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PERI

Perion Network Ltd. (NASDAQ:PERI) shares plummeted premarket Monday after the company reported disappointing preliminary results for Q1 FY24 and significantly lowered its FY24 guidance. The company's revenue and adjusted EBITDA for Q1 were below consensus expectations, attributed to a decline in Search Advertising activity due to changes by Microsoft Bing. Additionally, Perion lowered its FY24 revenue and adjusted EBITDA outlook, citing challenges in Search Advertising and web video activity. Despite these setbacks, the company is focusing on expanding its Display Advertising activity and leveraging its strong cash balance for strategic acquisitions.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 11:21 am

SEE

Truist Securities analyst Michael Roxland upgraded Sealed Air (NYSE:SEE) from Hold to Buy and increased the price target from $39 to $44.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:18 am

IAUX

i-80 Gold Corp. (IAUX) has announced a C$86M bought deal public offering of units at C$1.65 per unit. The offering includes 51,882,000 units, each consisting of one common share and half a warrant, with each whole warrant allowing the purchase of one common share at C$2.15 for 48 months post-closing.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:18 am

AKTS

Akoustis Technologies, Inc. (AKTS) has secured a design win and volume orders for its Wi-Fi 7 solution with a Tier-1 enterprise class OEM. The OEM will use Akoustis' high-performance XBAW filters in a 4X4 MU-MIMO enterprise router platform, with volume orders supporting a production ramp in the second half of the calendar year 2024.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 11:12 am

AAPL

FXI

SPY

DigiTimes reported that an upcoming Huawei smartphone could potentially pressure iPhone sales in China, potentially affecting Apple's market share in the region.

Portfolio Pulse from Charles Gross

April 08, 2024 | 11:10 am

BUKS

FRTX

TSSI

Insiders at TSS, Inc., Butler National Corporation, and Fresh Tracks Therapeutics have recently made significant purchases of their companies' shares, indicating potential confidence in their respective companies' futures. These transactions come amidst a backdrop of a rising Dow Jones index and mixed performance among these penny stocks.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 11:09 am

COIN

HOOD

QQQ

SPY

TSLA

U.S. stocks are poised for a lower opening on Monday, influenced by rising bond yields and investor anxiety ahead of Wednesday's inflation report. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw slight premarket declines. Analysts predict potential market appreciation despite short-term setbacks, with historical data suggesting positive trends. Key economic data, including the March CPI report and Fed speeches, are anticipated this week. Tesla, Coinbase, and Robinhood shares rose in premarket trading amid a cryptocurrency rebound.

Portfolio Pulse from Shanthi Rexaline

April 08, 2024 | 11:04 am

KOMP

EHang Holdings Limited (NASDAQ:EH) shares rose after receiving the Production Certificate for its EH216-S eVTOL aircraft from the Civil Aviation Administration of China, marking a significant step towards mass production and commercial operations. This follows previous achievements including the Type Certificate and Standard Airworthiness Certificate. EHang's progress is seen as pioneering in the UAV sector. Additionally, EHang recently established Japan's first Urban Air Mobility Center. Investors can also gain exposure through the SPDR S&P Kensho New Economies Composite ETF (NYSE:KOMP).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 10:51 am

DJT

DWAC

Trump Media & Technology (NASDAQ:DJT) CEO Devin Nunes defended the company's financial status amid criticism, highlighting its no-debt position and $200 million in the bank despite a $58 million loss in 2023. The company, which recently went public via a merger with Digital World Acquisition Corp. (DWAC), faced a stock price drop following the disclosure of its financial losses.

Portfolio Pulse from Benzinga Neuro

April 08, 2024 | 10:48 am

BTCUSD

A Bitcoin whale, inactive for eight months, transferred $74.3 million worth of Bitcoin to Binance and still holds $597.55 million in Bitcoin. Grayscale reduced its Bitcoin holdings by $77.34 million, now holding $21.9 billion, while BlackRock increased its holdings by $138.16 million, now at $17.38 billion. BTC's price is slightly up at $69,807.

Portfolio Pulse from Mehab Qureshi

April 08, 2024 | 10:38 am