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Stock Prices

ULS

UL Solutions has set its IPO price at $34 per share for 3,213,875 shares, significantly above the initial pricing of $28 per share for 33.8 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:27 pm

GNS

Genius Group Ltd (NYSE:GNS) has launched Singapore Genius City, its first Sovereign AI Education Ecosystem, offering AI education and acceleration courses in Singapore's Central Business District and online through GeniusU. The initiative includes personalized AI Avatars and Assistants, with plans for an AI Summit and certification programs in September 2024. GNS shares rose by 0.85% to $0.4730.

Portfolio Pulse from Shivani Kumaresan

April 12, 2024 | 4:26 pm

FXI

SMH

SPY

The U.S. is facing resistance to imposing additional chip restrictions on China as the election approaches. According to Bloomberg, sources familiar with the discussions have reported pushback against further chip curbs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:26 pm

SPY

Fed's Goolsbee expressed concerns that if shelter inflation does not revert to pre-pandemic levels, achieving the inflation target will be challenging. This statement underscores the importance of housing costs in the broader inflationary landscape and the Fed's focus on managing these pressures to meet its goals.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:25 pm

AMZN

GOOG

IDGT

MRVL

MSFT

SPRX

Marvell Technology Inc (NASDAQ:MRVL) is poised for significant growth with its AI accelerators for Amazon, Google, and a potential deal with Microsoft, according to analysts. Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $95, highlighting Marvell's growth opportunities in custom computing, cloud optics, and more. Marvell aims for AI revenue to exceed $2.5 billion by fiscal 2026 and targets a 20% share of the Data Center TAM, expected to exceed $75 billion by 2028. The company announced major deals with Amazon and Google and is developing an AI accelerator for a potential deal with Microsoft, which could be larger than the Amazon and Google engagements combined. Rosenblatt analyst Hans Mosesmann also maintained a Buy rating with a $100 price target, noting Marvell's competitive roadmap in switching and interconnect markets. Marvell stock gained 80% in the last 12 months and can be accessed through ETFs like IDGT and SPRX.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 4:23 pm

SPY

Chicago Fed President Goolsbee highlighted the U.S. is navigating through 'cross currents' and emphasized the importance of the Federal Reserve bringing inflation back down to its target. This statement underscores the Fed's ongoing battle against inflation and its implications for monetary policy.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:21 pm

PSEC

Prospect Capital (NYSE:PSEC) has seen a decrease in short interest, with 21.98 million shares sold short, representing 7.22% of its float. This is a decline of 5.25% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to its peers, with an average short interest of 2.85% in its peer group.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

DT

Dynatrace's (NYSE:DT) short interest has decreased by 25.23% since the last report, with 3.97 million shares sold short, representing 1.63% of its float. This decline in short interest could indicate a more bullish sentiment towards DT among traders. Compared to its peers, DT has a lower short interest percentage of float, with an average of 6.06% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

ODFL

Old Dominion Freight Line (ODFL) has seen a 6.93% increase in its short percent of float since the last report, with 2.10 million shares sold short, representing 1.08% of all shares available for trading. This increase in short interest indicates a more bearish market sentiment towards ODFL, although it has less short interest compared to its peer group average of 4.65%. The article suggests that while an increase in short interest can signal bearish sentiment, it can also be bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:15 pm

JPM

JPMorgan Chase (NYSE:JPM) reported Q1 earnings of $4.44 per share, surpassing the analyst consensus of $3.82, and sales of $42.55 billion, exceeding estimates of $38.53 billion. This represents an 8.29% increase in earnings and an 8.17% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 4:15 pm