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SOFI

SoFi Technologies (NASDAQ:SOFI) has seen significant options trading activity, with a bullish sentiment from financial giants. Analysis revealed 19 unusual trades, with 57% bullish and 42% bearish. Major trades focus on a price band between $5.0 and $15.0. The company, known for its diverse financial services, has a current stock price of $7.58, slightly down by -0.07%. Analyst ratings in the last 30 days set an average price target of $10.125, with varying recommendations from Citigroup, Jefferies, Needham, and Keefe, Bruyette & Woods.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 8:02 pm

FGEN

FibroGen announced it will present data from a Phase 1b study of FG-3246 plus Enzalutamide at the 2024 American Society of Clinical Oncology Annual Meeting, scheduled for May 31 to June 4.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:02 pm

RCUS

Arcus Biosciences will present new data from Phase 2 studies of immuno-oncology combinations at the 2024 ASCO Annual Meeting. This includes updates on treatments for upper GI cancers, metastatic colorectal cancer, and non-small cell lung cancer, showcasing the potential of their novel drug combinations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:02 pm

DIS

MSFT

Microsoft Corp. (NASDAQ:MSFT) has unveiled a custom X-Men '97 Xbox Series X and matching controllers, inspired by the Disney+ animated series by Walt Disney Co. (NYSE:DIS). This limited edition console, featuring exclusive comic artwork, is available through a sweepstakes on Xbox's X account. Fans can win the console and special X-Men '97-inspired controllers by following Xbox on X and retweeting the sweepstakes tweet.

Portfolio Pulse from Franca Quarneti

April 24, 2024 | 7:19 pm

DIS

DKNG

The 2024 NFL Draft is set to begin on Thursday in Detroit, with coverage available on ABC, ESPN, and ESPN Deportes (units of The Walt Disney Company, NYSE:DIS), and the NFL Network. Benzinga is hosting a livestream on YouTube for the first round. DraftKings Inc (NASDAQ:DKNG) provides betting odds, including a -380 bet that over 4.5 quarterbacks will be taken in the first round. Odds for top picks and positions indicate a focus on offensive players.

Portfolio Pulse from Chris Katje

April 24, 2024 | 7:10 pm

Block (NYSE:SQ), co-founded by Jack Dorsey, announced the development of a comprehensive Bitcoin mining system, including a new three-nanometer chip, aiming to make Bitcoin mining more accessible. This move is part of Block's strategy to democratize Bitcoin mining by addressing challenges such as high costs, complex setup, and operational issues like heat and noise. The initiative also seeks to decentralize Bitcoin creation and ensure a more even distribution of the hashrate globally.

Portfolio Pulse from Murtuza Merchant

April 24, 2024 | 6:49 pm

General Motors Co (NYSE:GM) reported Q1 earnings surpassing expectations with a 7.6% increase in sales to $43.01 billion and adjusted EPS of $2.62. Despite a slight dip in market share, analysts from Goldman Sachs, Piper Sandler, BofA Securities, and Mizuho Securities remain optimistic about GM's EV strategy and financial health, offering various price targets. GM's focus on EVs and profitability, along with its strong performance in the SUV/pick-up truck markets, positions it well for future growth.

Portfolio Pulse from Surbhi Jain

April 24, 2024 | 6:40 pm

META

NTNX

SMCI

TSLA

KeyBanc analyst Thomas Blakey initiated coverage on Super Micro Computer Inc (SMCI) with a Sector Weight rating, highlighting its strong position in the AI server market. Super Micro is expected to capture a 23% market share in 2024, benefiting from AI growth trends with its customized IT solutions. The company's growth is supported by high demand for GPUs and its ability to deliver rack-scale solutions. Despite a competitive market, Super Micro's manufacturing in North America and engineering expertise are seen as advantages. Wedbush analyst Matt Bryson reiterated a Neutral rating with a $530 price target, expecting a modest beat in the upcoming earnings report.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 6:39 pm

AMST

ATXI

BOF

EVO

ISUN

RILY

U.S. stocks saw a slight decline with the S&P 500, Dow, and NASDAQ all falling. AT&T reported a slight revenue decrease but beat EPS estimates. BranchOut Food, Amesite, and B. Riley Financial shares surged following positive company news, while Evotec, Avenue Therapeutics, and iSun shares plummeted. Oil and gold prices fell, while copper and silver also saw declines.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 6:33 pm

AMGN

CGEM

Cullinan Therapeutics Inc's stock is trading higher due to positive implications from an academic case study on Amgen Inc's Blincyto for treating severe systemic sclerosis, which supports Cullinan's expansion into autoimmune diseases with its similar therapy, CLN-978. The company plans to target systemic lupus erythematosus (SLE) first, with a Phase 1 submission expected in Q3. William Blair rates Cullinan shares as Outperform, highlighting the potential of its diverse portfolio, including CLN-619 for cancer and CLN-978 for autoimmune diseases, with a fair share value of $33. Key catalysts include updated data for CLN-619 and CLN-978 expected in 2024.

Portfolio Pulse from Vandana Singh

April 24, 2024 | 6:29 pm