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AMZN

GOOGL

META

MSFT

PLTR

Wedbush Securities analyst Daniel Ives predicts a 15% rise in 2024 for tech stocks including Microsoft, Alphabet, Amazon, Palantir, and Meta, viewing the recent sell-off as a buying opportunity. He attributes the downturn to factors like CPI concerns and geopolitical tensions but expects robust tech earnings to drive growth. Additionally, cybersecurity firms Zscaler, CrowdStrike, Palo Alto Networks, CyberArk, Check Point, and Tenable are highlighted as potential standouts.

Portfolio Pulse from Surbhi Jain

April 15, 2024 | 3:51 pm

BNO

USO

Oil prices are trading lower despite the recent attack by Iran on Israel, reversing gains from last week that were fueled by anticipation of tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:50 pm

EQIX

PRU

Equinix Inc (NASDAQ:EQIX) and PGIM Real Estate, part of Prudential Financial, Inc.'s (NYSE:PRU) asset management business, have formed a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. This facility, SV12x, will offer over 28 MW of power capacity and marks the second joint venture between the two entities. The venture aims to expand the global xScale data center portfolio to over $8 billion and 725 MW of power capacity. PGIM Real Estate will hold an 80% equity interest, with Equinix owning the remaining 20%. EQIX shares dropped 1.71% to $751.00.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 3:35 pm

USAU

U.S. Gold Corp. (USAU) shares have declined following the announcement of a $4.9 million registered direct offering. This move typically dilutes existing shareholders' equity, leading to a negative reaction in the stock market.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:34 pm

Agilent Technologies (NYSE:A) has delivered an average annual return of 13.59% over the past 10 years, outperforming the market by 3.06% annually. With a current market cap of $41.24 billion, a $100 investment in Agilent Technologies a decade ago would be worth $359.36 today.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:30 pm

Over the past 15 years, Micron Technology (NASDAQ:MU) has produced an average annual return of 24.36%, outperforming the market by 11.66% on an annualized basis. With a current market capitalization of $136.85 billion, an initial investment of $1000 in MU stock 15 years ago would be worth $26,930.28 today.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:30 pm

FBTC

GBTC

IBIT

Spot Bitcoin ETFs experienced $83M in net outflows as Bitcoin's price dropped 8% last week, contrasting with the previous week's $485M inflows. Grayscale Bitcoin Trust ETF (GBTC) saw $767M exit, while BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) attracted $487M and $90M, respectively. This marks the third time for net outflows since the January launch of spot Bitcoin ETFs, amidst investor caution and profit-taking.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:30 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 3% increase in price alongside a 7,351% surge in daily transactions over four days, attributed to community developments and a decentralized building initiative by Ryoshi Network. The initiative aims to make SHIB a gas for a community-driven L2 ecosystem, enhancing DeFi utilities access. Shiba Inu's sponsorship of the Web3 Summit Dubai and strategic investment policies by its marketing lead, Lucie, further bolster its position. Additionally, a significant token inflow to large holders and a notable token burn have contributed to positive market sentiment.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:28 pm

EZU

GLD

SPY

USO

VIX

Following Iran's drone and missile attack on Israel, market sentiment shifted from war fears to calm, with President Biden urging Israel to avoid retaliation. The CBOE Volatility Index dropped, indicating reduced market anxiety. Equities rallied, with SPY and EZU experiencing gains. Oil and gold prices fell, reflecting diminished concerns over Middle East tensions. Analysts suggest the market's reaction is due to no significant casualties and a reduced likelihood of escalation. However, potential Israeli retaliation could impact energy markets, with oil prices potentially surging if the Strait of Hormuz is disrupted.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 3:28 pm

PEV

Phoenix Motor shares are trading higher following the company's issuance of Q1 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:25 pm