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CIFR

Cipher Mining Inc. (NASDAQ:CIFR) announced its March 2024 production and operations update, highlighting the mining of 316 BTC, the sale of 8 BTC, and an ending balance of 1,741 BTC. The company also noted significant progress in its data center expansions and a strong first quarter despite challenges such as power curtailment and increasing network hash rate. Cipher's operational achievements include maintaining a high uptime, optimizing its portfolio, and preparing for future expansions and the upcoming Bitcoin halving.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:10 pm

AGCO

TRMB

AGCO Corporation and Trimble have completed their joint venture, forming PTx Trimble to enhance the mixed-fleet precision agriculture market. AGCO now holds an 85% stake, with Trimble retaining 15%. This move is expected to expand AGCO's precision ag revenue to over $2.0 billion by 2028 and be accretive to its revenue growth and earnings. The transaction was financed through a mix of senior unsecured notes, a term loan, other borrowings, and cash.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:06 pm

GRTS

Gritstone bio reports positive early progression-free survival trends for GRANITE recipients, with hazard ratios of 0.82 in the overall population and 0.52 in a high-risk group, indicating more mature clinical data.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:05 pm

ACON

Aclarion, Inc. has received a notice of allowance from the U.S. Patent and Trademark Office for its patent application related to a system and method for diagnosing pain using magnetic resonance spectroscopy. This development could enhance Aclarion's position in the medical technology market by potentially offering a novel diagnostic tool.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:58 pm

AMGN

GOOG

META

MSFT

SBUX

VZ

WMT

Reddit's r/stocks forum users identified undervalued stocks for 2024, with top picks including Meta Platforms Inc (META), Alphabet Inc (GOOG, GOOGL), Starbucks Corp (SBUX), Verizon Communications Inc (VZ), Microsoft Corp (MSFT), Walmart Inc (WMT), and Amgen Inc (AMGN). These companies were highlighted for their growth prospects, innovative approaches, and strong fundamentals despite some facing skepticism.

Portfolio Pulse from Surbhi Jain

April 01, 2024 | 7:53 pm

OTGLY

CD Projekt ADR (OTC:OTGLY), a leading video game developer known for Cyberpunk 2077 and The Witcher, reported a net profit of over $120 million for 2023, marking its second-best year. The success was largely attributed to the release of the Cyberpunk 2077 expansion pack, Phantom Liberty, which sold over 5 million copies. Despite this success, the company faced layoffs in summer 2023, reducing its workforce by 9%. Looking ahead, CD Projekt is focusing on the development of The Witcher 4: Polaris and planning its next Cyberpunk installment, Orion, along with a live-action Cyberpunk project.

Portfolio Pulse from Franca Quarneti

April 01, 2024 | 7:29 pm

ALGN

Align Technology, Inc. (ALGN) has launched its Invisalign Palatal Expander System in Australia and New Zealand, marking the product's availability for skeletal and dental expansion in growing patients. This system, which is an alternative to traditional metal and screw expanders, is designed for use with Invisalign First aligners to provide a comprehensive early intervention treatment. The product has been registered in the Australian Register of Therapeutic Goods and the New Zealand Web Assisted Notification of Devices Database, covering a broad range of patients including children, teens, and adults. The Invisalign Palatal Expander System utilizes direct 3D printing and AI-driven orthodontic software for customization, aiming to improve treatment efficiency and patient experience.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 7:03 pm

GTLB

GitLab (NASDAQ:GTLB) received mixed analyst ratings in the latest quarter with 18 analysts providing their insights, showing a range of bullish to bearish perspectives. The average 12-month price target for GTLB is $75.44, with a high estimate of $85.00 and a low estimate of $65.00, marking a slight decline from the previous average. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to market conditions and GitLab's performance. GitLab operates as a DevSecOps platform and competes directly with Microsoft Corporation's GitHub. Financially, GitLab has shown notable revenue growth but faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:01 pm

SGML

Sigma Lithium's stock price increased following the announcement of its Q4 results and the Final Investment Decision to double the production of its Quintuple Zero Green Lithium.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 6:47 pm

GILD

GLPG

Bank of America Securities downgrades Galapagos NV (NASDAQ:GLPG) to underperform, citing a slow pipeline progress, lack of near-term catalysts, and entry into crowded markets. The firm lowered its price target from $41 to $31. Galapagos faces challenges with its primary cancer pipeline, significant cash depletion, and risks from acquiring early-stage assets. Despite aiming for a swift 7-day manufacturing turnaround for its CAR-T treatments, competitors like Gilead Sciences Inc (NASDAQ:GILD) are also improving their processes, reducing Galapagos' commercial opportunity.

Portfolio Pulse from Vandana Singh

April 01, 2024 | 6:37 pm