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APPS

INTC

PXLW

The article highlights three oversold tech stocks with potential for growth: Pixelworks, Inc. (PXLW), Digital Turbine, Inc. (APPS), and Intel Corporation (INTC). Oversold status is determined by the RSI, a momentum indicator, with a value below 30 indicating potential undervaluation. PXLW and APPS reported disappointing financial results, while INTC expanded its partnership with Infosys Limited (INFY), aiming to boost AI initiatives.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 10:50 am

LMT

JP Morgan analyst Seth Seifman upgraded Lockheed Martin (LMT) from Neutral to Overweight and increased the price target from $475 to $518.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:49 am

SAVE

Spirit Airlines projects its Q1 total revenue to be approximately $1.265 billion, slightly below the estimated $1.27 billion.

Portfolio Pulse from Charles Gross

April 15, 2024 | 10:42 am

BA

CRM

GE

GEV

MMM

GE has sold its historic Crotonville management academy as part of its corporate restructuring, marking a significant shift in corporate training paradigms. The sale, for $22 million to real-estate investors and family offices, reflects a broader trend among major companies like 3M, Boeing, and Salesforce, which are moving away from traditional in-person training retreats in favor of remote and on-site training methods. This move is seen as more efficient and cost-effective. GE Aerospace was launched as an independent company following the spin-off of GE Vernova Inc.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 10:40 am

GGB

JP Morgan analyst Rodolfo Angele upgraded Gerdau (NYSE:GGB) from Neutral to Overweight and increased the price target from $5 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:40 am

MASI

Stifel analyst Rick Wise upgraded Masimo (NASDAQ:MASI) from Hold to Buy and increased the price target from $148 to $170, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:31 am

CTRN

MCFT

PSTL

Insiders at MasterCraft Boat Holdings, Citi Trends, and Postal Realty Trust have made significant stock purchases, indicating confidence in their companies. MasterCraft named a new CEO, Citi Trends reported disappointing Q4 results, and Postal Realty Trust posted strong quarterly sales.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 10:19 am

CSCO

B of A Securities analyst Tal Liani upgrades Cisco Systems (NASDAQ:CSCO) from Neutral to Buy and raises the price target from $55 to $60, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 10:10 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are down in premarket trading, despite broader market optimism. The decline is attributed to rumors of potential large-scale layoffs, with reports suggesting up to 20% of the workforce could be affected. This news comes ahead of Tesla's quarterly results, which are anticipated to underperform following a first-quarter delivery miss. Additionally, Tesla recently halved the subscription price for its full self-driving software. In premarket trading, Tesla shares fell 0.61% to $171.05.

Portfolio Pulse from Shanthi Rexaline

April 15, 2024 | 10:10 am

TSLA

Tesla Inc. has reportedly signed a strategic agreement with Tata Electronics to source semiconductor chips for its global operations, highlighting Tesla's focus on the Indian market. This partnership is expected to position Tata Electronics as a key supplier in the semiconductor industry, boosting India's role in the global value chain. The deal, which was signed a few months ago, comes as Tesla plans to invest $2-3 billion in India for EV production, aiming to capitalize on the growing automotive market and recent policy changes favoring EV manufacturing.

Portfolio Pulse from Shomik Sen Bhattacharjee

April 15, 2024 | 9:47 am