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GLD

SPY

U.S. stock markets ended higher on April 5th, driven by a strong jobs report, suggesting the Federal Reserve may hold off on reducing interest rates. Asian markets were mixed, with gains in Japan, Australia, and India, but declines in China. European markets rose, and gold hit a new high at $2,350. U.S. futures were slightly down in early trading.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 11:38 am

IREN

Iris Energy's stock is trading higher following the announcement of an upsized and extended AI cloud services agreement with Poolside. The increase in stock price may also be attributed to a recent rise in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:36 am

TSLA

Tesla Inc. (TSLA) shares are rebounding in premarket trading after a 6% drop last week due to rumors of a scrapped low-cost EV project. Despite CEO Elon Musk's denial, the stock fell 3.63% on Friday. The rebound, with shares up 1.86% to $167.96, is attributed to Musk's announcement of a robotaxi unveiling on Aug. 8, which has analysts optimistic about Tesla's full-self driving software. Gene Munster of Deepwater Asset Management supports Tesla's focus on robotaxis, predicting their deployment by 2027. Technical factors and the stock's bounce off a support level also contribute to the positive outlook, with investors eyeing the upcoming Q1 earnings report on April 23rd.

Portfolio Pulse from Shanthi Rexaline

April 08, 2024 | 11:32 am

DCO

Ducommun Inc (NYSE:DCO) shares surged after receiving an unsolicited acquisition proposal from Albion River LLC for $60.00 per share in cash. The Board of Directors is reviewing the offer to assess its alignment with shareholder interests. Ducommun, a provider of manufacturing solutions in aerospace, defense, and industrial sectors, reported a revenue of $757 million in 2023, with a market capitalization increase to $760 million from $605 million in 2022. RBC Capital Markets and Simpson Thacher & Bartlett LLP are advising Ducommun on this matter. DCO shares rose 14.2% to $55.48 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 11:32 am

ARBK

CIFR

CLSK

COIN

MARA

RIOT

Crypto-related stocks, including ARBK, CIFR, CLSK, COIN, MARA, and RIOT, are trading higher due to an increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:31 am

VERO

Venus Concept Inc. announced it has received Israeli regulatory approval for Venus Bliss MAX, a medical aesthetic technology. The product was first launched in the U.S. in Q1 2022 after FDA clearance and is available in approved jurisdictions internationally.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:31 am

PERI

Perion Network Ltd. (NASDAQ:PERI) shares plummeted premarket Monday after the company reported disappointing preliminary results for Q1 FY24 and significantly lowered its FY24 guidance. The company's revenue and adjusted EBITDA for Q1 were below consensus expectations, attributed to a decline in Search Advertising activity due to changes by Microsoft Bing. Additionally, Perion lowered its FY24 revenue and adjusted EBITDA outlook, citing challenges in Search Advertising and web video activity. Despite these setbacks, the company is focusing on expanding its Display Advertising activity and leveraging its strong cash balance for strategic acquisitions.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 11:21 am

SEE

Truist Securities analyst Michael Roxland upgraded Sealed Air (NYSE:SEE) from Hold to Buy and increased the price target from $39 to $44.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:18 am

IAUX

i-80 Gold Corp. (IAUX) has announced a C$86M bought deal public offering of units at C$1.65 per unit. The offering includes 51,882,000 units, each consisting of one common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$2.15 for 48 months post-closing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:18 am

AKTS

Akoustis Technologies, Inc. (AKTS) has secured a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 enterprise class OEM. The OEM will use Akoustis' high-performance XBAW filters in a 4X4 MU-MIMO enterprise router platform, with volume orders supporting a production ramp in the second half of the calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am