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EDBL

Edible Garden AG Incorporated (EDBL) announced it has regained compliance with Nasdaq's minimum bid price requirement, emphasizing the importance of its Nasdaq listing for credibility and visibility. The company remains optimistic about its future, highlighting its expanding retail network, diverse product line, and strict cost management as foundations for accelerated revenue growth and a strategy to become cash flow positive.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:16 pm

NIVF

NewGenIvf Group Limited (NIVF) shares are trading higher following the announcement of a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings. This strategic move could significantly impact NIVF's market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:13 pm

MSFT

SPY

TSLA

Bitcoin transaction fees have reached a 5-year low post-halving, while US stocks anticipate a rise due to Big Tech earnings. The US political landscape is heated with discussions on TikTok bans and support for Israel. Globally, tensions rise with military spending and diplomatic efforts. The NYSE considers 24/7 trading, and tech giants like Microsoft and Meta are in focus. The EV market sees Tesla at 15-month lows and discussions on pricing strategies. Express files for bankruptcy, and TikTok faces regulatory challenges. Quanex acquires Tyman, and Plus Therapeutics receives a grant from the US Department of Defense. Blackstone bids for Hipgnosis, and Elon Musk predicts home robots for every American household.

Portfolio Pulse from Akanksha Bakshi

April 22, 2024 | 1:12 pm

CAH

UNH

Cardinal Health, Inc. (NYSE:CAH) announced it will not renew its pharmaceutical distribution contracts with OptumRx, a subsidiary of UnitedHealth Group Inc (NYSE:UNH), expiring end of June 2024. Despite this, Cardinal Health reaffirmed its fiscal 2024 EPS guidance and long-term profit growth targets. Sales to OptumRx accounted for 16% of Cardinal's revenue in fiscal 2023, with the majority being non-specialty bulk shipments. The company expects to offset the OptumRx impact through new customer wins and specialty growth, aiming for an average adjusted free cash flow of $2 billion from fiscal 2024 to 2026. CAH shares dropped 4.32% in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 1:10 pm

DKNG

MSGS

The article discusses the ongoing 30-year Stanley Cup drought for Canadian NHL teams, highlighting the Montreal Canadiens as the last Canadian team to win in 1993. It presents the betting odds for the 2024 Stanley Cup, with DraftKings Inc (NASDAQ:DKNG) listing the Edmonton Oilers as the top Canadian team. Madison Square Garden Sports (NYSE:MSGS), owning the New York Rangers and Knicks, is noted for its public listing and the Rangers' strong season performance. The article suggests MSGS could see financial benefits from deep playoff runs by its teams.

Portfolio Pulse from Chris Katje

April 22, 2024 | 1:08 pm

CSGP

MTTR

CoStar Group, Inc. (CSGP) has announced a definitive agreement to acquire Matterport in a cash and stock transaction valued at $5.50 per share, totaling an estimated $1.6 billion. Matterport stockholders will receive $2.75 in cash and $2.75 in CoStar Group stock per share. This acquisition aims to enhance the development and deployment of AI and digital twin technology across CoStar's product lines, leveraging Matterport's pioneering 3D capture technology and vast spatial data library. The transaction, expected to close within the year, has received approval from Matterport's Board and key stockholders.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:02 pm

MNDY

Monday.Com (NASDAQ:MNDY) has received mixed analyst ratings over the past three months, with a total of 13 analysts offering evaluations. The ratings range from bullish to indifferent, with recent actions including both raises and lowers in price targets. The average 12-month price target for MNDY is now $246.15, up 2.87% from the previous average. Analysts' actions reflect their responses to market conditions and company performance, with price targets ranging from $190.00 to $280.00. Monday.Com, a provider of cloud-based work management software, has shown notable revenue growth of 35.12% over the past three months but faces challenges in net margin and ROE, despite a strong ROA and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:01 pm

DJD

FDL

VZ

Verizon Communications Inc (NYSE:VZ) reported its fiscal first-quarter 2024 results with a slight increase in sales to $32.98 billion, missing consensus estimates but beating adjusted EPS expectations. Wireless service revenue grew by 3.3%, driven by pricing actions and subscriber growth, despite postpaid phone net losses. Broadband and fixed wireless segments saw significant net additions, while Verizon Business revenues declined. The company's adjusted EBITDA increased, and it reiterated its FY24 outlook for wireless service revenue growth and adjusted EPS. Verizon's stock rose 2.17% in premarket trading, and exposure to Verizon stock can also be gained through Invesco Dow Jones Industrial Average Dividend ETF (NYSE:DJD) and First Trust Morningstar ETF (NYSE:FDL).

Portfolio Pulse from Anusuya Lahiri

April 22, 2024 | 1:01 pm

SLNA

Selina has received a notice from Nasdaq regarding its potential delisting. The company plans to request a hearing to appeal the decision. This development could impact investor confidence and the stock's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:01 pm

BILL

BILL Holdings (NYSE:BILL) has received mixed analyst ratings over the past quarter, with a shift towards more neutral and bearish stances in the last 30 days. The average 12-month price target among analysts is $81.9, with a high of $100.00 and a low of $60.00, marking a 3.0% decrease from the previous average. Analyst actions include both downgrades and upgrades, reflecting changing market conditions and company performance. BILL Holdings, a provider of cloud-based payment solutions, has shown a revenue growth of 22.5% but struggles with profitability and debt management compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:00 pm