Streetbeat News

Stock Prices

GOOG

GOOGL

MBGAF

MBGYY

MSFT

At the Google Cloud Next conference, Alphabet (GOOG/GOOGL) announced its focus on generative AI to revolutionize business operations, directly competing with Microsoft (MSFT) and OpenAI. Google introduced AI-powered tools for B2B enterprises, including Google Vids for video creation, Imagen 2 for video clips from text, and Code Assist for coding assistance. Additionally, Google Cloud is expanding its partnership with Mercedes-Benz (MBGAF/MBGYY) to enhance customer experiences with AI technologies. This marks a significant step in Google's AI strategy, positioning it as a key player in the AI race against Microsoft.

Portfolio Pulse from Upwallstreet

April 11, 2024 | 10:13 am

DAL

FAST

KMX

STZ

The CNN Money Fear and Greed index indicated a neutral market sentiment following the release of U.S. inflation data for March, showing a rise to 3.5% from February's 3.2%. U.S. stocks, including the Dow Jones, S&P 500, and Nasdaq, closed lower. Delta Air Lines reported better-than-expected Q1 earnings, while most sectors in the S&P 500 saw declines, except for energy stocks. Investors are looking forward to earnings results from CarMax, Constellation Brands, and Fastenal.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 10:11 am

CONN

Conn's anticipates a challenging macro-environment for FY25 but expects year-over-year improvements in retail sales and profitability, attributed to the Badcock transaction and ongoing strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:04 am

HOFT

Hooker Furnishings (NASDAQ:HOFT) reported Q4 earnings of $0.06 per share, missing the $0.10 estimate, and sales of $96.78M, below the $99.69M estimate. This represents a 103.75% increase in earnings and a 26.25% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:03 am

BCLI

BrainStorm Cell Therapeutics Inc. (BCLI) has regained compliance with NASDAQ's minimum market value requirement, ensuring its continued listing on the stock market. This follows a notification from NASDAQ confirming the company meets the necessary market value criteria.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 10:02 am

AMZN

GOOGL

Amazon Web Services, a subsidiary of Amazon.com Inc (NASDAQ:AMZN), has been ordered by an Illinois federal jury to pay $525 million to Kove for patent infringement in data-storage technology. The jury found AWS guilty of violating three of Kove's patents. Amazon plans to appeal the verdict. Kove, which initiated the lawsuit in 2018, claims to be a pioneer in cloud storage technology and has also filed a similar lawsuit against Alphabet Inc (NASDAQ:GOOGL).

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 9:47 am

DJT

Mary Trump criticizes her uncle Donald Trump's media company, Trump Media & Technology Group Corp. (NASDAQ:DJT), for its stock performance and potential securities fraud. She also highlights concerns over Jared Kushner's investments from authoritarian governments, emphasizing the need for accountability and investigation into his dealings.

Portfolio Pulse from Shanthi Rexaline

April 11, 2024 | 9:07 am

YSG

Yatsen Holding Limited (YSG), a leading China-based beauty group, announced it has regained compliance with the NYSE's minimum share price continued listing criterion, according to a letter from the NYSE dated April 10, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 9:07 am

MOR

NVS

Novartis has initiated a voluntary public takeover offer for all outstanding shares of MorphoSys at €68.00 per share, representing a 142% premium over the volume-weighted average price of the last three months. The offer is made through Novartis's subsidiary, Novartis BidCo AG.

Portfolio Pulse from Charles Gross

April 11, 2024 | 8:52 am

SCPPF

Citi has identified S4 Capital (OTC:SCPPF) as a high-risk, high-reward investment, predicting a 280% surge in its stock price. Despite a 25% drop in core earnings in 2023 and a 60% decline over the past 12 months, shares have recently rebounded by nearly 15%. Citi's optimism is based on the potential for a business rebound as the tech sector stabilizes and project-based work increases. This comes amid mixed market forecasts, with some analysts warning of potential corrections while others see continued bull market conditions.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 8:43 am