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SWAV

The PCE Index report, seen as a key inflation metric by the Federal Reserve, showed mixed signals, leading to debates among hawks and doves regarding interest rate directions. Shockwave Medical ($SWAV) received a takeover offer from Johnson & Johnson (NYSE:JNJ), significantly boosting its stock price. Enrique Abeyta highlighted a technical indicator predicting stock market trends. Nvidia ($NVDA) lost a $750MM order to Samsung, marking its first loss of the year. Consumer confidence remains stable, but future expectations suggest a potential recession.

Portfolio Pulse from Gary Brode

April 03, 2024 | 2:23 pm

RVSN

Rail Vision Ltd. (NASDAQ:RVSN) shares rose after announcing an order for its AI-driven Switch Yard System from Loram, marking the start of a pilot project aimed at improving rail track maintenance. Success could lead to broader integration of Rail Vision's solutions in Loram's services nationwide. Despite a 71% loss in the past year, RVSN shares increased by 4.97% to $2.1099.

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 2:18 pm

F

SPOT

VGK

Eurozone March inflation showed a decrease, contributing to a positive outlook for the region's economy. Ford reported an increase in electric vehicle (EV) sales, indicating strong demand and growth in the EV sector. Spotify is reportedly raising its prices, which could impact its subscriber growth and revenue.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 2:06 pm

ABBV

FGEN

FibroGen Inc (NASDAQ:FGEN) released early data from a Phase 1 study of FG-3246 for prostate cancer, showing promising results. The study, sponsored by Fortis Therapeutics, indicated significant PSA reductions and partial responses in patients. Despite adverse events similar to other MMAE-based ADCs, the efficacy metrics are encouraging. William Blair suggests further exploration, noting plans to improve FG-3246's effectiveness, including a dosing scheme inspired by AbbVie Inc's (NYSE:ABBV) Elahere. FibroGen plans to consult with the FDA and start a Phase 2 study later this year. FGEN shares dropped 18.30% to $1.77.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 2:02 pm

WMG

Warner Music Group Corp. (WMG) shares are experiencing an uptick, potentially in response to reports that Spotify is increasing its prices. This development could have positive implications for WMG's revenue, as higher Spotify prices might lead to increased royalty payments to music labels and artists.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:58 pm

F

Ford Motor Co (NYSE:F) shares rose after reporting a 6.8% increase in U.S. sales in Q1, with electric vehicle sales up 86.1%. The company highlighted strong sales across gas, hybrid, and electric vehicles, including a record in hybrid sales. The new F-150 and Ranger models are expected to bolster Ford's position in various vehicle segments. Ford anticipates reporting Q1 earnings of 49 cents per share on $40.71 billion in revenue.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 1:54 pm

TSLA

Tesla Inc (NASDAQ:TSLA) plans to scout locations in India for a new EV plant, focusing on states with automotive manufacturing or ports for export. The company intends to invest $2 billion to $3 billion in the factory. This move aligns with India's policy to lower import tariffs for automakers committing to local production within three years. Tesla is also constructing a plant in Mexico for a future lower-priced vehicle.

Portfolio Pulse from Anan Ashraf

April 03, 2024 | 1:42 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower, continuing a decline after reporting weak vehicle deliveries for Q1, marking the company's first year-over-year decline since 2020. The decrease was attributed to production ramp issues, factory shutdowns due to the Red Sea conflict, and an arson attack at Gigafactory Berlin. Analysts have expressed concerns over Tesla's short-term outlook, with several lowering their price targets. Tesla is set to report Q1 financial results on April 23, with analysts expecting earnings of 60 cents per share on revenue of $24.067 billion.

Portfolio Pulse from Adam Eckert

April 03, 2024 | 1:35 pm

LMND

Lemonade, Inc. (NYSE:LMND), an insurtech company, has chosen Prelude Security's Prelude Detect to enhance their endpoint and server workload security. Prelude Detect, known for its partnership with CrowdStrike, will help Lemonade identify and fix protection gaps, ensuring robust security for customer data and maintaining its reputation. This deployment allows Lemonade to confidently manage its security posture, with the ability to generate custom CrowdStrike indicators of attack.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:22 pm

SPOT

Spotify shares are trading higher following reports that the company plans to increase its monthly subscription prices.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 1:20 pm