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DKNG

The 2024 NFL Draft is anticipated to set records for quarterback selections in the first round, with experts predicting a high number of quarterbacks, including Caleb Williams and Jayden Daniels, to be picked early. DraftKings Inc (NASDAQ:DKNG) betting odds suggest a strong likelihood of at least five quarterbacks being selected in the first round. Historical data shows the significance of quarterbacks in the draft, with the 1983 draft being the most notable for producing top quarterbacks.

Portfolio Pulse from Chris Katje

April 08, 2024 | 11:37 pm

ZBRA

Wolfe Research analyst Nigel Coe upgraded Zebra Technologies (NASDAQ:ZBRA) from Peer Perform to Outperform, setting a price target of $337.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:18 pm

ACB

CGC

SNDL

TLRY

Canadian cannabis stocks like Tilray, Canopy, Aurora, and others are rallying due to recent developments such as Tilray's earnings, Organigram's investor day, and movements by Canopy and Aurora. Legislative changes in Canada, Germany, and the U.S. have positively impacted these stocks. Analyst Pablo Zuanic highlights the sector's potential for growth despite liquidity issues, with some stocks trading as proxies for U.S. exposure. Aurora, Tilray, and Canopy show significant short interest, with Tilray and SNDL leading in revenue. Strategic partnerships and international operations are crucial for expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

April 08, 2024 | 10:34 pm

SOL

Jeo Boden, a Solana-based meme coin parodying President Joe Biden, surged over 21%, briefly surpassing $1, and hitting a new all-time high with a market cap peaking above $700 million before settling around $600 million. Influencers and traders speculate further growth, especially if former President Trump mentions it, contrasting with its rival MAGA Memecoin's $300 million valuation. The coin's potential to outperform other meme coins like dogwifhat and even reach a $50 billion market cap is discussed amidst expectations of increased value as the presidential election approaches.

Portfolio Pulse from Ivan Crnogatić

April 08, 2024 | 10:12 pm

CMG

Citigroup analyst Jon Tower has maintained a Buy rating on Chipotle Mexican Grill (CMG) and increased the price target from $3016 to $3358, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 10:10 pm

BTCUSD

El Salvador, led by President Nayib Bukele, has initiated a buyback of its dollar-denominated bonds due between 2025 and 2029, aiming to reduce the country's external debt. The bonds have shown significant recovery, with the 2029 bond rising from 50 to 90 cents on the dollar. This move is seen as a positive indicator of the country's financial stability. El Salvador also holds 2,825 Bitcoins, valued at approximately $407 million, with a significant portion moved to a cold wallet for secure storage.

Portfolio Pulse from Piero Cingari

April 08, 2024 | 9:54 pm

COIN

A U.S. appeals court has partially revived a class action lawsuit against Coinbase (NASDAQ:COIN), which was initially dismissed in February 2023. The lawsuit alleges Coinbase facilitated the trading of unregistered securities. The appeals court has sent the case back to the district court for further ruling, focusing on the necessity of physical contracts for an asset to be considered a security. This decision could influence future regulatory decisions in the digital assets space.

Portfolio Pulse from Khyathi Dalal

April 08, 2024 | 9:20 pm

HTCR

HeartCore Enterprises (NASDAQ:HTCR) reported Q4 earnings with a loss of $(0.14) per share, significantly missing the $(0.01) estimate. Sales were $3.33M, also missing the $8.20M estimate. Despite these misses, sales increased 66.35% from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 9:09 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reportedly halting plans for a $25,000 vehicle shifts focus to robotaxi development, causing mixed analyst reactions. Deutsche Bank's Emmanuel Rosner lowers Tesla's price target from $200 to $189, citing potential thesis change. Uncertainty surrounds Tesla's strategy, with CEO Elon Musk disputing reports but not clarifying future plans. Tesla's Q1 financial results on April 23 may offer insights. The shift could impact Tesla's near-term volume, margins, and free cash flow, with implications for shareholder expectations and stock performance.

Portfolio Pulse from Chris Katje

April 08, 2024 | 8:49 pm

CTRI

SWX

Southwest Gas subsidiary, Centuri Holdings, is planning an IPO of 12.4 million shares, priced between $18-$21 per share. Post-IPO, Southwest Gas will retain about 82.7% ownership, or 81.0% if underwriters fully exercise their option to buy additional shares.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:46 pm