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SPY

The U.S. Postal Service announced a 5-cent increase in the price of a First-Class Mail Forever Stamp, raising it from 68 cents to 73 cents. This adjustment is part of new stamp rates being implemented.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:17 pm

MRK

MRNA

Moderna Inc's stock rose after presenting positive Phase 1 trial results for its mRNA-4157 therapy in combination with Merck & Co's Keytruda for treating advanced unresectable HPV-negative head and neck carcinoma. The trial showed promising response rates and disease control, with the vaccine combination being safe and well tolerated. The companies are also collaborating on Phase 3 trials for melanoma and non-small cell lung cancer.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 6:16 pm

DKNG

Recent options market activity indicates a bullish sentiment towards DraftKings (NASDAQ:DKNG), with 68% of investors showing bullish expectations. The options trading focused on a price range between $30.0 and $55.0. DraftKings, a leader in online sports and casino gambling, is currently live with online sports betting in 24 states and iGaming in seven states. The stock is slightly down at $45.39 with an RSI indicating it may be approaching overbought. Analyst ratings have a consensus target price of $54.8, with varying opinions on the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:15 pm

AMZN

MSFT

TSM

Microsoft Corp (NASDAQ:MSFT) announced a $2.9 billion investment in Japanese data centers by 2025 to boost AI and cybersecurity, coinciding with Prime Minister Kishida's US visit. This move aligns with Tokyo's AI ambitions and positions Microsoft as a key cloud services provider, second to Amazon.Com Inc (NASDAQ:AMZN). Additionally, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plans to source 60% of materials locally for its Japanese chip facility by 2030, with significant Japanese government investment. AWS also commits $15.5 billion to Japanese operations from 2023 to 2027.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 6:07 pm

CRIT

FCX

GMET

Freeport-McMoRan Inc. (NYSE:FCX) received an upgrade to Buy from Neutral by BofA Securities with a price target of $59, driven by expectations of higher quality copper leverage, robust free cash flow, and significant gold revenue. The upgrade reflects the company's successful transition to underground mining and a bullish outlook on gold and copper prices. Investors can also gain exposure to FCX through CRIT and GMET ETFs.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 5:54 pm

CSCO

DIA

FCX

MRNA

NVDA

QQQ

SPY

Stocks fell ahead of key inflation data, with the S&P 500, Dow, and Nasdaq showing declines. Treasury yields dipped as bond demand rose, and gold prices reached new highs. Bitcoin saw a significant drop. Key ETFs like SPY, DIA, and QQQ moved lower, while specific stocks like NVDA, CSCO, MRNA, MP, and FCX experienced notable price movements due to various factors including analyst ratings and study results.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 5:53 pm

ITA

MISL

RTX

RTX Corporation's shares are trading lower despite the announcement of its Pratt & Whitney unit's North American Technology Accelerator (NATA) in Florida, aimed at enhancing commercial and military aftermarket operations. NATA focuses on material restoration, process automation, and advanced repairs to reduce costs, environmental impact, and improve customer value. A significant initiative includes additive repairs for GTF engine parts, with an anticipation of reclaiming $100 million in parts over five years.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 5:51 pm

AAON

AAON, Inc. has announced a partnership with the Department of Energy (DOE) aimed at accelerating the development and adoption of commercial heat pump technology. This collaboration is expected to enhance AAON's product offerings and potentially increase its market share in the heating, ventilation, and air conditioning (HVAC) sector.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:34 pm

UBSFF

Ubisoft SA accidentally leaked the release date and details for Star Wars Outlaws, set for August 30, 2024. The leak included information on Gold and Ultimate editions, both offering a Season Pass and early access. Pre-orders come with the Kessel Runner Bonus Pack. The game, developed by Massive Entertainment, is the first open-world adventure in the Star Wars universe, set between The Empire Strikes Back and Return of the Jedi.

Portfolio Pulse from Franca Quarneti

April 09, 2024 | 5:29 pm

SPRC

SciSparc has been granted a Canadian patent (#2984088) for combinations of cannabinoids and N-acylethanolamines. This patent covers treatments for various conditions including movement disorders, body-weight gain, confusion, disorientation, anxiety, and the prevention of pain.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 5:18 pm