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AEO

American Eagle Outfitters plans to remodel around 50 stores in 2024, as announced in their recent conference call.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:45 pm

TPR

Tapestry Inc (NYSE:TPR) has expanded its partnership with Bluecore to include the Kate Spade New York brand, aiming to enhance customer identification, engagement, and retention. This collaboration has already shown positive results for Tapestry's Coach and Stuart Weitzman brands. Tapestry plans to further integrate Bluecore's technology across its digital marketing platforms, including Salesforce Commerce Cloud and others, to improve marketing growth and customer experience.

Portfolio Pulse from Shivani Kumaresan

March 07, 2024 | 4:41 pm

DOGEUSD

FETUSD

SHIBUSD

The cryptocurrency market is witnessing a shift towards AI tokens like Fetch.AI, with a 13% increase in the AI-linked tokens category, while meme coins such as Dogecoin and Shiba Inu are experiencing declines. This trend is attributed to the anticipation of AI's role in the global economy and an upcoming Nvidia conference featuring crypto AI projects. Meme coins, previously buoyed by Bitcoin's rally, are losing momentum and value, with Dogecoin's futures open interest also decreasing.

Portfolio Pulse from Murtuza Merchant

March 07, 2024 | 4:39 pm

HOOD

Robinhood Markets (NASDAQ:HOOD) has seen a significant increase in its stock value, reaching new 52-week highs with a 50% increase in the last month. This surge is attributed to strong fourth-quarter financial results and a boost in cryptocurrency trading. A key factor in this success is the launch of 24-hour trading in May 2023, which now encompasses 922 tickers and has surpassed $10 billion in trading volume. The company highlights the importance of this feature, noting substantial trading activity outside traditional market hours and a growing adoption among its customers.

Portfolio Pulse from Chris Katje

March 07, 2024 | 4:32 pm

CERO

CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) stock surged after announcing the publication of preclinical research on CER-1236 for treating AML patients. The research showed CER-1236's target is found in 83% of leukemic cells, effectively eliminating them in experiments. This supports plans for a Phase I clinical trial in AML patients and extends data on its efficacy in various cancers.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 4:28 pm

AAPL

GOOGL

RIVN

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are on the rise as investors buy the dip, with Bitcoin ETFs seeing strong inflows. The Arizona Senate is considering BTC ETFs for pension funds. Gold hits an unprecedented high amid economic uncertainties. US markets and stocks record gains, while major spending bills pass in the US House to prevent government shutdown. Tech giants like Apple and Google face scrutiny and challenges, while the EV market sees activity from Rivian and Tesla. Healthcare and energy sectors also see notable developments.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 4:23 pm

META

Meta Platforms Inc (NASDAQ:META) experienced a global outage affecting Facebook and Instagram, attributed to a technical issue. Despite this, Meta's stock has shown remarkable resilience, rising 41% since the year's start and closing at $496.09 after a 1.20% increase on March 6. The stock's journey reflects investor confidence in Meta's growth and adaptability in the tech industry.

Portfolio Pulse from Zaheer Anwari

March 07, 2024 | 4:17 pm

NIO

Nio Inc (NYSE:NIO) shares fell amid declining electric vehicle deliveries in China, with Bernstein analyst Eunice Lee highlighting a challenging outlook for 2024. The company's market share dropped from 5% in 2021 to 2%, despite an expanded model lineup. Lee downgraded Nio's price target from $7.50 to $5.50, citing margin contraction, widening losses, and a lack of impactful new models.

Portfolio Pulse from Priya Nigam

March 07, 2024 | 4:17 pm

WMT

Walmart has launched Express On-Demand Early Morning Delivery, starting at 6 a.m., to provide customers with the convenience of getting items delivered to their doorstep earlier than ever. This service, part of Walmart's commitment to enhancing shopping convenience, allows customers to order a wide range of products from baby essentials to home appliances. Additionally, Walmart will start delivering live bait from mid-March, expanding its delivery offerings. The service is aimed at saving customers' time and making shopping seamless, with Walmart+ members enjoying free standard delivery.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:08 pm

MAT

WMT

Mattel's CEO announced an exclusive North American launch of Fisher-Price Wood Set at Walmart this spring, with a global launch set for H2 2024. The company is making strategic changes to the Fisher-Price and infant, toddler, and preschool category.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:05 pm