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Stock Prices

ETHUSD

Ethereum (ETHUSD) is trading lower due to a drop in the crypto market, influenced by mixed inflation data and bank earnings.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:00 pm

BEN

KKR

NYCB

RILY

Shares of companies in the financial services sector are down after mixed bank earnings were reported.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:58 pm

ARB

BEAM

RNDR

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 5:55 pm

ABNB

BKNG

HLT

MAR

MGM

WYNN

Shares of travel sector companies, including ABNB, BKNG, HLT, MAR, MGM, and WYNN, are trading lower due to market uncertainty, mixed inflation data, and bank earnings. Uncertainty about rate cuts may be affecting discretionary sectors.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:53 pm

MSFT

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Microsoft Corporation (NASDAQ:MSFT), raising the price target to $465 from $455, citing durable growth in gaming and potential in AI. Despite gaming's inherent volatility, Microsoft's position in the market, especially with Activision Blizzard's titles, supports above-market growth rates in gaming revenues. However, the FY25 Gaming revenue growth estimate was lowered to 10% from 13%, while the FY25 Windows revenue growth estimate was raised to 7%. MSFT shares dropped 1.59% to $420.98.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 5:51 pm

BLK

BlackRock Inc (NYSE:BLK) lost its appeal in a UK tax dispute related to its acquisition of Barclays Global Investors in 2009. The Court of Appeal upheld the decision to disallow tax deductions on interest from loans used in the acquisition, under the 'unallowable purpose rule'. Despite the setback, BlackRock, which has grown significantly since the acquisition, emphasized that all UK taxes, including those related to this matter, have been paid. The company is considering its next steps following the ruling.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 5:50 pm

LUNR

SPCE

Blue Origin, founded by Jeff Bezos, announced its 7th crewed flight, NS-25, with a six-person crew, marking a return to human spaceflight after setbacks. The crew includes notable figures such as Ed Dwight and entrepreneurs from various fields. This follows a period of inactivity due to issues in an uncrewed flight in September 2022. The announcement comes amid increased interest in space travel, with recent achievements by Intuitive Machines and plans by Virgin Galactic to focus on profitability.

Portfolio Pulse from Chris Katje

April 12, 2024 | 5:47 pm

SEDG

SolarEdge shares are trading lower, possibly due to concerns over Iran-Israel tensions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:46 pm

CRM

FEPI

MRAD

RBC Capital analyst Rishi Jaluria reiterated Salesforce Inc (CRM) with an Outperform rating and raised the price target from $325 to $350, citing enthusiasm for generative AI, significant growth in Data Cloud ARR, and impressive margin expansion. Salesforce's strategic focus on AI and Data Cloud is expected to drive long-term growth and margin gains, despite no immediate revenue from GenAI. The company's stock has seen a 55% increase over the last 12 months, and exposure to CRM can also be gained through FEPI and MRAD ETFs.

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 5:42 pm

ADBE

ADSK

CRWD

HUBS

NET

SHOP

Software stocks, including ADBE, ADSK, CRWD, HUBS, NET, and SHOP, are trading lower due to broader tech sector weakness, potentially linked to concerns over rate cuts following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:40 pm