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AUUD

DATS

MSTR

WTO

In Monday's pre-market session, several Information Technology stocks showed significant movement. UTime, Auddia, and Semantix were among the top gainers, with UTime leading at a 135.8% increase. MicroStrategy and Argo Blockchain also saw notable rises. On the downside, DatChat, Bit Origin, and CCSC Technology experienced declines, with DatChat leading the losses. Movano and Ondas Holdings also saw decreases, while ChipMOS TECHNOLOGIES dropped by 5.07%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:09 pm

EFSH

1847 Holdings LLC (NYSE:EFSH) announced its intention to acquire a Las Vegas-based commercial cabinet, door, and millwork manufacturer for $16.75M, with the target company reporting $28.6M in revenues and $5.2M in EBITDA for 2023. The acquisition, expected to close in Q3 2024, will be financed entirely through debt. CEO Ellery Roberts highlighted the acquisition's strategic fit, emphasizing separate value creation paths for 1847's existing residential cabinet operations and the new commercial focus of the acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:09 pm

AAPL

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is significantly expanding its U.S. investment to over $65 billion, supported by a $6.6 billion federal grant, to produce advanced 2-nanometer chips. This includes building a third chip manufacturing facility in Phoenix, Arizona, by 2030, marking the largest foreign direct investment in U.S. history for a greenfield project. TSMC also aims for 60% local procurement for its first chip manufacturing facility in Japan by 2030. Despite a severe earthquake in Taiwan, TSMC maintains its annual revenue growth forecast. TSMC stock has gained 59% in the last 12 months, and investors can also gain exposure through VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 12:06 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) is set to release its Q3 earnings before the market opens on April 10, 2024. Analysts predict a quarterly loss of 7 cents per share with revenue expected at $51.92 million. The company's shares dropped 8.9% to $2.98 following the announcement of a definitive purchase agreement with Marathon Digital for the acquisition of its Bitcoin mining data center. Analysts from B. Riley Securities, Needham, Lake Street, and Craig-Hallum have provided varied ratings and price targets for APLD.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:03 pm

ADI

AVGO

SNPS

Recent insider sales were reported for Dollar General, Broadcom, Analog Devices, and Synopsys, with significant transactions from high-level executives. These sales come amidst various analyst actions, including price target adjustments and ratings. Insider sales can indicate various strategic decisions but are not the sole factor for investment decisions.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:02 pm

MODN

Model N (NYSE:MODN), a leader in revenue optimization and compliance for various industries, is set to be acquired by Vista Equity Partners for $1.25 billion. The acquisition price of $30.00 per share represents a significant premium over Model N's recent average share prices.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:02 pm

CRWD

Analyst ratings for CrowdStrike Holdings (NASDAQ:CRWD) show a mix of bullish and bearish perspectives with a recent positive shift in the 12-month price target to $382.56, up 18.47% from $322.91. The company's financial performance includes a revenue growth rate of 32.63% as of January 31, 2024, but it faces challenges with below-industry averages in net margin, ROE, and ROA. CrowdStrike's market capitalization is below industry benchmarks, indicating a reduced size compared to peers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:01 pm

SMFL

Smart for Life, Inc (NASDAQ:SMFL) announced its acquisition of Purely Optimal Nutrition, aiming to accelerate revenue growth and expand margins. Purely Optimal, an eCommerce nutraceuticals company, has generated over $8 million in revenue and $1 million in Adjusted EBITDA over the past twelve months. The acquisition, expected to close within eight weeks, is subject to financing and customary closing conditions. Following the news, SMFL shares rose by 10.70% to $0.55 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 12:00 pm

CRVO

DIS

HBAN

PLOW

PRGO

RIG

SEE

SMPL

SWAV

Wall Street analysts have updated their price targets and ratings for several companies, including notable changes for CervoMed, Transocean, Sealed Air, Perrigo, Simply Good Foods, Shockwave Medical, Disney, BJ's Wholesale, Douglas Dynamics, and Huntington Bancshares. These adjustments reflect analysts' latest views on these stocks, with various upgrades, downgrades, and price target changes.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:00 pm

AMLX

Amylyx Pharma (NASDAQ:AMLX) has been the subject of diverse analyst ratings over the past three months, with a total of 6 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target for AMLX has significantly declined to $10.67 from a previous average of $31.67, indicating a 66.31% decrease. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting responses to market dynamics and company performance. Amylyx Pharma, a clinical-stage pharmaceutical company, has shown remarkable revenue growth of 395.54% as of December 31, 2023, but trails behind industry peers in the Health Care sector. The company's financial performance is highlighted by its net margin of 4.36%, ROE of 1.11%, ROA of 0.96%, and a low debt-to-equity ratio of 0.01.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 12:00 pm