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MDXG

Mizuho has reaffirmed its Buy rating on MiMedx Group (NASDAQ:MDXG) and increased its price target from $13.00 to $14.00. MiMedx Group's shares have risen by 0.98% in the last 24 hours to $8.24. The new price target suggests a potential upside of 69.9%. MiMedx Group specializes in developing and marketing regenerative biomaterial products and bioimplants derived from human tissues, targeting various medical fields.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

BKKT

Rosenblatt has maintained its Buy rating for Bakkt Holdings (NYSE:BKKT) but lowered its price target from $1.70 to $0.75. Despite this, BKKT shares have risen 13.78% in the last 24 hours to $0.66. The new price target suggests a potential 13.65% increase from the current price. Bakkt Holdings operates a technology platform for the digital economy, including crypto and loyalty points redemption, generating revenue through subscription, service, and transaction fees.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

GLD

IBIT

Michael Hartnett, chief strategist of Bank of America, attributes the rise in gold and Bitcoin prices to the surging U.S. national debt, which has surpassed $34 trillion. Hartnett's analysis suggests that assets like gold and Bitcoin, which have finite supplies, are thriving as hedges against debt debasement. Gold is currently priced at $2,070 per ounce, and Bitcoin at $62,000, with both nearing all-time highs. The iShares Bitcoin Trust (IBIT) and SPDR Gold Trust ETF (GLD) have seen significant inflows, indicating increased investor interest in these assets as a response to U.S. fiscal policies.

Portfolio Pulse from Piero Cingari

March 01, 2024 | 4:46 pm

AEHR

Aehr Test Systems (NASDAQ:AEHR) has shipped a new high-power configuration of its FOX-XP system to a major silicon photonics customer for wafer level burn-in and stabilization of next-gen silicon photonics ICs. This system enables cost-effective volume production testing of photonic ICs, crucial for optical I/O and co-packaged optics markets. The FOX-XP system can test up to 8,192 high-power optical devices across nine wafers simultaneously, supporting up to 3,500 watts per wafer. This advancement is seen as a significant market opportunity, with companies like AMD, Nvidia, Intel, TSMC, and GlobalFoundries moving towards optical chip-to-chip communication.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:40 pm

CRDF

Cardiff Oncology Inc (NASDAQ:CRDF) released data from its discontinued Phase 2 ONSEMBLE trial for second-line RAS-mutated metastatic colorectal cancer, showing efficacy of onvansertib. Despite discontinuing this trial to focus on a first-line treatment program, the company's stock soared by 37.60%. Cardiff Oncology had $75 million in cash at the end of 2023, expected to last until Q3 2025.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 4:38 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options trading activity, indicating a split sentiment among big-money investors, with 50% bullish and 50% bearish. The trading volume and open interest suggest a focus on a price range between $55.0 and $115.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently down by -1.0%, with a trading volume of 3,635,038 and an RSI indicating potential overbought status. Analyst ratings are mixed, with a consensus target price of $79.0.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:32 pm

AVCNF

TLRY

TYL

MMJ.com is expanding its medical marijuana telehealth services to 26 states, enhancing patient access and leveraging telehealth innovation. Tilray Brands, Inc. (TLRY) and Avicanna Inc. (AVCNF) have launched platforms to educate on medical cannabis, while Tyler Technologies, Inc. (TYL) provides a licensing solution for the cannabis industry in Mississippi. The Benzinga Cannabis Capital Conference in Florida will further discuss industry trends.

Portfolio Pulse from Jelena Martinovic

March 01, 2024 | 4:29 pm

IYW

MSFT

Microsoft Corporation's partnership with OpenAI is highlighted as a significant competitive advantage by Stifel analyst Brad Reback, potentially doubling Azure's total addressable market and sustaining Microsoft's double-digit revenue and profitability growth. The iShares U.S. Technology ETF, with a notable weighting in Microsoft, also saw an increase.

Portfolio Pulse from Neil Dennis

March 01, 2024 | 4:22 pm

AMD

INTC

MSFT

NVDA

QQQ

TQQQ

Microsoft Corp has launched DirectSR, a new Windows API designed to enhance AI-upscaling in games by leveraging technologies from Nvidia, AMD, and Intel. This API simplifies the development process by allowing game developers to use a single code path for various super-resolution technologies. The move is expected to improve gaming experiences across different hardware platforms. Additionally, Microsoft's recent layoffs and game cancellations were mentioned, alongside the performance of ProShares UltraPro QQQ and Invesco QQQ Trust, Series 1.

Portfolio Pulse from Anusuya Lahiri

March 01, 2024 | 4:01 pm

NXU

TSLA

Nxu, Inc. (NASDAQ:NXU) shares surged after announcing the successful charging of a Tesla, Inc. (NASDAQ:TSLA) Cybertruck using its NxuOne Charging System, marking a potential first for Cybertruck NACS charging on a non-Tesla DC fast charging station. Nxu's CEO highlighted the milestone as evidence of their commitment to advancing EV technology and providing efficient charging solutions. The news drove Nxu's trading volume significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

March 01, 2024 | 3:52 pm