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AGI

FCX

HBM

TSLA

Bank of America projects gold prices to reach $3,000 per ounce by 2025, driven by strong demand from central banks and anticipated investor return as interest rates drop. The bank also warns of a copper supply crisis, predicting prices to hit $12,000 per tonne by 2026 due to green technology investments and global economic recovery. Alamos Gold Corp. (AGI), Freeport-McMoran Inc. (FCX), and Hudbay Minerals Inc. (HBM) ratings were upgraded to Buy, while Tesla Inc. (TSLA) is noted for reducing copper use in its latest EV technology.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 2:44 pm

GOOG

GOOGL

SPY

TLRY

Google announced the launch of its ARM-based data center processors, leading to potential shifts in the tech and data center markets. Meanwhile, Tilray's performance has negatively influenced the cannabis sector, contributing to a downturn. Additionally, the S&P 500 experienced a decline, reflecting broader market sentiments.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:33 pm

VINC

Vincerx Pharma Inc (NASDAQ:VINC) reported preliminary Phase 1 data for VIP236 and updates on its pipeline at the AACR Annual Meeting 2024. The data showed no dose-limiting toxicity and stable disease in some patients. Additionally, Vincerx presented promising preclinical results for its VersAptx platform. Despite these updates, VINC shares plummeted by 73.30% to $1.27.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 2:29 pm

TLRY

The anticipation for the 4/20 cannabis festivities is high, with predictions of a significant increase in consumer traffic and sales. Retailers are focusing on strategic promotions and online ordering to enhance the shopping experience. Tilray Brands (NASDAQ:TLRY) is leading with new products across its brands. Dr. Dabber introduces innovative vaporizers with advanced technology. The Benzinga Cannabis Capital Conference in Florida is highlighted as a key event for industry networking and growth.

Portfolio Pulse from Nicolás Jose Rodriguez

April 09, 2024 | 2:29 pm

LCID

QCLN

RNEW

Lucid Group, Inc. (NASDAQ:LCID) shares rose by 4.7% after reporting a production of 1,728 vehicles for Q1 2024, despite a decrease from the previous year's 2,314 vehicles. The company also delivered more vehicles than in Q1 2023. Lucid recently secured a $1 billion investment from Ayar Third Investment Company for general corporate purposes. LCID's stock has declined over 65% in the past year. Investors can also gain exposure to LCID through ETFs like QCLN and RNEW.

Portfolio Pulse from Nabaparna Bhattacharya

April 09, 2024 | 2:16 pm

BPTS

Biophytis SA (NASDAQ:BPTS) announced the launch of the OBA clinical development program for obesity treatment with BIO101 and shared positive results from the COVA trial for COVID-19, leading to a 22.30% increase in its stock price.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 2:06 pm

TXT

Textron's Cessna Aircraft division has successfully entered into service following the first deliveries of its aircraft. This marks a significant milestone for Textron, indicating potential growth in its aviation segment.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:04 pm

CRM

FDTX

FEPI

IQV

Salesforce, Inc. (CRM) and IQVIA Holdings, Inc. (IQV) have expanded their global strategic partnership to develop the Life Sciences Cloud, aiming to enhance customer engagement in the life sciences sector. The partnership involves IQVIA licensing its Orchestrated Customer Engagement (OCE) CRM-related software to Salesforce, with the new platform expected to launch in 2025. IQVIA will also continue to market and support the OCE CRM product until 2029. This collaboration is seen as a significant step for Salesforce's Life Sciences Cloud innovation. Additionally, investors can gain exposure to Salesforce through REX FANG & Innovation Equity Premium Income ETF (FEPI) and Fidelity Disruptive Technology ETF (FDTX). CRM shares saw a 0.55% increase to $303.40.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 2:03 pm

BNY Mellon and Kyriba have announced a collaboration to integrate BNY Mellon's LiquidityDirect short-term investment platform with Kyriba's scalable SaaS treasury and finance solutions. This partnership aims to enhance the offerings of both companies by providing clients with a more comprehensive and efficient financial management tool.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 2:02 pm

PFE

Recent options trading activity for Pfizer (NYSE:PFE) shows a bullish sentiment among investors, with 71% of trades being bullish. The trading activity suggests investors are targeting a price range of $20.0 to $37.0 for Pfizer in the coming months. Notable options activity includes both calls and puts with varying sentiments and strike prices. Pfizer, a leading pharmaceutical company with annual sales close to $50 billion, has seen its stock price increase by 0.75% to $26.78, with an upcoming earnings report in 22 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:01 pm