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TSLA

Ross Gerber, a significant investor in Tesla Inc (NASDAQ:TSLA), has suggested that Tesla's recent stock decline could be reversed by a change in CEO Elon Musk's behavior or his replacement. The stock has fallen over 36% this year due to poor earnings, a lackluster product lineup, and broader market challenges. Wells Fargo downgraded Tesla's stock with a price target of $125, citing a 'growth company with no growth'. Despite this, Dan Ives of Wedbush Securities predicts a 77% rebound in Tesla's stock within the next 12 months, suggesting improvements to Musk's compensation and share control as solutions.

Portfolio Pulse from Benzinga Neuro

March 15, 2024 | 2:17 am

EZBC

SOL

Franklin Templeton's report highlights the growing relationship between meme coins and the Solana blockchain, noting the increased adoption and usage of Solana due to its popularity among meme coins like BONK. The report points out the significant rise in Solana's daily active user addresses and its impressive 695% growth over the last year, outperforming Ethereum and other cryptocurrencies.

Portfolio Pulse from Chris Katje

March 14, 2024 | 10:10 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares rose in after-hours trading on Thursday following an upgrade from Piper Sandler. Analyst Alexander Potter upgraded Rivian from Neutral to Overweight and increased the price target from $15 to $21, citing the R2/R3 launch event, a renewed capital expenditures outlook, and the recent selloff in shares. Despite the risks, Potter highlighted the strong orders for Rivian's new R2 platform and the company's plan to delay capex and build R2 in an existing plant as reasons for a more bullish stance. Rivian received 68,000 reservations for the R2 in the U.S. within 24 hours of its unveiling.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 9:50 pm

FMST

HYMC

IE

X

Ivanhoe Electric Inc. (IE) and its subsidiary announced advancements in exploration software, enhancing geophysical models with machine learning. President Biden plans to oppose Nippon Steel's acquisition of U.S. Steel (X), emphasizing the importance of keeping U.S. Steel American-owned. Hycroft Mining (HYMC) reported significant 2023 operating results, including high-grade silver discoveries. Foremost Lithium (FMST) completed part of its private placements, raising $1.629 million for exploration and corporate needs.

Portfolio Pulse from Austin DeNoce

March 14, 2024 | 9:48 pm

SONY

Sony Group Corp. (NYSE:SONY) announced new games for its PlayStation Plus service for the second half of March, including titles like Resident Evil and Marvel's Midnight Suns. The games, available to Premium and Extra subscribers from March 19, cater to a variety of gaming tastes.

Portfolio Pulse from Franca Quarneti

March 14, 2024 | 9:30 pm

BX

Blackstone Inc. (NYSE:BX) President Jon Gray highlighted the current investment opportunities in commercial real estate, citing the market's discounted assets and growth potential. During the Bank of America Global Investor Summit, Gray pointed out the lack of fierce competition for these assets and the need for new capital in the sector. Blackstone has been active in capitalizing on these opportunities, including a bid for a $17 billion portfolio of commercial-property loans. With assets reaching $1 trillion in July 2023, Blackstone's optimistic outlook on commercial real estate is backed by its significant growth and strategic investments.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 9:30 pm

AQST

Aquestive Therapeutics announced that Anaphylm has met all predefined primary and secondary pharmacokinetic endpoints and reaffirmed its goal of filing a New Drug Application (NDA) before the end of 2024. The company also successfully completed a Type C meeting with the FDA, addressing previous concerns by modifying administration instructions and providing additional information for its NDA submission.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:26 pm

AMD

NVDA

SMH

SOXL

SOXX

TSM

The semiconductor industry is experiencing a surge in investor interest, highlighted by a record $1.6 billion cash inflow into the VanEck Semiconductor ETF (SMH), indicating strong confidence in the sector's growth, particularly in AI chip development. Other ETFs like iShares Semiconductor ETF (SOXX) and Direxion Daily Semiconductor Bull 3X Shares (SOXL) also saw significant gains. Leading companies NVIDIA (NVDA), Advanced Micro Devices (AMD), and Taiwan Semiconductor Manufacturing Co. (TSM) have shown impressive growth, benefiting from the demand in AI technology.

Portfolio Pulse from Natan Ponieman

March 14, 2024 | 9:23 pm

MNTK

Montauk Renewables projects its 2024 RNG revenues to be between $195M-$215M, with RNG production volumes expected between 5.8 and 6.1 million MMBtu. Renewable Electricity revenues are anticipated to be between $18.0 and $19.0 million, with production volumes between 190 and 200 thousand MWh.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:07 pm

GERN

Geron Corp (NASDAQ:GERN) shares surged in after-hours trading following a positive vote from the FDA's Oncologic Drugs Advisory Committee on the clinical benefit/risk profile of imetelstat for treating transfusion-dependent anemia. The ODAC's 12 to 2 vote in favor of imetelstat, a novel telomerase inhibitor developed by Geron for hematologic malignancies, comes after the Merge Phase 3 trial showed significant improvement in patients achieving red blood cell transfusion independence. The FDA has set a target action date of June 16, 2024, for Geron's New Drug Application for imetelstat.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 9:03 pm