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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

CPNG

Coupang Inc (NYSE:CPNG) has shown significant growth with a 21.92% increase in stock returns over the past year and a 17.48% gain year-to-date. Analysts have a bullish outlook on CPNG, with a consensus Buy rating and a target price of $21.57. The acquisition of Farfetch expands Coupang into the luxury market, enhancing growth opportunities despite competition. Technical analysis indicates a potential Golden Cross, suggesting an uptrend, although the RSI nears overbought conditions, warranting caution.

Portfolio Pulse from Surbhi Jain

April 10, 2024 | 12:23 pm

TSM

Taiwan's ETF market has seen a significant surge, exceeding $50 billion in investments, largely driven by the AI stock craze, particularly with a 55% gain by TSMC (NYSE:TSM), a key supplier for Apple and NVIDIA. This growth has led to concerns from Taiwanese officials about potential risks and misleading marketing practices. Despite these concerns, the market's expansion reflects a global trend of increasing interest in AI technology and its potential.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 12:19 pm