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IMCC

IM Cannabis Corp. (IMCC) has announced it will not complete the remaining installment payments for the 51% shares held by IMC Holdings Ltd., opting instead to return the shares to the seller. This decision is part of IMC's strategic shift to focus on the German market, especially following the legalization of cannabis in Germany on April 1st. The company aims to allocate resources to markets with the highest growth potential, notably Germany and Israel.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:10 pm

ALUR

BNED

DBGI

DUOL

FRSX

GES

GNLN

GNS

JZXN

KAVL

KXIN

YYAI

In Tuesday's pre-market session, 12 consumer discretionary stocks showed notable movements. Gainers included Connexa Sports Technologies, Kaixin Holdings, Genius Gr, Duolingo, Foresight Autonomous, and Jiuzi Hldgs, with increases ranging from 5.98% to 17.0%. Losers were led by Kaival Brands Innovations, Digital Brands Group, Guess, Allurion Technologies, Barnes & Noble Education, and Greenlane Hldgs, with declines between 6.71% and 15.9%. Market capitalizations varied significantly among these companies.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:07 pm

AKAN

BRTX

CGEM

DYNT

INO

In Tuesday's pre-market session, several healthcare stocks showed significant movement. Dynatronics led the gainers with an 84.9% increase, while Inovio Pharmaceuticals experienced the largest drop among the losers, falling 24.3%. Other notable movers included BioRestorative Therapies, Akanda, and Cullinan Oncology with substantial gains, and Calidi Biotherapeutics, Dermata Therapeutics, and Addex Therapeutics among the biggest losers.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:07 pm

AGFY

DFLI

SKIL

In Tuesday's pre-market session, several industrials stocks showed significant movement. Dragonfly Energy Holdings (DFLI) and Agrify (AGFY) reported Q4 earnings, leading to a 56.0% increase in DFLI's stock to $0.7 and an 8.69% rise in AGFY's stock to $0.32. Markforged Holding (MKFG), Enovix (ENVX), noco-noco (NCNC), and Castor Maritime (CTRM) also saw gains. Conversely, Skillsoft (SKIL) reported Q4 earnings, resulting in a 19.6% decrease in its stock to $7.4. Complete Solaria (CSLR), Flux Power Holdings (FLUX), Lennox Intl (LII), Erayak Power Solution Gr (RAYA), and NN (NNBR) experienced declines.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:07 pm

MINM

MITK

TAOP

In Tuesday's pre-market session, 12 Information Technology stocks showed notable movements. Gainers included Taoping, Mobilicom, Peraso, VIA optronics, Data Storage, and MultiSensor AI Holdings, with increases ranging from 8.24% to 14.9%. Losers were OMNIQ, UTime, Mitek Systems, SMX, Minim, and CCSC Technology, with declines between 5.02% and 8.9%. Mitek Systems and Minim reported their Q1 and Q4 earnings, respectively.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:06 pm

PRZO

ParaZero Technologies shares are trading higher following the company's announcement of its intention to enter the counter unmanned aircraft system market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:04 pm

ONTO

Onto Innovation (NYSE:ONTO) received mixed analyst ratings with an updated average 12-month price target of $208.75, reflecting an 18.61% increase from the previous target. Analysts from Evercore ISI Group, Stifel, Benchmark, and B. Riley Securities adjusted their ratings and price targets, indicating a positive outlook on the company's performance despite its revenue decline of -13.59% and below-average ROE of 1.77%. The company's strong net margin of 13.85% and exceptional ROA of 1.61%, along with a low debt-to-equity ratio of 0.01, suggest efficient operations and financial health.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:01 pm

INSE

Inspired Entertainment, Inc. (NASDAQ:INSE) has been awarded an additional 720 Valor video lottery terminal (VLT) placements in Saskatchewan by the Western Canada Lottery Corporation (WCLC), representing the third such award in four years. This expansion brings the total number of Inspired's Valor VLTs in the region to over 1,500, with delivery expected by the end of 2024 and new games launching in early 2025. The deal underscores Inspired's growing footprint in the Canadian gaming market and its commitment to providing high-quality gaming experiences.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:01 pm

KLAC

Analyst ratings for KLA (NASDAQ:KLAC) show a mix of bullish and bearish perspectives with a recent positive shift in the 12-month price target to $685.22, up 8.15% from $633.57. The company, a major player in semiconductor wafer fabrication equipment, faces a -16.66% revenue decline but maintains strong profitability indicators such as a net margin of 23.43% and ROE of 19.31%. Analysts' actions and price target adjustments reflect evolving market conditions and KLA's performance.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 12:01 pm

AAPL

Apple Inc. (AAPL) shares dropped after a report showed a 10% decline in smartphone shipments, making Samsung the top global phone maker. Ahead of its Q2 earnings release on May 2, 2024, Apple is expected to report earnings of $1.51 per share on revenue of $90.52 billion. The article also explores how investors can earn $500 a month from Apple's dividends, requiring an investment of approximately $1,079,313 to achieve this with Apple's current annual dividend yield of 0.56%.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 12:01 pm