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Stock Prices

BABA

Analysts have mixed views on Alibaba Gr Holding (NYSE:BABA), with recent evaluations showing a shift towards a more cautious stance. The average 12-month price target has been lowered to $100.44 from $116.12, indicating a 13.5% decline. Key analysts from firms like Morgan Stanley, Mizuho, and Goldman Sachs have adjusted their ratings and price targets, reflecting changes in market conditions and Alibaba's performance. Despite a positive revenue growth rate of 5.08% as of December 31, 2023, Alibaba's growth lags behind its industry peers. However, the company demonstrates strong profitability and financial health, with impressive net margin, ROE, and ROA figures.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:01 pm

HYMTF

TSLA

Ford Motor (NYSE:F) is delaying the production of an all-electric SUV and pickup truck to focus on hybrids, despite a $4.7 billion loss in its EV business in 2023. The delay allows Ford to leverage developing battery technology and continue construction of battery plants. Ford ranked just behind Tesla (NASDAQ:TSLA) and Hyundai (OTC:HYMTF) in EV sales, with a significant YoY increase in EV and hybrid sales. The strategy reflects a cautious approach to EV production amid high costs and market realities.

Portfolio Pulse from Upwallstreet

April 09, 2024 | 2:00 pm

RXRX

Recursion Pharmaceuticals (NASDAQ:RXRX) has been evaluated by 5 analysts over the last three months, showing a predominantly bullish sentiment. The average 12-month price target for RXRX is $16.00, marking a 6.67% increase from the previous target of $15.00. Despite the positive analyst outlook, the company faces challenges with a -22.32% decline in revenue growth and below-average performance in ROE and ROA. However, its net margin outperforms industry averages, and its debt management is sound.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:00 pm

DIS

NFLX

Disney CEO Bob Iger emphasizes focusing on theme parks and experiences, the best-performing division, while aiming to make streaming profitable by following Netflix's strategies. Disney plans to invest $60 billion in park enhancements over the next decade and aims to integrate Hulu into Disney+ and transition ESPN for streaming. Despite challenges, the experiences division posted record revenue and operating income in the 2023 fiscal year.

Portfolio Pulse from Upwallstreet

April 09, 2024 | 1:57 pm

FPX

MILN

UBER

Uber Eats introduces a TikTok-style short-form video feature for food discovery, currently testing in New York, San Francisco, and Toronto. This aligns with trends set by platforms like Instagram, YouTube, Snapchat, LinkedIn, and others. The feature aims to boost consumer confidence in trying new dishes by showcasing videos of food preparation and is offered based on restaurant proximity. Unlike typical advertising, it's free for merchants. Uber Eats also updates its Manager software and plans a new app for restaurant managers. Uber stock has gained over 136% in the last 12 months, with exposure through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 1:55 pm

ACTV

PKB

SWX

Southwest Gas Holdings, Inc.'s subsidiary, Centuri Holdings, Inc., is preparing for an IPO, offering 12.40 million shares with an option for underwriters to buy an additional 1.86 million shares. The price range is set between $18.00 and $21.00 per share, and it will be listed on the NYSE under the ticker 'CTRI'. Carl Icahn's investment entities have agreed to purchase 2.59 million shares concurrently. The IPO is part of a public filing with the SEC by Centuri. Exposure to SWX can also be gained through LeaderShares Activist Leaders ETF (ACTV) and Invesco Building & Construction ETF (PKB). SWX shares recently dropped by 0.74%.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 1:54 pm

ACRV

Acrivon Therapeutics Inc (NASDAQ:ACRV) announced a $130 million private placement financing, issuing 8.235 million shares at $8.50 each and pre-funded warrants for 7.06 million shares. This oversubscribed PIPE financing is expected to close on April 11. The funds will support the advancement of ACR-368 and other pipeline projects, with sufficient funding anticipated into the second half of 2026. ACRV shares surged 53.5% to $9.07 following the announcement.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 1:52 pm

ACRV

HUBC

LASE

MDIA

NEOG

VINC

WAVE

U.S. stocks traded higher with the Dow Jones gaining over 50 points. Neogen Corporation reported lower than expected Q3 earnings and reduced 2024 guidance. Laser Photonics, Acrivon Therapeutics, and MediaCo Holding saw significant stock increases, while Vincerx Pharma, Eco Wave Power Global, and HUB Cyber Security experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 09, 2024 | 1:51 pm

GOOG

GOOGL

INTC

NVDA

Alphabet Inc's shares are trading higher after reports of developing its own in-house chips, named Axion, to reduce AI development costs. This move aims to lessen reliance on external vendors, positioning Alphabet in competition with Intel and Nvidia. Axion, based on Arm Holdings' circuitry, is designed for a variety of tasks including AI and data analysis, with expectations to enhance performance by up to 30% for cloud customers.

Portfolio Pulse from Adam Eckert

April 09, 2024 | 1:48 pm

ROOT

Root Inc. saw significant trading activity in its May 17 $125 call options, with 109 contracts traded at $6.9 each versus an open interest of 37 contracts. This activity comes ahead of Root's estimated earnings release on May 1, after the market closes. The reference stock price at the time of the option trade was $83.43.

Portfolio Pulse from Charles Gross

April 09, 2024 | 1:47 pm