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AMZN

Amazon has decided to discontinue the use of its Just Walk Out technology in its grocery stores, according to The Information. This technology allowed customers to shop without the need for a traditional checkout process.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:14 pm

BNB

BTC

ETH

SOL

Chris Burniske, former ARK Invest crypto lead, predicts Solana (SOL) could surpass Binance Coin (BNB) to become the third largest crypto asset, excluding stablecoins, after Bitcoin (BTC) and Ethereum (ETH). Despite a recent 10.5% drop in Solana's price to $180.63, Burniske remains bullish but advises realistic expectations. Solana's price has been on a downward trend, and Solana Labs co-founder Anatoly Yakovenko expressed skepticism about meme coins' public good contributions.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:13 pm

CTHR

Charles & Colvard, Ltd. (NASDAQ:CTHR) announced the launch of its new B2B trade portal, charlesandcolvarddirect.com, marking a strategic shift from its distributor model to direct sales to independent jewelers and retailers. This move allows access to its premium moissanite gems, Forever One and the new Forever Bright, directly from the company. The initiative aims to support independent businesses by offering better prices, maintaining brand integrity, and competing with foreign-developed moissanite while ensuring quality.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:09 pm

TSLA

Tesla announced its Q1 performance, reporting the production of over 433,000 vehicles and the delivery of approximately 387,000 vehicles. Additionally, the company deployed 4,053 MWh of energy storage during the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:05 pm

ESEA

Euroseas Ltd. (NASDAQ:ESEA) announced a one-year time charter contract for its containership, M/V Synergy Antwerp, at a daily rate of $26,500, starting April 2, 2024. The ship underwent retrofits, including energy-saving devices, expected to reduce CO2 emissions by 9,800 metric tons annually. These upgrades are part of Euroseas' efforts to modernize its fleet and reduce its carbon footprint. The charter is expected to contribute about $6.5 million of EBITDA and increases Euroseas' 2024 charter coverage to 80%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:03 pm

ABT

Abbott (NYSE:ABT) has received FDA approval for TriClip, a novel device designed for the minimally invasive treatment of tricuspid regurgitation (TR), a condition affecting over 1.6 million people in the U.S. TriClip, which is delivered through a vein in the leg, offers a significant improvement in patients' quality of life by repairing the tricuspid valve without the need for open-heart surgery. Data from the TRILUMINATE Pivotal trial showed a marked improvement in TR grade and quality of life for patients treated with TriClip. This approval expands Abbott's portfolio of structural heart solutions, including the MitraClip for mitral regurgitation, further establishing the company's leadership in minimally invasive heart therapies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:01 pm

QDEL

QuidelOrtho has received FDA clearance for its QuickVue COVID-19 test, which promises rapid results in just 10 minutes. This development is part of the company's commitment to enhance diagnostic capabilities and empower patients with quicker health insights. Additionally, there's an update on the research and development of the Savanna RVP4+ Assay.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:01 pm

MVST

Microvast targets a Q1 2024 revenue growth of 40%-60% YoY, with guidance of $65M-$75M, below the $132.84M estimate. The company aims for a gross margin of 20%-25%, plans to complete Clarksville Phase 1A with financing solutions, and secure long-term domestic customer contracts. It also reports new customer wins in APAC and EMEA, expanding its presence in the electrifying commercial vehicle markets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 1:00 pm

GSIT

GSI Technology has announced the release of two new Gemini-I APU servers, expanding its product line. The offerings include a 2U server with eight Leda-E boards and a 1U server with sixteen Leda-S boards, providing 10 and 13 POPs respectively.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 12:56 pm

AMAT

META

MU

NVDA

SMCI

The S&P 500 Index saw over 10% gains in Q1, significantly driven by five AI stocks: Super Micro Computer Inc (SMCI), Nvidia Corp (NVDA), Micron Technology Inc (MU), Meta Platforms Inc (META), and Applied Materials Inc (AMAT). These companies, leading in AI and related technologies, showcased remarkable YTD returns, highlighting the increasing importance of AI in various sectors.

Portfolio Pulse from Surbhi Jain

April 02, 2024 | 12:50 pm