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MU

KeyBanc Capital Markets analyst John Vinh upgraded Micron Technology Inc. (NASDAQ:MU) to Overweight with a price target of $150, citing exceptional performance in HBM3E (High Bandwidth Memory) and its potential to dominate the HBM market. Vinh's analysis highlights Micron's thermal and power efficiency over competitors SK Hynix and Samsung, with a particular advantage in power consumption. The positive outlook is supported by Micron's expected revenue growth from HBM, projecting over $1 billion in HBM revenues in CY24. Technical analysis of Micron's stock shows bullish momentum, trading above key EMAs and a strong MACD, despite an RSI indicating overbought conditions.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 6:00 pm

AIRC

COIN

TLT

TSLA

TSM

Wall Street sees a cautious trading session with slight declines in major indices ahead of a data-rich week, focusing on March inflation data. Tesla rallies 4.5% on 'Robotaxi' news, while Bitcoin surpasses $71,500. The iShares 20+ Year Treasury Bond ETF weakens as Treasury yields rise. Oil prices drop 1% due to eased Middle East tensions. Apartment Income REIT surges 23% after Blackstone's acquisition announcement. Taiwan Semiconductor gains on US subsidy news, and Coinbase outperforms in the crypto sector.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 5:49 pm

ETHUSD

The Q1 report from IntoTheBlock highlights a 300% increase in the value of meme coins to $56 billion and significant developments in the cryptocurrency market, including the launch of nine new spot Bitcoin ETFs in the U.S. and the Ethereum Dencun upgrade. The Dencun upgrade, implementing EIP-4844, aims to lower transaction costs and improve scalability, marking a major step in Ethereum's evolution. These developments, along with the upcoming Bitcoin halving event, indicate a pivotal period for the cryptocurrency sector.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 5:42 pm

ALB

Deep-pocketed investors have shown a bullish sentiment towards Albemarle (NYSE:ALB), with options trading data from Benzinga indicating a significant interest in the stock. The analysis of options activities reveals a majority bullish outlook with a price target window of $90.0 to $135.0. Currently, ALB's stock price has increased by 6.76%, trading at $131.8. Professional analysts have mixed views, with an average price target of $121.5. The company is a leading lithium producer, vital for electric vehicle batteries.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

SOL

The Solana network is facing severe congestion due to a surge in spam transactions and meme coin activity, leading to delays and transaction failures. Developers are working on software patches and updates to address these issues. Despite the congestion, Solana has attracted significant attention and investment, partly due to its low transaction fees and the influx of new users drawn by meme coin activity. However, the network's current challenges could impact user experience and investor confidence if not resolved quickly.

Portfolio Pulse from Murtuza Merchant

April 08, 2024 | 5:27 pm

AGEN

AUUD

LGVN

Agenus Inc. experienced a significant drop of 17% in its stock price after announcing a 1-for-20 reverse stock split. Other stocks also showed notable movements, with Auddia Inc. surging 231.7% following a new U.S. patent award, and Longeveron Inc. climbing 93.2% after submitting paperwork for a share offering. UTime Limited, U Power Limited, and several other companies also saw significant gains. Conversely, 22nd Century Group Inc. and Perion Network Ltd. were among the top losers, with sharp declines in their stock prices.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:10 pm

CURLF

Recent developments in Europe's cannabis sector include the arrest of French mayor Jamilah Habsaoui with 70kg of cannabis resin found in her home, the closure of Christiania's Pusher Street in Denmark to halt cannabis sales, and the rapid growth of Poland's medical marijuana market, highlighted by Curaleaf International's expansion through the acquisition of Can4Med. Curaleaf Holdings Inc (OTCQX:CURLF) is recognized for its significant role in the European cannabis market.

Portfolio Pulse from Nina Zdinjak

April 08, 2024 | 4:50 pm

JWN

Nordstrom Inc. has appointed Lori Marten as the Executive Vice President and General Merchandising Manager of Nordstrom Rack, its off-price division. This move is part of Nordstrom's strategy to focus on growth and profitability, with plans to open 22 new Rack stores in addition to the 19 opened in 2023. Marten, a 25-year retail veteran, will lead the merchandising team and drive the merchandise strategy for both Nordstrom Rack stores and NordstromRack.com. The company reported a 14.6 percent increase in Rack's sales in the fourth quarter, contributing to Nordstrom's net earnings of $134 million for the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:47 pm

WAVE

Eco Wave Power Global's shares are trading higher following the announcement that the company has been chosen by an international energy company to conduct wave energy feasibility studies along the U.S. coastline.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:30 pm

TSLA

Elon Musk has projected that the first humans could land on Mars within the next seven years and aims to get people on the Moon within five years, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:30 pm