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NVS

Novartis AG (NYSE:NVS) shares rose after the company announced plans to file for Pluvicto's label expansion in H2 2024, based on positive Phase 3 PSMAfore study results. The study showed improved overall survival rates and a consistent safety profile for Pluvicto in advanced prostate cancer treatment. Additionally, Novartis confirmed its acquisition of MorphoSys for €2.7B. In 2023, Pluvicto sales reached $980 million.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 6:09 pm

TTWO

WBD

Despite the release of new blockbuster games in 2023, older titles like Take-Two Interactive's Grand Theft Auto 5 and Epic Games' Fortnite continue to dominate gaming playtime. A report by Newzoo highlights that 66 games accounted for 80% of playtime, with 60% going to games released six years ago or more. New releases struggled to make an impact, with only a few, including Warner Bros. Discovery's Hogwarts Legacy, making notable achievements.

Portfolio Pulse from Franca Quarneti

April 04, 2024 | 5:54 pm

KBUF

KPRO

KWEB

Henry Greene, Investment Strategist at KraneShares, highlights the investment opportunities in China's market, focusing on the internet and technology sectors due to low internet penetration and government support for domestic tech companies. He remains optimistic about China as an asset class despite geopolitical tensions, noting the KraneShares CSI China Internet ETF (KWEB) and its top holdings. KraneShares has also launched two ETFs, KPRO and KBUF, offering downside protection on KWEB. Greene believes China's stock market has bottomed, presenting a rare buying opportunity, especially in internet stocks and AI applications.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 5:20 pm

NXL

Nexalin Technology has been awarded a key patent for its Gen-3 HALO Clarity, a noninvasive brain stimulation technology for treating insomnia, depression, and anxiety. This technology allows for home treatment with remote physician monitoring. The patents, critical to Nexalin's strategy, extend through 2040.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:12 pm

MSFT

MSFX

XLK

Microsoft Corporation (MSFT) has entered into an eight-year strategic partnership with Cloud Software Group, involving a $1.65 billion commitment to Microsoft's cloud and AI capabilities. This collaboration will see Cloud Software Group's full transition to Microsoft 365 and enhance the Citrix platform's integration with Microsoft Azure, aiming to boost cloud migration and development of new solutions. MSFT shares rose 1.75% to $427.82, and the partnership is expected to positively impact MSFT stock and related ETFs like MSFX and XLK.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 5:08 pm

ANGO

AngioDynamics Inc. (ANGO) received FDA 510(k) clearance for its AlphaVac F1885 System for pulmonary embolism, expanding treatment options. The APEX-AV study showed significant improvements in patient outcomes. Despite a slight miss in Q3 2024 sales against consensus, the company's pro forma sales showed growth. AngioDynamics provided an upbeat FY2024 financial outlook, expecting sales between $270 million-$275 million and an adjusted EPS of $(0.54)-$(0.58), leading to an 11.9% increase in ANGO shares to $6.81.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 4:53 pm

ANSS

CLOD

QQQA

SNPS

Piper Sandler analyst Clarke Jeffries initiated coverage on Synopsys Inc (NASDAQ:SNPS) with an Overweight rating and a price target of $665, highlighting its solid growth, margin expansion, and potential from recent transactions including the acquisition of ANSYS, Inc (NASDAQ:ANSS). Synopsys' diverse product portfolio and position in semiconductor and system design tools are seen as key strengths. The stock has gained 53% in the last 12 months and is also part of ProShares Nasdaq-100 Dorsey Wright Momentum ETF (NASDAQ:QQQA) and Themes Cloud Computing ETF (NASDAQ:CLOD).

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 4:48 pm

VERI

Veritone shares surged following the announcement of its partnership with Grabyo, aiming to enhance live digital content production and utilize AI for content management and monetization.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:29 pm

BTCUSD

Crypto analyst Rekt Capital warns of a 'danger zone' for Bitcoin ahead of its halving event, predicting a potential 22% drawdown but downplaying fears of a major crash. The volatility is seen as within historical norms for pre-halving phases. The Bitcoin halving, reducing new bitcoins mined, is anticipated later this month, with market volatility expected to be a key challenge for investors.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 4:23 pm

EXLS

EXL Service, as reported by the Wall Street Journal, is cutting 800 jobs in a strategic shift towards focusing more on artificial intelligence (AI). This move indicates a significant pivot in the company's operational strategy, aiming to integrate more AI-driven processes and solutions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 4:22 pm