GD Culture Group Stock (NASDAQ:GDC), Trade Ideas

GD Culture Group

GD Culture Group Ltd focuses its business on three segments mainly through the Company and two subsidiaries. 1) AI-driven digital human creation and customization; 2) Live streaming and e-commerce and 3) Live streaming interactive game. The company has relentlessly been focusing on serving its customers and creating value for them through the continual innovation and optimization of its products and services. For the AI-driven digital human creation and customization sector, the Company uses AI algorithms and software to generate realistic 3D or 2D digital human models. AI algorithms and machine learning models are used to simulate human characteristics, such as facial expressions, body movements, and even speech patterns.

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Shares of Agenus Inc. (NASDAQ: AGEN) fell sharply during Monday’s session.

Agenus disclosed a 1-for-20 reverse stock split of common stock.

Agenus Inc. (NASDAQ: AGEN) declined 17% to $0.4181 on Monday.

Why Agenus Shares Are Trading Lower By Around 17%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

GD Culture Group Ltd

Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) recent halving event could lead to a scenario where demand for the cryptocurrency surpasses its supply by up to five times, as per a fresh analysis by Bitfinex.
What Happened: Bitfinex&#8217;s analysts have suggested that the halving of Bitcoin&#8217;s mining rewards might lower the total value of new coins entering the market each day to around $30 million, CoinDesk <a href="https://www.coindesk.com/markets/2024/04/23/bitcoins-post-halving-demand-to-be-5x-greater-than-supply-bitfinex-estimates/">reported</a> on Tuesday. This is five times less than the daily average demand for U.S. spot ETFs.
&#8220;With the daily issuance rate declining post-halving, we estimate that the new supply added to the market (new BTC mined) would amount to approximately $40-$50 million in USD-notional terms based on issuance trends,&#8221; the Bitfinex analysts stated.
Post-halving, the total number of new coins added to the supply daily has dropped to 450 BTC (nearly $30 million) from the pre-halving four-year average of around 900 BTC, according to data from Glassnode.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38346512/benzinga-bulls-and-bears-tesla-draftkings-broadcom-and-trader-says-buy-dogecoin-in-high-10?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Draftkings, Broadcom And Trader Says Buy Dogecoin In High 10 Cents: Benzinga Bulls And Bears</a>
Bitfinex also observed that investors are increasingly opting to take direct custody of their coins, which further weakens the market&#8217;s supply side.
&#8220;Current on-chain data indicates that Bitcoin exchange outflows are reaching peaks not seen since January 2023, suggesting that many investors are moving their holdings to cold storage in anticipation of price increases&#8221; the analysts said.
At the time of reporting, Bitcoin was trading at $66,548.30, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Why It Matters: The <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38345043/bitcoin-shrugs-off-fourth-halving-miner-rewards-halved-price-holds-strong">recent halving event,</a> which saw the reward for mining a block drop from 6.25 BTC to 3.125 BTC, is a programmed process in the Bitcoin protocol designed to manage scarcity and regulate the inflationary supply of Bitcoin. This process effectively slows down the rate at which new Bitcoin is created.
Following the halving, Bitcoin transaction fees have significantly decreased, <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38348912/bitcoin-transaction-fees-dive-to-5-year-low-following-halving">reaching a five-year low</a>. This drop comes despite the launch of the Runes token standard, which initially caused a surge in transaction costs.
Furthermore, Cathie Wood's Ark Invest has suggested that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372445/cathie-woods-ark-invest-says-bitcoin-could-be-priming-for-over-3-000-rally-over-nex">Bitcoin could be primed for a rally </a>of over 3,000% over the next 12 months, as the cryptocurrency becomes less inflationary than gold following the halving.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38349928/melania-trump-launches-245-customizable-mothers-day-necklace-buyers-to-also-get-limited-ed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Melania Trump Launches $245 Customizable Mother&#8217;s Day Necklace, Buyers To Also Get Limited-Edition Solana</a>
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

Bitcoin's Demand Set To Outpace Supply By Fivefold After Recent Halving: Bitfinex Analysis

Fiserv,&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>)&nbsp;reported&nbsp;fiscal first-quarter results, with revenue increasing by 7%&nbsp;Y/Y&nbsp;to $4.88 billion, beating the consensus of $4.57 billion. Adjusted revenue increased&nbsp;7%&nbsp;Y/Y&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38375134/fiserv-reports-first-quarter-2024-results" rel="noreferrer noopener">to $4.54 billion</a>.&nbsp;
Adjusted EPS of $1.88 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $1.79</a>.&nbsp;This&nbsp;is a 19% increase over $1.91 from&nbsp;the same period&nbsp;last year.&nbsp;The&nbsp;stock price gained after the print.
Organic revenue grew 20%, led by 23% growth in the Merchant Solutions segment and 5% in the Financial Solutions segment.
The adjusted operating margin increased by 180 bps Y/Y to 35.8%.&nbsp;Adjusted operating margin increased 440 basis points Y/Y to 34.1% in the Merchant Solutions segment and 160 basis points Y/Y to 44.1% in the Financial Solutions segment.
 &#8220;This proven model, along with our strong first quarter results, led us to raise our 2024 adjusted earnings per share outlook for the full year,&#8221; Frank Bisignano, chairman, president and chief executive officer of Fiserv said.
FY24 Outlook:&nbsp;Fiserv&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36953903/whats-going-on-with-fiserv-stock-tuesday" rel="noreferrer noopener">reiterated organic revenue</a>&nbsp;growth of 15%-17% and raised adjusted EPS outlook to $8.60 &#8211; $8.75 (prior $8.55 &#8211; $8.70), representing&nbsp;growth of 14%-16% Y/Y versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$8.63 consensus</a>.
Fiserv stock has gained 27% in the last 12 months. 
Price Action: FI shares were up 5.6% at $157.17 at last check Tuesday.
Photo: Shutterstock

Earnings

Guidance

Fiserv Reports 'Strong First Quarter Results,' Raises Full-Year Outlook

Verizon shares are trading higher following Monday's earnings report.

JMP Securities analyst Aaron Hecht reiterates Sun Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>) with a Market Outperform and maintains $150 price target.

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JMP Securities Reiterates Market Outperform on Sun Communities, Maintains $150 Price Target

Innocan Pharma Corporation (CSE:<a class="ticker" href="https://www.benzinga.com/stock/INNO#CSE">INNO</a>) (FSE: IP4) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/INNPF#OTCQB">INNPF</a>) announced on Monday that it has submitted its letter of application for a Pre-IND meeting with the U.S. Food and Drug Administration (FDA), for its Liposome-Cannabidiol (LPT-CBD) injectable treatment of chronic pain.
With the move, the company initiated the regulatory process with the FDA for the approval of its prolonged CBD release technology for human use.
<h3 class="wp-block-heading">Why It Matters</h3>
"Innocan&#8217;s therapy has shown consistent efficacy in multiple pre-clinical trials in recent years of its LPT-CBD injectable treatment through prolonged and controlled release of CBD in animals with chronic pain conditions," the company said in a press release.
Iris Bincovich, CEO of Innocan, explained what the move means for Innocan.
"This is a key milestone for Innocan and marks our first step towards the FDA&#8217;s recognition of our technology," Bincovich said. "We see significant potential for our therapy, with an addressable market for pain management therapeutics expected to exceed US $100 billion by 2032, and we look forward to tapping that.&#8221;
Meanwhile, the innovative treatment is an alternative to opioid-based approaches to treating chronic pain.
In a recently published groundbreaking study, researchers weighed the pain-alleviating potential of medical marijuana versus opioids, showing that cannabis is similarly effective as opioids and traditional pain meds <a href="https://www.benzinga.com/markets/cannabis/24/01/36578723/huge-study-reveals-cannabis-provides-similar-pain-relief-benefits-as-opioids-without-negative-co">for the treatment of non-cancer pain.</a>
See also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37941713/cbd-a-potent-alternative-for-dental-pain-management-says-study">CBD A Potent Alternative For Dental Pain Management, Says Study</a>
Moreover, many people are struggling with opioid use disorder (OUD). Fentanyl, an opioid used as a pain medication, is considered dangerous, addictive and one of the reasons why rates of drug overdose deaths are skyrocketing.
According to CDC <a href="https://www.cdc.gov/opioids/basics/fentanyl.html">data</a>, overdose deaths caused by synthetic opioids other than methadone, including fentanyl and fentanyl analogs, <a href="https://www.benzinga.com/markets/cannabis/22/12/30022658/this-new-fentanyl-overdose-reversal-drug-is-stronger-than-narcan-heres-why">increased by over 56% from 2019 to 2020.</a>
<h3 class="wp-block-heading">What's Next</h3>
Innocan said at the Pre-IND meeting that it will focus on obtaining guidance from the FDA on the preclinical and clinical development plan thus enabling the initiation of an Investigational New Drug (IND) program in the country.
"We believe that Innocan&#8217;s unique treatment method, if and when it should become FDA-approved has the potential of being a highly valuable non-opioid addition in the medical arsenal of the management of chronic pain,&#8221; said Dr. Joseph Pergolizzi, Innocan&#8217;s FDA advisory board member.
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/02/37104612/cbd-focused-pharma-co-innocan-reveals-433-yoy-increase-in-2023-revenue-as-it-pursues-fda-approva">CBD-Focused Pharma Co. Innocan Reveals 433% YoY Increase In 2023 Revenue As It Pursues FDA Approval</a>

Cannabis

Health Care

CSE:INNO

INNO

INNPF

This Pharma Co. Kicks Off FDA Approval Process For CBD-Based Treatment Of Chronic Pain

<ul>
<li>GSK has selected the first two programs to advance following achievement of target validation, marking transition to next phase of research collaboration; programs utilize Wave&#39;s next generation GalNAc-siRNA format with potential for best-in-class potency and durability</li>
<li>GSK collaboration continues to span all Wave modalities, including RNA editing, with target validation ongoing in multiple therapy areas</li>
<li>Wave is on track to initiate a clinical trial of its wholly owned INHBE program for obesity in 1Q 2025, which also uses the company&#39;s next generation siRNA</li>
</ul>

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As Part Of Wave Life Sciences' Ongoing Collaboration With GSK, GSK Has Selected Its First Two Oligonucleotide Programs, GSK Will Provide An Initiation Payment Of $12M

The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest <a href="https://www.benzinga.com/topic/economics">expansion since December 2023.</a>
A positive takeaway from the flash Purchasing Managers Index (PMI) surveys released Tuesday by S&amp;P Global is the welcome moderation in the rates of increase for selling prices in both goods and services observed in April.
<h3 class="wp-block-heading">Global&#8217;s Flash PMIs For April 2024: Key Takeaways</h3>
<ul>
<li>The U.S. Composite PMI decelerated from 52.1 to 50.9, marking a four-month low. Nevertheless, April signaled the 15th consecutive month of output increase. </li>
<li>The U.S. Services PMI fell from 51.7 to 50.9, missing expectations of a rise to 52, marking a five-month low. </li>
<li>The U.S. Manufacturing PMI fell from 51.9 to 49.9, falling short of the 52 forecasted, hitting a four-month low. </li>
<li>Output growth moderated in accordance with weakened demand as new orders decreased for the first time in six months.</li>
<li>Companies reduced employment for the first time in nearly four years, while business confidence also declined to its lowest level since last November.</li>
<li>Inflation rates generally eased at the beginning of the second quarter, with both input costs and output prices rising at a slower pace overall. Manufacturing input cost inflation reached a one-year high.</li>
</ul>
<h3 class="wp-block-heading">Economist Reactions</h3>
&#8220;The US economic upturn lost momentum at the start of the second quarter,&#8221; said Chris Williamson, chief business economist at S&amp;P Global Market Intelligence. 
&#8220;Further pace may be lost in the coming months, as April saw inflows of new business fall for the first time in six months and firms' future output expectations slipped to a five-month low amid heightened concern about the outlook,&#8221; he added. 
Tougher business conditions led companies to reduce their workforce at a rate not seen since the global financial crisis, excluding the early pandemic lockdown months, he said.
Lower demand and a cooling labor market resulted in reduced price pressures, with April showing a welcome slowdown in the rate of price increases for both goods and services.
Notably, the drivers of inflation have changed. Manufacturing has now registered the steeper rate of price increases in three of the past four months, with factory cost pressures intensifying in April amid higher raw material and fuel prices, contrasting with the wage-related, services-led price pressures seen throughout much of 2023," Williamson stated. 
<h3 class="wp-block-heading">Market Reactions</h3>
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), fell 0.4%, hit by the decline in Treasury yields. 
The yield in the policy-sensitive two-year Treasury note softened by 5 basis points to 4.94%.
Stocks positively reacted, with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) up 0.8% in early trading Tuesday. 
Tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), outperformed, up 1%. 
Gold witnessed a rebound of 0.4% after closing Monday its <a href="https://www.benzinga.com/news/large-cap/24/04/38364875/geopolitical-relief-triggers-gold-selloff-prices-dip-below-2-350-mark-mining-stocks-hit-hard">worst-performing day in years.</a> 
Read now: <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">US Mulls Sanctions On Beijing Banks For Alleged Role In Putin&#8217;s War In Ukraine: &#8216;China Can&#8217;t Have It Both Ways,&#8217; Blinken Says</a>
Photo via Shutterstock.

Macro Notification

Broad U.S. Equity ETFs

Treasuries

Econ #s

Economics

ETFs

PowerShares DB US Dollar Index Bullish Fund

US Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'

The U.S. Supreme Court is set to hear a challenge from Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) against the National Labor Relations Board&#8217;s decision to reinstate fired baristas who were organizing a union.
What Happened: The case stems from a 2022 incident where Starbucks fired seven baristas from a Memphis coffeehouse for violating company policy by inviting a TV news crew into the store after hours, The Washington Post <a href="https://www.washingtonpost.com/business/2024/04/23/starbucks-union-supreme-court/">reported</a> on Monday. The workers claimed they were fired for their union activities, a claim the National Labor Relations Board (NLRB) agreed with. 
A federal judge approved the NLRB&#8217;s request for an order to reinstate the workers, a decision upheld by an appeals court.
The case arrives at the Supreme Court amid ongoing negotiations between Starbucks and the local union, to withdraw ongoing litigation. However, Starbucks is disputing the standard used by federal judges to determine whether workers should be reinstated when requested by the NLRB.
The Supreme Court&#8217;s decision could potentially impact labor organizing across the country. Experts fear a ruling against the NLRB could weaken labor organizing in other scenarios. 
&#8220;This could have a substantial impact,&#8221; said James Cooney, a labor studies professor at Rutgers University.
&#8220;If a stricter standard is adopted by the Supreme Court, it&#8217;ll be more difficult for the labor board to maintain the status quo for workers during an organizing drive.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38349807/bitcoin-signals-potential-67-gain-as-this-key-metric-dips-below-90-day-average-analyst-say?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Signals Potential 67% Gain As This Key Metric Dips Below 90-Day Average: Analyst Says &#8216;Perfect Ti</a>
Why It Matters: This case comes after a series of labor disputes at Starbucks. In November, the Workers United union <a href="https://www.benzinga.com/markets/equities/23/11/35771946/starbucks-faces-employee-walkout-at-hundreds-of-stores-on-red-cup-day-report">announced a strike involving thousands of employees </a>at numerous Starbucks locations on the company&#8217;s Red Cup day, a key promotional event during the holiday season and called for better pay, staffing, and schedules.
In December, Starbucks <a href="https://www.benzinga.com/markets/equities/23/12/36158710/starbucks-reportedly-reaches-out-to-union-a-fresh-start-for-worker-relations-in-new-year">reached out to the union representing hundreds of its stores</a> in the U.S. to improve its strained association with some of its frontline workers. The union represents over 9,000 Starbucks workers at about 360 U.S. stores. There had been over five months of inactivity in contract bargaining from the Workers United union.
In March, the Strategic Organizing Center (SOC), a shareholder of Starbucks, <a href="https://www.benzinga.com/markets/equities/24/03/37486213/coffeehouse-compromise-starbucks-shareholder-soc-pulls-director-nominations-amid-breakthrough-in">withdrew its director nominations,</a> believing that the recent agreement reached by Starbucks and Workers United represents meaningful progress that will benefit all stakeholders. The SOC started its campaign for change at Starbucks last November, believing that the company's response to its employees' attempts to unionize was misguided.
Price Action: On Tuesday, Starbucks shares were trading at 88.20, indicating a 0.023% increase as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38346938/trump-is-a-force-of-nature-reince-priebus-has-raised-70m-for-gop-convention-despite-being-pushed?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Trump Is A Force of Nature&#8217;: Reince Priebus Has Raised $70M For GOP Convention Despite Being Pushed Out</a>
Photo by Manu Padilla on Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Equities

SBUX

US Supreme Court To Weigh Starbucks Challenge Over Fired Baristas

WIIM

PepsiCo shares are trading lower following Q1 earnings.

CZOO

Cazoo Group Shares Resume Trade

Coinbase shares are trading higher as crypto stocks gain following the Bitcoin halving.

Philip Morris International Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) reported first-quarter FY24 sales growth of 9.7% year-on-year to $8.793 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38374936/philip-morris-international-reports-first-quarter-2024-results-and-updates-full-year-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of $8.468 billion</a>.
The smoke-free business accounted for 39% of the company's total net revenues.
Cigarette and Heated Tobacco unit (HTU) shipment volume in first-quarter grew by 3.1% Y/Y, reflecting growth of 20.9% for HTUs and a decline of 0.4% for cigarettes.
Adjusted EPS of $1.50 <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beat the consensus estimate of $1.41.</a>
Marlboro&nbsp;cigarette shipment volume increased by 1.7% to 56.9 billion units. Revenue from smoke-free products increased 21.1% Y/Y to $3.4 billion.
Adjusted operating margin for the quarter expanded from 37.3% to 38.2%, with $3.36 billion in adjusted operating income.
The company held $3.9 billion in cash and equivalents as of March-end.
Jacek Olczak, Chief Executive Officer, said, &#8220;We are executing efficiently and effectively in a dynamic operating environment of geopolitical and economic tensions that accentuate currency volatility. We are doing our utmost to mitigate these challenges and deliver robust growth and value creation.&#8221;
Outlook: Philip Morris cuts FY24 adjusted EPS outlook to $6.19 &#8211; $6.31&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37015597/why-is-philip-morris-stock-falling-today" rel="noreferrer noopener">from&nbsp;$6.32-$6.44</a>&nbsp;versus an estimate of $6.35.
It raised FY24 organic revenue growth guidance to 7% &#8211; 8.5% from 6.5% &#8211; 8%.
Philip Morris sees second-quarter adjusted EPS of $1.50 &#8211; $1.55 against an&nbsp;estimate of&nbsp;$1.63.
Price Action: PM shares are trading higher by 2.98% at $96.86 at the last check Tuesday.
Image by svklimkin from Pixabay

Why Is Marlboro Maker Philip Morris Stock Shooting Higher Today?

JP Morgan analyst Jeremy Tonet maintains PG&amp;E (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) with a Neutral and raises the price target from $18 to $19.

JP Morgan Maintains Neutral on PG&E, Raises Price Target to $19

MANH

Manhattan Associates Selects TeamViewer As Strategic Partner For Warehouse Vision Picking

JMP Securities analyst Matthew Carletti reiterates RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) with a Market Perform.

JMP Securities Reiterates Market Perform on RLI

JP Morgan analyst Ken Worthington maintains Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) with a Neutral and raises the price target from $31 to $35.

Janus Henderson Group plc Ordinary Shares

JP Morgan Maintains Neutral on Janus Henderson Group, Raises Price Target to $35

Cazoo Group Shares Halted To The Downside, Stock Now Up 55.1%

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust </h3>
The SPY (ARCA: SPY) is currently positioned around a price of 500.91. For those favoring upward movement, the first target is 501.74. Should the price remain robust above this mark, the next objective is to reach 502.85. Should this support endure throughout the regular trading hours, an advance beyond to 503.95 might occur. The ambitious target for bulls on SPY today stands at 505.32.
Conversely, if 500.91 fails to serve as a sturdy floor, a downward test towards 500.17 by the bears is anticipated. Presence of sellers could further pressure the price to a lower target of 498.93. If this threshold is breached amid strong selling activity, the next substantial support is 497.55. A tumultuous selling session might culminate in reaching a bearish extreme at 496.93 today.
<h3>Invesco QQQ Trust Series 1</h3>
The Q&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) are trading near 420.76. Bullish traders aim to secure this level, setting sights on 422.16 as a substantial support if maintained. Following this, 423.27 might come into play if buying strength persists, with an ultimate test at 424.04. The highest bullish aim for today is set at 424.82.
Should the level of 420.76 not withstand selling pressures today, bears might dominate, pushing the price to 419.89. A subsequent weakness could prompt further tests at 418.49. If selling intensifies, 417.49 could be at risk. Failure to hold this could lead bears to drive the price down to today&rsquo;s bearish goal of 416.23.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is currently at 165.62, where bulls hope to establish support. A rally towards 166.27 is desired, with potential further uplift to 167.09 if bullish momentum continues. If bulls dominate today, the ultimate aim is to reach a high of 167.59.
If Apple&#39;s price can&#39;t sustain 165.62 as support, a decline to 164.71 might ensue. With continued selling, a further descent to 164.15 is likely. If selling persists, the price could fall to 163.24 and if this level breaks, the final bearish target for the day is set at 162.69.
<h3>Microsoft Corp.</h3>
Microsoft&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) current level is 402.74, with bulls looking to maintain and extend the price to 404.92 as a firm support. Success here could lead to a push towards 406.01, and with continued buying, a peak bull target of 407.11 might be in sight today.
However, if 402.74 does not hold, bears could drive the price down to 401.39. If this level is breached, further declines to 400.30 and then 399.21 could occur, with a final bearish objective for today at 397.65.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) stands at 804.61, with bulls aiming for an initial rise to 810.13, securing it as a key support zone. A sustained buying push could elevate the price to 816.95, and potentially up to 823.52. The highest bull target today is envisioned at 827.98.
If 804.61 does not hold up, bears are expected to challenge the price down to 799.10. A breakdown here, with seller activity, could lead to 794.94. If weakness continues, further tests at 791.44 might occur, with a bearish floor target of 785.35 for the day.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is hovering around 156.61, with bulls hoping to secure this as a base for advancing to 157.41. With continued upward momentum, the next level to watch is 158.54.
If 156.61 cannot sustain support, a bearish push to 155.59 is likely. A break below this level might lead bears to 154.95, with a severe sell-off potentially bottoming out at 154.44 today.
<h3>Meta Platforms Inc </h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is currently positioned at 488.81. Bulls aim to keep the level supported for a rise to 492.33, followed by a potential increase to 495.54. If buying remains strong, the highest bull target for today is 498.03.
Conversely, if 488.81 fails as support, a downward move to 485.96 is expected. Persistent selling could further drive the price to 483.11. If this level is compromised, the lowest bear target for Meta today stands at 479.47.
<h3>Tesla Inc. </h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) starts the day at 141.94. Bulls are targeting an increase to 143.67 and, with sustained buying, further up to 145.07. Strong market conditions could see Tesla reaching a higher test at 146.46, with a peak bull target of 148.45.
If 141.94 does not maintain as a robust support, bears may test down to 139.15. Continued selling pressure could bring the price further down to 136.35, and if this level fails, the ultimate bear target for the day is 134.62.
Final Word: Today&#39;s session begins light on data in the premarket with the Philly Fed Non-Manufacturing Activity due out at 8:30AM ET, followed by the Redbook Retail Sales at 8:55AM ET. More significant data will follow with the Global Manufacturing, Services, and Composite PMI for April, scheduled for release at 9:45AM ET. Shortly after, at 10AM ET, the Richmond Fed Manufacturing Index and Business Conditions, alongside New Home Sales for March, will be available. At 1PM, a 2-Year Note Auction is set, which could introduce some volatility into the markets. As the Federal Reserve remains in a blackout period ahead of next Wednesday&#39;s FOMC rate decision, most large institutional traders will be focusing on earnings reports after today&#39;s closing bell from major companies like Tesla and Visa. Good luck and trade safely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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