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AAPL

The DOJ's antitrust lawsuit against Apple Inc. (AAPL) will now be overseen by Judge Julien Xavier Neals after Judge Michael E. Farbiarz stepped down due to necessary recusal, with undisclosed reasons related to potential impartiality issues. This change in judiciary oversight comes amidst Apple's strong opposition to the lawsuit, which it claims threatens its innovation capabilities. The trial will continue as planned in New Jersey, even as Apple faces increasing regulatory pressures globally.

Portfolio Pulse from Rounak Jain

April 11, 2024 | 12:44 pm

GLD

SPY

TLT

March's Producer Price Index (PPI) report showed a mixed inflation landscape, with the headline PPI year-on-year increase at 2.1%, missing expectations, while the core PPI exceeded forecasts. This has maintained market uncertainties about potential delays in interest rate cuts, affecting Treasury yields, the dollar, and investment assets like the iShares 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust (GLD), and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

April 11, 2024 | 12:42 pm

ADBE

GGME

PNQI

Adobe Inc is expanding its AI capabilities by acquiring video datasets for its text-to-video generator, competing with OpenAI's technology. Adobe is offering $120 for video submissions from its community to enhance its AI training dataset. The initiative is part of Adobe's broader strategy to integrate generative AI across its creative tools. Adobe's stock is accessible through Invesco Next Gen Media And Gaming ETF (GGME) and Invesco Nasdaq Internet ETF (PNQI), and it saw a slight decrease of 0.35% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

April 11, 2024 | 12:41 pm

FAST

IYM

TMFM

Fastenal Company (NASDAQ:FAST) shares dropped after reporting Q1 FY24 sales of $1.895 billion, missing consensus estimates of $1.914 billion. The company saw a slight increase in net daily sales and unit sales, primarily from growth with larger customers and Onsite locations. Despite a rise in digital sales, the gross margin slightly contracted, and operating income decreased. EPS was $0.52, below the expected $0.53. Operating cash flow also fell by 13.6% Y/Y. Fastenal declared a dividend of $0.39 per share. The company's outlook for 2024 remains unchanged, expecting Onsite signings and device signings within previously stated ranges. FAST shares are down 4.47% in premarket trading. Investors can also gain exposure to Fastenal through Motley Fool Mid-Cap Growth ETF (BATS:TMFM) and iShares U.S. Basic Materials ETF (NYSE:IYM).

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 12:41 pm

BRTX

DOMH

LCGMF

Insiders at Dominari Holdings, BioRestorative Therapies, and Lion Copper and Gold have recently made significant stock purchases. Dominari Holdings' President acquired shares at $2.99 each, BioRestorative Therapies' Director at $1.23 each, and Lion Copper and Gold's Director at $0.06 each. These transactions indicate insider confidence in the companies' prospects. Dominari Holdings reported a narrower quarterly loss, BioRestorative Therapies announced a partnership to accelerate a Phase 2 trial, and Lion Copper and Gold's stock has gained 6% over the past month.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:41 pm

FVRR

Fiverr's board has authorized a $100 million share repurchase program, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:39 pm

ACHR

BTU

GERN

HZO

TTD

UEC

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round,' recommending against MarineMax due to risk and Peabody Energy because of his stance on coal, while praising Trade Desk and showing interest in Uranium Energy. He was neutral on Geron Corp, citing better biotech options, and found Archer Aviation too speculative. Notable company updates include stock repurchase programs, earnings reports, and executive appointments.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:38 pm

JPM

JPMorgan Chase & Co. (JPM) is anticipated to report Q1 earnings with an increase in both earnings per share and revenue compared to the previous year. The article also explores how investors can generate monthly income from JPMorgan's dividends, detailing the number of shares needed to achieve specific monthly income targets. Additionally, it mentions the fluctuating nature of dividend yields with stock price changes and the impact of dividend payment adjustments.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:33 pm

FVRR

Fiverr has announced a new $100M share repurchase program, signaling confidence in its financial health and future prospects. This move is likely to positively impact investor sentiment and could lead to an increase in the stock price in the short term as it often indicates that the company believes its stock is undervalued.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:33 pm

AAPL

ALB

DAL

FFIV

GATO

NKE

STAA

TEAM

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Apple, Boeing, and NIKE, among others. Changes include both upgrades and downgrades, with specific adjustments to price targets. The market reactions to these updates were mixed, with most of the mentioned stocks experiencing a decline in their share prices on Wednesday.

Portfolio Pulse from Avi Kapoor

April 11, 2024 | 12:31 pm