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LAZ

Lazard Ltd (LAZ) and Elaia Partners have formed a strategic partnership to create Lazard Elaia Capital, focusing on technology investments in Europe. This collaboration aims to leverage both firms' expertise to capitalize on the growing tech sector in the region.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:07 am

BPTS

Biophytis SA, a clinical-stage biotech company, announced plans to file an IND with the FDA for a Phase 2 clinical study in obesity, supported by a new Scientific Advisory Board. The study will focus on developing BIO101 in combination with GLP1-RA. The advisory board includes global medical experts in obesity.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:01 am

TSM

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) surpassed Q1 2024 expectations with a 16.5% revenue increase year-over-year, reaching $18.87 billion, and an 8.9% rise in net income to $6.97 billion. Despite a slight decline from Q4 2023, TSMC's advanced technologies, especially in 3nm, 5nm, and 7nm processes, drove its success, indicating strong demand for AI chips and a positive outlook for the semiconductor industry.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 6:31 am

ADXN

Addex Therapeutics reported an improvement in FY23 EPS to CHF (0.14) from CHF (0.46) year-over-year, with income rising to CHF 1.65M from CHF 1.45M. The company expects top-line data from its ADX71149 Phase 2 epilepsy study by mid-May 2024. It also launched Neurosterix in collaboration with Perceptive Advisors, raising USD 63 million in Series A funding to boost its preclinical portfolio. Addex received CHF 5 million upfront and 20% equity in Neurosterix, extending its cash runway beyond 2026.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 6:03 am

NVDA

Evercore ISI has initiated Nvidia (NASDAQ:NVDA) with an 'Outperform' rating and a price target of $1,160, indicating a 36% potential upside from current levels. In a bullish scenario, Nvidia's stock could see an 81% increase to $1,540. The firm highlights Nvidia's leading role in the AI ecosystem, which is expected to drive significant efficiency gains. Nvidia's strategic moves, including launching new AI chips for China, are seen as positive steps towards capturing a dominant share of the parallel processing market, potentially worth over $350 billion by 2030.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 3:29 am

AA

ARM

BABA

TSLA

TSM

U.S. stocks closed lower with Taiwan Semiconductor, ARM Holdings, Alcoa, Alibaba, and Tesla being key stocks on investors' radars. Taiwan Semiconductor and ARM Holdings traded lower due to poor results from ASML Holding. Alcoa reported a quarterly loss but beat revenue estimates. Alibaba introduced its Logistics Marketplace, slightly impacting its shares, while Tesla removed inventory discounts, affecting its stock.

Portfolio Pulse from Benzinga Neuro

April 18, 2024 | 1:22 am

ALSN

Allison Transmission has expanded its partnership with SANY to provide its Specialty Series Transmission for SANY's new 500-ton all-terrain crane, which will operate in remote areas of China, including deserts and mountains. Allison is also the propulsion solution for SANY's SAC600E 60-ton crane.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 9:35 pm

BVN

RGLD

VALE

President Biden plans to impose a 25% tariff on certain Chinese steel and aluminum imports to boost the U.S. steel sector and protect American manufacturing jobs. Royal Gold Inc (RGLD) issued its 2024 guidance, expecting sales volumes in gold, silver, copper, and other metals with projected DD&A expenses and an effective tax rate. Vale (VALE) reported a 15% increase in iron ore sales and a 6% production increase, with notable rises in pellet and copper output but a decrease in nickel production. Compania de Minas Buenaventura (BVN) announced first-quarter results, meeting or exceeding several production targets across its operations.

Portfolio Pulse from austin@walkonholdings.com

April 17, 2024 | 9:31 pm

MRMD

At the Benzinga Cannabis Capital Conference in Florida, MariMed's CCO Howard Schacter discussed the challenges of maintaining brand consistency across states due to varying regulations, emphasizing the importance of quality and a unified brand strategy. Kristi Palmer of Kiva Confections and Angela Pih of CCELL also highlighted the significance of product consistency, the role of budtenders in customer retention, and the complexities of scaling in the cannabis industry.

Portfolio Pulse from Rolando García

April 17, 2024 | 9:23 pm

BIDU

NIO

XPEV

NIO, XPeng, and Baidu are trading near their 52-week lows, presenting potential upside according to analysts. NIO's new models, XPeng's collaboration with Volkswagen, and Baidu's AI chatbot success are key highlights. Analysts predict significant upside for all, especially Baidu with an 83.13% potential increase.

Portfolio Pulse from Surbhi Jain

April 17, 2024 | 8:59 pm