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PLUG

Susquehanna analyst Biju Perincheril has maintained a Neutral rating on Plug Power (NASDAQ:PLUG) but has lowered the price target from $4.5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:31 pm

MFG

MUFG

SMFG

Japanese bank stocks are up following the Bank of Japan's announcement that the country is nearing its 2% inflation target, suggesting a potential shift away from ultra-loose monetary policy.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:23 pm

PLUG

Plug Power shares are trading lower due to profit-taking following a 30% rally the previous day. Additionally, BMO Capital downgraded Plug Power from Market Perform to Underperform and reduced the price target from $3.5 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:21 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

TSM

The 'Magnificent Seven' tech stocks, including Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA), are leading a stock market surge, outperforming the S&P 500 with a 4.4% return this month. Investors have injected $4 billion into tech funds recently, the largest inflow since August. In 2023, these stocks doubled in value, adding $5.1 trillion to their market cap. Nvidia, in particular, is highlighted for its role in the AI-driven rally, with analysts bullish on its prospects in various tech markets. Taiwan Semiconductor (TSM) expects a 20% revenue growth, benefiting semiconductor companies like Nvidia. Despite not reaching last January's performance levels, analysts project an 8.6% average return for these stocks over the next 12 months.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:15 pm

Ford Motor Company (NYSE:F) is recalling 2.24 million Explorer SUVs globally due to issues with trim retention clips, with 1.89 million affected in the U.S. The recall covers model years 2011-2019, and dealers will inspect and potentially replace the A-pillar trim. No crashes or injuries have been reported. Ford expects a 5% impact on the vehicle population and has been aware of the issue since a 2018 NHTSA inquiry. Ford's stock dipped 2.4% to $11.09.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 7:12 pm

EVAX

MRK

Evaxion Biotech A/S (NASDAQ:EVAX) stock is trading higher due to the company's announcement of an expanded commitment to developing cancer vaccines targeting Endogenous Retroviruses (ERVs) using AI-Immunology. ERVs, which are overexpressed in cancer cells, present a new treatment opportunity that could extend to patients unresponsive to conventional immunotherapy. Evaxion is initiating preclinical activities aiming for Proof-of-Concept data by H2 2024. The stock's volume surged to 1.95 million compared to its 100-day average of 33.377K. In December, Evaxion closed a $5.3 million private placement with Merck & Co Inc's (NYSE:MRK) venture capital arm being a significant investor. Merck reported an 11.4% stake in Evaxion as of December 21, 2023. EVAX shares have risen 97% to $9.29.

Portfolio Pulse from Vandana Singh

January 24, 2024 | 7:08 pm

MSFT

Citi analyst Tyler Radke has reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $470, citing strong growth in Azure and AI. Radke's fieldwork suggests a solid fiscal second quarter, with high quota achievement levels from resellers. He expects Microsoft to outperform consensus estimates with projected Q2 revenue of $61.597 billion and EPS of $2.80. Microsoft's dividend yield is 0.9% as of Jan. 24, 2024. MSFT shares were up 1.07% at $403.16.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:07 pm

MKRUSD

Maker's cryptocurrency (MKR) has seen a significant price increase of 9.54% in the last 24 hours, reaching $2,063.89. Over the past week, MKR has gained 5.0%, with the trading volume rising by 32.0%. The circulating supply slightly decreased, while the market cap ranks at #46, valued at $1.90 billion. The volatility of MKR is depicted through Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:03 pm

IMXUSD

Immutable's cryptocurrency, IMX, has seen a 3.53% increase in price over the last 24 hours to $1.84, despite a 10% decrease over the past week from $2.05. The coin's all-time high is $9.52. Trading volume has decreased by 54% over the past week, while the circulating supply has increased by 0.8% to 1.33 billion, which is 66.51% of the max supply. IMX's market cap is currently ranked #38 at $2.45 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

HBAR-USD

Hedera (CRYPTO: HBAR) has seen a 4.3% price increase in the last 24 hours, reaching $0.07, despite a 10% decline over the past week from $0.08. The coin's all-time high is $0.57. Trading volume has decreased by 22% over the past week, while the circulating supply increased by 0.38% to 33.66 billion, approximately 67.33% of the max supply. Hedera's market cap is currently ranked #39 at $2.41 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm