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BAC

FTXO

KBWB

Bank of America Corporation (NYSE:BAC) announced that its virtual financial assistant, Erica, has exceeded 2 billion interactions since its 2018 launch. Erica serves individual and corporate clients, including those within Merrill, Benefits OnLine, and the CashPro platform. The assistant has handled 800 million inquiries from over 42 million clients and provided over 1.2 billion personalized insights. Bank of America has continuously improved Erica's performance with over 50,000 updates. Investors can also gain exposure to BAC through First Trust Nasdaq Bank ETF (NASDAQ:FTXO) and Invesco KBW Bank ETF (NASDAQ:KBWB). BAC will report its first-quarter 2024 results on April 16, and its shares were down 0.28% at $37.40 in the last check.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 3:29 pm

AAPL

Apple Inc (AAPL) faces growth concerns in China, impacting shares post-Q1 financial results. Wedbush analyst Daniel Ives, maintaining a Buy rating and $250 price target, notes China's demand environment as challenging but suggests results could be better than feared. Ives highlights steady iPhone builds and strength in other regions balancing out China's soft performance. He emphasizes the importance of the Chinese market for Apple, suggesting the iPhone 16 release could turn the situation around. Despite challenges, Ives remains bullish on Apple, citing factors like potential growth in 2024, the Services segment, and AI plans.

Portfolio Pulse from Chris Katje

April 09, 2024 | 3:24 pm

IDGT

INTC

SMCI

XMMO

Super Micro Computer, Inc. (NASDAQ:SMCI) announced new IoT and embedded systems powered by Intel Corp (NASDAQ:INTC) processors, aimed at enhancing AI applications at the edge. The new systems, designed for high performance and power efficiency, support up to 16GB of memory and feature dual 2.5 GbE LAN ports and a NANO SIM card slot. Super Micro's expansion into edge computing is expected to capitalize on the growing AI Server market, projected to exceed $200 billion by 2027-28. SMCI stock has seen a significant increase, gaining over 771% in the last 12 months, and is included in the Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT). However, SMCI shares recently traded lower by 4.52% at $886.40.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 3:22 pm

ETH-USD

SOL-USD

Monad Labs has successfully raised $225 million in a funding round led by Paradigm for the development of its Layer-1 blockchain, aiming to compete with Ethereum and Solana by offering faster transactions, higher volume, and lower costs. The funding, which is the largest crypto fundraiser of 2024, also saw participation from Electric Capital and Greenoaks. Monad's blockchain will be compatible with the Ethereum Virtual Machine, facilitating easy transfer of applications from Ethereum. The company plans to launch its mainnet by the end of 2024.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 3:20 pm

AVGO

GOOG

HACK

TRFK

Broadcom Inc (NASDAQ:AVGO) and Alphabet Inc's Google Cloud (NASDAQ:GOOG, NASDAQ:GOOGL) have expanded their partnership to optimize Broadcom's VMware workloads for Google Cloud, incorporating AI capabilities into Broadcom's offerings and planning joint go-to-market initiatives. This collaboration aims to enhance customer experiences and simplify cloud deployments. Broadcom is highlighted as a top pick in the AI sector, with analysts projecting significant revenue and EPS growth by 2024. Broadcom stock is also accessible through Pacer Data And Digital Revolution ETF (NYSE:TRFK) and Amplify Cybersecurity ETF (NYSE:HACK).

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 3:19 pm

FFIE

Faraday Future Intelligent Electric's stock is trading higher following the announcement of a new sales entity in Dubai, Middle East.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:17 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, with an equal split between bullish and bearish sentiments among investors. Notable trades include both calls and puts, targeting a price range of $65.0 to $90.0. The company, which specializes in energy drinks, has a strong market presence in North America and a strategic partnership with PepsiCo. Currently, CELH's stock is slightly up, with a neutral RSI and an upcoming earnings report. Market experts have issued positive ratings, with a consensus target price of $95.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 3:15 pm

CAT

Caterpillar (NYSE:CAT) has seen significant options trading activity, with a bearish sentiment prevailing among traders. Analysis revealed 11 unusual trades, with 54% showing bearish tendencies. The major market movers are focusing on a price band between $330.0 and $400.0 for Caterpillar. The company is the world's largest manufacturer of heavy equipment, with a current stock price of $367.06, down by -1.72%. An analyst from Truist Securities downgraded the stock to Buy, with a price target of $390.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 3:15 pm

MRNA

Moderna shares are trading higher after the company released positive data on mRNA-4157 for head and neck carcinoma.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 3:13 pm

NVDA

NVIDIA shares are experiencing a downturn due to the overall weakness in tech stocks, with investors cautious ahead of the upcoming Wednesday inflation data. Additionally, the stock faces pressure following reports that Google has introduced an Arm-based data center processor, potentially impacting NVIDIA's market position.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:49 pm