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COIN

Coinbase Global Inc (NASDAQ:COIN) is set to report its Q1 earnings with expectations of $1.00 EPS and $1.34 billion in revenues. Despite a 300% stock increase over the past year, technical indicators suggest a bearish trend ahead of the earnings report. The stock is trading below key moving averages and has a bearish MACD indicator, although it remains above the 200-day SMA. Analysts have a consensus Buy rating on COIN with a price target suggesting a 34% upside.

Portfolio Pulse from Surbhi Jain

May 01, 2024 | 3:59 pm

HYLN

Hyliion Holdings shares surged following the announcement of better-than-expected Q1 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:58 pm

MDXG

MiMedx Group's shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:55 pm

ILPT

Industrial Logistics Properties Trust (ILPT) shares surged following the announcement of their Q1 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:55 pm

VIK

Viking Holdings shares are indicating a price of $26.50 based on a volume of 3.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:52 pm

BAM

BEP

IYW

MSFT

XLK

Microsoft Corp, Brookfield Asset Management Ltd, and Brookfield Renewable Partners LP have entered a five-year global renewable energy agreement to deliver over 10.5 gigawatts of new renewable energy capacity between 2026 and 2030, mainly in the U.S. and Europe, with potential expansion to other regions. This move, costing over $10 billion, aims to support Microsoft's cloud services demand and grid decarbonization, setting a new record for corporate renewable electricity purchases. Microsoft's commitment to match its electricity consumption with zero-carbon energy by 2030 is reinforced by this agreement.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 3:49 pm

PSTX

Poseida Therapeutics' stock price increased following the announcement of a research collaboration and license agreement with Astellas for the development of novel convertibleCAR programs.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 3:48 pm

GM

General Motors (NYSE:GM) has seen significant options trading activity, with a bullish sentiment from the majority of trades. Analysis of options history shows 62% bullish and 25% bearish trades, with a price target range from $28.0 to $60.0. Notable trades include both calls and puts with varying sentiments and strike prices. GM's market performance is stable with a slight increase in stock price to $44.55, and analysts have set an average target price of $62.6, indicating a positive outlook. GM's market share has recovered, and its autonomous vehicle arm, Cruise, plans to restart services in 2024.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:46 pm

CLF

Recent options trading activity indicates a bearish stance on Cleveland-Cliffs (NYSE:CLF) by big-money investors, with a split sentiment of 40% bullish and 60% bearish. The trading involved 10 unusual options trades, with 7 puts and 3 calls, targeting a price range of $16.0 to $26.5. The largest trades include a bearish put for a strike price of $22.00 expiring on 06/20/25 and a bullish call for a strike price of $17.00 expiring on 01/17/25. Cleveland-Cliffs is a major steel producer and iron ore pellet manufacturer in North America, with the majority of its revenue from the U.S. The company's stock is currently down by -1.48%, trading at $16.65, and may be considered oversold based on RSI indicators.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:32 pm

AIT

Over the past 5 years, Applied Industrial Techs (NYSE:AIT) has produced an average annual return of 25.55%, outperforming the market by 13.85%. A $1000 investment in AIT 5 years ago would now be worth $3,029.55. The company currently has a market capitalization of $7.07 billion.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:30 pm