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Stock Prices

CAKE

Citigroup analyst Jon Tower has upgraded Cheesecake Factory (NASDAQ:CAKE) from Neutral to Buy and increased the price target from $38 to $47. This upgrade reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:37 pm

NYC

American Strategic (NYSE:NYC) reported a Q1 2024 GAAP EPS of $(3.28), improving from $(5.77) YoY. However, its sales of $15.481M missed the $15.782M estimate, marking a slight decrease from last year's $15.534M.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:37 pm

LI

NIO

QQQ

XPEV

The Biden administration plans to announce new tariffs targeting China's EV and solar sectors, maintaining most tariffs from the Trump era. This move is part of a broader effort to counteract China's economic practices. Fitch Ratings and Goldman Sachs have expressed concerns over the potential economic impacts, including a possible decline in US and global GDP. Chinese EV stocks listed in the US, such as NIO, Li Auto, and XPeng, showed mixed reactions, while US tech stock futures, including the Invesco QQQ Trust, saw slight increases.

Portfolio Pulse from Piero Cingari

May 10, 2024 | 1:36 pm

VEXTF

Vext Science, Inc. reported a slight decrease in 2023 revenue to $34.8 million from $35.4 million in 2022, with a year-over-year increase in Q4 revenue. The company anticipates growth in Ohio's cannabis market in 2024. Net income and adjusted EBITDA for FY 2023 and Q4 2023 also saw declines compared to the previous year. VEXTF shares rose 4.47% after the market close on Thursday.

Portfolio Pulse from Jelena Martinovic

May 10, 2024 | 1:31 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $63,000 mark and Ethereum trading above $3,000. Akash Network emerged as the top gainer with a 22% increase, while UNUS SED LEO was the biggest loser. The global crypto market cap rose to $2.33 trillion, marking a 3.1% increase over 24 hours.

Portfolio Pulse from Avi Kapoor

May 10, 2024 | 1:31 pm

BONKUSD

Crypto trader Unipics, known as 'Bonk Guy,' predicts an explosive rally for Bonk (BONK) as its vesting period ends, highlighting its volatility and potential for FOMO among investors. BONK's performance outshone other meme coins in 2023, with a significant market cap increase.

Portfolio Pulse from Khyathi Dalal

May 10, 2024 | 1:31 pm

CLMT

Calumet Specialty Products Partners LP (NASDAQ:CLMT) reported a Q1 fiscal 2024 sales decline of 3% Y/Y to $1.01 billion, surpassing consensus estimates. Despite a net loss per unit improvement, gross profit and operating income contracted, with significant declines in adjusted EBITDA. CEO Todd Borgmann highlighted strategic initiatives, including a C-Corp conversion and advancements with Montana Renewables and the MaxSAF project. The company also noted operational improvements and a positive EBITDA from Montana Renewables starting March. Calumet issued $200 million in senior secured notes and saw a premarket share price decrease of 0.87% to $16.02.

Portfolio Pulse from Akanksha Bakshi

May 10, 2024 | 1:31 pm

VSTO

Lake Street analyst Mark Smith has downgraded Vista Outdoor (VSTO) from Buy to Hold and set a new price target of $37. This adjustment reflects a change in the firm's outlook on VSTO, potentially due to recent performance or market conditions.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:27 pm

GSK

MRNA

PFE

The FDA has delayed its review of Moderna's new RSV vaccine, mRNA-1345, citing administrative constraints, with a new expected completion by the end of May 2024. Despite this delay, there are no reported issues regarding the vaccine's safety, efficacy, or quality. Moderna's vaccine showed a decline in effectiveness over time but remains a key part of its growth strategy, with an addressable market of about $10 billion. William Blair maintains a Market Perform rating on Moderna shares, which saw a 2.20% decrease in premarket trading.

Portfolio Pulse from Vandana Singh

May 10, 2024 | 1:27 pm

EVLV

Lake Street analyst Eric Martinuzzi has downgraded Evolv Technologies (EVLV) from Buy to Hold and reduced the price target from $6 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 1:25 pm