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BONKUSD

Bonk (CRYPTO: BONK) experienced a 121% increase over the week, despite facing sell pressure after its listing on Robinhood Crypto EU for select jurisdictions. The listing allows users to trade Bonk and earn Bitcoin rewards. Additionally, Bonk launched its first public game, MoonwalkFitness, with an entry fee of 1.234 million BONK tokens. Despite a 24-hour trading volume of $1.85 billion, Bonk's price is currently down 20%. The coin ranks fourth in social activity among meme coins and has been trending on Stocktwits.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 7:29 pm

MTCH

At the Morgan Stanley Tech Conference, Tinder's CEO emphasized focusing on Gen-Z and women users, while Match Group's CFO highlighted Hinge's early monetization stage compared to Tinder.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:29 pm

MTCH

At the Morgan Stanley Tech Conference, the CFO of Match Group (MTCH) stated that the company has no plans to reduce prices to attract more subscribers.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:27 pm

DIS

Disney CEO Bob Iger announced at the Morgan Stanley's Technology, Media & Telecom Conference that a new Avatar-themed land is coming to Disneyland in California. This expansion aligns with Disney's strategy to leverage popular franchises to enhance park experiences and drive visitor numbers.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:12 pm

AISP

APGE

CNSL

DAVE

QNRX

TDUP

U.S. stocks traded lower with the Dow Jones falling around 350 points. Energy shares rose by 1.3%, while information technology shares fell by 2.2%. Consolidated Communications Holdings Inc (CNSL) reported a narrower-than-expected Q4 loss but missed revenue expectations. Dave Inc. (DAVE) shares jumped 51% after reporting increased Q4 revenue. Airship AI Holdings, Inc. (AISP) surged 87% following a Department of Justice contract announcement. Apogee Therapeutics, Inc. (APGE) gained 51% after announcing positive trial results. Quoin Pharmaceuticals, Ltd. (QNRX) and ThredUp Inc. (TDUP) saw significant drops after announcing a public offering and reporting Q4 results, respectively.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:11 pm

GOOG

GOOGL

YouTube has announced that the loading issues users were experiencing with the platform have now been resolved. This news indicates a quick response from YouTube's technical team to address and fix the problem, ensuring minimal disruption to user experience and content consumption.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:11 pm

FCNCA

First Citizens Bank (NYSE:FCNCA), not BAC as hinted, has provided a $1 million working capital line of credit to MC Nutraceuticals, a global supplier of hemp-derived cannabinoids, marking its entry into the cannabis market. This move by one of America's largest banks, with over $200 billion in assets, signifies a major step towards mainstream financial acceptance of the cannabis sector. MC Nutraceuticals plans to use the credit to support its growth and expand its e-commerce distribution of hemp products globally.

Portfolio Pulse from Jelena Martinovic

March 05, 2024 | 7:06 pm

UBER

Uber Technologies Inc (NYSE:UBER) has shown significant resilience and potential in the stock market, with a 291% increase after a 68% drop. The company has expanded beyond ride-hailing to include delivery services, leveraging AI-driven routing for efficiency. Despite a recent surge in stock price, it's still considered undervalued. The stock faces a psychological resistance level at $80 but closed at $81.30, indicating a potential for continued growth.

Portfolio Pulse from Zaheer Anwari

March 05, 2024 | 7:03 pm

AAPL

QQQ

SPY

TLT

TSLA

Wall Street experienced volatility with major indices down, led by a plunge in mega-cap tech stocks. Tesla and Apple saw significant losses, influenced by a report of declining iPhone sales in China. Bitcoin's value dropped after reaching a record high, while Treasury yields fell, hinting at potential Federal Reserve rate cuts. The iShares 20+ Year Treasury Bond ETF saw gains. Various stocks and ETFs moved based on earnings reports, analyst notes, and capital raising plans.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 7:01 pm

DIS

Disney CEO Bob Iger addressed concerns about audience fatigue regarding Marvel movies at the MS Conference, asserting that the focus remains on producing great films. He emphasized the company's commitment to achieving creative excellence and improving the bottom line.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:44 pm