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IPHA

Innate Pharma (NASDAQ:IPHA) reported a significant improvement in its fiscal year earnings, with a loss per share decreasing to $(0.10) from $(0.75) year-over-year. Sales increased by 12.71% to $66.35 million. The company also highlighted a strong cash position of €102.3 million as of December 31, 2023, and an anticipated cash runway to the end of 2025.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 6:07 am

BBJP

DXJ

EWJ

The au Jibun Bank Japan Services Purchasing Managers' Index (PMI) for Japan showed a preliminary reading of 54.9, an increase from the prior 52.9, indicating a stronger expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:58 am

BBJP

DXJ

EWJ

Japan's adjusted trade balance reported at -0.45T, significantly better than the estimated -0.83T and a revision from the prior 0.01T. This indicates a narrower trade deficit than expected.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:55 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains following the Federal Reserve's decision to maintain interest rates, despite higher-than-anticipated inflation figures. The Fed's dovish stance and projection for three rate cuts this year contributed to a positive sentiment in the cryptocurrency market. The global cryptocurrency market cap saw a decrease, while the three main stock market indexes reached their highest-ever closing levels. Analysts provided mixed views on Bitcoin's future, with some highlighting buying opportunities during corrections and others cautioning about potential retraces.

Portfolio Pulse from Mehab Qureshi

March 21, 2024 | 4:17 am

ARKK

ARKW

CERS

MRNA

PSNL

TWLO

Cathie Wood's Ark Invest sold shares of Block Inc (SQ) worth $3.5 million through ARKK and ARKW ETFs, amidst a Bitcoin price recovery. The sale is part of a week-long trend, totaling $19.95 million in Block shares sold. Additionally, Ark Invest made purchases in Cerus Corp (CERS), Personalis Inc (PSNL), and Moderna Inc (MRNA), while selling Twilio Inc (TWLO) shares.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 3:40 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki advises against investing in stocks and bonds due to China's economic instability, recommending gold, silver, and Bitcoin instead. He criticizes China's strategy of borrowing money to prop up its stock market as foolish and desperate, attributing the economic issues to a global decrease in consumer buying. Kiyosaki's advice aligns with potential Fed rate cuts, suggesting a shift towards non-traditional investments.

Portfolio Pulse from Benzinga Neuro

March 21, 2024 | 1:46 am

SPY

The Federal Reserve maintained interest rates at 5.25% to 5.5% during its March meeting, signaling potential rate cuts in the future with a consensus for three rate cuts in 2024. Fed Chair Jerome Powell indicated a likelihood of rate cuts within the year, aiming for a sustainable inflation rate of 2%. The S&P 500 Index reached a record high, with the SPDR S&P 500 ETF Trust (SPY) seeing a 0.9% increase. Economists and strategists provided mixed reactions, ranging from cautious optimism to bullish market outlooks, emphasizing the Fed's cautious stance and the potential for economic expansion and market growth.

Portfolio Pulse from Piero Cingari

March 20, 2024 | 9:05 pm

CZR

DKNG

PARA

WBD

Jim McIngvale, known as Mattress Mack, has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA Men's Basketball Tournament with Caesars Entertainment. The bet was made at odds of +750, and Houston is now a +550 favorite at DraftKings. The tournament's broadcast rights are shared between Warner Bros. Discovery and Paramount Global, with games aired on various channels and streaming platforms. A Houston win could significantly impact Caesars Entertainment due to the large bet.

Portfolio Pulse from Chris Katje

March 20, 2024 | 8:55 pm

PEPEUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has seen a 19% surge in the past 24 hours, outperforming Shiba Inu (CRYPTO: SHIB) which gained 7%. The increase in Pepe's price is attributed to a rise in token holders, optimistic analyst sentiment, and its availability on Robinhood's new self-custody crypto wallet and a promotional giveaway by crypto.com. Technical analysis suggests Pepe could triple its current market cap, potentially reaching beyond $9 billion.

Portfolio Pulse from Khyathi Dalal

March 20, 2024 | 8:53 pm

Air Lease Corporation (AL) has announced the lease placement of two new Airbus A321neo aircraft with Transavia. This move is part of AL's strategy to expand its fleet and secure new leasing agreements.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 8:31 pm