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PEGA

Pegasystems shares are trading higher, rebounding after a decline on Thursday due to Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:20 pm

AAPL

AMD

BABA

INTC

NVDA

Huawei Technologies Co. has launched its new Pura 70 series smartphones featuring the made-in-China Kirin 9010 processor, amidst U.S. sanctions targeting chip exports by Nvidia and Intel to China. The Pura 70 series' quick sell-out and the advanced capabilities of the Kirin 9010 chip signify Huawei's strong market presence and potential challenge to Apple Inc.'s iPhone in China. U.S. sanctions have prompted companies like Intel and Nvidia to adjust their strategies, with Intel obtaining a license to supply Huawei, while AMD criticizes the move as unfair. Despite these challenges, Chinese companies like Huawei and Alibaba continue to innovate and compete globally.

Portfolio Pulse from Rounak Jain

April 26, 2024 | 1:20 pm

ARCB

ArcBest shares are trading lower due to a downturn in freight stocks, triggered by disappointing earnings reports within the sector.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:20 pm

NUWE

Nuwellis, Inc. (NASDAQ:NUWE) announced a public offering of 11.25 million shares and warrants to purchase up to 16.875 million shares at $0.24 per share, aiming to raise $2.7 million. The warrants, exercisable at $0.40 per share, will expire five years post-issuance. The offering, managed by Roth Capital Partners, is set to close by April 30, 2024, with proceeds intended for working capital and general corporate purposes, including commercialization efforts.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:19 pm

ODFL

Old Dominion Freight Line's shares declined after reporting Q1 revenue that fell short of expectations. This event is part of a broader trend of underperformance in the freight sector, attributed to disappointing earnings.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:18 pm

GOOG

GOOGL

MSFT

Tech entrepreneur Peter H. Diamandis emphasized the critical role of AI in driving earnings growth for Alphabet Inc. (GOOGL, GOOG) and Microsoft Corporation (MSFT), predicting that by 2030, companies not fully utilizing AI will be out of business. Alphabet and Microsoft have shown significant revenue increases, attributed to their leadership in AI, with Alphabet's Q1 revenue up 15% YoY and Microsoft's Q3 revenue up 17% YoY, both surpassing consensus estimates.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 1:16 pm

GOOG

GOOGL

Wedbush's Dan Ives praised Alphabet Inc (GOOG, GOOGL) for its 'major breakout quarter' after beating revenue and EPS estimates for Q1 2024, declaring its first-ever dividend, and showing positive growth and margin implications. Alphabet's revenue increased 15% year-over-year to $80.539 billion, surpassing estimates, with an EPS of $1.89. The company's focus on AI and cloud, along with the development of Gemini AI, was highlighted. Shares were up 11.80% in premarket trading.

Portfolio Pulse from Rounak Jain

April 26, 2024 | 1:06 pm

XPO

XPO shares are trading lower, potentially due to Saia's worse-than-expected Q1 financial results, indicating a sympathy move.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:05 pm

GM

VZ

XLU

On CNBC's 'Halftime Report Final Trades,' analysts highlighted their picks: Utilities Select Sector SPDR Fund (XLU) for its stability, Verizon Communications Inc. (VZ) for its strong free cash flow and dividend yield, and General Motors Company (GM) for its cash generation and shareholder returns. Verizon reported a slight sales miss but beat EPS estimates, while General Motors exceeded expectations with its earnings report. XLU rose, VZ fell, and GM shares increased following these reports.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 1:05 pm

TNET

TriNet Group's shares dropped following the announcement of disappointing Q1 results and weaker future guidance than anticipated.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:04 pm