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GE

The New York State Agency announced it failed to reach final contract agreements with three offshore wind projects, citing General Electric's decision to scrap its 18 MW turbine as causing material changes to the proposed projects. This development could impact the progress and implementation of these offshore wind initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:52 pm

NSANY

Nissan Motor Co Ltd has revised its annual profit outlook downwards by 14.5%, reducing its operating profit forecast from 620 billion yen to 530 billion yen for the fiscal year ending March 31, 2024. The company also adjusted its annual revenue expectation to 12.6 trillion yen from 13 trillion yen and lowered its sales volume forecast to 3.44 million units from 3.55 million units. This revision follows a decrease in sales volume and various cost reliefs made to suppliers. Additionally, Nissan plans to introduce 30 new models by fiscal 2026, including 16 electric vehicles, aiming to boost sales and reduce the cost of EVs by 30% by 2030. Nissan shares dropped by 3.86% to $7.11 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 4:51 pm

AAPL

VGK

EU regulators are set to approve Apple's proposal to open up its mobile payment technology next month, following adjustments made to the proposal after receiving feedback from rivals and users, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:41 pm

TSM

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) shares fell in early trading after the company adjusted its pricing model amidst a competitive environment. Analysts from Goldman Sachs and Needham reiterated Buy ratings with differing price targets. Despite a double-digit revenue growth forecast, volume recovery remains muted, with fab utilization rates expected to stay below 80% for most processes except 5nm, 3nm, and 8-inch. The company maintains its 2024 revenue guidance, expecting sequential growth, with AI being a significant growth driver.

Portfolio Pulse from Priya Nigam

April 19, 2024 | 4:31 pm

COIN

GIII

GLD

ORIC

TDG

Benzinga's Stock Whisper Index highlights five stocks: Coinbase Global, Oric Pharmaceuticals, SPDR Gold Trust, G-III Apparel Group, and Transdigm Group. These stocks are under the radar but have shown significant activity or developments. Coinbase saw a pullback amid Bitcoin volatility, Oric Pharmaceuticals progresses in a cancer trial, SPDR Gold Trust gains on gold's rise, G-III Apparel reports a sales miss, and Transdigm gets analyst attention with raised price targets.

Portfolio Pulse from Chris Katje

April 19, 2024 | 4:28 pm

TONUSD

USDTUSD

Tether (USDT) has been officially issued on the TON blockchain, as announced by Tether CEO Paolo Ardoino during Token2049 in Dubai. This move, highlighted by Telegram co-founder Pavel Durov, represents a significant step towards integrating blockchain technology with Telegram's platform, aiming to enhance user empowerment and financial democratization. The integration is expected to increase the utility of Telegram's blockchain, facilitate seamless transactions, and offer an alternative to traditional financial systems. This collaboration aligns with Telegram's strategy to engage users and provide monetization opportunities for developers and content creators.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 4:18 pm

META

BofA Securities analyst Justin Post reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $550, citing underappreciated AI assets and potential for revenue momentum in 2024. Post adjusted his revenue and EPS estimates for Q1 and Q2 based on positive ad checks, Easter benefits, and recent U.S. dollar depreciation. He highlighted Meta's strong AI capabilities, including an internal AI supercomputer and custom AI chips, as key drivers for future growth.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 4:05 pm

SHIBUSD

Shiba Inu (SHIB) sees a 55% spike in whale transactions and a 1.4% increase in price, amid broader crypto market optimism. Lucie, Shiba Inu's marketing lead, expressed confidence in the coin's future on X, highlighting its sustained position and development efforts. The Shibarium network launched a new UI update, enhancing user experience and wallet compatibility. Crypto investor Jake Gagain predicts SHIB could reach a $100 billion market cap by 2025, supported by IntoTheBlock and CoinGlass data indicating strong buying demand and market stability.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 3:51 pm

BRNS

Barinthus Biotherapeutics plc (NASDAQ:BRNS), previously known as Vaccitech plc, reported final topline results from the APOLLO trial of VTP-200 for low-grade cervical lesions associated with persistent hrHPV infection. The trial met its primary safety endpoint but showed no significant improvement in hrHPV or cervical lesion clearance rates in the overall pooled results, despite positive trends in higher dose cohorts. The company is evaluating future development options for VTP-200, while attention may shift to VTP-300 for chronic hepatitis B. BRNS shares dropped 5.90% to $2.71.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 3:49 pm

TVTX

Travere Therapeutics and CCL Vifor received European Commission approval for Sparsentan, a treatment for IgA Nephropathy. This marks a significant milestone in providing a new therapeutic option for patients with this kidney disease.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:41 pm