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AAPL

AMZN

GOOG

Jim Cramer has expressed skepticism about the antitrust lawsuits filed against Apple, Google, and Amazon by the FTC and DOJ, suggesting that the government's motives are more about controlling these companies' power than addressing legal violations. The lawsuits accuse Amazon of using monopoly power to inflate prices, Google of abusing its dominance in search and digital advertising, and Apple of maintaining a smartphone monopoly. Despite these allegations, Cramer believes these companies have not broken any laws and criticizes the government's approach. Meanwhile, major investment banks remain optimistic about Apple's prospects.

Portfolio Pulse from Rounak Jain

March 26, 2024 | 11:31 am

BTGOF

BUG

SPRX

ZS

Zscaler, Inc. (NASDAQ:ZS) has expanded its partnership with U.K.-based BT Group Plc (OTC:BTGOF) to enhance cloud security offerings through the Zscaler AI-driven Zero Trust Exchange platform. This collaboration will also provide BT Group with security solutions for its operations, aiming to improve business agility, efficiency, resilience, and security for BT's customers. Zscaler's financial outlook includes a Q3 non-GAAP income from operations forecast of $98 million to $100 million and a net income per share of 64 to 65 cents. For fiscal year 2024, the forecast is $395 million to $400 million for non-GAAP income from operations and $2.73 to $2.77 for net income per share. ZS stock has seen over a 73% increase in the past year and is trading higher by 0.50% to $195.05 in the premarket session.

Portfolio Pulse from Nabaparna Bhattacharya

March 26, 2024 | 11:16 am

BRAG

Bragg Gaming's shares dropped following the announcement of its Q4 results, the issuance of its 2024 guidance, and the formation of a committee to evaluate strategic options.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:15 am

DOYU

DouYu Intl Hldgs shares are trading lower following the announcement of their Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:13 am

VYGR

Voyager Therapeutics' stock price increased following Guggenheim's initiation of coverage with a Buy rating and a $22 price target.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:12 am

DIA

GLD

QQQ

SPY

U.S. stock markets closed lower, with the Dow Jones, S&P 500, and Nasdaq all recording declines. Asian markets were mixed, with gains in Japan and China but losses in Australia and India. European markets were up, with increases in the STOXX 50, DAX, and CAC. Gold hit a record high, while U.S. futures indicated a positive opening. Economic data showed a slight increase in the Chicago Fed National Activity Index and a drop in new home sales.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 11:11 am

DADA

Dada Nexus shares are trading lower following the company's report of Q4 earnings per share (EPS) and revenues that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:10 am

IVVD

Invivyd's stock (IVVD) experienced a price increase following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a revised price target from $4 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:07 am

BA

GE

SPR

Boeing Company (NYSE:BA) is reportedly seeking a new CEO from outside the company to lead through its current challenges, including the 737 MAX crisis. Dave Calhoun is set to resign by the end of 2024. The search for a successor is focused on candidates who can address safety improvements, quality concerns, and rebuild trust. Potential candidates include Larry Culp of General Electric Co (NYSE:GE) and Pat Shanahan of Spirit Aerosystems Holdings Inc (NYSE:SPR). Boeing's shares rose 0.56% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 26, 2024 | 11:06 am

RDDT

Reddit shares are experiencing an increase in their trading value due to volatility following their Initial Public Offering (IPO).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 11:06 am