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BTCUSD

SPY

US stock indexes experienced a decline while the Japanese Yen appreciated following a revision of Japan's Q4 GDP. Concurrently, Bitcoin reached a new record high.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:43 pm

APRE

Aprea Therapeutics Inc (NASDAQ:APRE) announced FDA clearance for its IND application for APR-1051, a WEE1 kinase inhibitor aimed at treating cancers. The company plans to initiate a Phase 1 trial in 2024 and announced a private placement of up to $34 million to fund its development. APRE shares rose 6.17% to $7.57.

Portfolio Pulse from Vandana Singh

March 11, 2024 | 1:39 pm

BOSC

BOS Better Online Solutions Ltd. (BOSC) announced receiving a €615,000 order for a robotic production line from an Israeli defense-industry customer, to be delivered in March 2025. This marks the fourth order from the same customer in 2023, reflecting a strong vote of confidence. BOS has focused its growth strategy on the Israeli defense market, expecting profitability in its Intelligent Robotics division by Q4 2023 after significant investments and restructuring.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:25 pm

CRPT

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are rising as Bitcoin hits an all-time high, with the company's stock reaching its highest levels since March 2000. The surge is attributed to the approval of spot Bitcoin ETFs and anticipation of April's halving event. MicroStrategy recently announced a $700 million offering of convertible senior notes to buy more Bitcoin, acquiring an additional 12,000 bitcoins. The company now holds approximately 205,000 bitcoins. The First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) has the largest allocation to MicroStrategy.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 1:24 pm

GREE

Greenidge Generation Holdings Inc. (NASDAQ:GREE) announced the expansion of its U.S. footprint with 40 MW of low-cost power through acquisitions in Mississippi and a lease in North Dakota, aiming to increase profitability and create jobs. The company reported mining approximately 150 and 128 bitcoins in January and February respectively, with an expected increase in hash rate to 2.8 EH/s by April 1 due to deploying over 2,100 miners.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:04 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target for ENPH has been raised to $129.33, indicating a 15.25% increase from the previous target of $112.22. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Despite facing challenges such as a significant revenue decline of -58.25% and below-average ROE and ROA, ENPH maintains a strong net margin of 6.91%. The company's debt-to-equity ratio of 1.32 suggests high debt levels.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

DOGEUSD

FLOKIUSD

SHIBUSD

Dogecoin (DOGE) has seen a 115% increase over the past month and is approaching a key resistance level of $0.18. Analyst Ali Martinez predicts it could reach $1 by mid-April, citing historical chart patterns and a high price correlation with Bitcoin. Despite no recent endorsements from high-profile figures, Dogecoin's strong community support and market confidence are highlighted. Other cryptocurrencies like Shiba Inu (SHIB), Floki Inu (FLOKI), and Dogwifhat (WIF) have also seen significant gains.

Portfolio Pulse from Khyathi Dalal

March 11, 2024 | 12:53 pm

ARM

NNOX

NVDA

RXRX

SOUN

TSPH

Nvidia Corp. (NVDA) has significantly expanded its venture capital investments in AI startups, growing its investment from $300 million to $1.55 billion. This strategy aims to secure a foothold in emerging AI trends and support the ecosystem for its technology. Nvidia has also acquired stakes in several listed companies, including Arm Holdings (ARM), Nano-X Imaging (NNOX), Recursion Pharmaceuticals (RXRX), SoundHound AI (SOUN), and TuSimple Holdings (TSPH). CEO Jensen Huang's long-term vision emphasizes investing in AI's future to maintain Nvidia's industry leadership.

Portfolio Pulse from Shanthi Rexaline

March 11, 2024 | 12:42 pm

LMFA

LM Funding America, Inc. (NASDAQ:LMFA), a cryptocurrency mining and finance company, announced it mined 26.8 Bitcoin in February 2024, increasing its total holdings to 153.6 Bitcoin. The company's Bitcoin holdings were valued at over $10.4 million as of March 8, 2024, based on a BTC price of $68,000. LM Funding did not sell any Bitcoin to fund operations, emphasizing a buy-and-hold strategy. The company plans to continue increasing its mining capacity by deploying more Bitmain S21 Antminer machines.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:41 pm

APRE

Aprea Therapeutics' stock is trading higher following the FDA's clearance of its Investigational New Drug (IND) application for APR-1051. Additionally, the company has secured private placement financing of up to $34 million.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:38 pm