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FEPI

FTXL

PSI

QCOM

SOXQ

Micron Technology, Inc. (MU) and Qualcomm Incorporated (QCOM) have partnered to integrate Micron's automotive-grade memory and storage solutions into Qualcomm's Snapdragon Digital Chassis for AI-powered intelligent vehicle development. This collaboration aims to enhance the performance and safety of next-generation vehicles. MU stock has seen a 93% increase over the past year, while QCOM stock has gained over 41%. Investors can also gain exposure to these stocks through ETFs like FEPI, FTXL, SOXQ, and PSI.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 12:38 pm

SOUN

SoundHound AI Inc (NASDAQ:SOUN) shares dropped after announcing a potential offering of up to $150 million of its common stock. The offering is part of an at-the-market equity program managed by several firms, including Citigroup and Barclays, with a 2.5% commission rate. The company does not pay dividends but engages in capital allocation programs.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 12:36 pm

OST

Ostin Technology Group Co., Ltd. (NASDAQ:OST), a leading supplier of display modules and polarizers, announced the commencement of operations of its US subsidiary, Pintura.Life LLC, in San Francisco. This move is part of its strategy to expand into the North American market with its Pintura products. The company launched a crowdfunding campaign on Indiegogo for Pintura, aiming to introduce it to a broader U.S. and North American audience. The San Francisco presence is seen as a strategic step to leverage local talent and market opportunities in North America.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:35 pm

FLGC

RCG

TGEN

Insiders at Tecogen, Flora Growth, and RENN Fund have recently made significant purchases of their companies' stocks, indicating potential confidence in their respective companies' futures. Tecogen's Director acquired shares at a low price following a reported net loss, while Flora Growth's CEO made a $1M purchase amid a new public offering. RENN Fund's CEO bought shares after a 6-month 8% decline in stock price.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:35 pm

DECK

FCFS

TSLA

TSM

Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock prices. Notable changes include a downgrade for Deckers Outdoor Corporation (DECK) and a price target cut for Tesla, Inc. (TSLA). Conversely, Taiwan Semiconductor Manufacturing Company Limited (TSM) and FirstCash Holdings, Inc. (FCFS) saw their price targets raised. Other companies like Coinbase Global, Inc. (COIN), Owens & Minor, Inc. (OMI), Model N, Inc. (MODN), EQT Corporation (EQT), Lennox International Inc. (LII), and Silicon Motion Technology Corporation (SIMO) also experienced adjustments in their price targets and ratings.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:35 pm

MRIN

MSFT

Marin Software Inc (NASDAQ:MRIN) shares surged after announcing upgrades to its Microsoft Corp (NASDAQ:MSFT) advertising integration. The enhancements include AI-powered budget optimization and improved conversion metrics, aiming to boost advertising campaign success. This follows a recent approval of a 1-for-6 reverse stock split by Marin stockholders.

Portfolio Pulse from Adam Eckert

April 10, 2024 | 12:34 pm

GLD

UUP

Inflation in the US rose to 3.5% in March 2024, exceeding expectations and dampening hopes for a Federal Reserve rate cut in June. The CPI increase was driven by a 6% monthly rise in gasoline prices, although core CPI inflation slightly eased. The report led to a spike in Treasury yields, a stronger US dollar as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), and a decline in gold prices as monitored through the SPDR Gold Trust (GLD). Futures on major US indices also traded lower.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 12:34 pm

EGY

SHEL

Three energy stocks, Shell plc (SHEL), VAALCO Energy, Inc. (EGY), and Permian Resources Corporation (PR), are considered overbought as of April 10, 2024, based on their RSI values. Shell's operational outlook reflects lower LNG trading results, VAALCO reported strong Q4 financials, and Permian Resources was initiated with a Strong Buy by Raymond James. These conditions suggest potential short-term volatility.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 12:34 pm

AXIL

AXIL Brands, Inc. (NYSE:AXIL) reported a Q3 EPS of $0.04, up from $0.01 YoY, with revenue increasing 14.4% to approximately $6.47M. Gross profit margin decreased to 71.5% from 74.6%, and operating expenses rose to 73.1% of net revenue. The company also reported a net income of $781,091. Key updates include a rebranding to AXIL Brands, Inc., uplisting to the NYSE American Stock Exchange, and a significant repurchase of Series A preferred shares, reducing outstanding shares by approximately 55% on a fully diluted basis.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:34 pm

ADIL

Adial Pharmaceuticals' stock is trading higher following the announcement of a peer-reviewed article publication. The article emphasizes the clinical results, strong safety profile, and high compliance of patients treated with AD04.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:30 pm