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HCP

IBM

IBM announced a definitive agreement to acquire HashiCorp, Inc. (HCP) for $35 per share, valuing the company at $6.4 billion. This acquisition aims to enhance IBM's hybrid and multi-cloud offerings, addressing a $1.1 trillion total cloud opportunity. HCP shares rose in premarket trading, while IBM shares fell. The deal, approved by both boards, is expected to close by the end of 2024 and is subject to HashiCorp shareholder approval.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 10:21 am

TJX

TJX Companies' stock price increased following an upgrade by Goldman Sachs from Neutral to Buy, with a raised price target from $100 to $110.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:21 am

ALGN

Align Technology's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:17 am

META

Meta Platforms' shares declined following the announcement of Q1 financial results and a rise in its capex and expense forecasts for 2024.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:17 am

BC

Brunswick Corporation (NYSE:BC) reported Q1 earnings of $1.35 per share, matching analyst expectations but marking a 47.47% decrease from last year's $2.57 per share. Quarterly sales were $1.36 billion, also in line with forecasts, yet representing a 21.71% decline from the previous year's $1.74 billion.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:16 am

AMZN

Amazon Inc. (NASDAQ:AMZN) has announced it will pause new U.S. Green Card sponsorships for foreign workers through 2024, extending an initial halt started in 2023. This decision comes amid layoffs and a focus on cost-cutting and investment in artificial intelligence. The PERM process, essential for Green Card applications, has become more complex due to the need to prove laid-off employees cannot fill positions intended for foreign workers.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 10:16 am

NOW

ServiceNow shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:16 am

PINS

SNAP

Shares of social media companies, including Pinterest (PINS) and Snap Inc. (SNAP), are trading lower due to negative market reaction to Meta Platforms' Q1 results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:16 am

IBM

IBM shares are trading lower following mixed Q1 financial results and the announcement of its acquisition of HashiCorp.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:15 am

CMG

Chipotle Mexican Grill's stock is trading higher following the announcement of their Q1 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 10:15 am