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BTCUSD

Bitcoin experienced a significant price drop, losing over 10% of its value and sparking a wide range of reactions among investors and analysts. While some view the dip as a buying opportunity, others express caution, highlighting the liquidation of leveraged long positions as a potential sign of further losses. Analysts and seasoned investors are divided, with some emphasizing Bitcoin's long-term potential and others warning of short-term volatility. The debate continues on social media, with various strategies and opinions being shared.

Portfolio Pulse from Murtuza Merchant

March 15, 2024 | 11:56 am

Babcock & Wilcox Enterprises' shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:56 am

DLTR

HFFG

IPAR

SAM

UNFI

The article highlights the top 5 defensive stocks in the consumer staples sector that are currently oversold, presenting a potential buying opportunity. These stocks, identified by their low Relative Strength Index (RSI) values, include HF Foods Group Inc. (HFFG), The Boston Beer Company, Inc. (SAM), Inter Parfums, Inc. (IPAR), Dollar Tree, Inc. (DLTR), and United Natural Foods, Inc. (UNFI). Each company's recent financial performance and stock price action are briefly discussed.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 11:54 am

ADBE

BERY

CDLX

COST

EVCM

PSX

RIVN

SMAR

ULTA

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Costco, Berry Global Group, Rivian Automotive, Smartsheet, Adobe, Dollar General, EverCommerce, Phillips 66, Ulta Beauty, and Cardlytics. These changes reflect the analysts' latest views on these stocks, with adjustments made to price targets and, in some cases, ratings upgrades or downgrades.

Portfolio Pulse from Avi Kapoor

March 15, 2024 | 11:54 am

GERN

Geron's shares are trading lower despite the FDA Oncologic Drugs Advisory Committee voting in favor of the clinical benefit/risk profile of imetelstat for treating transfusion-dependent anemia in adult patients with low-to-intermediate-1 risk myelodysplastic syndromes.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:54 am

SMR

NuScale Power's shares dropped following the announcement of disappointing Q4 financial results, underperforming market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:53 am

PagerDuty's stock trades lower following its Q4 financial results, with Q1 and FY25 guidance falling below expectations. Baird maintained a Neutral rating but reduced the price target from $25 to $22.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:51 am

Colgate-Palmolive Company (NYSE:CL) announced a 4% increase in its quarterly common stock cash dividend to 50 cents per share, effective in Q2 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of April 22. The annualized dividend rate is now $2.00, up from $1.92. In January, Colgate projected FY24 net sales growth of 1%-4%, including a slight negative impact from foreign exchange, and organic sales growth of 3%-5%. The company also expects non-GAAP gross profit margin expansion, increased advertising investment, and mid to high-single-digit EPS growth. CL shares closed down 0.95% at $88.35 on Thursday.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 11:50 am

RLX

RLX Technology's shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am

GRPN

Groupon's stock price increased following the announcement of their Q4 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:50 am