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Ripple's XRP surged over 20%, outperforming Bitcoin and Ethereum, with its price reaching $0.74. The surge, marking its highest point since November, was partly attributed to rumors of a potential XRP ETF by BlackRock and significant token movements from Binance. Analyst Rekt Capital suggests a potential breakout toward $1 if XRP surpasses certain trend lines.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 6:49 am

RNG

Optus, an Australian telecom, has chosen RingCentral (RNG) to provide cloud communications services to businesses in Australia. This partnership aims to enhance digital communication solutions for Australian enterprises by leveraging RingCentral's advanced cloud technology.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:41 am

HYZN

Hyzon Motors has launched a 200kW single stack fuel cell system and powertrain, integrated into a vehicle termed the Hyzon 200kW Prime Mover, aimed at providing zero-emissions alternatives for long-haul operators in Australia. This U.S. developed technology, unveiled at the Kangan Institute's Automotive Centre of Excellence in Melbourne, offers a smaller, lighter, and more fuel-efficient option for global applications.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:36 am

ETHUSD

Crypto analyst Ali Martinez predicts Ethereum (ETH) will reach $5,000, citing a supply zone between $4,522-$4,646 as the main obstacle. Ethereum has recently surged nearly 10%, trading above $4,000, and is 17.2% below its all-time high. The increase is attributed to the upcoming Dencun upgrade and potential approval of an Ether spot ETF in May, similar to the impact seen with Bitcoin ETF approvals.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 3:54 am

META

ORCL

SAVA

TSLA

On Monday, the U.S. stock market showed mixed results with the Dow Jones slightly up and NASDAQ, S&P 500 down. Boeing, Oracle, Meta Platforms, Cassava Sciences, and Tesla were among the most watched stocks due to various reasons including legal investigations, upcoming financial results, and product updates.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 2:33 am

PBM

Psyence Biomedical Ltd (NASDAQ:PBM) has received approval from the Australian Health Research Ethics Committee to begin a Phase IIb study in Melbourne, Australia, focusing on the use of psilocybin for palliative care patients with Adjustment Disorder following a cancer diagnosis. The study, in partnership with iNGENū Pty Ltd, will test different doses of psilocybin combined with psychotherapy. Additionally, Psyence Group has undergone a business restructuring, including a spinout deal resulting in a 37% interest in PBM and the transfer of non-clinical business assets to reduce overhead.

Portfolio Pulse from Lara Goldstein

March 11, 2024 | 11:02 pm

ADBE

KSS

ONON

WallStreetBets users are discussing the upcoming earnings reports for Adobe, On Holdings, and Kohl's. Opinions on Adobe are mixed, with some expecting a decline due to AI competition, while others see Adobe's AI integration as a strength. On Holdings is expected to perform well in its earnings report, with its popularity surging. Kohl's is facing skepticism, with many users planning to buy puts ahead of its earnings report, expecting poor performance.

Portfolio Pulse from Erica Kollmann

March 11, 2024 | 10:01 pm

KLIC

Kulicke and Soffa Industries (KLIC) announced the cancellation of Project W, expecting a reduction in FY24 revenue by approximately $15M. The company plans to redirect its development resources to focus on growth opportunities in Thermo-compression, Vertical Fan-Out, Automotive, and Dispense markets.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:57 pm

STLA

FIAT has announced the next release of its all-electric 500e model, with two versions: Inspired By Music and Inspired By Beauty, each priced at $36,000 including destination fees. This move is part of FIAT's ongoing efforts to expand its electric vehicle lineup.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:49 pm

CRWD

PANW

CrowdStrike Holdings Inc (CRWD) and Palo Alto Networks Inc (PANW) are compared in a cybersecurity stock face-off. CrowdStrike's cloud-native AI platform and rapid market expansion are highlighted, while Palo Alto's diverse product portfolio and acquisition strategy are noted. Despite both stocks trading at high multiples, CrowdStrike's PEG ratio and analyst upside potential suggest it may be the better buy.

Portfolio Pulse from Surbhi Jain

March 11, 2024 | 9:20 pm