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ARB

BEAM

RNDR

Popular crypto analyst Altcoin Sherpa shared his 2024 predictions for three altcoins: BEAM, ARB, and RNDR. He is 'hugely bullish' on BEAM, sees challenges for ARB with a potential decline to $1.20, and is optimistic about RNDR's recovery, suggesting buy-in points at the .382 and .50 Fibonacci retracement levels.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 5:55 pm

LUNR

SPCE

Blue Origin, founded by Jeff Bezos, announced its 7th crewed flight, NS-25, with a six-person crew, marking a return to human spaceflight after setbacks. The crew includes notable figures such as Ed Dwight and entrepreneurs from various fields. This follows a period of inactivity due to issues in an uncrewed flight in September 2022. The announcement comes amid increased interest in space travel, with recent achievements by Intuitive Machines and plans by Virgin Galactic to focus on profitability.

Portfolio Pulse from Chris Katje

April 12, 2024 | 5:47 pm

CRM

FEPI

MRAD

RBC Capital analyst Rishi Jaluria reiterated Salesforce Inc (CRM) with an Outperform rating and raised the price target from $325 to $350, citing enthusiasm for generative AI, significant growth in Data Cloud ARR, and impressive margin expansion. Salesforce's strategic focus on AI and Data Cloud is expected to drive long-term growth and margin gains, despite no immediate revenue from GenAI. The company's stock has seen a 55% increase over the last 12 months, and exposure to CRM can also be gained through FEPI and MRAD ETFs.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 5:42 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported Q1 revenue growth of 11% year over year to $4.728 billion, beating consensus but saw shares trading lower due to concerns over fee rate dynamics. Management fees missed consensus by 1%, with equity fee rates and Alts fee rate declining. iShares drove $55 billion of flows, and despite mixed results, future growth is anticipated with significant mandates in wealth, institutional, and Aladdin sectors.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 5:27 pm

CTLT

LLY

NVO

BMO Capital Markets initiated coverage on Novo Nordisk A/S (NVO) with an Outperform rating, highlighting its dominance in the obesity and diabetes drug market. The analysis points to Novo Nordisk and Eli Lilly (LLY) as leading players in this sector, with Novo's strong pipeline, including CagriSema and INV-202, expected to drive growth. The market, projected to reach over $130 billion, sees Novo and Lilly benefiting from manufacturing capabilities, with Catalent Inc (CTLT) also mentioned as a bolster to Novo's position. Trials for CagriSema and semaglutide are anticipated to push shares higher.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 5:22 pm

BOX

On CNBC, Box CEO Aaron Levie discussed the future of AI and the importance of its regulation. He emphasized the potential of AI to transform industries but also highlighted the need for careful oversight to ensure ethical use and prevent misuse.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:20 pm

ECL

Mizuho analyst John Roberts upgraded Ecolab Inc (NYSE:ECL) from Neutral to Buy and increased the price target from $216 to $260, citing the company's return to its historical pattern of consistently meeting or exceeding quarterly consensus estimates. The upgrade reflects confidence in Ecolab's recovery post-pandemic and its strong ESG model, which is expected to drive growth in cleaning chemical demand due to more consistent return-to-office trends and recovery in Asia tourism. The analyst maintains EPS estimates for 2024/2025/2026 and highlights Ecolab's investment in digitization and AI for future growth.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 5:15 pm

SPOT

Spotify Technologies SA (NYSE:SPOT) is introducing TikTok-inspired features allowing paid subscribers to remix tracks. These tools, part of the Spotify Premium and potentially a new 'Supremium' tier, aim to provide artists with new revenue streams by ensuring fair compensation for user-generated remixes. Unlike unauthorized remixes that lead to revenue loss, Spotify's initiative could help artists receive royalties directly, although remixes won't be shareable on third-party services.

Portfolio Pulse from Franca Quarneti

April 12, 2024 | 5:09 pm

BLK

JPM

The article discusses the significant role of crypto-native institutions in advancing the blockchain and cryptocurrency industry, highlighting their understanding and appreciation of decentralization from the industry's inception. It contrasts this with the gradual involvement of traditional financial giants like BlackRock (NYSE:BLK) and JPMorgan (NYSE:JPM), noting that while the entry of these institutions into the crypto space is important, the real driving force behind the industry's growth and innovation are the crypto-native entities. These institutions have been pivotal in major developments such as the rise of DeFi, Ethereum's migration to proof-of-stake, and the approval of Bitcoin ETFs.

Portfolio Pulse from Jupiter Zheng

April 12, 2024 | 4:58 pm

EZGO

EZGO Technologies Ltd (NASDAQ:EZGO) shares surged 44.83% to $2.26 after announcing a procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd, a subsidiary of Huiyu Holdings Group. Under the deal, EZGO will sell twelve security patrol robots and one intelligent patrol platform for $1.84 million, with delivery and installation within nine months. The robots feature advanced capabilities like self-navigation and live video streaming, intended for use in Huiyu Intelligent Innovation Park in Hangzhou, China.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 4:56 pm