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ACRV

JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on Acrivon Therapeutics (NASDAQ:ACRV) and increased the price target from $14 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:43 pm

SIMS

SLAB

XSD

Needham analyst N. Quinn Bolton upgraded Silicon Laboratories (SLAB) to a Buy rating from a Hold, with a price target of $150, citing strong positioning for semiconductor cyclical recovery and IoT expansion. Bolton highlighted inventory de-stocking, new design wins, and end market demand improvements as drivers for a second-half recovery. He expects SLAB to achieve double-digit top-line growth into 2026, with 2024 revenue and EPS projections adjusted to $601.4 million and $(1.85), respectively. SLAB shares rose 2.68% to $117.33. Investors can also gain exposure through SIMS and XSD ETFs.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 4:38 pm

QQQ

SPY

The upcoming release of the Personal Consumption Expenditure (PCE) price index report this Friday is highly anticipated by investors, as it's a crucial indicator of inflation and influences the Federal Reserve's monetary policy. The report is expected to show a slight increase in the headline PCE year-on-year and maintain the previous month's pace on a month-over-month basis. A hotter-than-expected PCE report could negatively impact markets, increase Treasury yields, and pressure rate-sensitive stocks, particularly affecting sectors like real estate, tech, consumer discretionary, and materials. Conversely, a cooler-than-expected report could signal relief from inflationary pressures, potentially boosting market sentiment.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 4:36 pm

ORN

Orion Group Holdings shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:35 pm

NEE

BMO Capital analyst James Thalacker has maintained an Outperform rating on NextEra Energy (NYSE:NEE) and increased the price target from $70 to $72.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:33 pm

EJH

JAKK

STRA

In Thursday's intraday session, 12 consumer discretionary stocks showed significant movement. Notably, Boqii Holding and Strategic Education were among the top gainers, with increases of 19.2% and 14.88% respectively, attributed to Boqii Holding's market cap of $1.4 million and Strategic Education's Q1 earnings release. Conversely, E-Home Household Service and Jakks Pacific led the losers, with declines of 73.7% and 16.8% respectively, with E-Home's market cap at $13.6 million and Jakks Pacific's Q1 earnings influencing their stock prices.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

ACON

CYCC

In Thursday's intraday session, several healthcare stocks experienced significant movements. Aclarion, Processa Pharma, Akso Health Group, Eyenovia, Predictive Oncology, and IMAC Holdings were among the gainers, with Aclarion leading by a 66.7% increase. On the downside, Cyclacel Pharmaceuticals, Organogenesis Holdings, Xylo Technologies, Protagenic Therapeutics, American Oncology Network, and INVO Bioscience saw notable declines, with Cyclacel Pharmaceuticals dropping by 33.1%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

SNGX

Soligenix shares surged following the announcement of receiving notices of intent to grant additional patents for its trivalent filovirus vaccines in the UK and South Africa, with more international jurisdictions pending.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:31 pm

GRC

HTZ

ORN

SGBX

ULBI

In Thursday's intraday session, several industrials stocks experienced significant movements. Safe & Green Holdings, P.A.M. Transportation, Ultralife, and others saw notable gains, with Safe & Green Holdings leading at a 61.5% increase. On the downside, Hertz Global Holdings, Wilhelmina International, Microvast Holdings, and others faced declines, with Hertz Global Holdings dropping by 18.3%. Earnings reports influenced several of these movements, particularly for Ultralife, Gorman-Rupp, and Orion Group Holdings.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm

BNAI

HOLO

In Thursday's intraday session, 12 Information Technology stocks showed significant movement. Notably, Impinj's shares surged 25.4% following their Q1 earnings report. Other gainers included MicroCloud Hologram, VirnetX Holding, WiSA Technologies, Neonode, and ReAlpha Tech Corp, with increases attributed to various factors. Conversely, Brand Engagement Network led the losers with a 30% drop, followed by declines in Cemtrex, Kopin, MMTEC, CommScope Holding Co, and Ostin Technology Group stocks.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:31 pm