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BTCUSD

HAIUSD

Hacken (CRYPTO: HAI), a blockchain security-focused token, experienced a 50% rally in a week, attributed to its new initiative in Real-World Asset (RWA) tokenization. The company announced that HAI token holders could now convert their utility tokens to equity tokens, offering a direct equity stake in Hacken Enterprise. This move coincides with a broader market optimism and a rally in Bitcoin's (CRYPTO: BTC) price. Hacken's approach to tokenization, which allows for the digitization of various assets on the blockchain, aligns with the industry's growing interest in this technology, as highlighted by BlackRock CEO Larry Fink.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 10:16 am

ESLT

Elbit Systems Ltd. (NASDAQ:ESLT) anticipates non-cash expenses of $52 million in Q4 2023 due to inventory write-off from closing an underperforming subsidiary and discontinuing a project.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 8:48 am

BTCUSD

SHIBUSD

SMCI

In 2023, Bitcoin and Shiba Inu saw significant returns, with Bitcoin gaining over 155% and SHIB 260%. Super Micro Computer (SMCI) outperformed both, with a 278% return, attributed to its S&P 500 inclusion. The crypto market's recovery was driven by regulatory approvals and anticipation of a spot Bitcoin ETF, while AI stocks like SMCI benefited from the broader risk-on sentiment.

Portfolio Pulse from Shanthi Rexaline

March 05, 2024 | 8:09 am

VIAV

VIAVI Solutions (NASDAQ:VIAV) has agreed to acquire Spirent Communications for approximately $1.3 billion in cash. The acquisition, recommended by Spirent's Board, values Spirent at about £1,005 million. Spirent shareholders will receive 172.5 pence per share plus a special dividend of 2.5 pence. The deal is expected to close in the second half of 2024, pending shareholder and regulatory approvals. Spirent Directors holding shares have already expressed their support for the acquisition.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:29 am

JOAN

JWN

NIO

ROST

TGT

The CNN Money Fear and Greed index indicates 'Extreme Greed' in the market, despite a drop in the S&P 500 and Nasdaq from record highs. Macy's shares surged 13.6% after a raised acquisition offer, while JOANN Inc. shares plummeted 44% amid bankruptcy considerations. The market awaits earnings from Nordstrom, NIO, Target, and Ross Stores.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:25 am

NKLA

Nikola (NASDAQ:NKLA) announced the appointment of Thomas B Okray, a former General Motors executive, as its new CFO. Okray brings over four decades of financial expertise from various roles, including positions at General Motors, Eaton Corporation, Grainger, and Advance Auto Parts. This leadership change comes after Nikola's previous CFO resigned, marking a period of significant executive turnover within the company. Nikola reported producing 38 trucks last year, a decrease from 258 in 2022, with a total revenue of $35.8 million and a gross loss of $214.1 million. Nikola's share price closed down 5% at $0.7 on Monday.

Portfolio Pulse from Anan Ashraf

March 05, 2024 | 6:32 am

BFX

BowFlex Inc. (NYSE:BFX) has initiated Chapter 11 bankruptcy proceedings and entered into a purchase agreement with Johnson Health Tech Retail, Inc. as the stalking horse bidder for $37.5 million in cash. The company has also secured $25 million in debtor-in-possession financing to continue operations and fulfill customer orders during the sale process.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 6:11 am

COIN

HOOD

META

RBLX

SOFI

STNE

TOST

TWLO

Cathie Wood's Ark Invest sold nearly $31M of Coinbase (COIN) shares as Bitcoin rallies, also reduced Robinhood (HOOD) holdings, while increasing investments in Meta Platforms (META), SOFI Technologies, Roblox (RBLX), and Toast (TOST), and selling Twilio (TWLO) and StoneCo (STNE) shares.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 4:17 am

Ford Motor Company (NYSE:F) has seen a significant 31.5% year-over-year increase in hybrid vehicle sales, with CNBC's Jim Cramer highlighting the stock as a potential investment opportunity. Despite challenges in the EV market, Ford's EV sales also rose by 80%, and ICE vehicle sales increased by 7.5%, contributing to an overall 10.5% increase in vehicle sales for the month. Ford plans to double the production of its F-150 hybrid pickup to support growth, amidst competition from Chinese EV manufacturers.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 3:22 am

AMZN

TSLA

Jeff Bezos, founder of Amazon Inc., has reclaimed the title of the world's richest person with a net worth of $200 billion, surpassing Tesla Inc.'s CEO Elon Musk, whose wealth is $198 billion. Bezos's wealth increased by $23 billion over the past year, while Musk's decreased by $31 billion, partly due to a more than 7% drop in Tesla's share prices on Monday. The fluctuation in the wealthiest person's title is influenced by market performances, with Bezos and Musk being key figures in the tech and space industries.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 2:23 am