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ACB

CGC

Aurora Cannabis Inc. (NASDAQ:ACB) and Canopy Growth Corporation (NASDAQ:CGC) stocks are trading higher after Florida's Supreme Court ruled to allow a recreational marijuana legalization initiative on the November ballot. The stocks have rallied significantly, with Aurora up more than 50% and Canopy Growth over 160% in the past month, amid legalization in Germany and hopes of rescheduling in the U.S. Technical analysis suggests Aurora's stock could see bullish trends based on its moving average.

Portfolio Pulse from Erica Kollmann

April 02, 2024 | 4:49 pm

CCL

A significant bearish sentiment has been observed in Carnival's (NYSE:CCL) options market, with a notable volume of put options compared to calls. The options activity suggests a price range of $12.0 to $25.0 for CCL. Despite this, professional analysts have issued optimistic ratings, with a consensus target price of $24.0. The company, being the largest global cruise operator, has rebounded to its pre-COVID guest levels in 2023.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:46 pm

MU

Micron Technology, Inc. (NASDAQ:MU) reported strong fiscal Q2 2024 results, with significant revenue growth to $5.82 billion and a return to profitability, driven by AI demand and a tight supply environment. The company's gross margin improved to 18.5%, and GAAP net income reached $793 million. Despite a negative free cash flow of $29 million, forward guidance is positive, projecting Q3 revenue around $6.60 billion and improved margins.

Portfolio Pulse from Tornado

April 02, 2024 | 4:39 pm

ROIV

Roivant Sciences (NASDAQ:ROIV) and Priovant Therapeutics announced positive results from the Phase 2 NEPTUNE study of brepocitinib in non-anterior non-infectious uveitis (NIU), showing significant treatment benefits. Additionally, Roivant's board authorized a share repurchase program for up to $1.5 billion, including buying back shares from Sumitomo Pharma, which will reduce outstanding shares by about 9%. ROIV shares rose 5.37% to $10.99.

Portfolio Pulse from Vandana Singh

April 02, 2024 | 4:31 pm

MDAI

Spectral AI has received U.S. Patent 11,948,300 for its machine learning systems aimed at assessing, predicting the healing of, and treating wounds. This development could enhance Spectral AI's position in the healthcare technology sector, potentially leading to increased interest and investment in their solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:29 pm

ARB

WIF

David Hoffman, co-founder of DAO Bankless, expressed disbelief at Dogwifhat's (WIF) market performance surpassing Ethereum-tethered Layer-2 blockchains like Arbitrum (ARB), despite Arbitrum's verifiable cash flows. The discussion highlights the ongoing debate in the cryptocurrency community about the value of meme coins versus more fundamentally grounded cryptocurrencies. Dogwifhat's price increased by 26.5% over the past week, while Arbitrum saw a 13.5% decline, bringing their market capitalizations to $4 billion and $3.9 billion, respectively.

Portfolio Pulse from Ivan Crnogatić

April 02, 2024 | 4:21 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) announced seven new games for the Xbox Game Pass in April 2024, including LEGO 2K Drive and Shadow of the Tomb Raider. The update also includes a DLC for No Man's Sky and perks like a Final Fantasy XIV Online trial. Titles like the Amnesia Collection will leave the Game Pass library on April 15.

Portfolio Pulse from Franca Quarneti

April 02, 2024 | 4:19 pm

QDEL

RBC released a note on QuidelOrtho, indicating no change in the company's status after speaking with management. QuidelOrtho has withdrawn its original Savanna RVP4+ Assay from the FDA 510(k) submission and plans to resubmit it before the 2024/2025 respiratory season.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:19 pm

MELI

Financial giants have shown a bearish trend on MercadoLibre (NASDAQ:MELI) options, with 57% bearish trades among 14 unusual trades. The price band focus is between $1460.0 and $1910.0. The largest trades include both bullish and bearish sentiments, with significant open interest and volume in options. MercadoLibre, a leading e-commerce platform in Latin America, is currently trading at $1511.0, down by -1.17%. Analysts have set an average price target of $1980.0, with Citigroup and Wedbush providing recent ratings.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:15 pm

NXL

Nexalin Technology, Inc. has been granted U.S. Patent #11944806 for a method of transcranial alternating current dynamic frequency stimulation aimed at treating anxiety, depression, and insomnia. This development could potentially enhance Nexalin's product offerings and market position in the mental health treatment sector.

Portfolio Pulse from Charles Gross

April 02, 2024 | 4:01 pm