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BBY

ROKU

Roku, Inc. (NASDAQ:ROKU) shares fell by 3.34% to $60.75 following announcements of new features and premium televisions, the Roku Pro Series, available at Best Buy (NYSE:BBY) and online. The company is enhancing its platform with Backdrops, Roku Smart Picture, and updates to browse, discovery, and mobile apps across all U.S. devices. Additionally, Roku launched the NBA FAST channel and NBA Zone in partnership with the National Basketball Association.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:56 pm

RKT

Rocket Companies, Inc. (NYSE:RKT) shares dropped after March's Consumer Price Index (CPI) data indicated higher-than-expected inflation, leading to speculation that the Federal Reserve will maintain higher interest rates for an extended period. The CPI data showed a 3.5% year-over-year increase, slightly above the 3.4% forecast. This has raised concerns about potential higher mortgage rates, negatively impacting home buyers and possibly affecting Rocket Companies' business, especially after the introduction of its 'Rocket Logic' AI technology platform aimed at streamlining the mortgage process.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:51 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) introduced enhanced safety features aimed at empowering women passengers by making it easier to use in-app safety tools, especially at night. This move comes amid rising concerns over passenger safety, with a significant percentage of women feeling unsafe at night. The new features allow users to customize their safety preferences, such as automatically turning on up to four safety tools based on time or location. These updates are now available in the U.S., Canada, and Latin America, with plans to expand to more countries. Despite these improvements, Uber's stock traded lower by 1.05% to $74.35. The company has faced criticism in the past for its handling of reported assaults by drivers but reported a decline in severe sexual assault reports in recent years.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:49 pm

APCX

AppTech Payments Corp's CTO, Mehrak Hamzeh, discusses the role of AI in fraud prevention and the company's future in fintech. AppTech, leveraging AI, aims to detect unusual activities and flag fraud, enhancing transaction security. The company is expanding its global fintech platform, introducing InstaCash, and targeting exponential growth by integrating banking and payment solutions with lower fees. AppTech's strategy includes acquiring patent portfolios and forming partnerships across various sectors, aiming to onboard 100 companies in the next 24 months.

Portfolio Pulse from Renato Capelj

April 10, 2024 | 4:32 pm

BTCUSD

Deutsche Bank's survey indicates a rise in positive sentiment towards cryptocurrencies among retail investors in Q1 2024, despite concerns over a potential major cryptocurrency collapse. The approval of spot Bitcoin ETFs in January 2024 has contributed to a crypto market rally. However, opinions on Bitcoin's future remain divided, with a significant portion of U.S. consumers viewing cryptocurrencies as commodities and a potential replacement for cash.

Portfolio Pulse from Khyathi Dalal

April 10, 2024 | 4:25 pm

LAZR

Luminar Technologies Inc (NASDAQ:LAZR) shares dropped after BofA Securities downgraded the stock from Neutral to Underperform and cut the price target from $3.50 to $1.20. The downgrade was due to reduced volume forecasts, reflecting model launch delays and lower expectations for vehicles adopting LIDAR technology. Analyst John Babcock cited weaker demand for electric vehicles, higher near-term costs, and delayed breakeven expectations as reasons. Luminar may need to raise $1 billion in capital by 2025, potentially diluting existing shareholders.

Portfolio Pulse from Priya Nigam

April 10, 2024 | 4:25 pm

EU

UEC

UUUU

North American uranium miners are experiencing a resurgence due to a push from U.S. politicians to reduce dependency on Russian uranium and the nuclear industry's revival for decarbonizing electricity. Uranium prices remain high despite a recent pullback, nearly tripling over the past three years. Companies like Energy Fuels Inc., Denison Mines Corp., Uranium Energy Corp., Ur-Energy Inc., IsoEnergy Ltd., and Global Atomic Corp. are increasing production capacity. Global Atomic is advancing its Dasa project in Niger, expected to be a profitable venture for over 40 years. Energy Fuels is diversifying into vanadium and rare earths, while Uranium Energy plans to restart Wyoming production by August. enCore Energy Corp. has announced its first shipment from the Rosita plant in South Texas and is working on restarting its Alta Mesa plant.

Portfolio Pulse from Matt Whittaker

April 10, 2024 | 4:24 pm

RVMD

Revolution Medicines, Inc. (NASDAQ:RVMD) shares surged after announcing the publication of several peer-reviewed research papers on RMC-6236 and RMC-7977, showing promising preclinical and preliminary clinical data. The stock hit a new 52-week high of $37.50, trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:20 pm

ADIL

ASTI

JAGX

MRIN

VIAO

VLD

U.S. stocks traded lower, with the Dow Jones index falling over 500 points. Energy shares fell by 0.3%, while real estate shares tumbled by 4.1%. U.S. crude oil inventories increased more than expected. Marin Software's shares jumped 146% after announcing upgrades with Microsoft Advertising. Adial Pharmaceuticals surged 66% following a positive article on AD04. Jaguar Health gained 37% after a successful stockholder meeting. VIA optronics, Ascent Solar Technologies, and Velo3D saw significant drops after various announcements.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 4:15 pm

RVMD

Revolution Medicines' stock is trading higher following the announcement of a research paper publication on RMC-6236 in Cancer Discovery.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:12 pm