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LTCUSD

Litecoin (LTC) is trading lower by 4.4% at $98.68, influenced by a 6% drop in Bitcoin over the past week. Bitcoin's market movements often dictate trends in the cryptocurrency market, affecting altcoins like Litecoin. The close relationship between Bitcoin and Litecoin prices means that a decrease in Bitcoin's value can lead to a decrease in Litecoin's value due to perceived reduced demand.

Portfolio Pulse from Henry Khederian

April 03, 2024 | 6:58 pm

DIS

The Walt Disney Company (NYSE:DIS) successfully defended its board against activist investors Trian and Blackwells at its annual meeting, with all 12 directors winning by a substantial margin. CEO Bob Iger received 94% of the vote, highlighting shareholder support for the current leadership and strategic direction. Despite this victory, Disney's stock price fell by 1.8% to $119.85, marking its worst daily performance in a month.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 6:58 pm

AAPL

MU

NVDA

SMH

TSM

A 7.4 magnitude earthquake in Taiwan caused concerns over semiconductor supply chain disruptions, but major chip producers and their customers showed resilience. Taiwan Semiconductor Manufacturing (TSM) and Micron Technology (MU) reported their operations were largely unaffected, with TSM's shares up 1.6% and MU's up 3.1%. The VanEck Semiconductor ETF (SMH) also rose by 0.7%. Apple (AAPL) saw a 1% increase in its stock price, while Nvidia (NVDA) experienced a slight decrease of 0.2%. The market's muted reaction suggests confidence in the semiconductor industry's preparedness for such natural disasters.

Portfolio Pulse from Neil Dennis

April 03, 2024 | 6:55 pm

FRRDF

PONGF

Atari SA (OTC:PONGF) has acquired the publishing rights for RollerCoaster Tycoon 3 and other titles in the franchise from Frontier Developments PLC (OTC:FRRDF) for $7 million. The deal, aimed at expanding distribution and exploring merchandising opportunities, includes a $4 million upfront payment and a $3 million deferred payment. Frontier Developments, facing financial challenges, plans to use the proceeds for working capital and remains optimistic with plans to release three CMS games over the next three years. Atari's stock is currently down 8%.

Portfolio Pulse from Franca Quarneti

April 03, 2024 | 6:55 pm

AVGO

Broadcom Inc. (NASDAQ:AVGO) has seen significant stock momentum, attributed to its focus on AI infrastructure, with a recent event highlighting its $10 billion AI chip sales forecast for the year. The stock surged 10% post-event and has shown a 113.47% increase over the past year. Analysts from Benchmark, JP Morgan, and Rosenblatt have set an average price target of $1640, indicating a 19.60% upside. Technical analysis supports a bullish outlook, with key levels to watch for further upside or potential pullback.

Portfolio Pulse from Surbhi Jain

April 03, 2024 | 6:48 pm

MO

Altria Group (NYSE:MO) has seen unusual options activity, with over 9 transactions valued at $518,462, including 6 puts totaling $380,242. Investors target a price range of $35.0 to $47.5 for MO in the next three months. Notable options include bullish calls and puts with expiration dates ranging from 2024 to 2025. Altria, a leading tobacco company, holds a significant market share and interests in various sectors, including cannabis and brewing. The stock is slightly up at $42.99, with an RSI indicating a potential overbought situation. Analysts have a consensus target price of $50.0 for MO, with Stifel recently lowering its rating to Buy.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:46 pm

SOUN

Financial analysis reveals a bearish sentiment in the options market for SoundHound AI (NASDAQ:SOUN), with 60% of traders favoring puts over calls. The options trading activity indicates a price target range between $2.5 and $11.0. SoundHound AI's stock is currently down by -1.67% at $5.29, with RSI indicators suggesting it may be approaching overbought territory. Analyst ratings vary, with Cantor Fitzgerald rating it Underweight with a $4 target, while DA Davidson maintains a Buy rating with a $9 target.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:46 pm

FGEN

FibroGen's shares dropped following the announcement of topline results from their Phase 1 study of FG-3246 in metastatic castration-resistant prostate cancer patients.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:43 pm

BROS

Dutch Bros shares experienced an increase in trading volume and price after Stifel and Wedbush analysts reaffirmed their bullish stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:33 pm

VST

Vistra (NYSE:VST) has significantly outperformed the market with an average annual return of 23.7% over the past 5 years, turning a $100 investment into $286.63 today. The company's market capitalization stands at $24.71 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:30 pm