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FEZ

SPY

U.S. stocks, represented by SPDR S&P 500 ETF Trust (SPY), are trading at a 50% higher forward P/E ratio compared to European equities, represented by SPDR EURO STOXX 50 ETF (FEZ). Bank of America analysts argue that this premium is largely justifiable when adjusted for sector composition, growth differentials, energy security, and the potential from the AI investment cycle. The adjusted premium narrows to 12%, reflecting the U.S. economy's expected outperformance and a more stable growth outlook. Additionally, a burgeoning AI investment cycle in the U.S. is anticipated to drive robust earnings growth over the next few years.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 9:31 pm

CENX

CLF

IE

NEM

The U.S. Department of Energy selected Century Aluminum (CENX) and Cleveland-Cliffs (CLF) for funding to support decarbonization and new facilities, aiming to bolster the U.S. economy and green energy transition. Newmont Corporation (NEM) plans to sell its Akyem gold mine in Ghana, with Citigroup (C) handling the sale, as part of a strategy to raise funds post-Newcrest Mining acquisition. Ivanhoe Electric (IE) secured a 60% stake in the Samapleu-Grata Nickel-Copper Project, indicating strong future prospects for copper concentrate production.

Portfolio Pulse from Austin DeNoce

March 25, 2024 | 9:18 pm

NVS

Health Canada has approved Innodem Neurosciences' Eye-Tracking Neurological Assessment for Multiple Sclerosis (ETNA™-MS), a class II software as a medical device (SaMD) for tracking disease progression in MS patients by providing an EDSS score between 1.0 and 4.5.

Portfolio Pulse from Charles Gross

March 25, 2024 | 9:15 pm

BKKT

Bakkt Holdings, Inc. (NYSE:BKKT) reported Q4 financial results with losses of 29 cents per share, missing analyst estimates. Sales were $15.1 million, slightly below expectations. Despite this, shares climbed due to strong FY24 revenue guidance ranging from $3.292 billion to $5.114 billion. The company plans to scale its business, expand its product set, and manage expenses efficiently. Bakkt's strengthened balance sheet and improving crypto market conditions contribute to a positive outlook for 2024.

Portfolio Pulse from Erica Kollmann

March 25, 2024 | 9:12 pm

CLF

RIO

X

Cleveland-Cliffs (NYSE:CLF) is set to receive up to $575 million from the U.S. Department of Energy for decarbonization projects in Ohio and Pennsylvania, aiming to significantly reduce carbon intensity in steel production. This move, part of a broader shift towards renewable energy steelmaking, positions Cleveland-Cliffs as a leader in the industry. The projects are expected to save $450 million annually in production costs, preserve 2,500 jobs, and create additional jobs. This initiative is supported by strong government backing and could enhance Cleveland-Cliffs' position in the domestic steel sector amidst Nippon Steel's acquisition of U.S. Steel (NYSE:X) and political interest in supporting the domestic industry.

Portfolio Pulse from Stjepan Kalinic

March 25, 2024 | 8:58 pm

VFF

Germany's recent legalization of cannabis has positioned Village Farms International, Inc. (NASDAQ:VFF) as a key player in the expanding European market. With its EU GMP certification and successful shipments of Canadian strains to Germany, Village Farms is capitalizing on the growing German market, projected to reach €1.7 billion by 2025. The company's strong performance, highlighted by record fourth-quarter sales and an attractive valuation, underscores its operational efficiency and strategic focus on Europe.

Portfolio Pulse from Jelena Martinovic

March 25, 2024 | 8:52 pm

STOK

Stoke Therapeutics' stock price increased following the announcement of positive Phase 1/2a data for STK-001, indicating its potential effectiveness in treating Dravet syndrome.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 8:48 pm

NEE

NextEra Energy (NYSE:NEE) has seen a mix of bullish and bearish options trading activity, with a slight lean towards bearish sentiment. Analysis of recent trades shows 46% bullish and 53% bearish activity, with significant trades targeting a price range of $50.0 to $75.0. The stock is currently up by 1.41% at $62.65, potentially overbought according to RSI readings. Analysts have set an average target price of $76.33, with varying ratings from 'Outperform' to 'Buy'. NextEra Energy's main operations include Florida Power & Light and NextEra Energy Resources, focusing on renewable energy generation.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 8:45 pm

TSLA

Elon Musk has mandated a 'hard requirement' for Tesla staff to demonstrate the company's full self-driving (FSD) software to all new vehicle buyers in the U.S., even if it slows down the delivery process. This move aims to ensure customers are aware of the driver-assist features, which are seen as a key growth catalyst for Tesla. The demonstrations could paradoxically slow vehicle deliveries but are deemed crucial by Musk for showcasing FSD's capabilities.

Portfolio Pulse from Chris Katje

March 25, 2024 | 8:45 pm

STOK

Stoke Therapeutics, Inc. (NASDAQ:STOK) reported Q4 financial results, beating the analyst consensus on EPS with losses of 60 cents per share but missing on sales with $2.8 million. The company announced positive Phase 1/2a study data for STK-001 in treating Dravet syndrome, showing significant reductions in seizure frequency and cognitive improvements. The FDA has cleared STK-001 for increased dosing. Shares surged 71.08% after-hours to $11.12.

Portfolio Pulse from Erica Kollmann

March 25, 2024 | 8:40 pm