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OKTA

Okta, Inc. (NASDAQ:OKTA) announced new executive appointments to strengthen its go-to-market team and drive growth. Eric Kelleher is promoted to President, Customer Experience & Communications, Ed Daly to Chief Customer Officer, and Christine Halvorsen joins as CTO, Public Sector. These moves underscore Okta's commitment to customer engagement and innovation, following the company's growth to over $2 billion in revenue and nearly 19,000 customers. The appointments aim to enhance customer experiences, brand loyalty, and identity security solutions.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:36 pm

SNOW

Snowflake (NYSE:SNOW) announced the retirement of CEO Frank Slootman and the appointment of Sridhar Ramaswamy as the new CEO. Ramaswamy, previously Senior VP of AI at Snowflake and co-founder of Neeva, will focus on accelerating Snowflake's AI strategy and innovation. Slootman will continue as Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:14 pm

BABA

BIDU

Baidu Inc (NASDAQ:BIDU) and Alibaba Group Holding Ltd (NASDAQ:BABA) are competing in China's tech sector with focuses on AI and cloud computing, respectively. Baidu, facing advertising challenges, is venturing into AI and autonomous driving, while Alibaba shows strength in e-commerce and cloud computing but faces regulatory scrutiny. Both stocks have seen negative returns over the past year, but analysts predict potential upsides of 52.36% for BIDU and 45.42% for BABA.

Portfolio Pulse from Surbhi Jain

February 28, 2024 | 9:04 pm

ARQT

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) and Sato Pharmaceutical Co., Ltd. have entered into a strategic collaboration and licensing agreement for the development, manufacture, and commercialization of topical roflumilast in Japan. Arcutis will receive a $25 million upfront payment and is eligible for up to $40 million in milestone payments, plus tiered double-digit royalties. The agreement expands the market for Arcutis's steroid-free treatments for skin conditions in Japan.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 9:03 pm

BTCUSD

Edward Snowden predicts a national government will be revealed as a Bitcoin buyer this year, emphasizing Bitcoin's role as a modern replacement for gold. His support for Bitcoin is well-documented, including a recent poll showing 43.3% of his followers own Bitcoin. Despite only El Salvador using Bitcoin as legal tender, its acceptance as a payment method is growing globally. Bitcoin's price has rallied past $60,000, with predictions reaching up to $200,000.

Portfolio Pulse from Ivan Crnogatić

February 28, 2024 | 9:01 pm

ENCP

Energem Corp. announced shareholder approval for a business combination with Graphjet Technology Sdn. Bhd. The combined entity will be named GRAPHJET TECHNOLOGY and plans to list on Nasdaq under the ticker 'GTI'. The merger, approved by 80.162% of voting Energem shareholders, is expected to close around March 6, 2024. Graphjet Technology owns patented technology for recycling palm kernel shells into products for various industries.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:57 pm

CAT

Recent options trading activity for Caterpillar (NYSE:CAT) shows a bearish sentiment among investors, with 61% of trades being bearish. Notable trades include a mix of puts and calls with varying sentiments and expiration dates. Caterpillar's current market position is slightly down with a price of $326.5, and professional analysts have mixed ratings on the stock, with target prices ranging from $257 to $385. The company is a leading manufacturer of heavy equipment and has a significant global dealer network.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:45 pm

XTKG

X3 Holdings shares surged following the announcement of signing a term sheet for multi-year purchase agreements with a top supplier of bitcoin mining equipment. This move is expected to significantly bolster X3 Holdings' position in the cryptocurrency mining industry.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:31 pm

ICAD

iCAD shares are trading higher following the announcement of a new release for its AI-powered ProFound Detection solution, indicating positive market reception to the company's innovation in AI technology.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 8:26 pm

AAPL

ETHUSD

Jim Cramer, known for his fluctuating stance on cryptocurrency, hinted at a bullish outlook for Ethereum (ETH) on CNBC's 'Squawk On The Street.' He suggested that the approval of spot Bitcoin ETFs could lead to similar outcomes for Ethereum ETFs, potentially spurring another crypto market rally. Cramer's comments also included a controversial suggestion to swap Apple stock for Ethereum, citing the potential for Ethereum's value to only go up with the anticipation of ETF approval. This marks a significant shift from his previous cautious stance on crypto, following his sale of crypto holdings in 2021.

Portfolio Pulse from Adam Eckert

February 28, 2024 | 8:20 pm