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CASS

Cass Information Systems (CASS) reported Q1 earnings of $0.52 per share, missing the consensus estimate of $0.59 by 11.86%. Sales were $49.68M, also missing the estimate of $50.79M by 2.19%. Despite these misses, both earnings and sales showed slight increases from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:41 pm

ARCH

Citigroup analyst Alexander Hacking downgraded Arch Resources (NYSE:ARCH) from Buy to Neutral and reduced the price target from $185 to $170, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:40 pm

GOOG

GOOGL

IXP

XLC

Alphabet Inc's Google has initiated another round of job cuts, focusing on the real estate and finance departments as part of its ongoing cost-cutting measures. This move is in response to the economic uncertainties in the tech industry, aiming to streamline operations and align resources with key product initiatives. Despite the layoffs, Google continues to expand internationally and invest in AI, cloud, and hardware, which analysts believe could lead to a re-evaluation of Alphabet's shares. GOOG stock has seen a 49% increase over the last 12 months, with potential exposure through IXP and XLC ETFs.

Portfolio Pulse from Anusuya Lahiri

April 18, 2024 | 12:39 pm

UAL

Susquehanna analyst Christopher Stathoulopoulos has maintained a Positive rating on United Airlines Holdings (NASDAQ:UAL) and raised the price target from $55 to $60.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:36 pm

NRXP

NRx Pharmaceuticals, Inc. (NASDAQ:NRXP) has regained compliance with Nasdaq's bid price requirement, ensuring its continued listing. The company anticipates reaching four key milestones, including data releases from trials in Suicidal Bipolar Depression and Chronic Pain, an NDA filing for IV Ketamine, and a distribution of HOPE Therapeutics shares to shareholders. Recent advancements in ketamine formulations and potential treatments for UTI/pyelonephritis could significantly enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:36 pm

BNTC

BPTH

THCH

Bio-Path Holdings (BPTH) shares surged after announcing the completion of its second dose cohort in a Phase 1/1b clinical trial of BP1002 for treating acute myeloid leukemia. TH International (THCH) shares rose following a report of increased Q4 financial results year-over-year. Benitec Biopharma (BNTC) shares increased after announcing a $40 million oversubscribed private placement financing and positive interim clinical data for BB-301 in a Phase 1b/2a study.

Portfolio Pulse from ryanfaloona@benzinga.com

April 18, 2024 | 12:35 pm

RNXT

RenovoRx, identified by its ticker RNXT, has successfully regained compliance with Nasdaq's listing requirements. This development is crucial for the company's continued listing on the exchange and may positively influence investor confidence and the stock's market performance.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:35 pm

GBTC

IBIT

Bitcoin and Ethereum have rebounded above $62,000 and $3,000 respectively, despite $165M in ETF outflows and hawkish comments from Federal Reserve Chair Jerome Powell. Grayscale's Bitcoin Investment Trust (GBTC) saw a $133M outflow, while BlackRock's iShares Bitcoin Trust (IBIT) experienced a $18.09M inflow. Market analysts suggest potential for short-term consolidation and highlight alternative investment strategies amid the current market climate.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 12:33 pm

BJ

Loop Capital analyst Laura Champine downgraded BJ's Wholesale Club (NYSE:BJ) from Buy to Hold and reduced the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:33 pm

BMI

Badger Meter reported Q1 2024 earnings of $0.99 per share, surpassing the $0.83 estimate, marking a 50% increase from last year. Sales reached $196.280M, beating the $182.260M estimate, a 23.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:32 pm