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TSLA

Tesla, Inc. (NASDAQ:TSLA) is facing pressure from Norwegian pension fund KLP, a significant investor, over concerns related to collective bargaining amid an ongoing labor dispute in Sweden. The dispute has drawn attention from Nordic institutional investors and has been disruptive to Tesla's operations. KLP, which owns 900,000 Tesla shares, is considering requesting Tesla's AGM to address CEO Elon Musk's stance on collective bargaining. Despite Musk's comments suggesting the issue has been resolved, the strike continues, with potential for escalation.

Portfolio Pulse from Nabaparna Bhattacharya

April 11, 2024 | 4:14 pm

JANX

Janux Therapeutics Inc (NASDAQ:JANX) shares surged following reports of potential sale discussions due to interest from larger pharmaceutical firms. The company, known for its innovative cancer treatments, has engaged a financial adviser to explore its options. This news comes after a year of significant stock performance growth and successful funding rounds, highlighting Janux's value in the pharmaceutical industry.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 4:13 pm

SNOW

Snowflake's stock price increased following Keybanc's initiation of coverage with an Overweight rating and a $185 price target.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:13 pm

DNA

Ginkgo Bioworks has seen its shares trading higher following the announcement of its acquisition of AgBiome's platform assets. This strategic move is expected to enhance Ginkgo Bioworks' capabilities and offerings in the biotech sector.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:11 pm

CMCSA

Comcast Corporation (NASDAQ:CMCSA) secured exclusive rights to stream the Philadelphia Eagles vs. Green Bay Packers game on Peacock, marking the NFL's first regular-season game in Brazil on Sept. 6, 2024. This game is part of Comcast's broader strategy to leverage NFL viewership, which has significantly benefited the company. In 2023, NFL games were a major draw, with Comcast's Peacock platform reaching 31 million subscribers and $1 billion in revenue, up 57% year-over-year, partly due to NFL and NCAA Football games. The company also plans to utilize Peacock for the 2024 Summer Olympics, aiming for further subscriber growth.

Portfolio Pulse from Chris Katje

April 11, 2024 | 4:09 pm

UNH

UnitedHealth Group Inc (NYSE:UNH) faces scrutiny over executives' stock sales totaling $101.5 million ahead of a public antitrust investigation reveal. The sales occurred after the company was allegedly notified of the DOJ probe but before it became public knowledge. Additionally, a cyberattack on UnitedHealth's Change Healthcare subsidiary has raised concerns. Despite the investigation, the trades were reportedly approved, raising questions about the approval process and potential blackout periods. The DOJ is investigating UnitedHealth's acquisitions for potential antitrust violations. UnitedHealth's stock dropped 5.2% following the investigation reports.

Portfolio Pulse from Vandana Singh

April 11, 2024 | 4:08 pm

DECK

PAMC

XMMO

Truist Securities analyst Joseph Civello downgraded Deckers Outdoor Corp (DECK) to Hold from Buy and reduced the price target to $864 from $983 due to a slowdown in Direct-to-Consumer growth for HOKA, observed through Truist Card Data. The growth forecast for this segment was lowered to 25% from about 40%, and EPS estimates for FY24, FY25, and FY26 were also reduced. Investors can gain exposure to DECK through Invesco S&P MidCap Momentum ETF (XMMO) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC). DECK shares saw a slight increase of 0.24% to $812.08.

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 4:04 pm

F

Ford has announced the commencement of shipments for its new F-150 and Ranger trucks across North America, having assembled 144,000 units in Q1. The company also plans to double the production rate of the F-150 PowerBoost Hybrid to account for 20% of all F-150 pickups in 2024.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:02 pm

AMZN

NVDA

Amazon CEO Andy Jassy emphasized the transformative potential of artificial intelligence (AI) across customer experiences, highlighting Amazon's deep involvement in every layer of the generative AI stack. The company's significant investments in AI startup Anthropic and the development of its own large language models, alongside custom silicon chips for AI computations, position Amazon as a key player in the AI space. Jassy's comments were made during a CNBC interview and in his annual shareholder letter, focusing on Amazon's AI initiatives and partnerships.

Portfolio Pulse from Adam Eckert

April 11, 2024 | 4:02 pm

SPY

Fed's Collins remarks on the economy's resilience and the current state of inflation suggest that the Federal Reserve's policy is well-positioned, despite the strong job market and recent inflation data. The economy's strength indicates that the Fed's policy might not be as restrictive as previously thought, reducing the urgency for rate cuts. However, Collins expects that it may take longer to bring inflation back to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 4:02 pm