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EZGO

EZGO Technologies shares surged following the announcement of a $1.84 million procurement agreement for the sale of twelve security patrol robots and one intelligent patrol platform.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:04 pm

NKE

On CNBC, Nike CEO John Donahoe discussed various aspects of the company, including its overall business strategy, focus on wholesale, and commitment to women's basketball.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:50 pm

NXPL

NextPlat Corp (NASDAQ:NXPL) shares surged following the announcement of a definitive business combination agreement with its majority-owned subsidiary, Progressive Care Inc. The merger involves a NextPlat subsidiary merging with Progressive Care, with the latter becoming a wholly owned subsidiary of NextPlat, to be renamed Progressive Care LLC. Shareholders of Progressive Care will receive NextPlat's common stock, with the exchange ratio based on a 20-day volume-weighted average price of NextPlat's stock and a $2.20 per share valuation of Progressive Care. The deal is expected to close in Q3 2024, pending regulatory and shareholder approvals. NextPlat also reported a significant revenue increase for fiscal year 2023, attributing growth to healthcare operations and the Progressive Care consolidation. The company's gross margins improved, and it plans to launch new products, including a brand of vitamins and dietary supplements.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 2:45 pm

AZN

LLY

NVO

SNY

The European Medicines Agency's PRAC found no substantial evidence linking GLP-1 receptor agonists, used for type 2 diabetes and weight management, to suicidal behaviors. This follows similar findings by the FDA. Medications reviewed include those from Novo Nordisk, AstraZeneca, Sanofi, and Eli Lilly. The PRAC requested additional data from these companies and concluded no changes to product information are necessary, with companies to continue monitoring and reporting.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 2:40 pm

AMD

BABA

BIDU

INTC

PDD

Alibaba Group Holding Limited (NYSE:BABA) and its Chinese peers, including Baidu, Inc (NASDAQ:BIDU), JD.Com, Inc (NASDAQ:JD), and PDD Holdings Inc (NASDAQ:PDD), are trading lower amid China's retaliation against U.S. semiconductor sanctions. This includes directives to phase out foreign processors by 2027, impacting Intel Corp (NASDAQ:INTC) and Advanced Micro Devices, Inc (NASDAQ:AMD), with both companies seeing revenue reductions in China. Alibaba has also reduced its cloud service prices internationally by up to 59% due to competitive pressures and U.S. sanctions.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 2:29 pm

COIN

Pepe Coin perpetual futures will be listed on Coinbase International Exchange, sparking optimism among traders. The listing is set for April 18, with speculation about further listings on Coinbase Spot and Robinhood. Comparisons to Dogecoin's 2021 surge and a significant increase in trading volume and transactions over $100,000 highlight Pepe's growing interest. IntoTheBlock data shows 75% of Pepe holders are profitable, with a notable increase in trading volume outpacing Shiba Inu and Dogwifhat.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 2:28 pm

ZTS

Zoetis shares are trading lower after a Wall Street Journal report titled "What Killed Their Pets? Owners Blame Meds, but Vets Aren't Sure." This report has raised concerns among pet owners and investors regarding the safety and reliability of Zoetis' products, potentially impacting the company's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:06 pm

AEM

CNIKF

Canada Nickel Company (OTCQX:CNIKF) is accelerating the development of its Crawford nickel project in Ontario, with plans for a $1 billion processing plant. The project, expected to start production by end-2027, has a 41-year lifespan and significant nickel, cobalt, palladium, platinum, iron, and chromium resources. Agnico Eagle Mines (NYSE:AEM) holds a 12% stake in Canada Nickel, and Samsung SDI has secured an investment deal for an 8.7% stake and rights to 10% of the project's nickel-cobalt production.

Portfolio Pulse from Stjepan Kalinic

April 12, 2024 | 1:38 pm

ZTS

The Wall Street Journal reported on concerns among pet owners who blame Zoetis' arthritis medications for the deaths of their pets, although veterinarians remain uncertain about the cause. Zoetis maintains that side effects are rare and asserts the safety of its products.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:30 pm

AMZN

NVDA

SBUX

SMCI

TMUS

Nvidia Corp. (NVDA) has been highlighted as a standout stock, akin to collegiate basketball star Caitlin Clark, for its exceptional performance and earnings per share growth over the past decade. Despite a recent pullback, Nvidia's stock has returned about 2,070% in the last 10 years, outperforming all S&P 500 companies. Analysts predict Nvidia's dominance in the AI market could sustain its stock momentum, with an average price target suggesting nearly 10% upside. Nvidia's fiscal 2024 earnings growth was 586%, driven by strong sales of its AI chips.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 1:22 pm