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TONUSD

USDTUSD

Tether (USDT) has been officially issued on the TON blockchain, as announced by Tether CEO Paolo Ardoino during Token2049 in Dubai. This move, highlighted by Telegram co-founder Pavel Durov, represents a significant step towards integrating blockchain technology with Telegram's platform, aiming to enhance user empowerment and financial democratization. The integration is expected to increase the utility of Telegram's blockchain, facilitate seamless transactions, and offer an alternative to traditional financial systems. This collaboration aligns with Telegram's strategy to engage users and provide monetization opportunities for developers and content creators.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 4:18 pm

META

BofA Securities analyst Justin Post reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $550, citing underappreciated AI assets and potential for revenue momentum in 2024. Post adjusted his revenue and EPS estimates for Q1 and Q2 based on positive ad checks, Easter benefits, and recent U.S. dollar depreciation. He highlighted Meta's strong AI capabilities, including an internal AI supercomputer and custom AI chips, as key drivers for future growth.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 4:05 pm

SHIBUSD

Shiba Inu (SHIB) sees a 55% spike in whale transactions and a 1.4% increase in price, amid broader crypto market optimism. Lucie, Shiba Inu's marketing lead, expressed confidence in the coin's future on X, highlighting its sustained position and development efforts. The Shibarium network launched a new UI update, enhancing user experience and wallet compatibility. Crypto investor Jake Gagain predicts SHIB could reach a $100 billion market cap by 2025, supported by IntoTheBlock and CoinGlass data indicating strong buying demand and market stability.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 3:51 pm

BRNS

Barinthus Biotherapeutics plc (NASDAQ:BRNS), previously known as Vaccitech plc, reported final topline results from the APOLLO trial of VTP-200 for low-grade cervical lesions associated with persistent hrHPV infection. The trial met its primary safety endpoint but showed no significant improvement in hrHPV or cervical lesion clearance rates in the overall pooled results, despite positive trends in higher dose cohorts. The company is evaluating future development options for VTP-200, while attention may shift to VTP-300 for chronic hepatitis B. BRNS shares dropped 5.90% to $2.71.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 3:49 pm

TVTX

Travere Therapeutics and CCL Vifor received European Commission approval for Sparsentan, a treatment for IgA Nephropathy. This marks a significant milestone in providing a new therapeutic option for patients with this kidney disease.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:41 pm

MA

Mastercard Inc. (NYSE:MA) launched a mobile virtual card application to enhance contactless payments, featuring advanced security and digital innovations. The app supports cards from multiple issuers and is first adopted by HSBC Australia and Westpac for their corporate customers. Analyst David Koning from Baird maintained an Outperform rating on Mastercard, raising the price target from $525 to $545, citing expected revenue and EPS above consensus for the first quarter. Koning predicts revenues of $6.44 billion and EPS of $3.31-3.33, attributing growth to stable transaction processing and underestimated cross-border revenues.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 3:35 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) surpassed Q1 estimates with revenue of $9.37 billion and net income of $2.33 billion, adding 9.3 million subscribers. Despite strong results, shares fell due to lower-than-expected Q2 revenue guidance. Netflix plans to shift focus from subscriber growth to financial metrics and customer engagement. Walt Disney Company (NYSE:DIS) is still trailing in the streaming wars, with Netflix being acknowledged as the industry leader.

Portfolio Pulse from Upwallstreet

April 19, 2024 | 3:28 pm

UAL

United Airlines has announced the cancellation of its daily flight from Newark to Tel Aviv until May 2, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:28 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Stock futures dipped on news of an Israeli attack on Iran but were aggressively bought by the momo crowd, indicating net demand. Oil initially rallied but then lost its gains. New York Fed President John Williams hinted at potential rate hikes if needed, contrary to earlier momo guru predictions of rate cuts. Tesla Inc fell below $150 in premarket trading, down significantly year-to-date. Early trade money flows were positive for Meta Platforms Inc and SPDR S&P 500 ETF Trust, neutral for Apple Inc and Microsoft Corp, and negative for Amazon.com Inc, Alphabet Inc, NVIDIA Corp, and Tesla Inc. Gold and oil saw mixed actions from the momo crowd and smart money.

Portfolio Pulse from The Arora Report

April 19, 2024 | 3:23 pm

ALVO

Alvotech's stock price increased following the announcement of an agreement to broaden the availability of its Humira biosimilar, Adalimumab-ryvk, in the US market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:57 pm