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SNOW

Snowflake shares are trading higher following Microsoft's report of strong growth in its Azure cloud services, indicating a positive market response to the cloud computing sector's performance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:54 pm

MDB

MSFT

MongoDB shares are trading higher following Microsoft's report of strong growth in its Azure cloud services, indicating a positive market response to the tech sector's performance, particularly in cloud computing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:53 pm

APP

Applovin shares are trading higher, potentially due to strong earnings reported by Snap, suggesting a positive market response to the tech and social media sector's performance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:50 pm

KNSL

Kinsale Capital Group's shares are trading lower despite the company reporting better-than-expected results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:47 pm

AMZN

DIS

GOOGL

WBD

Amazon, YouTube, and NBCUniversal are competing for NBA streaming rights, while Disney and Warner Bros. Discovery negotiate for TV rights with expected payment increases post-2024. The NBA seeks to expand global viewership and increase rights fees. Warner Discovery was downgraded by Wolfe Research due to the potential cost of a new NBA deal. Amazon's stock rose by 2.87%.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 3:36 pm

MFI

Trading of MF International (MFI) shares was temporarily halted due to the triggering of a circuit breaker, designed to prevent extreme volatility in the stock market.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:34 pm

BTCUSD

Veteran cryptocurrency influencer Lark Davis suggests Bitcoin's current consolidation phase is a precursor to significant growth, citing growing institutional interest and the upcoming launch of Bitcoin ETFs in Hong Kong. Morgan Stanley's decision to allow brokers to recommend Bitcoin ETFs to clients is highlighted as a key factor that could bring substantial institutional capital into the crypto market. Despite a bearish short-term market sentiment, Davis points to the resilience and confidence in Bitcoin's future, supported by data showing most holders remain in profit.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:33 pm

URI

Stifel analyst Stanley Elliott maintains a Buy rating on United Rentals (NYSE:URI) and raises the price target from $720 to $750, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:32 pm

VINC

Vincerx Pharma Inc (NASDAQ:VINC) shares fell by 9.7% to $0.81 after announcing a public offering priced at $0.75 per share and accompanying warrant, aiming to raise approximately $16.5 million. The offering includes 6 million shares of common stock and pre-funded warrants for up to 16 million shares, with Leerink Partners as the sole bookrunning manager. The offering is expected to close around April 30. Year to date, VINC shares have lost 38.13%, outperforming its historical average annual return of -62.46%.

Portfolio Pulse from Henry Khederian

April 26, 2024 | 3:31 pm

LRCX

Lam Research (NASDAQ:LRCX) has significantly outperformed the market with an average annual return of 34.83% over the past 5 years, turning a $1000 investment into $4,483.72 today. The company's market capitalization stands at $120.82 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm