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AVGO

Investor Business Daily's SwingTrader platform has reportedly purchased shares of Broadcom, indicating a potential positive outlook on the stock by the investment analysis platform.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:52 pm

NTES

NetEase shares are trading lower despite earlier gains in the week due to new game approvals. The fluctuation highlights the volatile nature of the gaming industry's stock, influenced by regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:51 pm

CIFR

CLSK

JPMorgan's report anticipates the upcoming Bitcoin halving event on April 20 could significantly impact the mining industry, potentially leading to consolidation and business closures. The event is expected to reduce mining rewards by 50%, causing a 30%-40% decline in the industry's gross profits and a 13% decrease in the network hashrate. CleanSpark (NASDAQ:CLSK) is highlighted as well positioned to benefit from the halving, while Cipher Mining (NASDAQ:CIFR) may face challenges due to high overheads and tough hashrate comparisons.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 4:50 pm

COIN

Coinbase shares are trading higher amid volatility in Bitcoin following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:49 pm

KKR

KKR shares are trading higher following an upgrade by TD Cowen, which maintained a Buy rating and increased the price target from $129 to $144.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:48 pm

AAPL

C

IIPR

TSLA

ZG

Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, has outperformed major stocks like Tesla (TSLA), Apple (AAPL), Citigroup (C), and Zillow Group (ZG) over the past year with a return of 36.26%. IIPR has been paying quarterly dividends since Q2 2017 and reported a slight increase in net income for Q4 2023. The company owns 108 properties across the U.S. and will be a topic at the upcoming Benzinga Cannabis Capital Conference.

Portfolio Pulse from Nina Zdinjak

April 11, 2024 | 4:45 pm

ARM

Arm shares are experiencing an increase in value due to a rebound in the semiconductor sector, following a period of volatility influenced by mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:42 pm

AVGO

Broadcom shares are trading higher as tech stocks rebound following mixed inflation data, indicating a positive market response to the economic indicators.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:42 pm

ELYM

Eliem Therapeutics Inc (NASDAQ:ELYM) is acquiring Tenet Medicines Inc., shifting focus to autoimmune diseases with the development of TNT119, an anti-CD19 antibody. Eliem has halted its Kv7 program and is entering a $120 million private placement to sell 31.2 million shares at $3.84 each. The acquisition and private placement are expected to close in mid-2024, with the combined company's cash reserves projected at $210 million, anticipated to fund operations into 2027. ELYM shares surged 56.2% to $4.17.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 4:42 pm

SMCI

Super Micro Computer shares are trading higher amid strength in tech stocks following mixed inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:40 pm