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BTCUSD

Deutsche Bank's survey indicates a rise in positive sentiment towards cryptocurrencies among retail investors in Q1 2024, despite concerns over a potential major cryptocurrency collapse. The approval of spot Bitcoin ETFs in January 2024 has contributed to a crypto market rally. However, opinions on Bitcoin's future remain divided, with a significant portion of U.S. consumers viewing cryptocurrencies as commodities and a potential replacement for cash.

Portfolio Pulse from Khyathi Dalal

April 10, 2024 | 4:25 pm

BA

Boeing Company (NYSE:BA) shares have declined over 5% in the past five days amid new safety concerns raised by whistleblower Sam Salehpour regarding the 787 Dreamliners' fuselage sections. The U.S. Senate Permanent Subcommittee on Investigations is set to examine these claims. Analysts have adjusted their price targets, with Stifel lowering it from $270 to $260 and Morgan Stanley from $235 to $180. Despite the recent downturn, the average 12-month price target among analysts is $241.10, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:22 pm

RVMD

Revolution Medicines, Inc. (NASDAQ:RVMD) shares surged after announcing the publication of several peer-reviewed research papers on RMC-6236 and RMC-7977, showing promising preclinical and preliminary clinical data. The stock hit a new 52-week high of $37.50, trading above its 50-day moving average.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:20 pm

JPM

JPMorgan Chase & Co. (JPM) is set to release its Q1 earnings on April 12, 2024, with expectations of earnings per share at $4.15, up from $4.1 the previous year, and revenue projected at $41.96 billion, up from $39.34 billion. Chris Meredith has joined as CIO - Tax-Smart Strategies. Shares fell 0.7% to $197.15 recently. Analysts have updated their ratings and price targets, with varying degrees of optimism reflected in their assessments.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 4:16 pm

ADIL

ASTI

JAGX

MRIN

VIAO

VLD

U.S. stocks traded lower, with the Dow Jones index falling over 500 points. Energy shares fell by 0.3%, while real estate shares tumbled by 4.1%. U.S. crude oil inventories increased more than expected. Marin Software's shares jumped 146% after announcing upgrades with Microsoft Advertising. Adial Pharmaceuticals surged 66% following a positive article on AD04. Jaguar Health gained 37% after a successful stockholder meeting. VIA optronics, Ascent Solar Technologies, and Velo3D saw significant drops after various announcements.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 4:15 pm

RVMD

Revolution Medicines' stock is trading higher following the announcement of a research paper publication on RMC-6236 in Cancer Discovery.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:12 pm

BABA

TCEHY

ByteDance, the parent company of TikTok, reported a 60% increase in profit year-over-year, surpassing Chinese rivals Tencent Holdings and Alibaba Group Holding in both revenue and profit for the first time. With a revenue jump from $80 billion to $120 billion in 2023, ByteDance's growth comes amid potential U.S. bans on TikTok. The company's valuation was marked at $268 billion in December 2023, indicating strong investor confidence despite regulatory challenges in the U.S.

Portfolio Pulse from Chris Katje

April 10, 2024 | 4:12 pm

ASTI

Ascent Solar Technologies, Inc. (ASTI) shares plummeted by 50% to $0.14 after announcing a $6 million public offering at the same price per share. The offering includes prefunded warrants exercisable at $0.0001 per share, with Dawson James Securities as the placement agent. The article also provides guidance on buying ASTI stock or betting against it, noting ASTI's 52-week high of $80.00 and low of $0.13.

Portfolio Pulse from Henry Khederian

April 10, 2024 | 4:12 pm

GDRX

GoodRx Holdings Inc (NASDAQ:GDRX) received an upgrade to Overweight from Wells Fargo analyst Scott Schoenhaus, with a revised price target of $9. The upgrade is based on encouraging signs such as increased app downloads, a sequential rise in monthly active users (MAUs), and an increase in Gold subscribers. The stock was noted for trading at a discount compared to its peers and historical average, despite being a high-growth, high-margin company.

Portfolio Pulse from Priya Nigam

April 10, 2024 | 4:10 pm

BAC

TD

ZION

Shares of companies in the broader financial sector are trading lower due to overall market weakness following hotter-than-expected March inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:07 pm