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VIRX

Viracta Therapeutics announced topline results from Stage 1 of the pivotal Phase 2 NAVAL-1 trial for Epstein-Barr virus-positive peripheral T-cell lymphoma, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:12 pm

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WFC

First quarter bank earnings for 2024 showed strong results from Wells Fargo, JPMorgan Chase, Citigroup, and Goldman Sachs, with most surpassing analyst estimates. Wells Fargo and Citigroup reported slight revenue increases and net income declines, while JPMorgan and Goldman Sachs saw significant profit and revenue growth, partly due to higher interest rates, larger loan balances, and a rebound in global M&A activity. Despite the positive results, banks provided conservative guidance due to potential macroeconomic and geopolitical uncertainties.

Portfolio Pulse from Upwallstreet

April 15, 2024 | 3:11 pm

ETHUSD

Cryptocurrency trader Alex Krüger predicts Ethereum (ETH) will reach new all-time highs, citing its utility for staking despite its current underperformance. He advises against maximalism and suggests portfolio rebalancing during market crashes. The approval of Hong Kong's first spot Bitcoin and Ethereum ETFs marks a significant step towards mainstream crypto investment in Asia, potentially increasing adoption and liquidity.

Portfolio Pulse from Ivan Crnogatić

April 15, 2024 | 3:11 pm

DJT

The criminal trial of former President Donald Trump, focusing on alleged hush money payments to Stormy Daniels ahead of the 2016 election, begins in New York. This marks the first criminal trial for a former U.S. president and could last six to eight weeks. Trump, who has pleaded not guilty, faces a maximum penalty of four years in prison for each charge. Key witnesses include former Trump lawyer Michael Cohen and Stormy Daniels. The trial's outcome and potential jail time for Trump could impact his 2024 presidential campaign. Trump Media & Technology Group shares have dropped 12% to $28.50 amid the trial's start.

Portfolio Pulse from Chris Katje

April 15, 2024 | 3:04 pm

AVAXUSD

Avalanche (CRYPTO: AVAX) saw a price increase of 4.18% in the last 24 hours to $36.91, despite a 24% decrease over the past week from $49.68. The trading volume has increased by 75% over the past week, while the circulating supply decreased by 0.11% to 377.91 million, representing 52.49% of its max supply. AVAX's market cap ranks #12 at $14.07 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:03 pm

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) is reducing its workforce in the electric vehicle charging business, BP Pulse, by over 10%, focusing on the U.S., Britain, Germany, and China for EV market growth. The company aims to have 100,000 charging points by 2030, despite cutting jobs and reducing operations from 12 countries to four. This move is part of CEO Murray Auchincloss' strategy to concentrate on profitable segments. BP shares slightly fell by 0.03% to $39.43. Investors can also engage with BP through Direxion Hydrogen ETF (NYSE:HJEN) and First Trust Energy Income Partners Strategy ETF (NYSE:EIPX).

Portfolio Pulse from Lekha Gupta

April 15, 2024 | 3:03 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a significant increase in its price, rising 5.03% in the last 24 hours to $6.73, and over 14% in the past week from $5.9. The coin's trading volume surged by 135% over the week, with its circulating supply also increasing by 0.47% to over 3.47 billion. Currently, TON's market cap ranks it 9th at $23.44 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:02 pm

ETHUSD

Ethereum (ETH) has seen a price increase of 3.26% in the last 24 hours, reaching $3,138.04, despite a 12.0% decrease over the past week from $3,644.82. The coin's all-time high is $4,878.26. Trading volume for Ethereum has risen by 32.0% over the past week, with the circulating supply now at 120.07 million, making its market cap $377.48 billion and ranking it #2.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:02 pm

PVH

Shares of PVH Corp (NYSE:PVH) saw an increase after a significant decline last month, following their quarterly earnings release. Wedbush analyst Tom Nikic upgraded PVH from Neutral to Outperform and raised the price target from $113 to $128, citing a buying opportunity due to overdone investor concerns. Nikic highlighted PVH's potential for margin expansion and cost-efficiency tailwinds, despite flat margin guidance for FY2024. He also noted encouraging trends in North American direct-to-consumer growth.

Portfolio Pulse from Priya Nigam

April 15, 2024 | 3:02 pm

LVS

Recent analyst ratings for Las Vegas Sands (NYSE:LVS) show a predominantly bullish outlook, with 5 analysts offering perspectives ranging from bullish to somewhat bullish over the past three months. The average 12-month price target for LVS has been raised to $63.2, indicating a 7.12% increase from the previous target of $59. The company's financials reveal strong performance, with significant revenue growth, high net margin, and robust returns on equity and assets. Las Vegas Sands, now focusing entirely on its Asian and Singapore operations after selling its Vegas assets, is recognized for its strong market position and financial health.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:01 pm