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DOGEUSD

Dogecoin (DOGE) experienced a 6% increase over the past week, with a video hinting at DOGE payments on X and suggestions from an analyst to short DOGE between $0.18 and $0.20. The video featured Elon Musk and implied the integration of Dogecoin as a payment method on X, Tesla, and SpaceX. However, analyst CrediBULL Crypto plans to short Dogecoin, predicting a drop to $0.04 to $0.05 as Bitcoin approaches $100,000. DOGE's large transaction volume and daily active addresses have also seen significant increases.

Portfolio Pulse from Khyathi Dalal

April 23, 2024 | 6:24 pm

PM

Philip Morris shares are trading higher following the announcement of better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:13 pm

META

Meta Platforms Inc (NASDAQ:META) is set to report its Q1 earnings with high expectations from analysts, projecting a significant year-over-year revenue and EPS increase. Analysts anticipate a challenging quarter ahead due to tougher YoY comparisons, European regulations, and the impact of China-based advertisers. The company's advancements in AI and potential for a 'first mover advantage' in generative AI are highlighted as key factors to watch. Shares of META have seen a substantial increase, up over 130% in the last year.

Portfolio Pulse from Chris Katje

April 23, 2024 | 6:13 pm

KLAC

KLA Corporation's stock (KLAC) is trading higher following Citigroup's decision to maintain a Buy rating and increase the price target from $700 to $725.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:12 pm

HCP

IBM

The Wall Street Journal reports that IBM is close to finalizing a deal to acquire HashiCorp, a cloud software provider, potentially valuing the company at a premium to its current market value of $4.9 billion. This acquisition aligns with IBM's strategy to strengthen its cloud offerings.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:10 pm

HCP

HashiCorp's stock was halted due to a circuit breaker trigger after it surged 7.41% to the upside. This significant price movement indicates a strong investor interest or market reaction to company-specific news or broader market trends.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:08 pm

SPOT

Spotify Technology SA (NYSE:SPOT) reported a strong fiscal first-quarter 2024 with a 20% year-on-year revenue growth to $3.95 billion, surpassing the consensus of $3.85 billion. EPS was $1.05, beating the consensus of $0.70. Goldman Sachs analyst Eric Sheridan maintains a Neutral rating on SPOT with a price target of $277. The positive earnings report and forward-looking commentary, along with improvements in gross and operating margins driven by music and podcast trends, led to a 14.74% increase in SPOT shares to $312.31.

Portfolio Pulse from Anusuya Lahiri

April 23, 2024 | 6:08 pm