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Stock Prices

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped after announcing price cuts in the U.S., Germany, and China, amid concerns over slowing demand and ahead of its earnings report. The company reduced prices for its Model Y, X, S vehicles, and Full Self-Driving software in the U.S., with similar cuts in other major markets. This follows a recent stock slide due to reports of workforce layoffs and delivery delays for the Cybertruck. Analysts are wary of Tesla's upcoming earnings, with predictions of weak results and potential negative free cash flow.

Portfolio Pulse from Adam Eckert

April 22, 2024 | 1:31 pm

RMD

ResMed shares are trading higher after experiencing a decline last week due to sleep apnea data released by Lilly.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:29 pm

CRM

INFA

Salesforce Inc (NYSE:CRM) and Informatica Inc (NYSE:INFA) ended acquisition talks without reaching an agreement, impacting their stock prices. Informatica's stock declined, while Salesforce's stock increased. The talks, if successful, could have marked one of Salesforce's largest acquisitions. Informatica's stock price dropped to $35.19 from $38.48 since the talks were revealed, valuing the company at about $11.2 billion. Salesforce, facing criticism from activist investors, has seen its acquisition strategy scrutinized. Informatica's stock has gained over 127% in the last 12 months, while Salesforce's stock has gained 39%.

Portfolio Pulse from Anusuya Lahiri

April 22, 2024 | 1:27 pm

ABAT

American Battery Technology Company (ABTC), listed as ABAT on NASDAQ, has announced the commissioning of its pilot plant for producing battery grade lithium hydroxide from Nevada claystone, marking a significant step in commercializing its unique lithium extraction process. Supported by a U.S. Department of Energy grant, the plant demonstrates ABTC's capability to produce lithium hydroxide for strategic customers. ABTC plans to expand this technology with a commercial-scale refinery, also supported by a DOE grant, and is advancing its battery recycling technologies.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:21 pm

CLSK

MARA

RIOT

Bitcoin mining stocks such as Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) saw an increase in their share prices following the latest Bitcoin halving event, which reduced miner rewards and is expected to lead to industry consolidation. JPMorgan analyst Reginald Smith views the halving as a positive for strong operators in the long term.

Portfolio Pulse from Adam Eckert

April 22, 2024 | 1:18 pm

AAPL

AMZN

DJT

META

NVDA

QQQ

SMCI

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:17 pm

EDBL

Edible Garden AG Incorporated (EDBL) announced it has regained compliance with Nasdaq's minimum bid price requirement, emphasizing the importance of its Nasdaq listing for credibility and visibility. The company remains optimistic about its future, highlighting its expanding retail network, diverse product line, and strict cost management as foundations for accelerated revenue growth and a strategy to become cash flow positive.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:16 pm

NIVF

NewGenIvf Group Limited (NIVF) shares are trading higher following the announcement of a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings. This strategic move could significantly impact NIVF's market position and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:13 pm

MSFT

SPY

TSLA

Bitcoin transaction fees have reached a 5-year low post-halving, while US stocks anticipate a rise due to Big Tech earnings. The US political landscape is heated with discussions on TikTok bans and support for Israel. Globally, tensions rise with military spending and diplomatic efforts. The NYSE considers 24/7 trading, and tech giants like Microsoft and Meta are in focus. The EV market sees Tesla at 15-month lows and discussions on pricing strategies. Express files for bankruptcy, and TikTok faces regulatory challenges. Quanex acquires Tyman, and Plus Therapeutics receives a grant from the US Department of Defense. Blackstone bids for Hipgnosis, and Elon Musk predicts home robots for every American household.

Portfolio Pulse from Akanksha Bakshi

April 22, 2024 | 1:12 pm

CAH

UNH

Cardinal Health, Inc. (NYSE:CAH) announced it will not renew its pharmaceutical distribution contracts with OptumRx, a subsidiary of UnitedHealth Group Inc (NYSE:UNH), expiring end of June 2024. Despite this, Cardinal Health reaffirmed its fiscal 2024 EPS guidance and long-term profit growth targets. Sales to OptumRx accounted for 16% of Cardinal's revenue in fiscal 2023, with the majority being non-specialty bulk shipments. The company expects to offset the OptumRx impact through new customer wins and specialty growth, aiming for an average adjusted free cash flow of $2 billion from fiscal 2024 to 2026. CAH shares dropped 4.32% in premarket trading following the announcement.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 1:10 pm