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Stock Prices

CIM

Chimera Investment has announced a 1-for-3 reverse stock split, a move that will reduce the number of shares outstanding and typically aims to increase the stock price by consolidating shares. This action is often taken by companies seeking to meet exchange listing requirements or to improve the stock's appeal to investors.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:16 pm

JAN

JanOne Inc. has announced the acquisition of blockchain financial technology provider ALT 5 Sigma Inc., with the transaction expected to close the week of May 13th, 2024. ALT 5 Sigma's transactional processing volume exceeded $1.1 billion in 2023 and over $450 million in Q1 2024. As part of the agreement, JanOne will issue shares to ALT 5's former stockholders, making ALT 5 and its subsidiaries wholly owned subsidiaries of JanOne.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:15 pm

IIIV

i3 Verticals traded lower after the company cut its FY24 outlook, indicating a potential decrease in future financial performance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:11 pm

AAPL

BRK

NVDA

PFE

TSLA

XLU

Stocks have surged due to a strong earnings season and despite rising jobless claims. The S&P 500 and Dow Jones saw gains, with the utilities sector, particularly XLU, outperforming. Job market concerns arose with high jobless claims. Berkshire Hathaway reduced its Apple stake, while Apple introduced new iPads. Tesla announced job cuts in China, Pfizer settled Zantac lawsuits, and Nvidia was highlighted as a leader in AI technology.

Portfolio Pulse from Piero Cingari

May 10, 2024 | 8:09 pm

APDN

Applied DNA Sciences (APDN) reported Q2 earnings with a significant miss on both EPS and sales estimates. The EPS was $(5.31), missing the $(4.50) estimate by 18%, and sales were $929.63K, missing the $950.00K estimate by 2.14%. Year-over-year, this represents a 2555% decrease in EPS and a 78.91% decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:08 pm

MSFT

Microsoft has been ordered to pay $242 million for infringing a patent with its digital assistant, Cortana. Jurors have rejected Microsoft's attempt to invalidate the patent in question.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 8:07 pm

CLSK

Cleanspark (NASDAQ:CLSK) has received varied analyst ratings over the past three months, with a recent positive shift in price targets. The average 12-month price target is now $23.91, up 47.14% from the previous $16.25. Cleanspark, a bitcoin mining company, has shown remarkable financial performance, including a revenue growth rate of 170.26% and a net margin of 34.33%. Analysts from firms like HC Wainwright & Co., Chardan Capital, JP Morgan, Cantor Fitzgerald, and BTIG have maintained or raised their ratings and price targets.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 8:01 pm

EPAM

EPAM Systems (NYSE:EPAM) has seen a diverse range of analyst ratings over the last three months, with a total of 25 analysts offering perspectives. The ratings have shifted, with a current mix of bullish, somewhat bullish, indifferent, and somewhat bearish sentiments. The 12-month price targets for EPAM show an average of $305.28, down from the previous $313.76. Analyst actions include lowering price targets and adjusting ratings, reflecting changing market dynamics and company performance. EPAM's financial overview indicates challenges in revenue growth, with a -6.01% decline over 3 months, but strong net margin and ROE figures suggest effective cost management and equity capital utilization.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 8:01 pm

NXST

Analyst ratings for Nexstar Media Group (NXST) show a diverse range of perspectives, with recent ratings being predominantly bullish or somewhat bullish. The average 12-month price target for NXST has slightly declined to $207.6 from $208.00. Nexstar, the largest TV station owner in the US, faces a revenue decline of -12.31% over the last 3 months but maintains strong profitability indicators such as a high net margin and ROE.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 8:00 pm

AU

AUMN

HAYN

MTUS

AngloGold Ashanti reports a 2% increase in Q1 2024 gold production, maintaining full-year guidance despite challenges. Golden Minerals sells Velardeña Properties assets for $5.5 million. Metallus announces Q1 results with $321.6 million in net sales and a new $100 million share buyback program. Haynes Intl's fiscal Q2 net revenues hold steady at $152.5 million, with a net income of $8.6 million.

Portfolio Pulse from austin@walkonholdings.com

May 10, 2024 | 8:00 pm