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TSLA

Vinod Khosla, supported by Elon Musk and Nvidia's Jim Fan, predicts a future where robots take over undesirable jobs, with Musk's Tesla planning to ship its Optimus humanoid robot units this year. Musk sees Optimus as potentially the most valuable product ever.

Portfolio Pulse from Anan Ashraf

April 17, 2024 | 1:09 pm

BA

RYAAY

Ryanair Holdings plc (NASDAQ:RYAAY) shares are up in premarket trading as the company expects Boeing Co (NYSE:BA) to deliver 40 new jets by mid-July, according to CEO Michael O’Leary. This delivery schedule aligns with previous adjustments following delays. Ryanair had initially expected 57 Boeing MAX 8200 planes by the end of April but revised this number to 40 due to complications at Boeing. Despite these adjustments, Ryanair plans to resume flights to Tel Aviv on June 3, with ongoing vigilance regarding safety concerns.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 1:07 pm

PWSC

Spruce Point Capital Management issued a strong sell opinion on PowerSchool Holdings (PWSC), citing potential violations of student data privacy laws, concerns over revenue quality, opaque financial reporting, and aggressive accounting practices. They predict a 30% to 60% downside risk to PWSC's share price due to these issues, compounded by the end of surplus COVID-19 stimulus spending and questionable management and board actions.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:07 pm

APP

CVS

FCX

XME

Joshua Brown highlighted AppLovin (APP) as the top-performing large-cap stock of the year, with its price target raised by Morgan Stanley. Stephanie Link recommended Freeport-McMoRan (FCX) due to China's recovery, supported by upgrades from BofA Securities and Scotiabank. Freeport-McMoRan is a major holding in the SPDR S&P Metals & Mining ETF (XME). Jim Lebenthal named CVS Health (CVS) ahead of its earnings report, with analysts expecting a decrease in earnings per share but an increase in revenue.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 1:06 pm

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STLA

TSLA

TTWO

A Boeing whistleblower has called for the global grounding of 787 Dreamliners due to fears of 'premature failure'. Meanwhile, Bitcoin's value is said to hinge on a key support level, with analysts suggesting that the current crypto cycle is far from over. In the US, investor optimism decreases, but Wall Street experts remain bullish, dismissing rate cut fears and Middle East tensions. Tesla's focus on autonomous driving and strong sales strategy is highlighted, alongside Take-Two Interactive's workforce reduction and Stellantis CEO's warning of a challenging year. Cathie Wood's Ark Invest continues to show confidence in Tesla, buying $3.3M worth of shares.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 1:05 pm

VNDA

Vanda Pharmaceuticals Inc. (VNDA) has rejected multiple unsolicited takeover proposals from Future Pak, LLC, stating that the offers significantly undervalue the company. The most recent offer was between $7.25 and $7.75 per share. Vanda's Board, after consulting with financial and legal advisors, concluded these offers do not align with the company's best interests, citing its strong clinical pipeline, commercial presence, cash balance, and growth prospects. The Board views these proposals as opportunistic, offering minimal premium over Vanda's cash balance and not adequately valuing its revenue stream and pipeline.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:05 pm

AVGO

Barclays analyst Tom O'Malley has maintained an Overweight rating on Broadcom (NASDAQ:AVGO) and increased the price target from $1405 to $1500.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:03 pm

AMZN

Amazon.com (NASDAQ:AMZN) received mixed analyst ratings in the last quarter with a total of 26 evaluations, showing a shift towards bullish sentiment. The recent assessments indicate an average 12-month price target of $210.31, marking an 11.33% increase from the previous target. Analysts from firms like Truist Securities, Roth MKM, and Stifel have adjusted their price targets and ratings, reflecting optimism about Amazon's market position and financial performance. Amazon's revenue growth, net margin, and ROE have outperformed industry averages, supporting a positive outlook.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 1:00 pm

EFSH

1847 Holdings (AMEX:EFSH) reported a significant increase in Q4 sales, reaching $15.10 million, up 59.08% from $9.49 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:00 pm

SBFMW

Trading halt status was updated at 9:00:00 AM ET, including details on quotation resumption, news, and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 1:00 pm