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CGEM

MRK

Merck & Co Inc (NYSE:MRK) has agreed to acquire CN201, a bispecific antibody for B-cell-associated diseases, from Curon Biopharmaceutical for $1.3 billion. The deal is relevant to Cullinan Therapeutics Inc. (NASDAQ:CGEM) and its investigational drug CLN-978. Analysts see potential for CN201 in treating autoimmune diseases and highlight Cullinan's appealing valuation.

Portfolio Pulse from Vandana Singh

August 09, 2024 | 7:18 pm

DOGEUSD

PEPEUSD

SHIBUSD

Floki has announced a partnership with Sunderland AFC for the 2024/25 season, aiming to boost the meme coin's real-world adoption. The partnership will showcase Floki's Valhalla game to a large audience, potentially driving a bull run for the coin. Despite recent price volatility, 71% of Floki holders are currently making a profit.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 7:06 pm

BTCUSD

Prominent cryptocurrency analyst Benjamin Cowen predicts an impending 'death cross' for Bitcoin, which he believes could lead to a short-term rally rather than a decline. He advises investors to watch the 50-day SMA around $62,000 as a key level for Bitcoin's next moves. Historical patterns and broader economic factors are crucial for long-term trends.

Portfolio Pulse from Khyathi Dalal

August 09, 2024 | 6:41 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is dealing with a significant security breach that led to the leak of episodes from several upcoming shows. The breach, which also affected Crunchyroll, has caused concern among fans and the streaming community. Netflix is working to remove the leaked content and address the situation.

Portfolio Pulse from Franca Quarneti

August 09, 2024 | 6:34 pm

EA

TTWO

Take-Two Interactive Software, Inc (NASDAQ:TTWO) stock is trading higher following mixed fiscal Q1 2025 results. Analysts from Goldman Sachs, Wedbush, Stifel, and Benchmark have maintained positive ratings and increased price targets, driven by optimism around the company's game pipeline, including GTA VI, and growth in mobile gaming. TTWO shares rose by 2.86% to $142.75.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 6:32 pm

IBM

Financial giants have made significant bullish moves on IBM options, with 18 unusual trades detected. The majority of these trades are puts, with a focus on a price band between $195.0 and $240.0. Analysts have mixed ratings on IBM, with a consensus target price of $206.5.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 6:31 pm

GOOG

GOOGL

NVDA

Perplexity AI's revenue and usage have surged by 700% since the start of the year, driven by a $250 million funding round. The company is transitioning from a subscription-based model to an advertising model to compete with Google. Investors include Nvidia, Jeff Bezos, and others. The company has faced plagiarism allegations but has made changes to address them.

Portfolio Pulse from Michael Juliano

August 09, 2024 | 6:18 pm

PBR

Petrobras CEO announced a slight market share loss in fuel sales recently and stated that raising prices would lead to further decline. The repurchase of the RLAM refinery from Mubadala's Acelen is not a priority.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 6:10 pm

BYDDF

BYDDY

TM

Toyota Motor Corp (NYSE:TM) has seen a significant decline in its stock price, now trading at $168, which is 33% below its 52-week high. The downturn is attributed to a broader sell-off in Japanese equities and unwinding of speculative yen carry trades. Despite no immediate rate hikes from the Bank of Japan, Toyota faces challenges including reliance on hybrid technology and certification irregularities. Technical indicators show a bearish trend, with the stock below key moving averages.

Portfolio Pulse from Surbhi Jain

August 09, 2024 | 6:07 pm

ELF

e.l.f. Beauty, Inc. (NYSE:ELF) reported strong first-quarter results and raised its fiscal year outlook, expecting a 25%-27% year-over-year increase in net sales. Analysts provided mixed ratings, with price forecasts ranging from $161 to $260. The company is expanding internationally, entering new markets like Australia and Germany.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 5:56 pm