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Stock Prices

ANET

Arista Networks' stock (ANET) trades lower following a downgrade from Buy to Sell by Rosenblatt.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:23 am

BLK

DIVL

FDFF

BlackRock, Inc. (NYSE:BLK) reported strong first-quarter FY24 results with an 11% revenue growth to $4.728 billion, surpassing consensus estimates. The company saw increases in investment advisory, administration fees, and technology services revenue, alongside a net inflow of $57 billion. Adjusted operating income and EPS also rose significantly. Total AUM reached $10.5 trillion. BLK announced a quarterly dividend of $5.10 and share repurchases worth $375 million. The company is focusing on growth in infrastructure, technology, and retirement solutions. BlackRock also issued $3 billion in debt for an acquisition and is considering selling a U.K. gas pipeline network. BLK shares rose 2.68% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 12, 2024 | 11:22 am

ANET

Rosenblatt analyst Mike Genovese downgraded Arista Networks (ANET) from Buy to Sell and set a new price target of $210.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:19 am

LI

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are trading lower following Ohio Senator Sherrod Brown's call for a ban on imports of China-made EVs to the US.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:16 am

PXMD

PaxMedica (PXMD) shares surged following the announcement of the successful completion of three pivotal registration/validation batches of PAX-101, signaling significant progress in the drug's development pathway.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:10 am

APLD

Applied Digital's stock trades lower following the announcement of disappointing Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:08 am

BLK

BlackRock's shares have seen an increase following the announcement of their first-quarter financial results, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:03 am

GLD

UNG

USO

On Thursday, U.S. stock markets ended mostly higher, with the Nasdaq and S&P 500 seeing gains, driven by tech momentum stocks amid cooling inflation signs. U.S. producer prices and initial jobless claims both came in below expectations. Despite a drop in stocks on Wednesday due to higher-than-expected CPI data, technology stocks led gains in the S&P 500. The Dow Jones slightly declined. Asian markets were mixed, with Japan's Nikkei 225 gaining, while markets in Australia, India, China, and Hong Kong fell. European markets and commodities, including gold, silver, and crude oil, traded higher.

Portfolio Pulse from Akanksha Bakshi

April 12, 2024 | 11:03 am

JPM

JP Morgan Chase shares are trading lower following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:03 am

PLTR

Jim Cramer, host of CNBC's 'Mad Money', has recommended buying shares of Palantir Technologies Inc. (NYSE:PLTR), citing the company's growth potential and recent $178 million contract with the U.S. Army. Palantir's stock closed at $22.84, reflecting a slight increase and showcasing a significant trading range over the past year. Additionally, Cathie Wood's Ark Invest has shifted funds from Coinbase to Palantir, further highlighting investor interest.

Portfolio Pulse from Benzinga Neuro

April 12, 2024 | 11:01 am