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DOC

B of A Securities analyst Joshua Dennerlein upgraded Healthpeak Properties (NYSE:DOC) from Underperform to Buy and increased the price target from $18 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:02 am

Li Auto reported a 39.2% year-over-year increase in March vehicle deliveries, totaling 28,984 units, causing its shares to trade higher.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 11:00 am

XPEV

XPeng Inc (NYSE:XPEV) shares are up in Monday's premarket session following a report of significant sales growth. In March 2024, XPeng delivered 9,026 Smart EVs, marking a 99% increase over the previous month and a 29% year-over-year increase. The XPENG X9 remained the top-selling all-electric MPV in China. For Q1 2024, the company delivered 21,821 Smart EVs, a 20% increase from the previous year. XPeng also announced strategic partnerships in Thailand, Singapore, and Malaysia, and entered the German market with two Smart EV models. These moves are part of XPeng's plan to expand globally.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 10:45 am

MMM

SOLV

3M has successfully completed the spin-off of its health care business, resulting in the launch of Solventum Corporation as an independent entity. Solventum is now publicly traded on the New York Stock Exchange under the ticker symbol SOLV.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:36 am

Li Auto Inc (NASDAQ:LI) shares surged after reporting a 39.2% year-over-year increase in March 2024 vehicle deliveries, totaling 28,984 units. This boost contributed to a 52.9% rise in first-quarter deliveries to 80,400, surpassing the company's revised forecast of 76,000-78,000 vehicles. Li Auto has now delivered over 700,000 vehicles cumulatively, marking a significant milestone for the Chinese new energy automaker. The company's expansive retail and service network supports its growth.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 10:31 am

AAPL

BBY

DKS

LEN

MSFT

TOL

Jim Cramer emphasized the importance of share count reduction in driving stock performance, noting that over half of the S&P 500 stocks reaching new 52-week highs in Q1 benefited from this strategy. He highlighted companies across housing, retail, and technology sectors, including Lennar, Toll Brothers, Best Buy, Dick's Sporting Goods, Apple, and Microsoft, as examples of firms that have significantly reduced their share counts since 2019. This trend is seen as a positive indicator for the S&P 500, which is predicted to surge by 15% by the end of 2024.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 10:23 am

AMZN

CRM

FTEC

MSFT

XLK

Microsoft Corp has decided to sell its Teams application separately from its Office suite globally to address antitrust concerns, following a similar move in Europe six months earlier. This decision comes after an investigation by the European Commission, triggered by a complaint from Slack, owned by Salesforce Inc. Despite these changes, Microsoft may still face EU antitrust charges related to pricing and interoperability issues. Microsoft is also engaging with CISPE, including Amazon.Com Inc, to address a complaint about its cloud computing licensing practices. The stock has gained over 46% in the last 12 months, with exposure available through SPDR Select Sector Fund – Technology and Fidelity MSCI Information Technology Index ETF.

Portfolio Pulse from Anusuya Lahiri

April 01, 2024 | 10:17 am

GUTS

Fractyl Health's stock price increased following the FDA's IDE approval for its Revita Remain-1 study, aimed at treating obesity in patients who have stopped responding to GLP-1 based drugs.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:15 am

TSQ

Townsquare Media, Inc. (TSQ) announced the repurchase and retirement of 1.5 million shares of Class A common stock from MSG National Properties, LLC at $9.76 per share, an 11% discount from the closing price on March 28, 2024. This follows previous repurchases in June 2023 and March 2021. The $14.6 million purchase was funded with cash on hand. Townsquare's Cash Flow from Operations increased 35% year-over-year to $68 million in 2023, with the transaction increasing Cash Flow per share to approximately $4.47, a 10% accretion. Post-transaction, the company has 15.2 million shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 10:05 am

TSLA

Tesla, Inc. (NASDAQ: TSLA) is expected to report a year-over-year decline in Q1 deliveries, the first since 2020, despite significant price cuts and incentives. Future Fund's Gary Black anticipates a weak number but suggests the stock could rally if deliveries exceed last year's, despite falling short of Wall Street's expectations. Tesla shares have dropped 29% year-to-date but rose 1.10% in premarket trading.

Portfolio Pulse from Shanthi Rexaline

April 01, 2024 | 9:52 am