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COIN

Coinbase announced it has issued a fix for a display issue that affected customer account balances and caused latency on Coinbase.com, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:35 pm

COIN

Coinbase (NASDAQ:COIN) experienced its second connectivity issue in less than a week amid a Bitcoin price surge, with users reporting zero balances. The company assured users that assets are safe and trading is not impacted, attributing the problem to increased latency and promising updates soon. The crypto community reacted with mixed sentiments, highlighting the exchange's challenges during high trading volumes.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 8:34 pm

DIS

Trian Fund Management is focusing on initiatives at Disney, including refining the parks strategy to set tangible return targets on the $60B of parks capital expenditure. Additionally, Trian aims to develop a clear direct-to-consumer (DTC) strategy for Disney, with tangible goals to achieve Netflix-like margins of 15%-20% by 2027.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:28 pm

DIS

Trian, an investment firm, has announced its intention to focus on several key initiatives at Disney, including evaluating Disney's organizational structure to improve accountability and efficiency, right-sizing the legacy media business cost structure in light of industry dynamics, and insisting on a digital strategy for ESPN.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:27 pm

ETHUSD

Donald Trump's cryptocurrency holdings, primarily in MAGA Meme coin (TRUMP), have surged to $8.79 million, marking a significant increase in value. This rise is attributed to a 22% increase in the value of TRUMP tokens, alongside gains in other crypto assets like WETH, Ethereum (ETH), BABYTRUMP, and Conan tokens. Trump's diverse crypto portfolio has shown remarkable growth, especially with the MAGA meme coin's rally, amidst a bullish crypto market and increasing interest in meme cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

March 04, 2024 | 8:24 pm

NFLX

Netflix Inc (NASDAQ:NFLX) continues to lead the competitive streaming market, achieving over 13,000% stock growth since 2007. Its success is attributed to innovation, adaptability, and strategic initiatives like new subscription tiers and addressing revenue leaks. Despite market saturation and intense competition, Netflix's focus on original content and global expansion has driven subscriber growth. The stock has recovered significantly, with a 3% rise in March contributing to a 26% increase this year, despite a 77% drop from its peak in November 2021.

Portfolio Pulse from Zaheer Anwari

March 04, 2024 | 8:12 pm

MGNX

Analysts have updated their ratings and price targets for Macrogenics (NASDAQ:MGNX), showing a mix of bullish and bearish sentiments. The average 12-month price target has increased by 69.81% to $18.00. Recent upgrades by analysts from BTIG, Barclays, HC Wainwright & Co., JMP Securities, and Citigroup reflect positive adjustments in their outlooks based on Macrogenics's performance and market conditions. Macrogenics, a biotech company focusing on cancer therapeutics, faces revenue challenges but has strong financial indicators like net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:01 pm

NIO

TSLA

NIO Inc (NYSE:NIO) shares hit new 52-week lows amid expectations of a Q4 loss, analyst downgrades, and a decrease in February vehicle deliveries. The EV industry faces headwinds, impacting companies like NIO and Tesla (NASDAQ:TSLA), with Tesla's China sales also declining significantly.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 8:01 pm

DOGEUSD

TSLA

Tesla Inc (NASDAQ:TSLA) is nearing completion of a unique Supercharger station in Los Angeles, featuring the first movie screen for a drive-in theater. This concept, envisioned by CEO Elon Musk, aims to redefine electric vehicle infrastructure by integrating a diner and drive-in theater with charging facilities. The location, under development for years, could also accept Dogecoin (CRYPTO:DOGE) as a payment option. Tesla's shares traded at $186.94, within a 52-week range of $152.37 to $299.29.

Portfolio Pulse from Chris Katje

March 04, 2024 | 7:36 pm

BCDA

BIVI

CRDF

JOAN

QNRX

RNLX

SMCI

ZION

U.S. stocks traded lower with the S&P 500, Dow, and NASDAQ all seeing declines. Super Micro Computer, Inc. (SMCI) is set to join the S&P 500, replacing Zions Bancorporation (ZION). Cardiff Oncology, Inc. (CRDF), Quoin Pharmaceuticals, Ltd. (QNRX), and Renalytix Plc (RNLX) saw their shares rise due to positive company developments. Conversely, BioVie Inc. (BIVI), BioCardia, Inc. (BCDA), and JOANN Inc. (JOAN) experienced significant drops in their share prices. Crude oil prices fell by 1.5%, while gold and silver prices increased.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 7:34 pm