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SE

Loop Capital analyst Rob Sanderson upgrades Sea (NYSE:SE) from Hold to Buy and raises the price target from $59 to $92.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:25 pm

STLD

Steel Dynamics' stock is trading higher after the company reported a first-quarter earnings per share (EPS) that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

MRNA

Moderna's stock price increased following the announcement of a collaboration with OpenAI to advance mRNA medicine. This partnership aims to leverage OpenAI's capabilities to enhance Moderna's research in mRNA technology, potentially leading to significant advancements in medicine.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:22 pm

BA

SPR

Boeing Co reported a decline in Q1 fiscal 2024 revenue by 8% year-over-year to $16.569 billion, surpassing consensus estimates. The decrease was attributed to lower commercial deliveries and considerations for the grounding of the 737-9. Adjusted loss per share improved to $(1.13) from $(1.27) year-over-year, beating consensus estimates of $(1.76). The company emphasized a commitment to enhancing quality and safety, with a reduction in 737 production to improve quality management. Defense, Space & Security and Global Services segments saw revenue increases. Boeing also made a $425 million advance payment to Spirit Aerosystems Holdings, Inc. (SPR) amid FAA restrictions. Boeing's shares rose 4.01% in premarket trading.

Portfolio Pulse from Akanksha Bakshi

April 24, 2024 | 1:22 pm

ODFL

Old Dominion Freight Line's stock trades lower due to a Q1 revenue miss.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:20 pm

TSLA

Huawei, a Chinese tech giant and competitor to Apple Inc, has launched a new software brand for intelligent driving named 'Qiankun.' This software aims to revolutionize the electric vehicle (EV) industry by providing self-driving systems. Huawei's Intelligent Automotive Solution (IAS) business unit CEO, Jin Yuzhi, announced the software ahead of the Beijing auto show, with plans for mass commercialization by 2024. Huawei also plans to install 100,000 EV charging stations in China by 2024, directly competing with Tesla. Despite potential U.S. sanctions on Chinese semiconductor firms associated with Huawei, the company has begun mass deliveries of the Luxeed S7 electric sedan in collaboration with Chery Auto. Tesla, on the other hand, is preparing to launch its Full Self-Driving feature in China and has recently reduced the price of its FSD package.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 1:19 pm

BA

On CNBC, Boeing's CEO expressed confidence that regulators will approve their plans, indicating a positive outlook for the company's future operations and compliance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:19 pm

SNPX

Synaptogenix, Inc. (NASDAQ:SNPX) has regained compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Capital Market. This follows a 1-for-25 reverse stock split conducted on April 4, 2024, aimed at increasing the stock's trading price above the $1.00 threshold. The company had previously been notified of non-compliance due to its stock price falling below $1.00 for 30 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:17 pm

TSLA

Tesla (TSLA) presents a favorable risk-reward for long-term investors, trading over 60% below its all-time highs. Despite expected slower vehicle volume growth in 2024 due to new product launches, Tesla's energy storage and generation business is anticipated to grow faster. The company is making progress with its Optimus robot and Full Self-Driving technology, and the ramp-up of Cybertruck production to 1,000 units per week showcases growing manufacturing capabilities. A technical analysis suggests the $135 to $150 range as a good entry point for investors, with potential for significant gains.

Portfolio Pulse from Ripster

April 24, 2024 | 1:17 pm

BSBK

Bogota Financial Corp. (BSBK), the holding company for Bogota Savings Bank, has received regulatory approval to repurchase up to 237,090 shares of its common stock, approximately 5% of its outstanding shares. This marks the company's fifth stock repurchase program, with no set expiration date. The repurchase may occur in open market or private transactions, and the exact number of shares to be repurchased is not guaranteed, depending on market conditions and the company's financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:17 pm