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FMST

FMSTW

Foremost Lithium has announced its application for a $10M grant from the Government of Canada's Critical Infrastructure Fund, aiming to bolster its lithium mining operations.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:01 pm

FMST

Foremost Lithium Resource & Technology Ltd (NASDAQ:FMST) has submitted a $10 million proposal to the Government of Canada's Critical Mineral Infrastructure Fund to enhance the lithium transport corridor in Manitoba's Snow Lake region. This initiative aims to build and improve roads for the transportation of lithium, gold, nickel, and timber, supporting economic growth and sustainable development. FMST shares dropped 2.95% to $2.96 in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 28, 2024 | 1:01 pm

RSG

Recent analyst evaluations of Republic Services (NYSE:RSG) show a mix of bullish to bearish sentiments, with 6 analysts providing diverse outlooks. The average 12-month price target has been raised to $185.67, indicating a 5.79% increase from the previous target. Analysts from firms like Oppenheimer, Wells Fargo, Citigroup, and Stifel have raised their price targets, reflecting optimism about RSG's market position and financial performance, including revenue growth, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:01 pm

NVO

VANI

Vivani Medical announced that its NPM-115 treatment generated significant weight loss comparable to injectable semaglutide, with an expected dosing frequency of twice-yearly. This development positions Vivani Medical as a potential key player in the weight loss treatment market, directly competing with established treatments like Novo Nordisk's injectable semaglutide.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:00 pm

ARQT

Arcutis Biotherapeutics (NASDAQ:ARQT) has seen a positive shift in analyst ratings over the past three months, with a unanimous bullish outlook from 4 analysts. Recent updates show a significant increase in the 12-month price target to an average of $12.00, up 100% from the previous $6.00, with a high estimate of $16.00 and a low of $8.00. The company's financial performance indicates a substantial revenue growth rate of 5156.41% as of September 30, 2023, but challenges in net margin, ROE, ROA, and debt management persist.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 1:00 pm

AAPL

TSLA

Gene Munster, managing partner at Deepwater Asset Management, expressed shock at Apple Inc's decision to terminate its electric car project, known as Project Titan, to focus on AI. Munster had previously believed the project could significantly boost Apple's revenue by entering the auto market. Despite the project's cancellation, Munster sees potential in Apple's pivot towards generative AI, leveraging its expertise in privacy and security. He also views the decision as positive for Tesla Inc, anticipating less competition in the EV market. Bloomberg reported that some employees from the car project would join Apple's AI division, with potential layoffs expected.

Portfolio Pulse from Anan Ashraf

February 28, 2024 | 12:56 pm

HPQ

HP Inc. (NYSE:HPQ) is anticipated to release its Q1 earnings with expected earnings of 81 cents per share and revenue of $13.56 billion. HSBC upgraded HP from Hold to Buy, raising the target price from $30 to $33. HP offers a 3.82% annual dividend yield. To earn $500 monthly from dividends, an investment of approximately $156,979 or 5,445 shares is needed. HPQ shares slightly increased by 0.1% to close at $28.83.

Portfolio Pulse from Avi Kapoor

February 28, 2024 | 12:53 pm

KTB

Kontoor Brands' shares declined following the announcement of disappointing Q4 earnings and a less optimistic FY24 outlook.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:41 pm

AAPL

TSLA

Tesla, Inc. (TSLA) shares increased in premarket trading on Wednesday, contrasting with the overall market trend towards a lower opening. This rise is attributed to Apple, Inc. (AAPL) reportedly abandoning its self-driving car project, which is seen as an acknowledgment of Tesla's dominant position in the electric vehicle (EV) market. Additionally, Tesla CEO Elon Musk announced updates on the Tesla Roadster, aiming for a 2025 delivery, which may also contribute to the stock's positive performance. Tesla's stock has been on an upward trajectory this week, with a notable resistance level at $200.

Portfolio Pulse from Shanthi Rexaline

February 28, 2024 | 12:39 pm

IMCR

Immunocore Holdings reported Q4 GAAP EPS of $(0.40), missing the $(0.28) estimate, but sales of $67.59M exceeded the $67.23M forecast. This represents a 36.51% decrease in losses and a 34.05% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 12:38 pm