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JFBR

Jeffs' Brands, Ltd. (NASDAQ:JFBR) stock continues to rise, with a 28% increase following a 25% gain the previous day. The surge is attributed to a recent letter of intent with Sky Growth Partners Ltd. for defense and drone charging technology, and an exclusive distribution agreement with Bolly Jon Ltd. for hair care products on Amazon Marketplace. The stock's low float and high trading volume are also noted.

Portfolio Pulse from Erica Kollmann

January 04, 2024 | 4:24 pm

SIDU

Sidus Space, Inc. has filed a U.S. patent application for a test platform apparatus, which is detailed in application number 20240003804. The filing indicates the company's ongoing efforts in innovation and intellectual property protection within the space technology sector.

Portfolio Pulse from Charles Gross

January 04, 2024 | 4:16 pm

DIS

ESPN and the NCAA have announced a new eight-year media rights agreement starting September 1, 2024, for exclusive coverage of 40 NCAA championships, including international rights to the Division I men's basketball tournament. The deal includes over 800 hours of NCAA Championships on ESPN linear networks and over 2,300 hours on ESPN linear and digital platforms annually. The agreement aims to increase exposure for student-athletes, particularly women, and is expected to impact revenue distribution for the women's basketball tournament. Endeavor's IMG and WME Sports advised the NCAA in the negotiations. The deal extends ESPN's relationship with the NCAA, which began in 1979, and will utilize ESPN's broad platform portfolio, including ESPN+, which has over 25 million subscribers.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:16 pm

HIVE

HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares are trading higher after providing an operations update for December. The company produced 282.8 Bitcoin and maintained an average hashrate of 3.95 EH/s. Hive's New Brunswick facility is expected to return to full operation this month. New appointments include Luke Rossy as COO and Mario Sergi as CIO. The stock's rise may also be influenced by the recent increase in Bitcoin's price, which is up 3.82% at $44,073.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 4:14 pm

HIVE

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported an increase in its Bitcoin (BTC) holdings and provided a production and corporate update for December 2023. The company produced 282.8 BTC, averaging 9.1 BTC per day, and ended the month with a mining capacity of 4.08 EH/s. HIVE's HODL position grew to 1,707 BTC. Additionally, HIVE announced the appointment of Luke Rossy as COO and Mario Sergi as CIO. The New Brunswick facility is expected to resume operations in January 2024 with a capacity of 2 EH/s. Bitcoin network difficulty increased by 6% in December, impacting gross profit margins for miners.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:12 pm

MCHP

Microchip Technology Incorporated (NASDAQ:MCHP) is set to receive $162 million in incentives from the U.S. Commerce Department to support the onshoring of its semiconductor supply chain. This investment aims to rebuild America's semiconductor supply chain, enhance security for the defense industrial base, reduce prices, and create over 700 jobs in Colorado and Oregon. The funding will be used to modernize and expand fabrication facilities in these states, nearly tripling the output of semiconductors and reducing reliance on foreign foundries.

Portfolio Pulse from Nabaparna Bhattacharya

January 04, 2024 | 4:09 pm

META

Instagram creators are expressing dissatisfaction with the platform's recent updates, which they feel are cluttering the app and hindering their ability to connect with their audience and earn income. The algorithm changes, aimed at competing with TikTok, have made it difficult for creators to reach their fan base. Meta Verified, a new subscription service, and the Reels Bonus program have been unpopular and underwhelming, with creators reporting low payouts and unattainable goals. The feature for connecting creators with brand sponsorships has also been ineffective. Despite these issues, Meta Platforms Inc's (NASDAQ: META) stock saw a slight increase.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 3:52 pm

F

Ford Motor Company (NYSE:F) reported a 7.1% year-over-year increase in 2023 U.S. sales, reaching 1.995 million vehicles, marking its best performance since 2020. Q4 EV sales rose 24% from Q3, with a total of 72,608 EVs sold in the year, an 18% increase. Hybrid sales in Q4 were up 55% year-over-year, and annual hybrid sales increased by 25%. The F-Series trucks expanded their lead with a 15% sales increase, and the new 2024 Mustang had strong sales momentum. Ford anticipates growth in 2024 with new models. However, Ford's stock is trading slightly lower at $11.72.

Portfolio Pulse from Shivani Kumaresan

January 04, 2024 | 3:50 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading higher after announcing a 2% match on IRA contributions through Tax Day, doubling its previous 1% match offer. This follows a recent downgrade by Keefe, Bruyette & Woods analyst Michael Perito, who lowered SoFi's rating from Market Perform to Underperform and reduced the price target from $7.50 to $6.50. Despite the downgrade, SoFi shares were up 2.52% at $8.51.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 3:50 pm

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc (GOOG, GOOGL), is testing restricted cookie use on 1% of Chrome users, with plans to eliminate cookies by year-end, affecting the $600 billion online advertising industry. The move, part of the Privacy Sandbox initiative, aims to balance user privacy with business needs, despite industry concerns over preparedness and technical challenges. The U.K.'s Competition and Markets Authority is overseeing the transition to ensure fairness. Ad-tech companies are apprehensive about the impact on ad targeting and prices. GOOG shares saw a slight decline of 0.37%.

Portfolio Pulse from Anusuya Lahiri

January 04, 2024 | 3:42 pm