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LOW

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NRXP

TWKS

VKTX

Nasdaq rose by 50 points as Lowe's Companies Inc (LOW) reported better-than-expected Q4 results, with sales of $18.60 billion and EPS of $1.77. Lowe's anticipates FY24 revenue of $84-$85 billion and adjusted EPS of $12.00-$12.30. Janux Therapeutics (JANX), Infobird Co. (IFBD), and Viking Therapeutics (VKTX) saw significant stock increases due to positive clinical data and market volatility. Conversely, Minerva Neurosciences (NERV), Thoughtworks Holding (TWKS), and NRx Pharmaceuticals (NRXP) experienced substantial declines due to regulatory setbacks and disappointing financial results.

Portfolio Pulse from Avi Kapoor

February 27, 2024 | 2:42 pm

CRKN

Crown Electrokinetics (CRKN) has made significant progress in its Electrokinetic Film division, overcoming technical challenges to develop a 12-inch-wide film for smart window inserts, with small quantity shipments starting in July. Sheldon Davis has joined as a senior advisor, bringing valuable experience to the company. In the Fiber Optics division, Crown has generated revenue in Arizona and Florida markets, with a promising project in Florida expected to bring in $11 million from 300 miles of horizontal directional drilling. Revenue guidance will be provided in an investor call on March 8th.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:34 pm

BTBT

CLSK

HIVE

HUT

MARA

RIOT

Bitcoin mining stocks are experiencing significant gains alongside the rising price of Bitcoin, which has surpassed $57,000, reaching its highest level in over two years. This surge is attributed to increased demand following the approval of spot ETFs and anticipation of the April halving event. CleanSpark's shares soared after reporting strong earnings, with other Bitcoin miners also expected to report soon. Notable gainers include CleanSpark, Marathon Digital Holdings, Hut 8 Corp, HIVE Digital Technologies, Bit Digital, and Riot Platforms.

Portfolio Pulse from Adam Eckert

February 27, 2024 | 2:20 pm

TYL

Tyler Technologies has been selected to provide cannabis licensing solutions to the Commonwealth of Kentucky. The company has already processed over 1.5 million applications through its cannabis solutions across the nation.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:19 pm

AVGO

KKR

NVDA

Broadcom Inc (NASDAQ:AVGO) has halted the sale of its security software division, Carbon Black, after offers did not meet expectations. Despite a potential reattempt, Broadcom remains silent. This follows Broadcom's $61 billion acquisition of VMware Inc, including Carbon Black. Meanwhile, KKR & Co Inc (NYSE:KKR) agreed to buy Broadcom's end-user computer unit for about $4 billion. Nvidia Corp (NASDAQ:NVDA) is entering the custom AI chip market, challenging Broadcom's position. Broadcom CEO Hock Tan's pay surged to $161.8 million, mainly from stock awards. Broadcom stock is up 21% YTD, while Nvidia has gained over 64%.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 2:11 pm

TASK

TaskUs announced the launch of AssistAI, a new product powered by TaskGPT aimed at enhancing customer experiences. This move signifies TaskUs's commitment to integrating advanced AI technologies to improve service offerings.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:08 pm

AZPN

Aspen Technology, Inc. (NASDAQ:AZPN) has implemented its digital grid management solutions for Adani Electricity in Mumbai, aiming to enhance power reliability for over 3 million customers. This collaboration supports Adani's goal to supply 60% renewable electricity by 2027, marking a significant step towards a sustainable and efficient power distribution network in one of India's largest cities.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:06 pm

DLPN

Dolphin Entertainment's subsidiary, The Digital Dept., has launched a new division targeting young adults, aiming to harness the creative potential of approximately 4 billion Gen Z and Gen Alpha members.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:06 pm

DASH

DoorDash (NASDAQ:DASH) has announced a partnership with Pet Supplies Plus to offer on-demand delivery from over 700 locations nationwide. This collaboration aims to provide same-day delivery of pet essentials, leveraging DoorDash's local commerce platform and expanding its Pets vertical, which already boasts over 400,000 pet products. Pet Supplies Plus stores will also be featured on DashPass, DoorDash's membership program, enhancing delivery options for pet parents.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:05 pm

VEON

VEON has introduced a new mobile service brand, ROX, in Pakistan, aiming to expand its market presence and enhance customer experience in the region.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:04 pm