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RAN

RanMarine Technology B.V. (NASDAQ:RAN) is set to IPO on April 30, offering shares at $5.50 each with a 180-day insider lock-up period ending on October 27, 2024. The company specializes in autonomous surface vessels (ASVs) for removing pollutants and collecting water quality data.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 3:00 pm

OND

SOCL

SPOT

Daniel Ek, Spotify's co-founder, sold 650,000 shares for about $179 million, still holding a 7% stake. Spotify's stock has risen 267% since late 2022. Ek plans to invest $1 billion in European tech and climate startups. Spotify reported a Q1 2024 revenue of $3.95 billion, a 20% increase year-on-year, with an EPS of $1.05, beating consensus. Analysts are optimistic about Spotify's revenue growth and profitability. Spotify shares are part of the Global X Social Media ETF (SOCL) and ProShares On-Demand ETF (OND).

Portfolio Pulse from Anusuya Lahiri

April 29, 2024 | 3:00 pm

ZVSA

ZyVersa Therapeutics, Inc. (NASDAQ:ZVSA) shares surged after announcing the publication of a scientific paper in 'Frontiers in Molecular Neuroscience'. The paper, authored by researchers from the University of Miami Miller School of Medicine, supports the use of ZyVersa's IC 100 to potentially reduce cardiac issues in Alzheimer's patients by inhibiting ASC inflammasomes. Additionally, ZyVersa executed a 1-for-20 reverse stock split last Friday, resulting in a float of less than 758,000 shares. The company does not pay dividends but engages in other capital allocation strategies.

Portfolio Pulse from Erica Kollmann

April 29, 2024 | 2:53 pm

AMZN

Amazon.com Inc (NASDAQ:AMZN) is set to report its Q1 earnings with expectations of 78 cents EPS and $133.1 billion in revenues. The stock has seen a 71.10% increase over the past year and an 18.22% YTD rise, buoyed by its strong positioning in AI, cloud computing, and e-commerce. Investors are watching AWS performance, digital advertising market-share gains, and the impact of price increases on third-party sellers. Amazon's focus on profitability, operational efficiency, and strategic investments in robotic automation are key. Technical analysis indicates a bullish trend, with a 17% upside as per Wall Street analysts.

Portfolio Pulse from Surbhi Jain

April 29, 2024 | 2:29 pm

LH

Labcorp's stock price increased following the FDA's approval of its nABCyte Anti-AAVRh74var HB-FE Assay, a companion diagnostic designed to assess patient eligibility for treatment with BEQVEZ.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:25 pm

BIDU

TSLA

CitronResearch highlights Baidu's (BIDU) potential to reach $180, emphasizing its leadership in search, AI, and Comate for programming business software in China. The recent Tesla (TSLA) partnership is viewed as a small part of Baidu's broader growth story.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:23 pm

JNJ

Johnson & Johnson (JNJ) announced that the Committee for Medicinal Products for Human Use (CHMP) has recommended the conversion of the conditional marketing authorization for Sirturo (bedaquiline) into a standard marketing authorization, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:19 pm

JNJ

Johnson & Johnson has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) recommending full approval for Sirturo, a treatment for multidrug-resistant tuberculosis. This marks a significant step forward in the fight against this challenging health issue.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:17 pm

ANVS

Annovis Bio announced that its drug Buntanetap has been found to be safe and well tolerated in recent studies, potentially impacting the company's stock positively.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:16 pm

CNDT

MSFT

Shares of Conduent Inc (NASDAQ:CNDT) rose after announcing a collaboration with Microsoft Corp (NASDAQ:MSFT) to use Microsoft Azure OpenAI Service for generative AI applications in healthcare claims management, customer service platforms, and fraud detection. This partnership aims to enhance quality, productivity, and cycle times for Conduent's global clients, with three pilot projects already underway.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 2:09 pm