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LIXT

Lixte Biotechnology Holdings, Inc. (NASDAQ:LIXT) shares surged after announcing the publication of pre-clinical data on LB-100, showing its potential as a new cancer treatment strategy. The data, published in 'Cancer Discovery', indicates LB-100 can make cancer cells less malignant. This news has significantly increased trading volume, with over 21.82 million shares traded, far exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

March 27, 2024 | 2:56 pm

CVS

WBA

The U.S. Supreme Court appears unlikely to restrict access to the abortion pill, focusing on the legal standing of anti-abortion groups challenging FDA regulations on mifepristone. The case, significant for abortion rights, questions the FDA's approval process and its implications for drug regulation. CVS Health Corp and Walgreens Boots Alliance Inc have announced plans to dispense mifepristone, aligning with FDA guidelines.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 2:53 pm

ARRY

Array Technologies, Inc. (NASDAQ:ARRY) shares have risen over 9% in the past five days, following a Market Perform rating and a $16 price target from BMO Capital analyst Ameet Thakkar. Additionally, the company announced its new Hail Response System, designed to protect solar assets from hail damage using advanced weather prediction algorithms. This announcement comes after a severe hail storm destroyed thousands of solar panels in Texas. Wall Street analysts generally view ARRY as Neutral, with expectations of a significant price fall within the year.

Portfolio Pulse from Erica Kollmann

March 27, 2024 | 2:50 pm

COHR

IDGT

JNPR

MRVL

SPRX

Marvell Technology, Inc (NASDAQ:MRVL) is set to present its optical technology innovations for AI and cloud data centers at OFC 2024, with Citigroup maintaining a Buy rating and a $91 price target on MRVL shares. The company will showcase products like Nova 2 and the Marvell 3D Silicon Photonics Engine, aimed at enhancing data center efficiency. Collaborations with Juniper Networks Inc (NYSE:JNPR) and Coherent Corp (NYSE:COHR) will be highlighted, focusing on data center interconnects and telecommunications. MRVL shares have seen a 72% increase over the last 12 months, with exposure available through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Spear Alpha ETF (NASDAQ:SPRX).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 2:46 pm

SMCI

Jim Cramer, a notable market analyst, has recently endorsed Super Micro Computer (NASDAQ:SMCI) as a significant entity in the tech infrastructure sector, particularly emphasizing its role in cloud and AI technologies. This comes amidst a variety of analyst opinions on SMCI, with an average 12-month price target of $868.87, indicating a 53.24% increase. JP Morgan also initiated coverage with an Overweight rating and a $1,150 price target, highlighting SMCI's leadership in AI computing.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 2:35 pm

MNMD

In a Benzinga Psychedelics Podcast episode, Mind Medicine (MindMed) CEO Robert Barrow discussed the company's progress in developing LSD-based therapy, particularly MM-120 for Generalized Anxiety Disorder. MindMed, which recently received a 'breakthrough therapy' designation from the FDA for this treatment, is advancing clinical trials into Phase 3. Barrow highlighted LSD's potential for deeper therapeutic introspection compared to other psychedelics, attributing its historical research neglect to political rather than scientific reasons.

Portfolio Pulse from Lara Goldstein

March 27, 2024 | 2:25 pm

AAPL

AMD

INTC

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is experiencing a surge in orders for its 3nm chips from major clients including Apple, Intel, and AMD. The demand for these chips is expected to push TSMC's revenue share from 3nm chips to over 20% this year. The chips are crucial for upcoming products like the iPhone 16 and new Mac processors, Intel's Lunar Lake CPUs, and AMD's Zen 5 architecture platform. Despite challenges in expanding its U.S. operations due to construction delays, TSMC plans to build factories for 2nm chips in Taiwan and is considering a second facility in Japan. TSMC's stock has risen over 53% in the last 12 months, and investors can gain exposure through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 2:20 pm

ONDS

Ondas Holdings Inc. (NASDAQ:ONDS) has announced a strategic partnership through its subsidiary American Robotics Inc. with ResilienX Inc. to enhance the safety and efficiency of autonomous systems, particularly in BVLOS operations. The partnership involves integrating ResilienX's FRAIHMWORK IASMS solution into American Robotics' systems, including the Optimus System, and reselling ResilienX's software solutions. This collaboration aims to improve the reliability and performance of autonomous systems through continuous monitoring and quick issue mitigation.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 2:19 pm

NVCR

Novocure Ltd (NASDAQ:NVCR) announced positive results from the Phase 3 METIS clinical trial for its Tumor Treating Fields (TTFields) therapy in treating brain metastases from non-small cell lung cancer. The study met its primary endpoint, showing a significant improvement in time to intracranial progression compared to supportive care alone. TTFields therapy was well-tolerated, with a median time to intracranial progression of 21.9 months versus 11.3 months for supportive care alone. Preliminary analysis of secondary endpoints showed positive trends but did not reach statistical significance. Novocure's Premarket Approval application for TTFields therapy in non-small cell lung cancer has been accepted by the FDA. Following the news, NVCR shares surged by 10.70% to $14.49.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 2:17 pm

CCL

Carnival Cruise Line is temporarily relocating its Baltimore operations to Norfolk due to the Key Bridge collapse in Baltimore Harbor. The Carnival Legend will return from its voyage to Norfolk instead of Baltimore on March 31, with complimentary bus service for guests back to Baltimore. The next seven-day itinerary will also operate from Norfolk. The company expressed gratitude towards President Biden's commitment to reopening Baltimore Harbor and will inform future guests about the return to Baltimore.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:12 pm