Streetbeat News

Products Services

TONUSD

Toncoin (CRYPTO: TON), a Layer-1 blockchain, has entered the top 10 most valuable cryptocurrencies by market cap, recently hitting a new all-time high of $7.63. This surge is attributed to AI collaborations and innovations, including a palm-scanning project with Human Code, and the introduction of tap-to-earn meme coins. Additionally, TON announced a $5 million incentive for AI developers and a $2.19 million airdrop for memecoin traders, leveraging its integration with Telegram's user base.

Portfolio Pulse from Murtuza Merchant

April 11, 2024 | 6:16 pm

AAPL

VGT

XLK

BofA analyst Wamsi Mohan maintains a Buy rating on Apple Inc (AAPL) with a price target of $225, highlighting the company's underestimated long-term gross margin potential. Apple's gross margins exceeded expectations at 44%, driven by a premium product mix, in-house technologies, and a focus on service revenue monetization. Mohan projects fiscal 2024 sales and EPS of $396.24 billion and $6.70, respectively. Apple's stock performance and exposure through ETFs like Vanguard Information Tech ETF (VGT) and SPDR Select Sector Fund – Technology (XLK) are also noted.

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 6:14 pm

FTEC

MSFT

XLK

Morgan Stanley analyst Keith Weiss maintained Microsoft Corp (NASDAQ:MSFT) with an Overweight rating and raised the price target from $465 to $520, citing AI innovations and projected leadership in Public Cloud by 2032. Weiss expects a 14% revenue CAGR and 16% EPS CAGR through fiscal 2029 for Microsoft. Citi analyst Tyler Radke also provided positive feedback from Microsoft's Fabric Community Conference, highlighting rapid innovation and leadership in GenAI. Microsoft stock has gained over 50% in the last 12 months, with exposure available through SPDR Select Sector Fund – Technology (NYSE:XLK) and Fidelity MSCI Information Technology Index ETF (NYSE:FTEC).

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 6:13 pm

BMRA

Biomerica, Inc. has been granted European Patent Number EP3497447, titled "COMPOSITIONS, DEVICES, AND METHODS OF DEPRESSION SENSITIVITY TESTING." This patent covers innovative approaches in the field of depression sensitivity testing, potentially opening new avenues for the diagnosis and management of depression.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 6:05 pm

DV

DoubleVerify Holdings, Inc. (NYSE:DV) shares dropped after announcing 16 new brand safety and suitability categories for TikTok advertisers. These categories aim to align brand promotion with suitable platform content, offering improved measurement insights and protection. The expansion is part of DV's ongoing partnership with TikTok, enhancing advertisers' ability to navigate digital advertising effectively. Despite the positive development, DV shares fell by 1.11% to $32.92.

Portfolio Pulse from Nabaparna Bhattacharya

April 11, 2024 | 6:00 pm

ELVN

Enliven Therapeutics Inc (NASDAQ:ELVN) released Phase 1 clinical trial data for ELVN-001, a kinase inhibitor targeting BCR-ABL gene fusion in CML patients. The trial showed a 44% major molecular response rate at 12 weeks, with no significant toxicities, supporting once-daily dosing. ELVN shares surged 23.60% to $24.50.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 5:44 pm

GOOG

META

BofA Securities analyst Justin Post has reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META) with a forecast of $550, citing the significant role of AI/ML integrations in boosting usage and ad spending in 2024. These integrations are expected to enhance content engagement, ad creative generation, campaign optimization, ad measurement, and back-end campaign cost savings for advertisers. Meta's focus on AI improvements and the upcoming release of LLAMA3 models are highlighted as key drivers. The analyst also notes Meta's competitive advantage over most online ad companies, including Alphabet Inc. (NASDAQ:GOOG), due to its compute infrastructure, LLM, and user data. However, there's speculation about investment shifts from the Metaverse to AI. LLAMA3, with 140 billion parameters, is anticipated to rival leading LLMs like GPT4.

Portfolio Pulse from Nabaparna Bhattacharya

April 11, 2024 | 5:43 pm

SOFI

Smart money investors have shown a bullish stance on SoFi Technologies (NASDAQ:SOFI), with 76% of detected trades being bullish. The options trading activity indicates a target price range of $5.0 to $15.0 for SOFI over the last 3 months. Recent trading volume and analyst ratings suggest a cautious but optimistic outlook for SOFI, with an average price target of $10.125 by four analysts. The company, known for its wide range of financial services, is approaching its earnings announcement, which could influence its stock price.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:31 pm

MGRM

NVDA

Monogram Orthopaedics Inc. (NASDAQ:MGRM) has been accepted into the NVIDIA Inception program, aimed at accelerating the development and commercialization of its mBôs robotic surgical system and related products. This collaboration will provide Monogram with access to NVIDIA's cutting-edge technology, expertise, and go-to-market support, potentially speeding up FDA clearance and product launch.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:22 pm

QTI

QT Imaging Holdings shares surged following the announcement of its partnership with the Center of New Medicine, focusing on personalized health care, cancer prevention, and early detection.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:20 pm