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Verizon Communications (NYSE:VZ) has seen a positive trend, gaining over 11.72% this year, partly due to its partnership with NASA for broadcasting the solar eclipse on April 8. This collaboration, along with others like with the U.S. Navy and Department of Veterans Affairs, has bolstered investor optimism. Technical analysis indicates a moderately bullish trend for VZ, with the stock trading above its simple and exponential moving averages, though caution is advised due to a nearing overbought condition.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 12:52 pm

AAPL

BTCUSD

ETHUSD

TSLA

The article covers a range of topics from cryptocurrency trends, including Bitcoin's surge as its halving approaches, to US and world politics, the US economy, tech innovations, electric vehicles, and more. Key highlights include Bitcoin, Ethereum, and Dogecoin's price movements, Ripple CEO's market prediction, and various political and economic developments in the US and globally. It also touches on tech updates like Apple's new initiatives and Tesla's focus on autonomy.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 12:49 pm

APA

DHI

HUBS

INTC

Wall Street's most accurate analysts have made new stock picks, with significant upside potential identified in companies like Intel, HubSpot, APA Corporation, D.R. Horton, and Worthington Steel. These picks come amidst a backdrop of the Dow Jones experiencing its worst weekly performance in 2024. Analysts from firms such as Canaccord Genuity, Roth MKM, Wedbush, Keybanc, and Truist Securities have maintained or adjusted their ratings on these stocks, citing various corporate developments and financial results.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:46 pm

AXTI

AXT has announced its preliminary revenue for Q1 2024, projecting between $22.4M and $22.7M, surpassing the estimated $20.964M. This indicates a positive performance against market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:46 pm

AUUD

LGVN

UCAR

Auddia Inc. (AUUD) shares surged 139% following the USPTO's award of U.S. Patent 11,935,520 for its AI technology in the faidr app, enabling ad-free AM/FM radio for subscribers. U Power (UCAR) shares rose 113% as it announced its battery-swapping model for electric vehicles is set for commercial rollout in Wuhu, China. Longeveron (LGVN) shares increased 119% after issuing a letter to shareholders outlining its corporate strategy and goals for 2024.

Portfolio Pulse from ryanfaloona@benzinga.com

April 08, 2024 | 12:44 pm

LGVN

Longeveron Inc. (NASDAQ:LGVN), a biotech firm, issued a shareholder letter from CEO Wa'el Hashad, marking his first year and outlining the company's strategy, clinical pipeline, and 2024 priorities. The letter emphasized the development of Lomecel-BTM, targeting Hypoplastic Left Heart Syndrome (HLHS) and Alzheimer's Disease, with significant advancements and designations from the FDA for HLHS. The company plans to focus on strategic collaborations, leveraging manufacturing capabilities, and efficient resource management. Longeveron highlighted the need for additional capital to continue operations beyond Q2 2024, mentioning a recent reverse stock split and SEC registration statement filing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:44 pm

AZZ

GAST

MGMT

AZZ Inc. (NYSE:AZZ) has raised its FY25 sales and profit forecasts due to strong performance in several end markets. The company now expects sales between $1.525 billion and $1.625 billion, and adjusted EPS between $4.50 and $5.00. Adjusted EBITDA forecast has also been increased to $310 million - $360 million. AZZ plans to further deleverage by $60 million - $90 million and has seen a credit rating upgrade by S&P Global. The company focuses on organic growth in its Metal Coatings and Precoat Metals segments. AZZ shares rose 1.82% in premarket trading. Exposure to AZZ stock can also be gained through Ballast Small/Mid Cap ETF (NYSE:MGMT) and Gabelli Automation ETF (NYSE:GAST).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 12:43 pm

MULN

Mullen Automotive, Inc. (MULN) announces significant cost reduction and consolidation measures expected to save approximately $170 million over the next 12 months. The company is focusing on the commercial EV segment, aiming to sell 100 units in April, as part of its strategy to align with current market conditions and drive near-term revenue. These actions include prioritizing commercial programs, integrating engineering centers, and expanding the dealer network, aiming for long-term growth and improved financial results.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:43 pm

BSET

EGLE

Insider purchases at Eagle Bulk Shipping, SentinelOne, and Bassett Furniture Industries signal confidence in these companies. Eagle Bulk Shipping's merger with Star Bulk was approved, SentinelOne received a positive analyst rating, and Bassett Furniture reported downbeat quarterly sales.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:41 pm

CAUD

Collective Audience (CAUD) shares are trading higher following the announcement of its acquisition of DSL Digital. This acquisition will enable Collective Audience to launch AI-powered AudienceServices, expanding its capabilities and offerings in the digital services sector.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 12:41 pm