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APGE

GANX

GTLB

Apogee announced its Phase 1 trial for APG777 exceeded objectives, boosting its stock by 50%. GitLab's Q1 EPS and FY25 forecasts fell short of estimates, leading to a 25% stock drop. Gain Therapeutics will present data on GT-02287 at the AP/PD 2024 conference, causing a 43% stock increase.

Portfolio Pulse from ryanfaloona@benzinga.com

March 05, 2024 | 1:33 pm

EMXC

IEMG

SSNLF

TSM

Emerging market assets, particularly tech stocks like TSMC and Samsung, have begun recovering from 2022's losses, driven by AI and chip sector growth. The iShares Core MSCI Emerging Markets ETF (IEMG), which includes TSMC and Samsung, saw a significant drop but has started to recover. Despite challenges, emerging markets are seen as mispriced and offer investment opportunities, especially with China's government pledging support. The iShares MSCI Emerging Markets Ex-China ETF (EMXC) provides an alternative for those wary of China exposure.

Portfolio Pulse from Neil Dennis

March 05, 2024 | 1:32 pm

CLPS

CLPS reported a significant decrease in H1 earnings per share from $0.14 last year to $0.05 this year, alongside a decrease in sales from $76.76M to $71.77M.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:32 pm

WDC

Western Digital Corp. (NASDAQ:WDC) is progressing with its plan to separate into two independent, publicly traded companies, focusing on HDD and Flash businesses, by the second half of 2024. The company has made significant advancements in preparation, including establishing legal entities, transferring contracts, and appointing executive leaders for both future companies. David Goeckeler is appointed as CEO Designate for the Flash company, while Irving Tan will become CEO of the standalone HDD company, continuing as Western Digital.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:31 pm

APVO

Aptevo Therapeutics (NASDAQ:APVO) reported Q4 earnings, beating estimates with an EPS of $-0.04 against an expected $-0.41. However, revenue remained unchanged from the previous year. Despite beating EPS estimates last quarter, APVO's share price dropped by 3.0% the following day.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:30 pm

TSLA

Tesla shares are trading lower following a halt in production at its German factory, which was caused by a nearby arson attack.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:29 pm

ARE

HST

REG

Wall Street's most accurate analysts recommend buying three real estate stocks with over 3% dividend yields: Host Hotels & Resorts, Inc. (HST), Alexandria Real Estate Equities, Inc. (ARE), and Regency Centers Corporation (REG). These recommendations are based on their high dividend yields, recent positive sales reports, and updated analyst ratings with increased price targets.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:29 pm

SNAP

SYNA

TOL

Notable insider sales were reported for Synaptics, Toll Brothers, Wayfair, and Snap, with executives selling shares at significant amounts. These sales come amidst various company developments, including executive resignations, new community openings, revenue reports, and repurchase transactions. Insider sales can indicate various strategic or personal reasons and should be considered as part of a broader investment decision-making process.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:26 pm

GOOG

UNP

On CNBC's 'Halftime Report Final Trades,' Alphabet Inc. (GOOG/GOOGL) and Union Pacific Corporation (UNP) were highlighted, with Alphabet facing criticism for its Gemini image generator and a 2.1-billion-euro lawsuit over digital advertising practices. Union Pacific reported a Q4 FY23 operating revenue of $6.159 billion, surpassing expectations. Alphabet's shares fell by 2.8%, while Union Pacific's shares saw a slight increase of 0.2%.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:24 pm

AMZN

GOOG

GOOGL

AI startup Anthropic, backed by Alphabet Inc.'s Google and Amazon.com Inc., has introduced Claude 3, a generative AI model that claims to outperform OpenAI's GPT-4 in several metrics, including graduate-level reasoning and math problem-solving. Claude 3 comes in three sizes and is touted for its superior analysis, forecasting capabilities, content creation, code generation, and multilingual conversation skills. In benchmark tests, Claude 3 Opus slightly outperformed GPT-4 and Gemini Ultra.

Portfolio Pulse from Rounak Jain

March 05, 2024 | 1:24 pm