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LEU

UEC

URG

UUUU

Uranium stocks are experiencing an uptick following news that US oil companies are considering the use of small nuclear reactors for powering drilling operations in the Permian Basin. This development could signal a new demand avenue for uranium, potentially boosting the sector.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 4:20 pm

NUE

Nucor Corporation (NYSE:NUE) has acquired Southwest Data Products, Inc. for $115 million, launching Nucor Data Systems to serve the data center infrastructure industry. The acquisition enhances Nucor's capabilities in serving the rapidly growing data center market, with SWDP's facilities in San Bernardino, California, adding 147 employees to Nucor. This move aligns with Nucor's strategy to supply low embodied carbon steel for the green and digital economy, supported by its $7.1 billion in cash and equivalents as of December 31, 2023. NUE shares rose 1.15% to $200.19.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 4:10 pm

AIG

ALL

KBWP

PGR

A report by Insurify predicts a 6% increase in home insurance rates in 2024, following a 19.8% rise over the past two years, with the average annual premium reaching $2,522. Factors such as climate disasters and inflation are driving costs up, particularly in states like Florida and Louisiana. The Invesco KBW Property & Casualty Insurance ETF (NASDAQ:KBWP) and stocks of major insurance companies like Progressive Corp (NYSE:PGR), Allstate Corp (NYSE:ALL), and American International Group, Inc. (NYSE:AIG) have seen significant gains, with KBWP hitting record highs.

Portfolio Pulse from Piero Cingari

April 01, 2024 | 3:57 pm

AMD

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) has seen a year-to-date return of 253.94%, outperforming Nvidia's 82.91% return. SMCI's growth is driven by high demand for AI-optimized server solutions and strategic partnerships with major AI chip producers like Nvidia and AMD. Analysts predict a further 25% to 32% upside by year-end 2024.

Portfolio Pulse from Surbhi Jain

April 01, 2024 | 3:53 pm

ALGS

Aligos Therapeutics has received a $1.3 million contract from the National Institutes of Health (NIH) for the clinical development of a compound aimed at treating Covid-19.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:31 pm

FANG

U.S. oil companies, including Diamondback Energy Inc., are exploring the use of small nuclear reactors to power operations in Texas's Permian Basin. This initiative, led by a nonbinding letter of intent with Oklo Inc., aims to reduce carbon emissions and ensure reliable electricity. Oklo's advanced fission reactor technology is also being discussed with other oil firms.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:30 pm

VIRI

Virios Therapeutics' stock price increased following the announcement of an international patent publication for a treatment combining Valacyclovir and Celecoxib aimed at Alzheimer's and COVID-19.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:21 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) announced its New Drug Submission for exagamglogene autotemcel (exa-cel) has been accepted for Priority Review by Health Canada for treating sickle cell disease and transfusion-dependent beta thalassemia in patients aged 12 and older. This marks the first CRISPR-based gene-edited therapy submitted for review in Canada. The review timeline is reduced to 180 days from the conventional 300 days, supported by positive Phase 3 study results.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:01 pm

BIG

Big Lots (NYSE:BIG) has opened two Asia-based buying offices in Shanghai, China, and Ho Chi Minh City, Vietnam, to enhance its product sourcing capabilities, including closeout deals and extreme bargains. This move is expected to generate significant operational cost savings starting in FY2024 by integrating its long-time third-party agent's sourcing team in-house. The initiative aims to strengthen Big Lots' overseas procurement and assortment optimization, supporting its strategy to offer new and expanded assortments at extreme value prices.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 3:00 pm

AAPL

AMZN

META

MSFT

NVDA

TSLA

Despite downturns in Apple (AAPL) and Tesla (TSLA) shares, the S&P 500 has seen its strongest first quarter since 2019, thanks to the performance of Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Amazon.com (AMZN). These 'Fab Four' have been central to the market's resilience, with investor optimism fueled by potential economic stability and interest in AI technologies. However, concerns about a possible market rally end persist, with Tesla facing competition and growth challenges, and Apple dealing with legal issues and AI positioning questions.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:56 pm