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MSCI

MSCI Inc reported a 14.8% year-on-year revenue growth to $679.97 million, missing consensus estimates. Adjusted EPS was $3.52, above the consensus of $3.45. Despite upbeat earnings, shares fell 13.4% after the report. Deutsche Bank and Morgan Stanley adjusted their price targets on MSCI, with Deutsche Bank upgrading the stock to Buy.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 11:51 am

HOOK

HOOKIPA Pharma's shares surged following FDA clearance for its Investigational New Drug (IND) application for HB-700, a promising development for the company.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:51 am

ARKB

BITB

GBTC

IBIT

Bitcoin spot ETFs experienced a net inflow of $31.6M, led by BlackRock's iShares Bitcoin Trust (IBIT) and followed by Ark's ARKB and Bitwise's BITB, while Grayscale's GBTC saw a notable outflow. Hong Kong is preparing to launch its own Bitcoin and Ether ETFs, aiming to become a regulated hub for the digital asset industry. These developments indicate a growing integration of cryptocurrencies into mainstream finance.

Portfolio Pulse from Murtuza Merchant

April 24, 2024 | 11:50 am

SES

SES AI's stock is trading higher following the announcement of advancing to the next phase of its joint development agreement with Hyundai Motor and Kia for B sample development. This move signifies a deepening collaboration between SES AI and the automotive giants, potentially leading to significant advancements in their joint projects.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:49 am

IMMP

Immutep shares surged following the announcement of positive data from the evaluation of efti in combination with KEYTRUDA for treating recurrent/metastatic head and neck squamous cell carcinoma patients.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:49 am

BIIB

Biogen's shares have seen an increase following the company's announcement of a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:46 am

PRG

PROG Holdings has increased its FY24 adjusted EPS outlook from $2.70-$3.00 to $2.85-$3.10, surpassing the estimated $2.86. The company also raised its total revenue forecast from $2.235B-$2.335B to $2.285B-$2.36B, slightly above the estimated $2.324B.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:44 am

AMZN

CSGP

DHR

GM

MELI

MSCI

PINS

PLCE

SPOT

TSLA

Wall Street analysts updated their price targets and ratings for several US-listed companies, including Amazon, Spotify, General Motors, Pinterest, MercadoLibre, Danaher, MSCI, CoStar Group, Tesla, and The Children's Place. The changes reflect various factors including company performance and market conditions.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 11:44 am

UCBI

United Community Banks (UCBI) reported Q1 2024 adjusted EPS of $0.52, surpassing the $0.49 estimate, with sales of $238.736M also beating the $232.017M estimate. This represents a slight 1.22% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:44 am

META

NVDA

Meta Platforms Inc. (META) plans to purchase 350,000 Nvidia Corp. (NVDA) H100 GPUs by 2024, initially for Instagram Reels enhancement, not AI. Zuckerberg's revelation on a podcast highlighted the shift from Reels to AI as a strategic move. Meta's AI model, Llama 3, reportedly outperforms competitors, marking the investment as beneficial. The original intent was to make Instagram Reels competitive with TikTok, but the GPUs' application in AI development was a serendipitous outcome.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 11:42 am