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Stock Prices

SPCE

Wells Fargo analyst Matthew Akers has maintained an Underweight rating on Virgin Galactic Holdings (NYSE:SPCE) and reduced the price target from $1.75 to $1. This adjustment reflects a bearish outlook on the company's stock value.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:58 pm

AXNX

BSX

Axonics (AXNX) and Boston Scientific (BSX) shares are trading lower after receiving a request for additional information from the FTC regarding their merger agreement. The completion of the merger is now anticipated in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:57 pm

COPJ

COPP

COPX

FCX

FQVLF

ICOP

NGLOY

SCCO

TECK

USGDF

Copper prices have been rising, signaling optimism about the global economy, particularly with expectations of China's economic recovery. Supply disruptions and lower mine output have contributed to the price increase, with futures hitting an 11-month high. Companies like First Quantum Minerals, Anglo American, Teck Resources, and Southern Copper Corp. have reduced production outlooks. Analysts predict copper prices could reach $10,000 per metric ton by year-end, benefiting miners like Freeport-McMoRan Inc. and ETFs focused on copper mining.

Portfolio Pulse from Matt Whittaker

April 04, 2024 | 12:57 pm

IYG

XLF

Mastercard Inc (NYSE:MA) plans to increase its network assessment fee from 0.13% to 0.14%, effective April 15, adding an estimated $259.1 million in costs for retailers based on last year's transactions. This decision follows a $30 billion settlement with Visa Inc (NYSE:V) over swipe fees, intended to provide financial relief to retailers. Despite the settlement aimed at capping swipe fees to save retailers around $30 billion, many merchants plan to continue legal action against Visa and Mastercard for alleged collusion on credit card fees. Mastercard's stock has seen over a 31% increase in the last 12 months, and exposure to Mastercard can also be gained through IShares U.S. Financial Services ETF (NYSE:IYG) and SPDR Select Sector Fund – Financial (NYSE:XLF).

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 12:57 pm

TSLA

Tesla has started the production of right-hand drive vehicles at its German facility, targeting exports to India. The company plans to begin exporting electric vehicles (EVs) from Germany to India later this year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

EFTR

Trading for EFTR was halted and then resumed at 8:55:00 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

STKH

Trading for STKH was halted and then resumed at 8:55 AM ET, following an update on halt status, including news and resumption times.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

AXTI

AXT shares have experienced a significant drop, declining by 14% in premarket trading. This movement is attributed to traders circulating a short report by J Capital, which likely contains negative findings or predictions about AXT's financial health or business operations.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:53 pm

GXO

NDAQ

TMO

On CNBC's 'Halftime Report Final Trades,' analysts highlighted GXO Logistics, Thermo Fisher Scientific, and Nasdaq, Inc. GXO posted better-than-expected Q4 results and received an upgrade from Exane BNP Paribas. Thermo Fisher is expected to report a decrease in earnings and revenue for Q1 2024. Nasdaq is anticipated to post earnings of 65 cents per share for Q1, with Goldman Sachs upgrading it to Buy. Shares of GXO fell, while Thermo Fisher and Nasdaq saw gains.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 12:53 pm

ETSY

Etsy shares experienced an increase in trading volume and price following positive comments from Elliott Investment Management during the Sohn Conference on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:51 pm