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BAC

Bank of America's stock (BAC) is trading higher following an upgrade from Wolfe Research, moving from Peer Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:51 pm

SHIBUSD

Shiba Inu (SHIB) sees a 55% spike in whale transactions and a 1.4% increase in price, amid broader crypto market optimism. Lucie, Shiba Inu's marketing lead, expressed confidence in the coin's future on X, highlighting its sustained position and development efforts. The Shibarium network launched a new UI update, enhancing user experience and wallet compatibility. Crypto investor Jake Gagain predicts SHIB could reach a $100 billion market cap by 2025, supported by IntoTheBlock and CoinGlass data indicating strong buying demand and market stability.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 3:51 pm

AXP

American Express shares are trading higher after the company reported better-than-expected Q1 earnings and provided strong guidance for future performance.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:50 pm

BRNS

Barinthus Biotherapeutics plc (NASDAQ:BRNS), previously known as Vaccitech plc, reported final topline results from the APOLLO trial of VTP-200 for low-grade cervical lesions associated with persistent hrHPV infection. The trial met its primary safety endpoint but showed no significant improvement in hrHPV or cervical lesion clearance rates in the overall pooled results, despite positive trends in higher dose cohorts. The company is evaluating future development options for VTP-200, while attention may shift to VTP-300 for chronic hepatitis B. BRNS shares dropped 5.90% to $2.71.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 3:49 pm

CEG

Constellation Energy (NASDAQ:CEG) has seen unusual options activity indicating a predominantly bearish sentiment among big-money traders, with a significant volume of puts compared to calls. The options suggest targeting a price range of $140 to $220 for CEG over the next three months. Despite this, analysts maintain positive ratings on CEG, with target prices suggesting an upside potential.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:46 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) has reported suspected naked short selling of its shares to Nasdaq, citing its appearance on the Reg SHO threshold list, which signals illegal trading activity. The company highlighted that such practices harm retail investors and noted that four market participants, including Citadel Securities and VIRTU Americas, are responsible for a significant volume of DJT's traded shares. Amidst a share price decline since going public, the company advised shareholders on preventing their shares from being loaned for short positions.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 3:44 pm

AMD

MRVL

MU

NVDA

Semiconductor stocks are trading lower due to pressure from ASML and TSMC's earnings reports and mixed market reactions amid Iran-Israel tensions. AMD, MRVL, MU, and NVDA are among the affected stocks.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:43 pm

SPCE

Virgin Galactic Holdings announced it is considering a reverse stock split, with options ranging from 1-for-2 to 1-for-20, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:43 pm

TLT

IMF deputy chief Gita Gopinath highlighted the unsustainable U.S. fiscal deficit, currently at 7% of GDP, with projections showing it remaining above 6% through 2029. The U.S. government debt-to-GDP ratio is expected to rise from 122% to 134% by 2029. Gopinath warned of global economic stability risks and higher borrowing costs due to U.S. debt dynamics. Despite expectations of lower interest rates, the fiscal challenges persist, with the iShares 20+ Year Treasury Bond ETF (TLT) experiencing a 9% decline this year.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 3:41 pm

MA

Mastercard Inc. (NYSE:MA) launched a mobile virtual card application to enhance contactless payments, featuring advanced security and digital innovations. The app supports cards from multiple issuers and is first adopted by HSBC Australia and Westpac for their corporate customers. Analyst David Koning from Baird maintained an Outperform rating on Mastercard, raising the price target from $525 to $545, citing expected revenue and EPS above consensus for the first quarter. Koning predicts revenues of $6.44 billion and EPS of $3.31-3.33, attributing growth to stable transaction processing and underestimated cross-border revenues.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 3:35 pm