has an average 1-year price target of $22.50, indicating a significant upside potential.

Portfolio Pulse from Erica Kollmann

April 23, 2024 | 4:06 pm

CYN

Cyngn Inc. (NASDAQ:CYN) shares surged after announcing a deal to supply DriveMod Tuggers for industrial automation to John Deere's operation in Dubuque, Iowa. The company's stock experienced heavy trading volume, with over 160 million shares traded, significantly above its 100-day average of 10 million shares. Cyngn, known for developing AI-powered autonomous vehicles, saw its stock price increase by 59% to 19 cents.

Portfolio Pulse from Erica Kollmann

April 23, 2024 | 4:00 pm

DIA

IWM

QQQ

QQQM

SPY

Major indexes have seen an increase as investors evaluate PMI and new home sales data, along with earnings reports from various sectors. Semiconductor stocks have rebounded after a decline on Friday.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 3:51 pm

META

Meta Platforms, Inc. has introduced video calling features to its Ray-Ban smart glasses, enabling users to make calls through WhatsApp and Messenger. This update signifies Meta's ongoing efforts to integrate its social media services more deeply with wearable technology, potentially increasing user engagement across its platforms.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 3:50 pm

LLY

Market whales have shown a bullish stance on Eli Lilly and Co (NYSE:LLY), with 55% of detected trades being bullish and 20% bearish. The trading activity focuses on a price range between $600.0 and $1160.0. Notable options activity includes both puts and calls with varying sentiments and strike prices. Eli Lilly, a drug firm specializing in several therapeutic areas, has seen its stock price increase by 1.41%, with a current price of $741.64. The next earnings report is expected in 7 days.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 3:45 pm

META

Meta is integrating video calling features between WhatsApp and Messenger, allowing users to share their views during a video call, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 3:43 pm

DOGEUSD

PEPEUSD

SHIBUSD

Cryptocurrency trader Vapor predicts that at least three meme coins will surpass a $100 billion market cap, highlighting their advantages over other crypto investments. Meme coins are seen as simpler, more sustainable, more liquid, and safer than other options. The Benzinga Twitter poll showed GME Coin, Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) as top meme coins according to readers' votes. This prediction underscores the growing influence and potential of meme coins in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

April 23, 2024 | 3:39 pm