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CVX

Chevron Corp (NYSE:CVX) has invested $45 million in Series A financing in ION Clean Energy, a Boulder, Colorado-based technology company specializing in carbon capture technology. This investment aims to support the growth and commercial rollout of ION's ICE-31 liquid amine carbon capture technology, targeting hard-to-abate emissions. The collaboration is part of Chevron's strategy to expand its technology portfolio and address emissions from industries with high-volume but low-concentration CO2 emissions, marking a significant step towards a lower carbon future.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 2:36 pm

LW

Lamb Weston Holdings Inc (NYSE:LW) shares dropped significantly after reporting Q3 FY24 sales of $1.46 billion, missing estimates of $1.645 billion. The decline was attributed to a 16% volume drop, partly due to unfilled orders from transitioning to a new ERP system. Gross profit margin contracted, and adjusted EPS fell short of expectations. The company also lowered its FY24 sales and earnings guidance due to the ERP transition's impact and soft restaurant traffic trends.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 2:35 pm

ACB

A significant number of investors have taken a bearish stance on Aurora Cannabis (NASDAQ:ACB), as evidenced by a recent options trading frenzy. Benzinga's options scanner revealed 14 unusual trades, with a sentiment split of 42% bullish and 57% bearish. The trades suggest a targeted price range for ACB between $4.0 and $14.0. The largest trades included both bullish and bearish calls with varying strike prices and expiration dates. Aurora Cannabis, a Canadian company, is known for its medicinal and recreational cannabis products. The company's stock price is currently up 1.25% at $7.3, with an RSI indicating potential overbought conditions. Its next earnings report is expected in 41 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:32 pm

COP

Big money investors have shown a predominantly bearish stance on ConocoPhillips (NYSE:COP), as evidenced by recent options trading activity tracked by Benzinga. A total of 9 unusual options trades were identified, with a sentiment split of 22% bullish and 77% bearish. The trades include 5 puts and 4 calls, indicating expectations of price movements between $90.0 and $130.0. Despite this, COP's stock price is currently up 0.37% at $132.12, with some analysts maintaining positive ratings.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:32 pm

NKE

Over the past 20 years, Nike (NYSE:NKE) has delivered an average annual return of 11.91%, outperforming the market by 3.96% on an annualized basis. A $1000 investment in NKE 20 years ago would be worth $9,386.85 today. Nike's market capitalization currently stands at $137.32 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:31 pm

EQIX

Over the past 15 years, Equinix (NASDAQ:EQIX) has produced an average annual return of 18.37%, outperforming the market. A $100 investment in EQIX 15 years ago would now be worth $1,246.21. Equinix's current market capitalization stands at $74.65 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:31 pm

RIOT

Riot Blockchain, Inc. (RIOT) shares are experiencing an uptick following the announcement of their March Bitcoin production figures, which totaled 425 Bitcoins.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:30 pm

BABA

FXI

JD

KWEB

TCEHY

Chinese cloud service giants, including Alibaba, Huawei, and JD.com, are leveraging live streaming to attract SMEs, sparking a price war in the cloud market. Alibaba's live session attracted over 2.3 million viewers and secured 1,000+ SME clients. This strategy, along with significant price reductions, reflects intense competition among cloud providers. China's cloud infrastructure spending surged to $9.7 billion in Q4 2023, with a 22% year-over-year increase. Alibaba, Huawei, and Tencent dominated the market, capturing a 74% share. Investors can gain exposure to these companies through ETFs like FXI and KWEB.

Portfolio Pulse from Anusuya Lahiri

April 04, 2024 | 2:28 pm

CADL

Candel Therapeutics Inc (NASDAQ:CADL) released updated interim survival data from a phase 2 trial of CAN-2409 plus valacyclovir for pancreatic cancer, showing prolonged survival compared to the control group. The data, presented after eight months of additional follow-up, demonstrated a median overall survival of 28.8 months in the CAN-2409 group versus 12.5 months in the control group. The treatment was well tolerated with no dose-limiting toxicities. Following the news, CADL shares surged 31.70% to $2.21.

Portfolio Pulse from Vandana Singh

April 04, 2024 | 2:24 pm

APO

PARA

PARAA

Paramount Global has entered exclusive merger talks with Skydance Media, rejecting a $26 billion offer from Apollo Global Management. The decision, which surprised many including LightShed Ventures' Rich Greenfield, could end Shari Redstone's control over Paramount. Following the announcement, Paramount's shares surged nearly 15%. The merger with Skydance, led by David Ellison, aims to acquire National Amusements, significantly impacting the media industry amidst challenges like Hollywood strikes and a weak advertising market.

Portfolio Pulse from Benzinga Neuro

April 04, 2024 | 2:23 pm