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Stock Prices

SPOT

Ahead of its Q1 earnings release on April 23, Spotify Technology SA (NYSE:SPOT) is viewed positively by JPMorgan analyst Doug Anmuth, who raised his price target from $280 to $320. Anmuth anticipates revenue growth acceleration, margin expansion, and positive cash flow for Spotify in 2024, citing potential from podcasts and strategic initiatives. He also sees room for price increases in select markets and approves of the hiring of CFO Christian Luiga. Spotify's stock has risen 135% over the past year, with a 64% increase YTD.

Portfolio Pulse from Surbhi Jain

April 08, 2024 | 4:37 pm

SCHW

The Schwab Trading Activity Index (STAX) rose to 51.65 in March from 47.65 in February, indicating moderate market exposure among Schwab clients who favored Information Technology, Health Care, and Consumer Staples sectors. Despite mixed macroeconomic data, U.S. equity markets reached new highs, with the Nasdaq and S&P 500 soaring, while the VIX and U.S. Dollar Index remained stable. Economic indicators showed mixed signals, with jobless claims slightly higher than expected, a significant increase in nonfarm payrolls, and a rise in both CPI and PPI. Fed Chairman Powell noted a gradual decrease in inflation, but consumer confidence dipped. May Crude Oil Futures surged by 8.7%.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:33 pm

CURI

FNGR

HRYU

MDIA

TRVG

In Monday's intraday session, several Communication Services stocks experienced significant movements. Hanryu Holdings led the gainers with a 28.1% increase, while MediaCo Holding saw the largest decline at 25.8%. Other notable movers include FingerMotion, CuriosityStream, and trivago on the gainers' side, and Collective Audience, HWH International, and GD Culture Group among the losers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

ETAO

UPC

In Monday's intraday session, several healthcare stocks experienced significant movements. Etao International Co led the gainers with a 96.6% increase, while Universe Pharmaceuticals topped the losers, declining by 18.2%. Other notable movers included Longeveron, Adlai Nortye, and Onconetix on the gainers' side, and Agenus, MiNK Therapeutics, and CNS Pharma among the losers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

AWIN

DCO

EVTL

FGI

JCSE

JVSAR

NRGV

RAYA

SFWL

STI

TPCS

VSTE

In Monday's intraday session, several industrials stocks experienced significant movements. JVSPAC Acquisition Corp. - Right, Techprecision, AERWINS Technologies, Ducommun, Solidion Technology, and JE Cleantech Hldgs were among the gainers, with increases ranging from 13.04% to 34.6%. On the downside, Vast Renewables, Vertical Aerospace, Energy Vault Holdings, Shengfeng Development, Erayak Power Solution Gr, and FGI Industries saw declines between 8.92% and 17.2%.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:31 pm

WAVE

Eco Wave Power Global's shares are trading higher following the announcement that the company has been chosen by an international energy company to conduct wave energy feasibility studies along the U.S. coastline.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:30 pm

AUUD

BTOG

GCTS

In Monday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included Auddia with a 241.9% increase, and UTime, rising by 45.94%. On the downside, Bit Origin fell by 18.4%, and GCT Semiconductor Hldgs dropped by 14.47%. These movements reflect notable volatility within the IT sector, impacting the market cap of these companies.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:30 pm

ASPI

ASP Isotopes shares surged following the announcement of a $2 million contract with a U.S.-based SMR company, indicating a positive business development.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:28 pm

SEE

Sealed Air Corp (NYSE:SEE) shares increased after Truist Securities upgraded the stock from Hold to Buy, raising the price target from $39 to $44. The upgrade follows a 12% drop in SEE shares since March 28, attributed to concerns over volume headwinds and competitive pressures. Analyst Michael Roxland believes the market overreacted to Sealed Air's transitory challenges. Despite a softer U.S. cattle cycle impacting Food volumes, the segment is expected to improve in 2024, with growth in Liquibox contributing to sales.

Portfolio Pulse from Priya Nigam

April 08, 2024 | 4:28 pm

INDA

TSLA

Elon Musk has indicated that it's a natural progression for Tesla to offer its electric vehicles in India, according to Reuters. This move could significantly impact Tesla's market presence and sales growth in a new, large market.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:25 pm