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SONY

Sony Group Corp. (NYSE:SONY) is preparing for the launch of the PS5 Pro, a more powerful version of its PlayStation 5 console, by the end of 2024. The PS5 Pro, codenamed Trinity, features significant upgrades including enhanced ray tracing, a faster CPU at 3.85GHz, and improved system memory with a 28% increase in bandwidth. It will also introduce PlayStation Spectral Super Resolution (PSSR) technology for better frame rates and image quality. Developers are encouraged to optimize games for the PS5 Pro, which may carry a 'Trinity Enhanced' label.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 6:28 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares are trading higher despite a downturn in crypto markets, attributed to positive analyst coverage from HC Wainwright & Co. and exceeding operational hashrate goals. The broader crypto market, including Bitcoin, faces declines, with mining stocks volatile ahead of Bitcoin's halving event. CleanSpark's efficiency improvements and strategic purchases position it well for post-halving dynamics.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 5:59 pm

ABBV

AbbVie (NYSE:ABBV) has seen a significant amount of options trading activity, with a bearish sentiment prevailing among investors. Analysis of 13 trades shows a split with 38% bullish and 61% bearish positions. The trading focused on a price range between $85.0 and $177.5. The largest trades include both puts and calls with varying sentiments and strike prices. AbbVie, a pharmaceutical company, has its stock currently up by 0.22% at $162.63. Analysts from Guggenheim and Barclays have issued buy and overweight ratings with target prices of $190 and $195, respectively.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:31 pm

BMY

Market whales have shown a predominantly bearish stance on Bristol-Myers Squibb (BMY), with 70% of recent options trades being bearish. Analysis of options trading for BMY reveals a focus on a price range between $44.0 and $55.0. Significant trades include both puts and calls, with a higher total trade price for puts. BMY's stock is currently up by 0.97% at $48.75, with an anticipated earnings release in 10 days. The company, a leader in immuno-oncology, derives 70% of its sales from the U.S.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:31 pm

FCOM

META

XLC

Meta Platforms, Inc (NASDAQ:META) will suspend its Threads app in Turkey due to an interim order from the Turkish Competition Authority, aiming for future reinstatement. The decision follows a disagreement over data sharing between Threads and Instagram. Meta plans to appeal the order and maintain dialogue with the TCA. Additionally, Meta has adjusted its ad-free service fees in Europe in response to the Digital Markets Act, affecting its ad personalization capabilities. META stock has seen a 134% increase over the last 12 months, with exposure available through ETFs like XLC and FCOM.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 5:30 pm

FEPI

MU

PSI

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Micron Technology, Inc (NASDAQ:MU) with a price target of $130, highlighting Micron's dominance in the high-bandwidth memory (HBM) market. Micron's HBM3E product is noted for its 30% greater power efficiency over competitors, leading to significant revenue visibility. The company has sold out its HBM capacity for 2024 and most of 2025, anticipating revenue growth from this segment. Micron's HBM market share is expected to align with its broader DRAM market share by 2025. Challenges in expanding HBM capacity are acknowledged, but Micron is committed to overcoming these hurdles. The next generation of HBM, HBM4, is expected to enter volume production around 2026. Micron stock has gained over 96% in the last 12 months. Investors can also gain exposure to Micron through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 5:26 pm

GE

GEV

GE Vernova Inc. (NYSE:GEV) shares are trading lower despite Mizuho analyst Maheep Mandloi initiating coverage with a Buy rating and a price target of $154. Mandloi highlights GE Vernova's strengths in the gas power business, wind business margin expansion, and growth in electrification and grid services. The analyst projects significant EBITDA growth in the Power and Wind businesses by 2026 and anticipates increased demand from AI/data center needs, leading to a 10% Adjusted EBITDA margin by 2026.

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 5:07 pm

UAL

United Airlines has announced the cancellation of its flight into Tel Aviv on Monday and the flight from Washington Dulles to Amman, Jordan on Tuesday, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:38 pm

FE

FirstEnergy Corp. (NYSE:FE) has reached a settlement for its Grid Modernization II plan in Ohio, aiming to deploy smart meters to an additional 1.4 million customers. The $421 million, four-year plan, pending approval by the Public Utilities Commission of Ohio (PUCO), builds on previous upgrades and includes a Smart Thermostat Rebate program. The plan could result in a monthly increase of about $1.50 for the average residential customer.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:37 pm

ETHUSD

SOLUSD

UNIUSD

Fred Krueger, a Bitcoin trader, expressed a negative outlook for Ethereum, citing challenges such as an investigation into the Ethereum Foundation, regulatory issues with UniSwap, the absence of an Ethereum-based ETF, stagnation in the NFT market, and competition from Solana. These factors, according to Krueger, undermine Ethereum's market position and question its value proposition, especially after its transition to proof-of-stake.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 4:35 pm