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ABIO

CASA

KTRA

SINT

VIEW

VNDA

U.S. stocks traded higher with the Nasdaq gaining over 0.5%. Industrials shares led gains, while consumer staples fell. Kintara Therapeutics, ARCA biopharma, and Vanda Pharmaceuticals surged on positive news, whereas Casa Systems, View, Inc., and Sintx Technologies plummeted due to financial distress. The ISM services PMI declined, and oil prices rose.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 4:01 pm

BYDDY

TSLA

Tesla Inc (TSLA) reported its first annual drop in sales, facing increased competition and a price war that hurt profit margins. General Motors (GM) saw a decline in EV and fleet deliveries but had a bright spot with newer EV models like the Cadillac Lyriq. Ford Motor (F) had a strong start to the year with a significant rise in vehicle sales, including hybrids and EVs like the F-150 Lightning. BYD (BYDDY) experienced a drop in pure EV sales but reported a 13% rise in overall EV sales.

Portfolio Pulse from Upwallstreet

April 03, 2024 | 3:55 pm

OCGN

Ocugen Inc (NASDAQ:OCGN) shares surged 14% to $1.58 after updating on its 2023 business activities and financial status. The company reported progress in gene therapy programs for blindness, with notable advancements in OCU400 and OCU410 trials. Ocugen is also advancing its vaccine and NeoCart® platform projects. Despite planning to restate 2022 financial statements due to errors, Ocugen's current funds are expected to support operations into Q4 2024. Shares have risen 80% over the past month following a favorable court ruling and a bylaw amendment to lower quorum requirements for shareholder meetings.

Portfolio Pulse from Henry Khederian

April 03, 2024 | 3:44 pm

IYG

XLF

Visa Inc. has launched Subscription Manager, a new service for financial institutions to help cardholders manage their subscriptions easily. This addition to Visa's Digital Enablement product suite aims to improve digital experiences and increase transparency in the subscription economy. Investors can gain exposure to Visa through IShares U.S. Financial Services ETF and SPDR Select Sector Fund - Financial. Visa's stock saw a slight increase of 0.09% to $278.69.

Portfolio Pulse from Lekha Gupta

April 03, 2024 | 3:37 pm

AMD

DLR

EQIX

SMCI

The article discusses the concept of finding overlooked investment opportunities in the stock market, particularly focusing on 'pick and shovel' plays that benefit from larger trends like the AI boom. It highlights how stocks like NVIDIA and Advanced Micro Devices (AMD) have seen significant gains, but suggests looking at companies like Digital Realty (DLR) and Equinix Inc (EQIX) that could also benefit from the AI trend but haven't been as widely discussed or seen as dramatic price increases.

Portfolio Pulse from Aaron Bry

April 03, 2024 | 3:36 pm

ICAD

iCad Inc. shares have seen an increase following the announcement of a collaboration with Rad-AID. This partnership aims to introduce mammography AI-based decision support systems in Low and Middle-Income Countries (LMICs).

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:28 pm

TLRY

A new study by Tilray Medical, a division of Tilray Brands, Inc. (NASDAQ:TLRY) (TSX:TLRY), shows older patients increasingly choosing cannabis for treating chronic pain, arthritis, anxiety, and insomnia. The study, derived from the Canadian Cannabis Patient Survey 2021, included 2,697 patients with a mean age of 54.3. It highlights a significant reduction in the use of prescription opioids among these patients. This research, along with other studies, indicates a growing trend of cannabis consumption among seniors for medical purposes.

Portfolio Pulse from Jelena Martinovic

April 03, 2024 | 3:12 pm

BKR

SNMRY

Baker Hughes Company (NASDAQ:BKR) has been chosen by Snam SPA (OTC:SNMRY) to supply three turbocompressors with NovaLT12 gas turbines for the Adriatic Line pipeline project in Italy. This project aims to reduce carbon emissions by allowing up to 10% hydrogen blend with natural gas. The collaboration is part of Italy's efforts to decarbonize its gas network and is supported by the National Recovery and Resilience Plan and the REpowerEU Plan.

Portfolio Pulse from Akanksha Bakshi

April 03, 2024 | 3:11 pm

ROKU

Roku, in partnership with the NBA, has launched the first-ever NBA FAST channel and NBA Zone on The Roku Channel, offering fans access to games, highlights, documentaries, and more. This collaboration aims to enhance the sports streaming experience, providing an always-on destination for basketball content. The NBA FAST channel will feature a variety of NBA content, including over 40 live NBA G League games during the 2024-2025 season. Additionally, the NBA App and NBA League Pass will be integrated within the NBA Zone, further enriching the viewing experience.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 3:03 pm

LLY

Financial analysis reveals a bearish trend in options trading for Eli Lilly and Co (NYSE:LLY), with 73% of trades showing bearish tendencies. The price target for LLY is set between $430.0 and $900.0. The largest options trades indicate a focus on strike prices ranging from $700 to $785. Eli Lilly, a drug firm, has seen its stock price slightly increase by 0.2% to $765.5. Analyst ratings in the last month have an average target price of $852.5, with ratings from JP Morgan, Citigroup, Truist Securities, and Cantor Fitzgerald.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:01 pm