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FLNC

NVDA

PLTR

QQQM

VGT

VUG

Young investors on Reddit's r/stocks are discussing top growth stocks for 2024 and beyond, focusing on companies with promising growth trajectories. The top picks include Fluence Energy Inc (FLNC), Palantir Technologies Inc (PLTR), and NVIDIA Corp (NVDA), with additional mentions of Celsius Holdings, Inc (CELH), SoFi Technologies Inc (SOFI), and growth-focused ETFs like Vanguard Growth ETF (VUG), Vanguard Information Technology ETF (VGT), and Invesco NASDAQ 100 ETF (QQQM). These selections are based on their market leadership, innovative technology, and potential for long-term growth.

Portfolio Pulse from Surbhi Jain

April 11, 2024 | 7:12 pm

ABNB

Airbnb shares experienced a reversal, trading higher after initially dropping due to a downgrade from Needham.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 7:12 pm

NA

Nano Labs Ltd (NASDAQ:NA) shares plummeted by 55.7% to $0.86 after announcing a $5 million registered direct offering at $1.15 per share, including warrants. The offering, managed by Maxim Group LLC, is set to close around April 15. This move has significantly diluted shareholder value, leading to the stock's sharp decline.

Portfolio Pulse from Henry Khederian

April 11, 2024 | 7:11 pm

RUN

Sunrun Inc (NASDAQ:RUN) shares dropped 6% to $11.56 due to mixed inflation data affecting American producers. The Producer Price Index (PPI) did not meet expectations, causing uncertainty about interest rate cuts, while the underlying gauge showed a 2.1% year-on-year increase, the highest in nearly a year. This situation is critical for Sunrun as rising inflation and potential interest rate hikes could increase borrowing costs, making solar installations more expensive and potentially reducing demand for Sunrun's services.

Portfolio Pulse from Henry Khederian

April 11, 2024 | 7:10 pm

DNA

NVO

Ginkgo Bioworks Holdings, Inc. (NASDAQ:DNA) announced the acquisition of AgBiome's platform assets and the expansion of its strategic partnership with Novo Nordisk A/S (NYSE:NVO). The acquisition includes over 115,000 sequenced strains and over 500 million unique gene sequences. The partnership with Novo Nordisk aims to improve the manufacturing of medicines for chronic diseases, including diabetes and obesity.

Portfolio Pulse from Erica Kollmann

April 11, 2024 | 7:07 pm

APVO

Aptevo Therapeutics Inc. (NASDAQ:APVO) shares plummeted after announcing a $4.6 million public offering priced at $1.35 per share, significantly below its 200-day moving average of $16.38. The offering includes 3.4 million shares or pre-funded warrants and warrants for up to 6.8 million shares. Trading volume surged to over 3.8 million shares, far exceeding the 100-day average of 138,000 shares. The stock's current price of $0.98 represents a more than 59% decline.

Portfolio Pulse from Erica Kollmann

April 11, 2024 | 7:06 pm

NKE

Nike Inc (NYSE:NKE) shares rose after BofA Securities upgraded the stock from Neutral to Buy, raising the price target from $110 to $113. The upgrade was based on full-year earnings estimates for Nike, which have become more achievable, and the stock's valuation at a 10-year low on a price-to-earnings basis. BofA analyst Lorraine Hutchinson highlighted Nike's potential for mid single-digit revenue growth, margin expansion, and upcoming catalysts such as the company's first investor day in seven years and the Olympics. The $113 price target is based on a 1.2x multiple on 25 times forward 2026 earnings.

Portfolio Pulse from Adam Eckert

April 11, 2024 | 7:05 pm

ETN

Eaton Corp (NYSE:ETN) has seen significant options trading activity, with over 8 transactions valued at $328,355, including both calls and puts. The trading suggests investors are targeting a price range of $310.0 to $340.0 for ETN over the next three months. Notable options activity includes both bullish and bearish sentiments, with strike prices mainly between $310.00 and $320.00. Eaton Corp, a diversified power management company, has its stock currently up by 1.44% at $318.9. Analyst ratings over the past month have set an average target price of $319.4 for ETN, with varying recommendations from Underperform to Buy.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 7:01 pm

DE

Financial giants have shown a bearish stance on Deere (NYSE:DE), with options trading revealing 100% bearish sentiment. Notable trades include 6 puts and 2 calls, targeting a price range of $370.0 to $440.0. Deere's current market status shows a trading volume of 1,049,522 with a price of $411.97, and it is potentially overbought. An analyst from Truist Securities downgraded Deere to Buy with a price target of $494. The company is a leading manufacturer of agricultural equipment, with a vast dealer network.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 7:01 pm

GRTUSD

The Graph (CRYPTO: GRT) has seen a 4.79% decrease in price over the last 24 hours, continuing a negative trend with a 10% loss over the past week. The trading volume has decreased by 1%, while the circulating supply has increased by 0.11%. The Graph's market cap ranking is now #47 at $2.90 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 7:01 pm