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BTCUSD

The upcoming Bitcoin halving in April 2024 is expected to boost ETF opportunities in the cryptocurrency sector, according to a report by Canaccord Genuity. The halving, which reduces miner rewards by 50%, along with the approval of spot exchange-traded funds (ETFs) and a growing risk appetite, contributed to a 60% increase in Bitcoin's value in Q1 2024. The SEC's approval of 11 U.S. spot Bitcoin ETFs is seen as a positive development, potentially making spot ETFs a significant factor in Bitcoin's price action. However, the traditional impact of the halving may be diminishing due to the influx of institutional demand through Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

March 28, 2024 | 12:17 pm

NDIV

TINT

Chemours Company (NYSE:CC) shares dropped premarket after announcing the completion of an internal audit revealing delayed payments, accelerated receivables, and material weaknesses in financial reporting. Despite these issues, Q4 FY23 results exceeded expectations with net sales of $1.36 billion and adjusted EBITDA of $176 million. The company expects Q1 2024 net sales to be flat or slightly down and adjusted EBITDA to decrease by about 10%. Chemours also received court approval for a $592 million settlement of PFAS-related claims.

Portfolio Pulse from Lekha Gupta

March 28, 2024 | 12:16 pm

WKSP

Worksport Ltd. (NASDAQ:WKSP) has received the necessary custom solar panels to begin production of the SOLIS Solar Tonneau Cover in New York. This marks a significant step towards the product's market launch this summer. The solar panels, boasting high power output and flexibility, are crucial for the innovative cover designed for pickup trucks. Worksport is also preparing to introduce the COR Battery System, complementing the solar cover. CEO Steven Rossi highlights this development as a testament to the team's dedication, aiming to impact the automotive and renewable energy sectors positively.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:12 pm

CCL

CUK

Carnival Corp reported a narrower-than-expected Q1 FY24 loss with sales growth of 22% year-on-year to $5.406 billion, slightly missing analyst estimates. Adjusted loss was 14 cents per share, beating the consensus of 18 cents. Occupancy was at 102%, and the company anticipates an adjusted EBITDA of about $1.05 billion for Q2. Following the earnings announcement, analysts from Macquarie, JP Morgan, and Barclays raised their price targets on Carnival. Carnival shares fell 0.1% in pre-market trading.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:11 pm

PIK

PLBY

WKSP

In Thursday's pre-market session, several consumer discretionary stocks showed significant movement. Kidpik, Cazoo Gr, Sonder Holdings, PLBY Group, Kaixin Auto Hldgs, and GigaCloud Tech were among the gainers, with Kidpik leading at a 62.1% increase. On the downside, Worksport, Foresight Autonomous, Meta Data, Kaival Brands Innovations, Yoshitsu Co, and Connexa Sports Techs experienced declines, with Worksport dropping 9.5%. PLBY Group's recent Q4 earnings release is notable among these movements.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

AVTX

NCNA

XLO

In Thursday's pre-market session, several healthcare stocks showed significant movement. Avalo Therapeutics led the gainers with a 328.2% increase, while NuCana experienced the largest drop among the losers, declining by 19.8%. Other notable movers include Xilio Therapeutics with a 223.94% increase and Akanda with a 27.1% rise. On the downside, Yield10 Bioscience and Sonoma Pharmaceuticals saw declines of 10.51% and 10.48%, respectively.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

MLKN

NVVE

SWVL

WAB

WATT

In Thursday's pre-market session, several industrials stocks showed significant movement. Swvl Holdings, Nuvve Holding, Energous, Hydrofarm Holdings Group, Zoomcar Holdings, and View were among the gainers, with increases ranging from 6.08% to 10.8%. On the downside, Westinghouse Air Brake, Urban-gro, MillerKnoll, Staffing 360 Solutions, Intuitive Machines, and Nauticus Robotics experienced declines between 5.49% and 17.7%. Notably, Nuvve Holding, Energous, Urban-gro, and MillerKnoll's movements were associated with their latest earnings reports.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

CXM

MOVE

QBTS

SONM

In Thursday's pre-market session, several information technology stocks showed significant movement. Notably, Movano, Nano Labs, Cipher Mining, Sequans Communications, Sprinklr, and AEye experienced gains, with Sprinklr and AEye recently releasing their Q4 earnings. Conversely, Wetouch Technology, Sobr Safe, Abits Group, D-Wave Quantum, Sonim Technologies, and Hitek Global saw declines, with D-Wave Quantum and Sonim Technologies also reporting their Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 28, 2024 | 12:06 pm

CCL

Barclays analyst Brandt Montour has maintained an Overweight rating on Carnival (NYSE:CCL) and increased the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:03 pm

NRXP

NRx Pharmaceuticals has announced a 1-for-10 reverse stock split in an effort to maintain its Nasdaq listing. This corporate action is a strategic move to comply with Nasdaq's minimum bid price requirement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:03 pm