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Assets

BTCS

BTCS reported a significant improvement in its FY23 financial results with EPS of $0.55 compared to $(1.25) in FY22. Revenue declined 20% YoY to $1.34M from $1.69M, attributed to lower crypto prices in early 2022. However, Q4 2023 saw a 20% revenue increase due to a surge in crypto market prices. Net income turned positive to $7.8M from a $15.9M loss in FY22, largely due to new accounting standards. The company's cash and crypto value rose to $36.5M as of March 19, 2024, benefiting from the ongoing crypto rally.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 12:34 pm

NVDA

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is set to face a 15% to 25% increase in electricity tariffs in Taiwan starting April 1, as part of a broader move to alleviate financial strain on Taiwan Power Co. This hike is expected to have a minimal impact on TSMC's operations but could pose long-term profitability challenges. The tariff increase is in response to Taiwan Power Co.'s significant losses and rising fuel costs. TSMC's stock value has increased by 51% in the last 12 months, and it is a key supplier to Nvidia Corp (NVDA). Investors can gain exposure to TSMC through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 12:16 pm

SGMO

Sangamo Therapeutics, Inc. (NASDAQ:SGMO) announced a $24M registered direct offering of shares and warrants, with the proceeds intended for the development of its neurology-focused genomic medicines pipeline and other purposes. The offering includes over 24 million shares and pre-funded warrants for about 3.8 million shares, plus warrants for approximately 28.6 million shares, with an exercise price of $1.00, set to close around March 26, 2024.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 12:05 pm

BCH-USD

DOGE-USD

LTC-USD

Cryptocurrency analyst DonAlt predicts a 554% rally for Dogecoin (DOGE), potentially reaching $1, based on its current support levels on the BTC chart. Another analyst, Ali Martinez, highlighted significant purchases by 'whales' over a 72-hour period. Coinbase plans to introduce futures trading for digital currencies including Dogecoin, Litecoin (LTC), and Bitcoin Cash (BCH), with contracts based on specified prices.

Portfolio Pulse from Mehab Qureshi

March 22, 2024 | 11:40 am

EPOL

FXI

STLA

Reuters has reported that China's LeapMotor is set to begin production of a small electric car at the Stellantis plant in Poland, according to sources. This move marks a significant step for LeapMotor in expanding its manufacturing capabilities and presence in the European market, leveraging Stellantis' established facilities.

Portfolio Pulse from Charles Gross

March 22, 2024 | 11:39 am

HUMA

Humacyte reported a Q4 EPS of $(0.24), which was in line with expectations. The company also announced that its cash and cash equivalents total $80.4M. With the net proceeds of $43.1M from the March offering and an additional $20M from the Oberland funding arrangement, Humacyte expects to have enough cash runway for at least the next 12 months.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 11:04 am

BABA

BILI

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has sold $360 million worth of Bilibili Inc (NASDAQ:BILI) stock to fund AI investments and business revamp. The sale is part of Alibaba's strategy to focus on core retail and technology, including cloud computing and AI. This move comes as Alibaba aims to strengthen its position against competitors like PDD Holdings Inc (NASDAQ:PDD) and invests in Chinese AI startups. Bilibili faces profitability challenges despite its collaboration with Alibaba. Alibaba's stock has declined by 12% over the last year, but co-founder Jack Ma retains his stake, showing confidence in the company's potential.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 10:58 am

BUL

INTC

LRCX

SEMI

Lam Research Corp is considering diversifying its supply chain to Vietnam from China due to U.S. export controls affecting its business. The company discussed a $1 billion investment in Vietnam with the Prime Minister, aiming to reduce reliance on China, which represents 26% of its income. Despite no immediate expansion plans in Vietnam, Lam Research is exploring collaborations, notably with Seojin in South Korea. Meanwhile, Intel Corp has halted further investments in Vietnam, citing power supply and bureaucracy concerns. Lam Research's stock has surged over 94% in the last 12 months, with exposure through ETFs like SEMI and BUL.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 9:45 am

BCS

Airlines worldwide are increasing ticket prices to cover the $5 trillion cost of decarbonizing air travel, with sustainable aviation fuel being a major expense. Countries like Singapore and Malaysia are implementing taxes and fees to support this transition, while airlines risk fines and restrictions if they fail to reduce emissions. Barclays PLC has stopped financing new oil and gas fields, aligning with its Transition Finance Framework.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 9:19 am

EWG

The Germany Ifo Business Climate Index for March reported a value of 87.8, surpassing the estimated 85.9 and the previous month's revised figure of 85.7. This indicates a positive shift in the business climate in Germany.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 9:05 am