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ALB

Albemarle (NYSE:ALB), a leading lithium producer, has been analyzed by 17 analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $141.29, down from $158.47, with actions ranging from rating raises to lowers. Albemarle's financial overview indicates challenges with a -10.1% revenue growth, a net margin of -26.22%, and an ROE of -6.4%, suggesting potential short-term stock pressure.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 12:00 pm

ADIL

Adial Pharmaceuticals Inc (NASDAQ:ADIL) announced positive clinical results for AD04, its lead investigational drug for Alcohol Use Disorder (AUD), showing a strong safety profile, high patient compliance, and no significant adverse effects. The study compared AD04's liver safety profile to a placebo in subjects with AUD, revealing no significant changes in liver injury markers. Additionally, ADIL received a U.S. patent in February for AD04 targeting the serotonin transporter gene for opioid use disorder treatment.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 12:00 pm

VWAGY

Volkswagen AG (OTC:VWAGY) reported a 3% increase in Q1 FY24 deliveries, totaling 2.10 million vehicles, driven by growth in China, South America, and North America. Despite a 4% increase in combustion engine vehicle deliveries, all-electric vehicle (BEV) deliveries fell by over 3%, with a significant drop in Europe but a surge in China. The BEV order bank grew by 154% year-over-year. Audi and Porsche deliveries also declined. VWAGY shares dropped by 0.44% to close at $15.98.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 11:58 am

CAVA

Argus Research analyst Christine Dooley upgraded Cava Group (NYSE:CAVA) from Hold to Buy and set a price target of $70.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:44 am

PLTR

ROKU

TDOC

Cathie Wood's Ark Invest made significant purchases in Roku, Palantir, and Teladoc Health, reflecting a strategic investment across technology and healthcare sectors. Ark's ETFs, including ARKK and ARKW, bought shares in Roku, making it the third biggest holding in ARKK. ARKX acquired shares in Palantir, notable against the backdrop of selling Nvidia shares. Additionally, Ark increased its stake in Teladoc through multiple ETFs, amidst cautious analyst expectations for Teladoc's upcoming earnings.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 11:39 am

BABA

CGRO

PDD

PGJ

Alibaba Group Holding Limited (NYSE:BABA) is undergoing significant restructuring under Jack Ma's guidance, aiming to rejuvenate the company. Ma's support and positive remarks on an internal forum, contrasting his previous critique, have boosted employee morale and the stock price. Alibaba is also expanding its global presence through AliExpress with a '10 billion yuan of subsidies' campaign to attract Chinese brands and merchants. Despite a 26% stock plunge over the last 12 months, BABA shares rose 2.86% in premarket trading. Investors can also gain exposure through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and Tidal Trust II CoreValues Alpha Greater China Growth ETF (NYSE:CGRO).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 11:39 am

DAL

Delta Air Lines Inc (DAL) shares rose ~4% in premarket trading after reporting strong Q1 2024 results, with an 8% YoY increase in operating revenue to $13.748 billion and adjusted EPS of $0.45, surpassing consensus estimates. The company also highlighted a decrease in adjusted average fuel price by 10% YoY and a commitment to debt reduction, planning to repay at least $4 billion this year. Delta expects Q2 2024 revenue growth of 5%-7% and reiterates its 2024 outlook with an EPS of $6-$7.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 11:38 am

MCHI

Fitch Ratings has downgraded China's sovereign credit outlook to negative from stable, maintaining an 'A+' rating, due to concerns over the nation's public finances amid economic uncertainties. This follows a similar action by Moody's in December. China's government debt is expected to rise significantly, with projections showing an increase to 61.3% of GDP in 2024 from 56.1% in 2023. Despite signs of economic recovery, Fitch warns of broad fiscal deficits and escalating government debt. The iShares MSCI China ETF (MCHI) saw a slight increase of 0.90% to close at $40.50.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 11:35 am

THTX

Theratechnologies (NASDAQ:THTX) reported Q1 EPS of $(0.10), beating the $(0.12) estimate, but missed sales estimates with $16.25M against the expected $20.10M. This represents a 77.27% increase in EPS and an 18.39% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 11:33 am

AAPL

AMZN

MSFT

VGT

XLK

Apple Inc (NASDAQ:AAPL) is expanding its presence in Miami with a new 45,000 square feet office space in Coral Gables, focusing on Latin America and advertising. This move follows other tech giants like Amazon.com Inc (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) in expanding their footprint in South Florida. Apple's stock has seen a 5% increase over the last 12 months, and its expansion could signal further growth, especially in the Latin American market. Investors can also gain exposure to Apple through ETFs like Vanguard Information Tech ETF (NYSE:VGT) and SPDR Select Sector Fund - Technology (NYSE:XLK).

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 11:32 am