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MARA

RIOT

Shares of Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are reacting to a pullback in Bitcoin prices, with Bitcoin trading around $68,000 after previously reaching over $72,500. Both companies are preparing for the upcoming Bitcoin halving event, with strategies to mitigate the impact of reduced revenue and increased costs. Marathon Digital aims to increase its mining efficiency, while Riot Platforms plans to expand its mining capacity significantly. Additionally, Marathon Digital's revenue growth and future price target are discussed, highlighting its performance relative to the S&P 500 and the Information Technology sector.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 2:43 pm

AMC

AMC Entertainment Holdings (NYSE:AMC) CEO Adam Aron dismissed bankruptcy concerns despite the company's shares hitting 52-week lows. Aron remains optimistic about AMC's future, citing creative strategies like concert films and a retail popcorn business. He expects a strong box office in 2025 and 2026, despite a predicted decline in 2024. AMC ended 2023 with a cash balance of $885 million, which Aron believes is sufficient to navigate through 2024.

Portfolio Pulse from Chris Katje

April 10, 2024 | 2:42 pm

INAB

IN8bio Inc (NASDAQ:INAB) revealed promising preclinical data for its INB-300 candidate from the nsCAR platform, showing improved selectivity in targeting leukemia cells while preserving healthy tissues. The data, presented at the AACR Annual Meeting 2024, demonstrates the potential of nsCAR to offer a wider therapeutic window and reduce off-tumor killing. The study highlighted the nsCAR constructs' ability to significantly enhance tumor-killing capability against leukemia cells without harming healthy cells, leading to a 9% increase in INAB stock in the premarket session.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 2:38 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) shares dropped after announcing the integration of a previously flown Electron rocket first stage tank back into production, marking a significant step towards making Electron the world's first reusable small orbital launch vehicle. This development is part of Rocket Lab's efforts to ensure systems and processes can handle pre-flown boosters at scale, with the potential reflight of the stage planned for the new year.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 2:34 pm

RIO

Rio Tinto (NYSE:RIO) appoints Bold Baatar as chief commercial officer, focusing on copper and renewable energy. Baatar, who joined in 2013 and led the Oyu Tolgoi copper mine expansion, replaces retiring Alf Barrios. The move aligns with Rio Tinto's strategy on key metals and improving its brand post-controversies. The company also partners with Founders Factory to foster entrepreneurship in Western Australia, investing $9.5 million in a startup hub for mining innovation.

Portfolio Pulse from Stjepan Kalinic

April 10, 2024 | 2:31 pm

BA

RTX

RTX has entered into an agreement that encompasses a range of commercial and military platforms for Airbus, Boeing, Bombardier, and Embraer. This deal highlights RTX's broad engagement across major aircraft manufacturers and could signal potential growth in both commercial and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:29 pm

AMZN

NFLX

TOON

Kartoon Studios Inc (AMEX:TOON) reported Q4 revenue of $8.8 million and full-year 2023 revenue of $44.1 million, highlighting the success of its Kartoon Channel! platform. The company announced the launch of the Stan Lee store on Amazon.com, focusing on branded merchandise. Comparatively, Kartoon Studios reached operational break-even faster than Netflix Inc (NASDAQ:NFLX). The company plans to enhance operational efficiency and grow revenue by focusing on the Stan Lee brand and implementing AI technology.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 2:28 pm

RTX

Satair has extended its parts distribution agreement with RTX's Collins Aerospace for an additional four years. This renewal agreement grants Satair global distribution rights for Collins' electric, environmental control, and engine system parts.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:28 pm

ENPH

Enphase Energy Inc (NASDAQ:ENPH) shares dropped 7.2% to $113.20 amid overall market weakness due to hotter-than-expected March inflation data, with the CPI rising to 3.5%. This inflation increase, marking the second consecutive month of growth, could lead to higher input costs and reduced demand for Enphase Energy's renewable energy solutions.

Portfolio Pulse from Henry Khederian

April 10, 2024 | 2:24 pm

NCL

Northann Corp (NYSE:NCL) has entered into a cross-licensing agreement with I4F, a provider of patents and technologies for the flooring industry. This partnership aims to enhance their digital printing offerings, with Northann planning to manufacture its 3D printing ecosystem in the U.S., significantly reducing production costs. Despite the positive news, NCL shares dropped by 2.94% to $0.5249.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 2:19 pm