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TRSG

Tungray Technologies' IPO shares began trading at $6.58 per share, significantly higher than the IPO price of $4 per share on an offering of 1.25 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:22 pm

DOGEUSD

Dogecoin (DOGE) has rebounded to $0.15 with a 14% increase in daily active addresses, indicating a bullish sentiment among analysts and traders. Crypto analyst Javon Marks predicts a potential 315% increase to $0.6553, while trader Rafaela Rigo sees the price reaching $1 in this cycle.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 2:21 pm

JBHT

JB Hunt shares are trading higher as the stock rebounds from a decline following its recent Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:20 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen a bearish sentiment from options traders, with 63% of detected trades being bearish. The trading volume and open interest suggest a price target range of $1000 to $1800. Recent analyst ratings vary, with price targets ranging from $1500 to $1720, despite a slight decrease in AVGO's stock price to $1251.61. The company, a major player in the semiconductor and software industries, is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:18 pm

DKNG

Investors and traders have shown increased interest in DraftKings (NASDAQ:DKNG), with a notable uptick in options trading activity. Benzinga's options scanner revealed 8 significant trades, indicating a mixed sentiment with 62% bullish and 38% bearish positions. The trades suggest a target price range of $23.0 to $45.0 for DKNG. Analysts have recently issued ratings for DraftKings, with a consensus target price of $54.2, reflecting a positive outlook on the stock. DraftKings is currently live with online sports betting in 24 states and iGaming in seven, holding a strong market position.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:18 pm

DGIN

EDOG

WIT

Wipro Ltd (NYSE:WIT) reported Q4 results with gross revenue of $2.67 billion, surpassing the $2.65 billion consensus, and an EPS of 7 cents, aligning with expectations. Despite a 6.4% Y/Y decline in IT Services revenue, the company anticipates steady growth, projecting Q1 IT Services revenue between $2.617 billion and $2.670 billion. Wipro's stock rose 3.5% following the announcement, and it is also accessible through VanEck Digital India ETF (NYSE:DGIN) and ALPS Emerging Sector Dividend Dogs ETF (NYSE:EDOG).

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 2:17 pm

JNJ

KVUE

The WHO is set to issue a global alert about contaminated Johnson & Johnson children's cough syrup, with tainted batches found in Nigeria. The issue traces back to a batch from South Africa, now under Kenvue Inc's purview after a spin-off. Despite the recall in six African countries, no adverse effects have been reported. Investigations are ongoing, with a focus on raw material sources and potential counterfeits. JNJ shares slightly rose by 0.35%.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 2:17 pm

JBL

Jabil's CEO has been placed on paid leave pending an investigation related to corporate policies, causing Jabil shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:15 pm

PSTG

Pure Storage's stock (PSTG) trades lower following a downgrade by Raymond James from Strong Buy to Outperform, despite an increase in the price target from $52 to $63.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:14 pm

APO

PARA

RPV

RSPC

SONY

Paramount Global (NASDAQ:PARA) shares are rising after reports emerged that Sony Group Corporation (NYSE:SONY) and Apollo Global Management, Inc. (NYSE:APO) are considering a bid for the company. Despite Paramount's current exclusive negotiations with Skydance Media, the potential offer would involve purchasing all outstanding Paramount shares, aiming to privatize the company. Apollo previously made a $26 billion bid for Paramount and a separate $11 billion offer for its film studio. The joint bid with Sony would see Sony Pictures managing Paramount and its film library, while Apollo would take over CBS and local TV stations. PARA stock has dropped over 51% in the past year but saw a 9.9% increase to $12.04 recently. Investors can also gain exposure to PARA through Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and Invesco S&P 500 Pure Value ETF (NYSE:RPV).

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 2:10 pm