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Crypto analyst Ali Martinez predicts a 54% surge in PEPE, a meme-based cryptocurrency, if it closes outside the $0.00000793 - $0.00000664 range. PEPE, launched on Ethereum, aims to capitalize on the meme coin trend. Its market cap peaked at $1.6 billion in 2023, and the crypto community is watching for its performance in the next Bitcoin halving cycle. The crypto market sees significant developments, with Hong Kong potentially boosting Bitcoin with crypto ETFs, while risks of a crash and uncertain Ethereum ETF approvals loom.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 11:52 am

AGEN

Agenus has announced updated Phase 1 data showing promising results in metastatic MSS colorectal cancer treatment, with 12-month overall survival at 71% and 18-month at 62%. The company intends to discuss Phase 2 interim results with the FDA and plans to submit these results to a major medical conference in H2 2024.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:32 am

AMD

BLK

INTC

JPM

QQQ

SPY

WFC

Wall Street is poised for a pullback as stock futures decline, with JPMorgan tumbling 3% and gold surging past $2,400. The shift to cautiousness follows a relief rally sparked by the producer price index report. Big bank earnings have been disappointing, affecting market sentiment. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket declines. Analysts predict a potential momentum pickup in stocks post-April 15, despite current market pullbacks. Upcoming economic data and Fed officials' speeches are highly anticipated. Globe Life Inc. rebounds in premarket trading, while Intel and AMD face challenges from China's move against U.S.-made chips. BlackRock rises after an earnings beat, but Wells Fargo also sees a decline.

Portfolio Pulse from Shanthi Rexaline

April 12, 2024 | 11:27 am

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are trading lower following Ohio Senator Sherrod Brown's call for a ban on imports of China-made EVs to the US.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:16 am

GLD

UNG

USO

On Thursday, U.S. stock markets ended mostly higher, with the Nasdaq and S&P 500 seeing gains, driven by tech momentum stocks amid cooling inflation signs. U.S. producer prices and initial jobless claims both came in below expectations. Despite a drop in stocks on Wednesday due to higher-than-expected CPI data, technology stocks led gains in the S&P 500. The Dow Jones slightly declined. Asian markets were mixed, with Japan's Nikkei 225 gaining, while markets in Australia, India, China, and Hong Kong fell. European markets and commodities, including gold, silver, and crude oil, traded higher.

Portfolio Pulse from Akanksha Bakshi

April 12, 2024 | 11:03 am

JPM

JP Morgan CEO commented on the unprecedented scale of quantitative tightening, indicating that its full effects have yet to be fully realized in the market.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 10:54 am

NVDA

SSNLF

Samsung Electronics Co plans to announce a $44 billion investment in a chip plant in Taylor, Texas, with over $6 billion in U.S. government grants. This move is part of the U.S. strategy to boost domestic semiconductor production under the 2022 Chips and Science Act. Samsung's investment aims to enhance its chip technology, aligning with AI industry leaders like NVIDIA Corp and Micron Technology, and follows a collaboration with Arm Holdings for next-gen CPU technology.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 10:49 am

ILMN

VGK

The European Union has approved Illumina's plan to divest Grail, a significant move that could impact Illumina's strategic direction and financial outlook. This decision by the EU may influence Illumina's stock as it navigates the divestiture process.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:48 am

GOOG

GOOGL

SPY

Epic Games has requested a U.S. judge to mandate changes to the Google Play Store following a favorable antitrust trial verdict. This move could potentially reshape the app distribution landscape on Android devices, impacting Google's control and revenue from its app store.

Portfolio Pulse from Charles Gross

April 12, 2024 | 9:38 am

NUTX

Nutex Health is implementing a strategic plan to cut costs, achieve positive net income, and enhance cash flow. The company aims to address its NASDAQ minimum bid price deficiency and regain compliance. It has paused the opening of new hospitals until certain financial metrics are met and may close or sell underperforming facilities. Nutex Health believes in its strong balance sheet and its ability to continue improving cash flow and achieving positive Adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 9:36 am