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AGRI

AgriForce Growing Systems has received an Australian patent (No. 2018215090) for a range of health-focused food products including high fiber, high protein, low carbohydrate flour, sweetened liquids, sweeteners, and cereals, along with their production methods.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:58 pm

PYPL

Deep-pocketed investors are showing a bearish sentiment towards PayPal Holdings (NASDAQ:PYPL), with a significant move detected by Benzinga's options scanner. The activity includes 30 unusual options activities, with a bearish majority of 76% and a bullish minority of 23%. The options trades suggest a target price range of $40.0 to $85.0 for PYPL over the next three months. The largest trades observed include both bearish and bullish sentiments, with notable trades in both calls and puts. PayPal, known for its electronic payment solutions and owning Venmo, has 426 million active accounts as of the end of 2023. The stock is currently down by -0.55% at $61.76, with an earnings announcement expected in 11 days. Market experts have issued ratings with a consensus target price of $68.0.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 7:16 pm

PEP

TSLA

PepsiCo has deployed 36 Tesla Semis for transporting chips and soda, falling short of its target to have 100 in use by 2023. The company indicates that plans for Tesla Semi deployment can change due to technology and infrastructure development needs.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 7:10 pm

SPOT

UMGNF

Taylor Swift's latest album, 'The Tortured Poets Department,' collaborates with TikTok, owned by ByteDance, featuring exclusive content for fans. This partnership marks a significant move after a previous dispute with Universal Music Group NV (UMGNF) kept Swift's music off the platform. The TikTok experience includes curated playlists, interactive challenges, and unlockable artwork. Additionally, the collaboration promotes TikTok's 'Add to Music App' feature, enhancing accessibility to the album on platforms like Spotify Technology SA (SPOT) and Apple Music. The album has become the most pre-saved on Spotify, indicating high engagement and potential listener retention.

Portfolio Pulse from Franca Quarneti

April 19, 2024 | 6:47 pm

DIA

NFLX

PARA

QQQ

SMCI

SMH

SPY

U.S. stocks are on track for another week of losses, with the Nasdaq 100 facing its worst week since late 2022 and the S&P 500 nearing a 6-day slide. Semiconductor stocks, tracked by the VanEck Semiconductor ETF, are significantly down. Geopolitical tensions and interest rate concerns are affecting investor sentiment. Gold prices surged, while Bitcoin saw a modest increase. Major ETFs like SPY, DIA, and QQQ showed mixed performance. Companies like Paramount Global, Super Micro Computer, and Netflix experienced notable stock movements due to various factors.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 6:37 pm

DOGEUSD

FLOKIUSD

Ahead of 4/20, a day celebrated in the cryptocurrency community, attention is on Dogecoin (DOGE) and its potential rally. Analyst Inmortal predicts a DOGE rally could also boost Floki Inu (FLOKI), with a specific confirmation level for FLOKI highlighted. Inmortal's analysis, based on bullish divergence and the current price trends, suggests a potential bottom formation for these meme coins and a bullish outlook for Bitcoin and Ethereum as well. The broader sentiment is optimistic, with advice for investors to focus on the long-term potential of the market.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 6:03 pm

LEVI

NKE

SKX

Wedbush analyst Tom Nikic maintained an Outperform rating on Skechers USA Inc (SKX) with a $68 price target, citing Eurozone challenges that may prevent an outlook raise. Nike Inc (NKE) and Levi Strauss & Co (LEVI) reported worsening EMEA trends, impacting SKX due to its significant sales in Europe. Despite strong demand and innovation, the analyst expects normalization in growth and a net EPS headwind from a stronger U.S. dollar. However, positives include product innovation, momentum in Asia, U.S. wholesale channel recovery, and a strong balance sheet.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 5:44 pm

BTCUSD

Industry leaders predict significant market shifts due to the upcoming Bitcoin halving, with expectations of a price surge and concerns over mining centralization. Jesper Johansen of Northstake anticipates strong upward price pressures post-halving, citing increased demand from Spot Bitcoin ETFs. Andreas Brekken sees the halving as a pivotal moment that could push Bitcoin towards $200,000. Concerns over mining centralization and its risks to Bitcoin's decentralized nature were highlighted, alongside the potential of Layer 2 solutions to diversify Bitcoin's use cases.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 5:24 pm

TSLA

General Motors (GM) and Ford Motor (F) are facing challenges in the EV market, similar to Tesla (TSLA), which has seen a significant share price drop. Both companies are focusing on gas-powered trucks and SUVs amid the EV sales slump. GM needs to address its strategy in China and the performance of its Cruise Robotaxi division, while Ford is slowing down its EV programs due to profitability concerns, delaying the launch of new EV trucks and focusing on hybrids.

Portfolio Pulse from Upwallstreet

April 19, 2024 | 5:17 pm

EOG

TTE

TotalEnergies SE (NYSE:TTE) shares rose after announcing a strategic partnership with OK Petroleum to distribute its products in Long Island, NY, and the acquisition of a 20% stake in the Dorado leases from Lewis Energy Group, enhancing its U.S. LNG business. Additionally, TotalEnergies launched a new battery storage project in Belgium, with a start-up expected by the end of 2025.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 5:10 pm