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AAPL

Ming-Chi Kuo, a renowned Apple analyst, shared on X that Apple has reduced its shipment forecasts for the Vision Pro for the years 2024 and 2025. This adjustment is seen as unfavorable for the trends in mixed reality (MR) headsets, Pancake optics, and Micro OLED technology.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:55 pm

GM

TSLA

General Motors (NYSE:GM) exceeded Q1 2024 expectations with a 7.6% revenue increase to $43.01 billion and a 26% net income rise to $2.95 billion, surpassing LSEG estimates. North America led with a 7.4% earnings increase to $3.84 billion. Despite losses in China and other markets, GM raised its 2024 guidance, including adjusted EBIT, EPS, and cash flow forecasts. GM's EV production remains on target, aiming for profitability in North America's EV sector in H2 2024. Tesla (NASDAQ:TSLA) reported its first YoY global sales drop and anticipates slower growth, highlighting the competitive EV landscape.

Portfolio Pulse from Upwallstreet

April 23, 2024 | 4:50 pm

VUZI

Vuzix has received additional orders for its M400 Smart Glasses from a global retailer, marking an expansion in its enterprise penetration as an industry leader in providing tools for improved warehousing solutions. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:47 pm

RVSN

Rail Vision has received a Notice of Allowance for its U.S. patent application 1717/258,446, which is focused on a method and system for railway obstacle detection based on rail segmentation. This development marks a significant milestone for Rail Vision, potentially enhancing its technological edge in the railway safety and monitoring sector.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:38 pm

APD

EWC

Air Products announced plans to build a network of commercial-scale multi-modal hydrogen refueling stations between Edmonton and Calgary, Alberta, Canada. This initiative aligns with Canada's climate and energy goals and supports the 5,000 Hydrogen Vehicle Challenge.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 4:21 pm

ABEO

CYN

JBLU

LKQ

OPRT

PALI

U.S. stocks traded higher with the Dow Jones gaining over 200 points. Cyngn Inc. surged 70% after announcing a supply agreement with John Deere. Oportun Financial and Palisade Bio also saw significant gains following positive announcements. Conversely, JetBlue Airways, Abeona Therapeutics, and LKQ Corporation experienced notable declines due to disappointing financial results and outlooks. The S&P Global services PMI fell to 50.9, missing estimates and indicating a slowdown in service sector growth.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 4:21 pm

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