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SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm

STOK

Stoke Therapeutics Inc (NASDAQ:STOK) released new data from studies on its anti-epilepsy drug, STK-001, showing significant reductions in seizure frequency and improvements in cognition and behavior in Dravet syndrome patients. The drug was well-tolerated, and the FDA cleared a new dosing regimen. Following the news, STOK shares surged 74.60% in premarket trading.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:20 pm

DWAC

Trump Media & Technology Group (TMTG), known for its social media platform Truth Social, has begun trading on the NASDAQ under the ticker symbol 'DJT' after completing a business combination with Digital World Acquisition Corp. (NASDAQ:DWAC). The new ticker symbol 'DJT' honors former President Donald J. Trump, reflecting the company's commitment to free speech and opposition to Big Tech censorship.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:20 pm

AAPL

DWAC

LOT

MSTR

NVDA

RDDT

SMCI

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:20 pm

HSY

MDLZ

NVDA

Cocoa prices have surged to $10,000 per metric ton, doubling in just 50 days, due to weather and disease impacting crops in West Africa. Hershey Co (HSY) and Mondelez International Inc (MDLZ) have warned of the impact on their earnings, with Hershey expecting limited earnings growth this year. The situation has led to 'shrinkflation' for consumers, with chocolate products becoming smaller and more expensive. Nvidia Corporation (NVDA) is mentioned for comparison, having added $1 trillion to its market cap in 67 days of 2024.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 1:19 pm

BTCUSD

Prominent crypto analyst Michaël van de Poppe predicts a significant surge for altcoins following a substantial market correction, while Bitcoin (BTC) consolidates. Van de Poppe cites a 'very healthy correction' and bottoming out patterns as indicators of upcoming highs for altcoins. He plans to continue investing in altcoins due to their low valuations before swapping back to Bitcoin at the end of the cycle. This bullish outlook aligns with other forecasts within the crypto community, amidst a recent 4.2% increase in the global cryptocurrency market cap to $2.55 trillion.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 1:18 pm

HSY

Hershey shares are trading lower due to potential pressure from rising cocoa prices, which could impact the company's cost of goods sold and margins.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:16 pm

BABA

ONLN

PGJ

Alibaba Group (NYSE:BABA) and its logistics subsidiary, Cainiao, announced the withdrawal of Cainiao's IPO application on the Hong Kong Stock Exchange and proposed a $3.75 billion share purchase from Cainiao's minority shareholders. Alibaba aims to integrate Cainiao more closely with its e-commerce platforms to enhance strategic synergies and support global logistics expansion. Alibaba also temporarily halts its Ling Shou Tong platform for business adjustments but plans to continue existing orders and after-sales service. The stock is accessible through Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN), with BABA shares up 0.39% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 1:15 pm

GHG

GreenTree Hospitality's shares experienced an increase following the announcement of their Q4 earnings.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:15 pm

PXD

Pioneer Natural Resources Inc. (NYSE:PXD) has seen its stock price increase by 0.05% in the current session, 10.46% over the past month, and 27.65% over the past year. Its P/E ratio of 12.78 is slightly higher than the industry average of 12.55, suggesting it might be overvalued. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 1:15 pm