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U.S. stocks traded lower with the Dow Jones falling over 100 points. Sea Limited reported better-than-expected sales for Q4, while shares of BitFuFu, Quoin Pharmaceuticals, and Jaguar Health surged. Conversely, BioVie, Astra Space, and JOANN Inc. saw significant drops. Oil and gold prices increased slightly.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 2:44 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) and its subsidiary, MedReleaf Australia, have launched medical cannabis pastilles in Australia, expanding their product range. This new offering includes three types of pastilles aimed at providing patients with more options for medical cannabis consumption. The launch is part of Aurora's strategy to support the growth of Australia's medical cannabis market, where MedReleaf holds the number two position. The pastilles are available under the Aurora brand and will soon include more options under the IndiMed brand.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:43 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a 15% jump amid ETF speculation and significant whale movements, with a 245 million DOGE movement reported. Dogecoin's creator and other experts expressed optimism for its price and a potential Doge ETF, citing bullish technical indicators and a high percentage of profitable holders.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 2:43 pm

BHP

BHP has signed non-binding sales agreements for all potash production from its Jansen mine in Saskatchewan, Canada. The company aims to convert these into firm offtakes within 12-18 months. Additionally, BHP's Chief Commercial Officer, Ragnar Udd, stated that the company is not interested in acquiring the idled Cobre Panama copper mine from First Quantum Minerals.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:42 pm

AMD

DELL

LNVGF

LNVGY

NVDA

Lenovo's Q3 fiscal results showed a 23% year-on-year profit drop to $340 million, despite sequential revenue growth. The company's future growth is pinned on AI PC models, amidst analyst skepticism and a bearish outlook on its server business. Lenovo plans significant R&D investment in AI, with two AI PC models launching soon. However, the global PC market's slow growth and potential U.S. restrictions on chip sales to China pose challenges. Competitors like Dell, Nvidia, and AMD could benefit from the AI PC trend.

Portfolio Pulse from The Bamboo Works

March 04, 2024 | 2:39 pm

AMD

DELL

NVDA

Dell Technologies Inc (NYSE:DELL) reported fiscal 2024 Q4 results, surpassing analyst expectations with a nearly 20% share price increase, driven by strategic AI partnerships with Nvidia Corporation (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD). Despite an 11% YoY revenue drop to $25.04 billion, net income soared 89% YoY to $1.16 billion. Dell's AI-optimized servers and storage revenue showed significant growth. The company expects to return to growth in fiscal 2025, supported by AI investments and has increased its annual dividend by 20%.

Portfolio Pulse from Upwallstreet

March 04, 2024 | 2:37 pm

NWGL

Nature Wood Group Limited (NWGL) anticipates a 75% revenue growth in FY24, expecting to reach $45M, up from $25.4M in FY23. This growth is attributed to new EU regulations favoring sustainably sourced wood, a market where NWGL, with its focus on FSC certified operations, holds a competitive advantage. The company also plans to expand its carbon credit projects globally, leveraging high-margin opportunities while supporting sustainability.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:32 pm

EPOW

Sunrise New Energy Co., Ltd. (NASDAQ:EPOW) announced its 'High-Energy Fast Charging Lithium Battery Graphite Anode Project' received approval from Guizhou Province's Department of Science and Technology. This project, part of the 'Industrialization of Advanced Scientific and Technological Achievements' plan, aims to enhance energy density, charging efficiency, and cycling performance of lithium batteries. The approval will provide additional funding and support, positioning EPOW as a leader in high-end battery graphite anode materials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:28 pm

BTTX

Better Therapeutics (BTTX) announced the acceptance of a late-breaking abstract for the AspyreRx pivotal trial 180-day outcomes, and its participation in the 17th International Conference on Advanced Technologies & Treatments for Diabetes. The company will host a sponsored education session on March 09, 2024, aiming to expand access to effective lifestyle modification interventions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:27 pm

ALLE

Allegion plc (NYSE:ALLE), a security products provider, has acquired Spain-based electro-mechanical access control solutions manufacturer Dorcas to enhance its international access control solutions. Dorcas will be integrated into the Allegion International segment. The acquisition aims to strengthen Allegion's portfolio with Dorcas' electric strikes and locks. Allegion had $468.1 million in cash and equivalents as of the end of 2023, and its shares closed lower by 0.84% at $126.80 recently.

Portfolio Pulse from Shivani Kumaresan

March 04, 2024 | 2:13 pm