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ETAO

Shares of Etao International were halted due to a circuit breaker triggered by a rapid upside movement, with the stock now showing a significant increase of 178.9%.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:04 pm

MRUS

Merus N.V. (NASDAQ:MRUS) presented preclinical data at the AACR Annual Meeting 2024 showing the efficacy of zenocutuzumab (Zeno) in cancer models with high NRG1 expression. The study demonstrated Zeno's anti-tumor activity across multiple tumor types, including significant tumor growth inhibition in 7 out of 28 patient-derived xenograft models. Zeno, a HER2 × HER3 bispecific antibody, also inhibited proliferation in specific gastric and breast cancer cell lines, as well as an NRG1-amplified lung cancer cell line.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:03 pm

NFLX

TKO

TKO Group Holdings Inc (NYSE:TKO), owner of UFC and WWE, is highlighted by Goldman Sachs for its potential growth driven by media rights, sponsorships, and live entertainment revenue. Analyst Stephen Laszczyk maintains a Buy rating with a $102 target. The partnership with Netflix for WWE Raw is seen as a game changer, offering new advertising opportunities and enhancing fan engagement. TKO's management views the Netflix deal as adding credibility to WWE, similar to UFC's boost from its ESPN deal. TKO shares rose 2% to $93.98.

Portfolio Pulse from Chris Katje

April 08, 2024 | 4:02 pm

HAL

Recent evaluations by 6 financial analysts on Halliburton (NYSE:HAL) show diverse outlooks, ranging from bullish to bearish, with a negative shift in sentiment as the average 12-month price target was decreased by 4.25% to $48.83. Halliburton, a leading oilfield service firm, has shown impressive financial performance with a revenue growth rate of 2.81%, a net margin of 11.52%, and an ROE of 7.13%. The company's debt-to-equity ratio is below the industry average, indicating a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:01 pm

BKR

Analysts have diverse views on Baker Hughes (NASDAQ:BKR), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $40.2, down from $42.50, indicating a 5.41% decrease. Analysts from firms like Susquehanna, RBC Capital, Barclays, and Citigroup have adjusted their ratings and price targets. Baker Hughes, a leader in oilfield services and equipment, has seen a 15.75% revenue growth but faces challenges in profitability and asset management.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:01 pm

AAPL

JPM

NVDA

Jamie Dimon, CEO of JPMorgan Chase & Co (NYSE:JPM), emphasized the transformative potential of AI, comparing its impact to major technological inventions like electricity. JPMorgan's strong performance, partly attributed to AI, highlights the broader benefits of AI beyond tech stocks. The article also notes positive early trade money flows in NVDA, AMZN, META, TSLA, SPY, and QQQ, with neutral flows in GOOG and MSFT, and negative in AAPL. Additionally, it mentions the buying of Bitcoin ETFs and the performance of gold and oil ETFs, GLD and USO.

Portfolio Pulse from The Arora Report

April 08, 2024 | 4:01 pm

GOLD

Financial analysts have observed a balanced mix of bullish and bearish options trading on Barrick Gold (NYSE:GOLD), with significant activity in both puts and calls. The trading suggests a predicted price range for GOLD between $13.0 and $22.0. The largest trades include both bullish and bearish sentiments, with the most notable being a bullish put sweep for a strike price of $22.00 expiring on 01/17/25. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -0.81%, with a current price of $17.72. The company's next earnings report is expected in 23 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:00 pm

RUN

On CNBC, Sunrun CEO Mary Powell discussed the company's position, trends in the solar sector, and its market share. She highlighted Sunrun's strategic initiatives and its outlook within the evolving solar energy market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:00 pm

NVDA

SSNLF

Lee Boo-jin, sister to Samsung Electronics Chairman Jay Y. Lee, is selling approximately 5.25 million shares of Samsung Electronics Co (OTC:SSNLF) in a block deal valued at around $330 million. The shares are offered at a slight discount, with investor orders already covering the sale. This follows a January sale by Lee Boo-jin and family to pay inheritance taxes. Samsung's strategic pivot to a new chip-manufacturing method aims to strengthen its AI chip sector presence, potentially impacting Nvidia Corp (NASDAQ:NVDA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 3:57 pm

ETAO

Etao International's shares have resumed trading. This development could indicate a resolution to any issues that previously halted its trading activities, potentially signaling a positive outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 3:54 pm