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ITA

PPA

Stifel analyst Bert W. Subin lowered Boeing's price target to $260 from $270 but maintained a Buy rating, citing lower deliveries but highlighting strong orders and potential for future growth. Boeing delivered 83 aircraft this quarter, down from 130 year-ago, with 29 in March. Orders included 98 MAXs, 29 for 777s, and 4 for 787s. Subin expects build rate improvement and FCF growth in 2025+. BA stock has lost over 17% in the past year, impacting ETFs like ITA and PPA.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 6:10 pm

ARM

GOOG

GOOGL

BofA Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. (GOOG, GOOGL) with a price forecast of $173, highlighting the company's advancements in hardware, AI capabilities through Gemini integration, and strategic partnerships. The new custom Axion AI chip, developed in partnership with Arm Holdings Plc (ARM), is expected to enhance performance and energy efficiency. Google's Cloud Next event showcased AI-driven applications and tools, including Google Vids and AI Meetings & Messaging add-on, which are anticipated to contribute to higher revenue growth and increasing cloud margins. Alphabet's leadership in AI technology is seen as a key driver for its long-term position in search, YouTube, and cloud businesses.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 6:08 pm

ADIL

ASTI

MRIN

VIAO

VLD

Ascent Solar Technologies, Inc. (ASTI) shares fell by 50% after announcing a $6 million public offering at $0.14 per share. Other stocks experienced significant movements, with Marin Software (MRIN) and Adial Pharmaceuticals (ADIL) among the top gainers, while VIA optronics (VIAO) and Velo3D, Inc. (VLD) led the losers.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 6:07 pm

HAS

LGF/A

Lionsgate and Hasbro have partnered with LuckyChap, the production company behind 'Barbie', to develop and produce a feature film based on the Monopoly board game. The announcement was made during Lionsgate's presentation at CinemaCon in Las Vegas. The project, which is currently in development, will also involve Hasbro Entertainment as a producer. Lionsgate acquired the development rights to Monopoly through its purchase of eOne in December 2023. Monopoly is noted as the world's most popular board game brand, with a significant global presence and nearly half a billion copies sold since 1935.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:51 pm

INDA

TSLA

Elon Musk expressed enthusiasm about meeting with Prime Minister Narendra Modi in India, hinting at potential future collaborations or business expansions for Tesla in the Indian market.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:47 pm

IMAX

IMAX Corporation (NYSE:IMAX) and Miraj Cinemas have announced a partnership to install three new IMAX with Laser systems across India, marking IMAX's largest expansion in the country in five years. The new locations will include Mumbai and Jaipur, with a third location to be determined. This expansion follows a record-breaking year for IMAX in India, with significant revenue driven by both Hollywood and Indian blockbusters. The new IMAX with Laser systems represent the most advanced cinematic experience, featuring 4k laser projection with brighter images, deeper contrast, and a wider color range.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:34 pm

OXY

Smart money investors are showing a significant interest in Occidental Petroleum (NYSE:OXY) options, with an equal split between bullish and bearish sentiments. Benzinga's tracking revealed 14 unusual options activities, with a price target range from $55 to $85 over the next three months. The company, an independent oil and gas producer, reported net proved reserves of nearly 4 billion barrels and an average production of 1,234 thousand barrels per day in 2023. The current market status shows OXY's stock down by -0.66% at $68.1, with a potential overbought RSI. Analyst ratings over the past month suggest an average target price of $74.5, with varying recommendations from Neutral to Overweight.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:15 pm

AMLX

Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) released interim Phase 2 HELIOS trial data for AMX0035, showing improved pancreatic function in Wolfram syndrome patients. The drug demonstrated a clinically meaningful effect on diabetes progression, visual decline, and overall disease burden. The trial's safety profile was consistent with prior data. Following disappointing Phase 3 trial data for another drug, Amylyx announced a restructuring plan, including a 70% workforce reduction to extend its cash runway into 2026. AMLX shares dropped 6.74% to $2.49.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 5:14 pm

TSLA

Piper Sandler analyst Alexander Potter maintains an Overweight rating on Tesla (TSLA) but lowers the price target from $225 to $205, citing challenges in 2024 and 2025 including slower growth and high interest rates. Despite these challenges, Potter highlights the potential of Tesla's Full Self-Driving (FSD) software, expecting it to significantly contribute to Tesla's valuation and maintain its appeal to growth-oriented investors. Tesla's stock is currently down, reflecting concerns over vehicle demand and competition, but the long-term outlook remains optimistic with expectations of overcoming current headwinds by 2026.

Portfolio Pulse from Chris Katje

April 10, 2024 | 5:14 pm

COIN

ETHUSD

SEC Commissioner Hester Peirce, known as 'Crypto Mom', criticized the SEC's cautious approach to cryptocurrency regulation, advocating for a more innovation-friendly environment. She opposes the SEC's efforts to block Ethereum ETFs and target U.S.-based exchanges like Coinbase and Kraken. Peirce highlighted the need for clear regulations to support businesses and innovation, particularly criticizing the 2017 DAO Report for stifling innovation by not adapting regulations to new asset classes.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 5:13 pm