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PALI

Palisade Bio, Inc. (NASDAQ:PALI) shares surged after announcing successful analysis of PALI-2108, showing efficient conversion into its active form in stool samples from healthy volunteers and ulcerative colitis patients. The study's positive results have boosted investor confidence, with shares trading higher on heavy volume, significantly above the 100-day average.

Portfolio Pulse from Erica Kollmann

April 16, 2024 | 3:47 pm

SPY

The article discusses the use of the 'percentage of stocks above their 50-day SMA' as a tool for swing traders to assess market conditions, highlighting its recent negative turn for the S&P 500. It advises traders to avoid taking long trades until the indicator turns positive again. The S&P 500 and all US stocks indicators are mentioned, with specific symbols provided for accessing these indicators on various charting platforms. The author owns S&P 500-related ETFs and advises caution in short-term trading.

Portfolio Pulse from Cory Mitchell

April 16, 2024 | 3:43 pm

LEGN

Legend Biotech announced that CARVYKTI generated approximately $157M in net trade sales for the quarter ended March 31.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:42 pm

BA

Boeing Co (NYSE:BA) has announced its largest annual purchase of sustainable aviation fuel (SAF), totaling 9.4 million gallons, to support its 2024 U.S. commercial operations. This purchase, which is over 60% higher than the previous year, will aid the Boeing ecoDemonstrator program and its U.S. commercial flights. The SAF consists of 30% waste by-products and 70% conventional jet fuel. Boeing also plans to buy CO2 emissions reductions for 5.4 million gallons of SAF through a book-and-claim process. EPIC Fuels and Avfuel will supply the SAF, with contributions from Neste.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 3:40 pm

KA

Kineta, Inc. has been granted a U.S. patent titled 'Proteasome activity enhancing compounds (including methods for treating cancer or tumors)'. This patent could potentially bolster Kineta's position in the oncology market by providing new avenues for cancer treatment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:35 pm

COIN

Coinbase Inc. (NASDAQ:COIN) and Kraken have launched ad campaigns to promote the upcoming Bitcoin halving, highlighting Bitcoin's value growth and its contrast to traditional fiat currency. Coinbase's ad uses pizza to illustrate Bitcoin's appreciation, while Kraken's ad takes a philosophical approach, emphasizing Bitcoin's scarcity and divisibility. These campaigns aim to boost interest in Bitcoin ahead of the halving event and the Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 16, 2024 | 3:17 pm

ULTA

Investors have shown a bearish stance on Ulta Beauty (NASDAQ:ULTA), with options data revealing 16 transactions, predominantly puts. The trading sentiment is mixed but leans heavily towards bearish, with a focus on a price band between $310.0 and $515.0. Ulta Beauty, a leading beauty retailer with a partnership with Target, has seen its stock price decrease by -2.33%, with an RSI indicating potential oversold conditions. The next earnings report is expected in 37 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:16 pm

DJT

Trump Media & Technology Group shares are trading lower, reversing from earlier premarket gains following the announcement of a new streaming platform. The initial excitement about the launch of the platform seems to have waned, leading to a decrease in the stock price.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 3:15 pm

CNO

Piper Sandler analyst John Barnidge upgraded CNO Financial Group Inc (NYSE:CNO) from Neutral to Overweight, maintaining a price target of $29. The upgrade reflects the company's consistent profitability in health and life products and a strategic shift in its product portfolio away from legacy liabilities. CNO's long-term care insurance, previously unprofitable, has seen improvements due to a reinsurance relationship with RGA. The company is also exploring options to diversify its liability profile through its Bermuda entity.

Portfolio Pulse from Priya Nigam

April 16, 2024 | 2:59 pm

BYDDY

RACE

BYD Co., Ltd. has expanded into the luxury SUV market with the unveiling of the Super 3 and Bao 8 models, aiming to compete with Jaguar Land Rover. The announcement was made at a live-streamed event in Shenzhen, without specifying if the new SUVs are hybrid or fully electric. This move is part of BYD's strategy to enter the high-end luxury segment, highlighted by the recent introduction of its most expensive car, the Yangwang U9 electric supercar, targeting competitors like Ferrari N.V. and Lamborghini. The unveiling precedes the Beijing Auto Show, emphasizing BYD's prominence in China's automotive industry.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:59 pm