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SSRM

SSR Mining has suspended operations at the Çöpler mine due to a large slip on the heap leach pad, which occurred on the morning of February 13, 2024. This suspension could impact the company's production output and financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:51 pm

PYPL

PayPal's stock trades lower following a downgrade by Daiwa Capital from Outperform to Neutral, with a price target reduction from $64 to $62.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:48 pm

MAR

Marriott International, Inc. (MAR) shares declined following the announcement of mixed Q4 financial results and the provision of Q1 and FY24 adjusted EPS guidance that fell short of analyst expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:46 pm

ADIL

Adial Pharmaceuticals Inc (NASDAQ:ADIL) has been granted a new U.S. patent for its genetic diagnostic approach combined with its investigational drug AD04, aimed at treating alcohol and drug dependencies. This patent enhances the company's intellectual property for diagnosing and potentially treating alcohol use disorder (AUD) and opioid use disorder (OUD) through genetically targeted treatment. The company's CEO, Cary Claiborne, highlighted the significant market potential for AD04, estimated at $40 billion in the U.S., especially among patients with specific genotypes.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 1:45 pm

ROK

RXO

TGI

Insiders at Triumph Group, RXO, and Rockwell Automation have made significant stock purchases, indicating confidence in their companies despite recent financial results falling below expectations. These insider trades suggest potential growth opportunities for these stocks.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:44 pm

INTC

NVDA

SFTBY

TSM

Sam Altman, CEO of OpenAI, aims to revolutionize the semiconductor industry with a $7 trillion investment to build artificial general intelligence. This ambitious plan faces skepticism due to its scale and the current technological and resource limitations. Key industry players like Nvidia, Intel, and TSMC are investing in advanced chip manufacturing, essential for AI development. The global chip shortage and expertise deficit pose additional challenges. Altman's initiative aligns with broader efforts, such as the U.S. CHIPS Act, to enhance semiconductor capabilities and secure AI advancements.

Portfolio Pulse from Natan Ponieman

February 13, 2024 | 1:44 pm

CDNS

Cadence Design Systems, Inc. (NASDAQ:CDNS) exceeded Q4 expectations with adjusted earnings of $1.38 per share and sales of $1.07 billion. The company forecasts FY 2024 revenue between $4.55 billion and $4.61 billion, and non-GAAP net income per share between $5.87 and $5.97. Despite positive results, CDNS shares dropped 1.7% to $306.58. Analysts from Keybanc, Needham, and Rosenblatt adjusted their price targets post-results, with varying ratings.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 1:44 pm

ECL

Ecolab's stock price increased following the announcement of their Q4 financial results, which exceeded expectations. Additionally, the company provided Q1 adjusted EPS guidance that surpassed estimates.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:44 pm

HOOK

RHHBY

RPTX

Repare Therapeutics Inc (RPTX) announced the termination of its collaboration with Roche Holdings AG (RHHBY) for the development and commercialization of camonsertib (RP-3500), effective May 7, 2024. This decision follows a review of Roche's pipeline and external factors. Repare will regain global rights to camonsertib, which is part of the ongoing Phase 1 MYTHIC trial. Despite this, Repare has received a $40 million milestone payment from Roche and expects its funds to last into mid-2026. This is Roche's second termination within a month, having previously ended a pact with HOOKIPA Pharma Inc (HOOK) for the HB-700 program.

Portfolio Pulse from Vandana Singh

February 13, 2024 | 1:43 pm

TRIP

Tripadvisor's stock price increased following the announcement of forming a Special Committee by its board to evaluate proposals.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 1:42 pm