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PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trending due to overall market strength after the Federal Reserve's decision to leave rates unchanged with a potential future cut. This, along with strong earnings from Micron, which highlighted the demand for AI servers, is boosting Palantir's stock. Palantir, a leader in the AI space, has seen its stock rise nearly 200% over a year. The company's stock is currently trading above its 200-day moving average, indicating a bullish signal for investors.

Portfolio Pulse from Adam Eckert

March 21, 2024 | 1:02 pm

MU

Micron Technology Inc (NASDAQ:MU) shares surged after reporting Q1 revenue of $5.82 billion, surpassing estimates of $5.342 billion, and a surprise profit of 42 cents per share against expected losses. The company's positive outlook includes Q3 revenue expectations of $6.6 billion and adjusted earnings of 38 to 52 cents per share, driven by strong demand for AI servers and anticipated price hikes for DRAM and NAND products. Analysts have raised price targets, reflecting optimism in Micron's performance and market position.

Portfolio Pulse from Adam Eckert

March 21, 2024 | 1:02 pm

DASH

DoorDash (NASDAQ:DASH) and Wing have launched a drone delivery partnership in Christiansburg, VA, starting with Wendy's as the first restaurant partner. This U.S. pilot follows a successful drone delivery program in Australia. The service aims to offer efficient, sustainable, and convenient delivery options, with plans to expand to other U.S. cities. The partnership emerged from DoorDash Labs, focusing on automation to enhance platform efficiency and consumer satisfaction.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:00 pm

SPRC

SciSparc's shares surged following an announcement from its MitoCareX joint venture, which reported the identification of molecules with potential for anti-cancer treatments.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:00 pm

KZIA

Kazia Therapeutics has entered into a licensing agreement with Sovargen for the use of Paxalisib in treating intractable seizures in rare central nervous system diseases. This partnership aims to expand the application of Paxalisib beyond its current uses.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:54 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has partnered with a global consultancy firm to develop a strategic plan for its Vulnerable Road User (VRU) solution, which enhances Advanced Driver Assistance System sensors. The plan may include a spin-off of the VRU business. The technology aims to improve road safety by detecting pedestrians and cyclists through their cellphone signals, even in challenging conditions.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 12:54 pm

AAPL

AMZN

COIN

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are on the rise after the Federal Reserve held rates steady, with predictions of Bitcoin reaching $500K. Amazon is enhancing delivery speeds to compete with Alibaba rivals Temu and Shein. Coinbase is set to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash. In the US, market sentiment improves post-Fed decision, and political tensions rise with discussions on Trump's potential return to power. Globally, tensions between the US, China, and Taiwan are highlighted. In tech, Amazon competes in delivery, Apple faces legal challenges, and Meta criticizes Apple's legal evasion. The electric vehicle and healthcare sectors also see significant developments.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 12:42 pm

ALTO

Alto Ingredients, Inc. (NASDAQ:ALTO) announced the resignation of Michael D. Kandris as Interim COO effective April 1, 2024, and his transition to a special advisor until his retirement on June 20, 2024. Todd E. Benton, with over 25 years of experience at Alto's Pekin facilities, has been appointed as the new COO effective April 1, 2024. Benton's leadership is expected to focus on operational efficiency, safety, reliability, sustainability, and the completion of the carbon capture and storage (CCS) project at the Pekin campus.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:37 pm

XMTR

Xometry has announced an expansion of finishing options available on its xometry.eu marketplace, aiming to enhance its offerings and customer experience.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:35 pm

RDFN

Redfin is expanding its innovative agent pay plan, Redfin Next, to additional markets including Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. This expansion could potentially increase Redfin's market presence and competitiveness in these regions.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 12:34 pm