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BLDP

WBAT

Ballard Power Systems, Inc. (NASDAQ:BLDP) shares are trading lower despite announcing several purchase orders for 70 FCmove-HD hydrogen fuel cell engines from Wrightbus for buses in the U.K. and Europe. Deliveries are expected in 2024 with the buses entering service in 2025. This follows the largest order in the company's history earlier this month, a Long Term Supply Agreement with Solaris Bus & Coach for 1,000 engines through 2027. Investors can also gain exposure to BLDP through the WisdomTree Trust WisdomTree Battery Value Chain And Innovation Fund (BATS:WBAT). BLDP's stock has declined over 45% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 5:47 pm

USO

The White House, through Senior Adviser John Podesta, expressed its intention to ensure the affordability of gasoline, hinting at potential releases from the Strategic Petroleum Reserve (SPR) as a measure to achieve this goal. This statement underscores the administration's focus on maintaining stable fuel prices amidst fluctuating global oil markets.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:43 pm

BTCUSD

A 10x Research report advises caution ahead of the Bitcoin halving, noting an 11% drop in Bitcoin's price over the past week. The report highlights critical stop levels for Bitcoin and suggests a potential +/-10% price movement depending on the direction of the break. It also mentions the possibility of Bitcoin miners selling $5 billion of Bitcoin inventories post-Halving, which could negatively impact altcoins.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 5:43 pm

RDDT

Reddit shares have seen an increase in trading volume and price after Deutsche Bank initiated coverage with a Buy rating and a $50 price target.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:38 pm

BLDR

EMR

NXT

SPWR

URI

ZIM

Today's session highlighted significant options activity in the Industrials sector, with notable movements in stocks like GE, BLDR, BA, ZIM, NXT, PH, GD, EMR, SPWR, and URI. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate investor expectations and potential market movements for these companies.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:35 pm

AMZN

CPNG

CZR

GPS

LEN

NKE

SBUX

TJX

TSLA

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like TSLA, AMZN, SBUX, CZR, LEN, GPS, NKE, CPNG, LI, and TJX. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:35 pm

AAPL

AMD

FTNT

HPE

IREN

MSFT

NVDA

SMCI

TSM

WDC

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating bullish or bearish sentiments based on put and call sweeps. Notable companies include AAPL, AMD, NVDA, MSFT, SMCI, FTNT, HPE, TSM, IREN, and WDC, with various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:35 pm

SPY

Fed Chair Powell indicated that if higher inflation continues, the Federal Reserve is prepared to maintain the current interest rate for as long as necessary. He emphasized that the restrictive policy requires more time to have its intended effect.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:33 pm

CGEM

Cullinan Therapeutics Inc (NASDAQ:CGEM), previously known as Cullinan Oncology Inc, is shifting its focus from oncology to autoimmune diseases, specifically targeting systemic lupus erythematosus (SLE) with its CLN-978 treatment. The company plans to submit an investigational new drug application for CLN-978 in SLE by Q3 2024 and has raised $280 million through a private placement to fund operations into 2028. William Blair initiated coverage on Cullinan with an Outperform rating and a $35-per-share fair value, highlighting the company's diversified pipeline and strategic flexibility.

Portfolio Pulse from Vandana Singh

April 16, 2024 | 5:32 pm

Over the past 5 years, Deere (NYSE:DE) has produced an average annual return of 18.41%, outperforming the market by 6.72% on an annualized basis. A $100 investment in DE 5 years ago would now be worth $232.81. Deere's market capitalization currently stands at $109.62 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:30 pm