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BHP

GLNCY

HZMMF

Indonesia, under its new president Prabowo Subianto, is expected to continue its dominant nickel production policies, impacting global nickel prices and competitors. The country's approach has led to a price slump, affecting financing and operations of nickel projects worldwide, including those by Horizonte Minerals Plc, BHP Group Ltd., and Glencore. Indonesia's strategy of adding value domestically and attracting investments for an electric vehicle battery supply chain is likely to keep global markets flooded with cheap nickel.

Portfolio Pulse from Matt Whittaker

April 24, 2024 | 5:25 pm

PHUN

Phunware, Inc. (NASDAQ:PHUN) shares rose after announcing the renewal or extension of several healthcare and hospitality customer contracts, highlighting the value of its mobile solutions in enhancing visitor experiences. The company, known for its ties to Donald Trump from the 2020 campaign app development, has seen its stock increase by 1.95% to $6.28. These renewals demonstrate the significant ROI Phunware's technology provides to its customers.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 5:04 pm

RDDT

Reddit announced improvements to user experience by introducing a direct shortcut to conversations, maintaining access to post context. This enhancement aims to streamline navigation and engagement for users on the platform.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:04 pm

RDDT

Reddit announced updates to its iOS and Android apps aimed at enhancing user experience by making it easier and faster to access conversations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:02 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q1 revenue and earnings that missed consensus estimates, but analysts are optimistic about its future due to AI, FSD, and new products. Analysts have mixed ratings, with price targets ranging from $85 to $220. Key highlights include potential AI and FSD advancements, new product releases before 2025, and concerns over vehicle price cuts and demand. Tesla's focus on AI and potential for transformational technology are seen as positive, despite near-term challenges.

Portfolio Pulse from Chris Katje

April 24, 2024 | 4:51 pm

AAPL

GOOG

GOOGL

SSNLF

Samsung Electronics Co (OTC:SSNLF) has begun mass production of the world's most advanced 286-layer NAND flash memory chips, aimed at AI data centers and smartphones. These chips, which are 50% denser than their predecessors, are expected to be used by major U.S. tech companies like Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) and Apple Inc (NASDAQ:AAPL). The new chips offer a 33% improvement in data input/output speeds and a 10% reduction in power consumption. Samsung is also developing a 10th-generation product with over 400 layers.

Portfolio Pulse from Anusuya Lahiri

April 24, 2024 | 4:47 pm

BBJP

DXJ

EWJ

WisdomTree's CIO, Jeremy Schwartz, is bullish on Japan's economy due to a transformative 'new corporate culture' focused on shareholder value maximization. Warren Buffett's endorsement and investment in five Japanese trading companies further highlight Japan's appeal. The WisdomTree Japan Hedged Equity ETF (DXJ) aims to capitalize on this by using currency hedging to mitigate exchange rate volatility, boasting a 47% growth over the past year. Other ETFs like iShares MSCI Japan ETF (EWJ) and JPMorgan BetaBuilders Japan ETF (BBJP) also show positive performance.

Portfolio Pulse from Surbhi Jain

April 24, 2024 | 4:46 pm

BSX

Boston Scientific Corporation (NYSE:BSX) reported better-than-expected Q1 earnings, with revenues of $3.86 billion surpassing the consensus estimate of $3.69 billion. The company's cardiovascular segment led sales, contributing to a 13.8% year-over-year revenue increase. Adjusted EPS was $0.56, beating both consensus and management's guidance. Following these results, Boston Scientific raised its 2024 profit forecast, expecting net sales growth of 11%-13% and adjusted EPS of $2.29-$2.34. Shares soared 6.02% to $73.15.

Portfolio Pulse from Vandana Singh

April 24, 2024 | 4:42 pm

BLNK

Blink Charging Co. (NASDAQ:BLNK) announced a collaboration with Evri, a UK parcel delivery company, to install EV charging hubs at Evri's sorting center in Rugby, marking the beginning of a larger program aimed at achieving net-zero emissions by 2035. The initial phase includes the installation of twelve chargers, with plans to expand Blink's offerings in the UK and Ireland. Despite this development, BLNK shares have dropped over 67% in the past year and are currently trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 4:37 pm

CGEM

Cullinan Therapeutics' stock price increased following the announcement that clinical data from its Phase 1 trial of CLN-619 for advanced solid tumors will be presented at the 2024 ASCO Annual Meeting.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:22 pm