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U.S. stocks traded higher with the Dow Jones gaining over 100 points. Charles Schwab Corporation reported a decline in Q1 2024 earnings but beat revenue estimates. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced declines. Crude oil and gold prices fell, while silver and copper prices rose. European and Asian markets showed mixed results, with economic indicators like the NY Empire State Manufacturing Index and retail sales showing improvement.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 4:02 pm

METC

Analyst reviews for Ramaco Resources (NASDAQ:METC) over the last three months show a unanimous bullish outlook, despite a slight decline in the average 12-month price target from $27.25 to $27.00. The company's financial performance indicates strong growth, with a revenue increase of 49.92%, a net margin of 14.82%, and an ROE of 8.32%. Ramaco Resources operates as a metallurgical coal company with operations in West Virginia and Virginia, and explores opportunities in rare earth elements and coal-to-carbon-based products.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 4:01 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN) shares surged following insider buys from executives, including the Chief Scientific Officer and CEO. The company recently closed a public offering, raising $5.2 million for clinical and regulatory development of Lomecel-B. Despite a year-to-date loss of 91.16%, the stock's current RSI indicates it is oversold. Shares are up 50.3% at $2.54.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 3:58 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 3% increase in price alongside a 7,351% surge in daily transactions over four days, attributed to community developments and a decentralized building initiative by Ryoshi Network. The initiative aims to make SHIB a gas for a community-driven L2 ecosystem, enhancing DeFi utilities access. Shiba Inu's sponsorship of the Web3 Summit Dubai and strategic investment policies by its marketing lead, Lucie, further bolster its position. Additionally, a significant token inflow to large holders and a notable token burn have contributed to positive market sentiment.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:28 pm

ABT

Abbott/Thoratec Corp. is recalling HeartMate II and HeartMate 3 LVAS due to a risk of obstruction from biological material buildup, identified as a Class I recall by the FDA. This issue, occurring over two years or more, can lead to serious injuries or death, with 273 reported injuries and 14 deaths. Healthcare professionals and patients using these devices are affected. An Urgent Medical Device Correction Letter was sent to customers on February 19, 2024, advising on monitoring and addressing low flow alarms indicative of this obstruction.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:26 pm

CSCO

Cisco Systems Inc (NASDAQ:CSCO) is poised for growth acceleration from 2025 onwards, driven by its $28 billion acquisition of Splunk, security sector growth, and AI advancements. BofA Securities upgraded Cisco's rating from Neutral to Buy, raising the price target from $55 to $60. The acquisition of Splunk is highlighted for offering 'great growth synergies,' and despite recent underperformance due to Networking weakness, the company's outlook is optimistic with expected market share gains in Ethernet-based AI buildouts.

Portfolio Pulse from Priya Nigam

April 15, 2024 | 3:19 pm

EIPX

HJEN

BP p.l.c. (NYSE:BP) is reducing its workforce in the electric vehicle charging business, BP Pulse, by over 10%, focusing on the U.S., Britain, Germany, and China for EV market growth. The company aims to have 100,000 charging points by 2030, despite cutting jobs and reducing operations from 12 countries to four. This move is part of CEO Murray Auchincloss' strategy to concentrate on profitable segments. BP shares slightly fell by 0.03% to $39.43. Investors can also engage with BP through Direxion Hydrogen ETF (NYSE:HJEN) and First Trust Energy Income Partners Strategy ETF (NYSE:EIPX).

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 3:03 pm

DIS

Disney is introducing a new streaming concept that mimics old-style TV channels to retain viewers. This innovative approach aims to blend traditional TV's simplicity and familiarity with modern streaming's flexibility and content variety.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:02 pm

ONVO

Organovo Holdings, Inc. (NASDAQ:ONVO) shares surged after announcing positive Phase 2 results for FXR314, a treatment for metabolic function-associated steatohepatitis (MASH). The study showed a significant reduction in liver fat content and high tolerability of FXR314. The news led to heavy trading volume, with over 45 million shares traded, far exceeding the 100-day average.

Portfolio Pulse from Erica Kollmann

April 15, 2024 | 2:56 pm

BTCUSD

ETHUSD

Hong Kong's approval of Bitcoin and Ether ETFs, managed by firms like China Asset Management and HashKey, marks a significant move in the digital asset space. These ETFs offer lower costs and reduced risks, aiming to position Hong Kong as a digital asset hub. The success may depend on mainland Chinese investors' participation, potentially accessed through the Southbound Connect program. This development could influence global Bitcoin demand and the stance on virtual currencies, with implications for the cryptocurrency market.

Portfolio Pulse from Ivan Crnogatić

April 15, 2024 | 2:46 pm