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GCTS

GCT Semiconductor Holding, Inc. (NYSE:GCTS) shares surged in premarket trading after announcing a strategic collaboration with Aramco to enhance the 4G/5G ecosystem in Saudi Arabia. This partnership aims to develop customized chipsets and modules for LTE, 5G, and the NTN spectrum, supporting wireless device localization and IoT production. The company, which recently went public through a business combination with Concord Acquisition Corp III, sees this collaboration as a catalyst for product development and commercialization in the transition from 4G to 5G.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 12:53 pm

ACRE

AXR

GAM

Insiders have made notable purchases in shares of General American Investors Company (GAM), AMREP Corporation (AXR), and Ares Commercial Real Estate (ACRE), indicating their confidence in these companies. AMREP reported a significant decrease in earnings per share in its fiscal third quarter of 2024 compared to the previous year. Ares Commercial Real Estate received a downgrade from B of A Securities, with a lowered price target. General American Investors has seen an 8% stock increase year-to-date.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:53 pm

CADL

Candel Therapeutics' stock is trading higher following the announcement of positive interim data from a phase 2 clinical trial of CAN-2409 for treating non-metastatic pancreatic cancer.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:52 pm

LAES

SEALSQ Corp (NASDAQ:LAES) announces the launch of SEALCOIN, a Hybrid Payment & Utility Token, expected in Q4 2024. SEALCOIN aims to enable seamless data and currency exchanges across billions of internet-connected devices. The platform will introduce a Machine-to-Machine (M2M) Proof of Concept in mid-July 2024, showcasing its capabilities for Service vs Payment transactions. Following the platform's launch, SEALCOIN will be issued and proposed for listing on a digital exchange. This initiative marks a significant step in secured peer-to-peer transactions in both physical and digital realms.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:47 pm

BKNG

GDX

META

SCHW

On CNBC's 'Halftime Report Final Trades,' analysts highlighted their picks including VanEck Gold Miners ETF (GDX), Meta Platforms, Inc. (META), Booking Holdings Inc. (BKNG), and The Charles Schwab Corporation (SCHW). Meta shares reached a new all-time high after Jefferies maintained a Buy rating and raised its price target. Booking Holdings received a Buy rating from B. Riley Securities with a significant price target. Charles Schwab was upgraded by TD Cowen to Outperform with a set price target. Price actions for these stocks and ETF were also noted.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:46 pm

CAG

ConAgra Brands Inc (NYSE:CAG) reported better-than-expected Q3 financial results, with a 5.4% increase in stock price to close at $30.64. The company offers a 4.57% annual dividend yield, equating to $1.40 per year. To earn $500 monthly from dividends, an investment of approximately $131,323 is needed. ConAgra reaffirmed its FY24 outlook with an expected organic net sales decrease of 1-2% and adjusted EPS of $2.60-$2.65.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:42 pm

QQQ

UUP

The U.S. labor market saw significant growth in March, with 303,000 nonfarm payrolls added, surpassing expectations and marking the highest increase in 10 months. This robust job growth dampens hopes for Federal Reserve interest rate cuts. The unemployment rate dropped to 3.8%, and average hourly earnings growth aligned with predictions. The strong jobs report led to a rise in the U.S. dollar index and Treasury yields, while futures on U.S. major averages trended higher.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 12:38 pm

NUTX

Nutex Health's stock is trading lower following the announcement of a 1-for-15 reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 12:38 pm

RPM

RPM International Inc. (NYSE:RPM) reported a slight increase in Q3 FY24 sales and exceeded EPS expectations. The company anticipates flat sales and higher adjusted EBIT for Q4 FY24, with revenue and EBIT growth for FY24 expected to meet previous forecasts. Shares fell 5.8% following the announcement. Analysts from Baird and Mizuho adjusted their price targets on RPM, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 12:36 pm

IYF

IYG

JPM

JPMorgan Chase & Co. has reorganized its global banking division, appointing new leaders in key positions. Filippo Gori and Doug Petno will lead the merged commercial, corporate, and investment banking groups. Kevin Foley is named the global head of capital markets, and several other executives have been appointed to lead various banking sectors. The restructuring aims to streamline operations and enhance leadership within the bank's global banking unit. Investors can gain exposure to JPMorgan through IShares U.S. Financial Services ETF (IYG) and IShares U.S. Financial ETF (IYF). JPM shares saw a slight increase of 0.19% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 05, 2024 | 12:36 pm