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CRM

Salesforce Inc (CRM) shares are trading lower following reports of talks to acquire Informatica. The potential acquisition price is reportedly below Informatica's current share price. Informatica has seen a 35% increase in share price since the start of the year, following its public re-listing in 2021 after being taken private in 2015. Salesforce's earnings growth and valuation metrics, such as a compressed price to earnings ratio compared to last year and its sector peers, are also highlighted.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 12:48 pm

SGML

Sigma Lithium Corporation (SGML) has begun loading its 8th shipment of 22,000 tonnes of high-purity lithium concentrate, achieving a premium fixed price of $1,333/t, equivalent to $1,160/t net of VAT. This price represents a significant increase over previous prices and is 8.75% of the LME Lithium Hydroxide CIF market price. 85% of the shipment's value has been prepaid, indicating strong market demand and confidence in Sigma Lithium's product. The company plans to continue optimizing its commercial strategy for future production.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:46 pm

LGVN

ONVO

Goldman Sachs (GS) shares rose after reporting Q1 earnings surpassing expectations. Longeveron (LGVN) surged as its Alzheimer's treatment trial will be featured at the 2024 AAIC. Organovo (ONVO) jumped on positive Phase 2 results for its liver treatment FXR314.

Portfolio Pulse from ryanfaloona@benzinga.com

April 15, 2024 | 12:44 pm

JPM

Goldman Sachs Group Inc. (GS) reported a Q1 2024 revenue of $14.21 billion, surpassing the $12.92 billion consensus, with a 28% profit increase to $4.13 billion. This growth was driven by a 32% increase in investment banking fees and strong performance in Global Banking & Markets, Asset & Wealth Management, and FICC. Unlike its peers JPMorgan Chase & Co (JPM) and Citigroup Inc (C), which also reported strong results, Goldman Sachs primarily relies on Wall Street activities, benefiting from market booms. GS shares rose 4.04% in premarket trading.

Portfolio Pulse from Vandana Singh

April 15, 2024 | 12:43 pm

USAU

U.S. Gold Corp. (USAU) has announced a registered direct offering and concurrent private placement of shares and warrants, aiming to raise approximately $4.9 million. The offering includes 1,400,000 shares at $3.50 each and warrants for an additional 1,400,000 shares at $4.48 each. The closing is expected around April 19, 2024, with common stock offered under a previously filed SEC registration statement.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:42 pm

UUP

Retail sales in March 2024 rose by 4% year-over-year and 0.7% month-over-month, surpassing expectations and indicating strong consumer spending despite inflation. Nonstore retailers and gas stations saw the largest increases, while sporting goods and clothing stores experienced declines. The S&P 500 futures rose 0.8% in premarket trading, and the Invesco DB USD Index Bullish Fund ETF (UUP) gained following the report, amidst rising Treasury yields.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 12:42 pm

CRMD

CorMedix has announced the U.S. inpatient commercial availability of DefenCath, marking a significant milestone for the company. This development could potentially boost CorMedix's market presence and financial performance by expanding the accessibility of DefenCath to a broader patient base in the inpatient setting.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:40 pm

CDNS

CHTR

CNC

CSCO

JPM

LMT

MASI

NTBL

PVH

VERU

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Centene Corporation, Veru Inc., JPMorgan Chase & Co., Notable Labs, Ltd., Charter Communications, Inc., PVH Corp., Cisco Systems, Inc., Masimo Corporation, Cadence Design Systems, Inc., and Lockheed Martin Corporation. These updates include both upgrades and downgrades, with specific changes to price targets and stock ratings.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 12:39 pm

AVDX

AvidXchange shares dropped following a downgrade by Goldman Sachs from Neutral to Sell, with a reduced price target from $13 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:38 pm

DJT

Trump Media & Technology Group Corp has filed with the SEC to allow selling securityholders to sell up to 146.1 million shares of common stock from time to time.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:38 pm