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AKAM

EGIO

MSFT

Citron Research highlighted that Microsoft ($MSFT) has switched from using Akamai Technologies ($AKAM) to Edgeio ($EGIO) for its services, citing better tools, pricing, and support by Edgeio. Citron questions why Edgeio's stock isn't valued at $60 today, referencing the information from Copilot.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:08 pm

BTCUSD

ETHUSD

RNDRUSD

SOLUSD

Arthur Hayes, co-founder of BitMEX, expressed a bullish sentiment on Twitter following a significant market selloff, sparking a discussion on potential rebound investments. Suggestions included Render Network (RNDR), Boden (BODEN), Ethereum (ETH), and Solana (SOL), with varying opinions on their potential. The market context includes a recent plunge in Bitcoin's price and a $2 billion liquidation in futures positions, setting the stage for a recovery discussion ahead of the Benzinga Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 2:05 pm

QTWO

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, has partnered with the Los Angeles Police Federal Credit Union (LAPFCU) to modernize and enhance digital accessibility for its members. LAPFCU, with over 45,000 law enforcement personnel and their families, will transition to Q2's digital banking platform, integrating third-party fintech solutions through Q2 Innovation Studio and Q2 Marketplace. This partnership aims to provide LAPFCU members with a robust digital banking experience, mirroring the capabilities of in-branch and call center services.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:04 pm

The U.S. National Highway Traffic Safety Administration (NHTSA) is investigating complaints of brake assist loss in 3,322 General Motors Company (NYSE:GM) Cadillac Lyriq EVs from the 2023 production year. Reports indicate issues with a firm brake pedal and a 'Brake System Failure' notification. GM identified the cause as a potential fracture in the electronic brake control module's internal spindle during ABS events. GM plans to address this issue with an over-the-air update for affected vehicles. GM shares rose 0.33% to $43.22 following the news.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 2:04 pm

Dominion Energy announced the successful launch of Charybdis, the first Jones Act-compliant offshore wind turbine installation vessel, from the Seatrium AmFELS shipyard in Brownsville, Texas. This marks a significant milestone for the Coastal Virginia Offshore Wind (CVOW) project, which also received its final federal permit, allowing offshore construction to begin in May. The vessel, constructed with over 14,000 tons of domestic steel, is designed for turbines of 12 megawatts or larger and represents a major step in the U.S. energy transition and offshore wind industry development.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 2:02 pm

LGVN

MRNS

ONVO

SNGX

U.S. stocks saw an uptick with the Dow Jones rising over 300 points, attributed partly to Goldman Sachs' better-than-expected earnings report. Goldman Sachs reported a Q1 revenue of $14.21 billion and EPS of $11.58, surpassing consensus estimates. In other market news, Soligenix, Longeveron, and Organovo Holdings experienced significant share price increases due to positive company developments, while Marinus Pharmaceuticals, ProMIS Neurosciences, and PaxMedica saw their shares decline.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 2:00 pm

MRNS

NMTR

TSLA

The article covers a range of topics from cryptocurrency developments, including Dogecoin's potential bull market milestone and regulatory approval for Bitcoin and Ethereum ETFs in Hong Kong, to significant movements in the US stock market with mentions of specific companies like Marinus Pharmaceuticals and Neumora Therapeutics. It also touches on US and world politics, the US economy, tech industry updates including Apple and Nvidia, electric vehicle news with a focus on Tesla's layoffs and competition from Hyundai and Nio, consumer market moves, communication sector challenges for Elon Musk, industrial sector deals, and a general note on Elon Musk's past.

Portfolio Pulse from Akanksha Bakshi

April 15, 2024 | 1:58 pm

BUD

STZ

Constellation Brands (NYSE:STZ) reported a strong fourth quarter, driven by its beer segment's growth, offsetting weakness in wine and spirits. Revenue reached $2.3 billion, with earnings per share at $2.26, both surpassing estimates. Modelo Especial became the top beer in U.S. dollar sales. Full-year net sales rose 5%, with net income up 12%. The company raised its full-year earnings and sales forecasts, expecting beer sales to grow by 10%. Anheuser Busch InBev SA (NYSE:BUD) saw a drop in North American beer sales but growth in non-alcoholic beer, reflecting a shift towards health-conscious consumer behavior.

Portfolio Pulse from Upwallstreet

April 15, 2024 | 1:52 pm

AAPL

MSFT

NVDA

Wedbush analyst Dan Ives predicts a robust tech earnings season ahead, expecting tech stocks to rally 15% in 2024. He highlights Nvidia and Microsoft as leaders in the AI revolution, contributing to a projected $1 trillion spending over the next decade. Ives views the current market as a golden buying opportunity, especially in cybersecurity, AI, digital marketing, and advertising. He specifically notes Microsoft's integration of AI across its portfolio as a pivotal moment, akin to Apple's iPhone launch, and praises Apple's strong base for its AI future.

Portfolio Pulse from Rounak Jain

April 15, 2024 | 1:41 pm

IMMX

Immix Biopharma announced that an abstract on clinical data for its next-generation CAR-T therapy, NXC-201, targeting relapsed/refractory AL amyloidosis, has been accepted for oral presentation at the 27th Annual Meeting of the American Society of Gene & Cell Therapy (ASGCT) in Baltimore, scheduled for May 7-11, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:38 pm