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Stock Prices

SCVL

Williams Trading analyst Sam Poser upgrades Shoe Carnival (NASDAQ:SCVL) from Hold to Buy and sets a $40 price target.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:48 am

QUCCF

TSM

WICOF

Taiwanese stocks, particularly in the tech sector, have seen significant growth due to increasing demand for AI and semiconductor technologies. The Taiwan Weighted Index is expected to continue its upward trajectory, with Taiwan Semiconductor (TSM) leading the surge. Other companies like Quanta Computer (QUCCF) and Wistron (WICOF) have also seen substantial gains. This growth is attributed to global AI demand and a robust AI service manufacturing supply chain in Taiwan. Additionally, fixed asset investment post-elections and potential Fed cuts are contributing factors.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 8:48 am

XLC

Kevin O'Leary expressed interest in purchasing TikTok amidst potential ban talks, aiming to transition it into an American-owned platform. He plans to bid $20-$30 billion, seeking investment from sovereign wealth and pension plans. O'Leary highlighted the challenge of acquiring TikTok without its algorithm due to Chinese government restrictions. He compared the situation to Twitter's valuation drop after its algorithm change. O'Leary emphasized the need for White House endorsement for the deal and plans to engage with both Trump and Biden's administrations. A TikTok ban could benefit Meta Platforms and Alphabet, with their Reels and YouTube Shorts services.

Portfolio Pulse from Shanthi Rexaline

March 22, 2024 | 7:23 am

COOT

Australian Oilseeds, a leading cold-processing oil giant in the APAC region, is set to debut on Nasdaq under the ticker 'COOT'. Over the past 20 years, AOI has become the largest cold pressing oil plant in the APAC, focusing on GMO-free conventional and organic oilseeds. The company is expanding its operations by enhancing its existing plant and constructing a new multi-seed crushing plant in Queensland, aiming to become the largest cold-pressed producer in the Oceanic/APAC region.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 7:18 am

BYDDF

BYDDY

BYD Co Ltd, backed by Warren Buffett, has expanded into the Greek market, showcasing its electric vehicles including the Atto 3 SUV and Seal sedan. This marks a significant step in BYD's European expansion, aiming to become a top-five player in European registrations. Despite its rapid expansion, BYD's market share in Europe remains minimal. However, BYD outsold Tesla in global BEV sales in the last quarter of 2023.

Portfolio Pulse from Anan Ashraf

March 22, 2024 | 7:07 am

ACN

ALOT

HUMA

HYZN

U.S. stocks closed higher with the Dow jumping over 250 points as investor optimism improved slightly. The Fed kept interest rates unchanged, boosting market sentiment. Accenture's shares fell over 9% after fiscal Q2 results, while Micron Technology's shares surged over 14% following upbeat Q2 results and strong Q3 guidance. Economic data showed a decline in jobless claims and a smaller current account deficit than expected. Most S&P 500 sectors saw gains, with industrials, financial, and energy stocks leading. The CNN Money Fear and Greed index increased slightly.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:53 am

FDX

HYZN

LULU

NKE

FedEx, Worthington Steel, Hyzon Motors, Nike, and Lululemon Athletica reported their quarterly earnings with mixed results. FedEx and Worthington Steel exceeded expectations, with FedEx also announcing a $5 billion share repurchase program. Hyzon Motors is anticipated to report a loss. Nike reported positive earnings but saw a share price drop, while Lululemon also exceeded expectations but issued a weak forecast, leading to a significant share price decline.

Portfolio Pulse from Avi Kapoor

March 22, 2024 | 6:52 am

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrencies showed mixed performance with Bitcoin, Ethereum, and Dogecoin experiencing varied changes in their prices amid a decrease in weekly jobless claims in the U.S. The optimism in the crypto market was further fueled by the Federal Open Market Committee (FOMC) meeting, where Fed Chair Jerome Powell discussed the potential easing of monetary policies by late 2024. Analysts predict significant growth for Bitcoin based on historical patterns, with potential targets ranging from $95,000 to $142,000. The global cryptocurrency market cap increased by 8.00% in the past 24 hours.

Portfolio Pulse from Mehab Qureshi

March 22, 2024 | 6:34 am

COIN

META

RDDT

Ark Invest, led by Cathie Wood, purchased shares of Meta Platforms Inc (META) and Reddit (RDDT) on their debut, while selling Coinbase (COIN) shares. The firm bought 90,253 META shares valued at $45.82 million and 9,982 RDDT shares worth $503,492. Meanwhile, 199,526 COIN shares were sold for $52.27 million. The trades reflect Ark's strategic positioning in response to market trends and legal challenges faced by META.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 5:16 am

PLNT

Planet Fitness (NYSE:PLNT) faces backlash over a commercial accused of mocking women's safety concerns, particularly regarding locker room use. The ad, criticized for making light of serious safety issues, has sparked outrage on social media. This controversy adds to previous incidents questioning the gym's inclusive policies, which allow members to use locker rooms matching their gender identity. A notable incident in Alaska, where a man was found in the women's locker room, led to further scrutiny and a membership cancellation. Amid these controversies, Planet Fitness' stock has seen a decline, dropping 19.33% over the last year despite a recent 3.43% increase.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 3:38 am