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CLDI

Calidi Biotherapeutics shares are trading lower following the announcement of a $6.1 million public offering.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:06 pm

BTCUSD

Crypto analyst Benjamin Cowen warns that Bitcoin's recent 16% drop, while normal, could lead to a more significant decline. He draws parallels with previous cycles, noting the breakdown of altcoin/BTC pairs as a precursor to larger drops. Cowen suggests that Bitcoin's dominance is increasing, indicating a potential halt in the altcoin rally and a market cleanse. He emphasizes the need for caution among investors as the market trends could lead to further declines.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 1:04 pm

ENVX

Enovix shares are trading higher following the completion of Factory Acceptance Testing for its Gen2 Agility Line, indicating progress in its manufacturing capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:03 pm

PACB

PacBio shares are trading lower following the company's announcement of weak guidance.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:02 pm

MCBC

WTFC

Macatawa Bank's stock is trading higher after the announcement that Wintrust Financial will acquire the company. This acquisition indicates a significant change in the ownership and future direction of Macatawa Bank, likely affecting its stock price and operational strategy.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:02 pm

FCX

QQQ

SHEL

STLD

On CNBC's 'Halftime Report Final Trades,' analysts discussed their views on Shell (SHEL), Invesco QQQ Trust (QQQ), Freeport-McMoRan (FCX), and Steel Dynamics (STLD). Shell's Q1 FY24 operational outlook showed lower LNG trading results but improved production and liquefaction volumes. Invesco QQQ Trust was mentioned as a short position. Freeport-McMoRan received an upgrade from BofA Securities and a price target increase from Scotiabank, highlighting its strong position in the copper market. Steel Dynamics is anticipated to report Q1 earnings with expectations of $3.51 per share on $4.74 billion revenue.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 1:01 pm

KR

Analyst ratings for Kroger (NYSE:KR) show a mix of bullish and bearish perspectives with a recent trend towards more positive evaluations. Over the past three months, 13 analysts have provided ratings, with a shift in sentiment observed in the last 30 days. The average 12-month price target for Kroger has risen to $58.00, indicating an 8.61% increase from the previous target of $53.40. Key analysts from firms like Wells Fargo, Exane BNP Paribas, and Telsey Advisory Group have adjusted their price targets and ratings, reflecting optimism about Kroger's market position and financial performance. Kroger's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing the company's strong market presence and financial health.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:01 pm

OKE

ONEOK (NYSE:OKE) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering views ranging from bullish to bearish. The recent updates show a positive trend in analyst sentiment, with several analysts raising their price targets. The average 12-month price target is now $81.42, up 6.88% from the previous $76.18, indicating a bullish outlook. Financial performance analysis reveals ONEOK's strong market presence and revenue growth, despite challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:00 pm

BLMH

Blüm Holdings Inc. (OTCQB:BLMH) reported a 36% decrease in 2023 revenue to $33.2 million, attributing the drop to a strategic slowdown in its distribution segment. Despite this, the company narrowed its net loss by 93% to $13.8 million from the previous year and increased its gross margin from 35% to 53%. The company also exited an unprofitable cultivation facility and became the parent company of Unrivaled Brands, Inc. Shares fell 12.36% to $0.78 after the announcement.

Portfolio Pulse from Jelena Martinovic

April 16, 2024 | 12:58 pm

SCHW

Charles Schwab Corporation (NYSE:SCHW) reported a 17% Y/Y decline in adjusted net income for Q1 2024 but exceeded revenue expectations with $4.74 billion, slightly above the consensus of $4.71 billion. The company also added 1 million new brokerage accounts, reaching a total of 35.3 million. Following the earnings announcement, analysts from JP Morgan, Barclays, B of A Securities, and Piper Sandler raised their price targets on SCHW, with varying ratings from Overweight to Underperform.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 12:58 pm