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AAPL

NVDA

TSLA

Wall Street veteran Ed Yardeni highlighted vulnerabilities in Apple Inc. (AAPL) and Tesla Inc. (TSLA) among the Magnificent Seven stocks, citing concerns over China's economic slowdown and consumer purchasing patterns. Apple's significant revenue exposure to China and a drop in iPhone sales were noted. Yardeni contrasted this with Nvidia Corp. (NVDA), which is anticipated to benefit from the AI and semiconductor sectors' growth. He expressed a cautious outlook on the market, suggesting the Federal Reserve might not lower interest rates this year.

Portfolio Pulse from Piero Cingari

March 06, 2024 | 10:26 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 1.7% increase in the past 24 hours, maintaining its top 10 market cap position. Lead developer Shytoshi Kusama hinted at upcoming Shiba Inu-themed services. A significant token burn of 177 million tokens, including a single transaction of 100.5 million tokens, coincides with the coin's price recovery. Technical analyst Javon Marks predicts a potential 120% price increase for SHIB. Increased transactions over $100,000 and new account registrations on Shibarium Scan suggest growing investor interest.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 10:13 pm

BENF

Beneficient has agreed to finance liquidity transactions for three separate funds managed by ff Venture Capital. This agreement could potentially increase the liquidity and financial flexibility of the funds managed by ff Venture Capital, enhancing their investment capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:04 pm

BENF

Beneficient (NASDAQ:BENF) has announced a new liquidity transaction with ff Venture Capital, involving the financing of liquidity transactions for three separate funds managed by ff Venture Capital. This deal, subject to shareholder approval, could increase Ben's loan portfolio collateral by up to $121.5 million. The transactions are expected to close in Q3 2024 and involve the issuance of Resettable Convertible Preferred Stock to limited partners participating in the deal. This move is part of Beneficient's broader strategy to provide liquidity solutions to the alternative asset market.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:02 pm

CDMO

Avid Bioservices, Inc. (CDMO) plans to offer $160M in Convertible Senior Notes due 2029 in a private placement to qualified institutional buyers. The proceeds will be used to repurchase and repay part of its 2026 Exchangeable Senior Notes and to unwind capped call transactions related to the 2026 Notes. This could lead to sales of CDMO's common stock, potentially affecting its market price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:58 pm

CDMO

Avid Bioservices, Inc. (NASDAQ:CDMO) announced preliminary Q3 fiscal 2024 results with revenue of $33.8M, an 11% decrease year-over-year but a 33% increase from Q2 fiscal 2024. Despite the decrease, the company maintains its FY24 revenue guidance of $137M-$147M. The decrease in revenue and gross profit was attributed to fewer manufacturing runs and reduced process development services. However, Avid signed new orders totaling $41M, leading to a record backlog of $206M. The company also completed its cell and gene therapy facility, enhancing its service offerings and revenue capacity.

Portfolio Pulse from Happy Mohamed

March 06, 2024 | 9:52 pm

BTCUSD

10x Research analyzed Bitcoin's recent liquidation crash and remains bullish despite expecting a short-term sideways market. The firm's model, showing a high volatility signal, suggests three scenarios based on Bitcoin's price action, with strong ETF inflows noted even amid the price drop. The analysis is based on patterns from the past decade and current positioning above the 100-day moving average.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 9:50 pm

VSEC

VSE Corp is exploring strategic alternatives for its Fleet segment, including a potential corporate restructuring plan and relocating its headquarters.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:36 pm

INO

INOVIO Pharmaceuticals announced that its cash runway is expected to extend into the second quarter of 2025, indicating a solid financial position for the near future.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:36 pm

HOOD

Robinhood's 24-hour market trading volume surpassed $10 billion, with an expansion in February to include 922 symbols available for overnight trading in the US.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 9:34 pm