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'BONK Killer' MILLI, operating on the SEI network, surged over 70% in a single day, outperforming other meme cryptocurrencies like Dogecoin, Shiba Inu, and BONK. MILLI's market cap approached $2.5 million with a trading volume of $522,075. The token's success is attributed to strong community support and a unique brand identity. Meanwhile, Dogecoin and BONK saw declines, while Shiba Inu increased by 6%. The MILLI team also addressed investor concerns, aiming to restore token distribution and liquidity.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 5:16 pm

CLSK

COIN

HUT

MARA

RIOT

WULF

Crypto stocks including CLSK, COIN, HUT, MARA, RIOT, and WULF are trading lower due to volatility in Bitcoin's price, which dropped after reaching a new all-time high.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 5:12 pm

OWPC

One World Products Inc (OTCQB:OWPC) launched Pro-11, a CBD-enriched muscle rub, during the 2024 NBA All-Star Weekend. This product is a collaboration between Kx Family Care, led by Stephen Marley, and guided by NBA Hall of Famer Isiah Thomas. Kx Family Care made a strategic investment of $400,000 in OWP to boost its operations in Colombia's Bogota Free Trade Zone. Pro-11 is designed for athletes, combining CBD, essential oils, and natural extracts for optimal performance and recovery. It will be available on March 15, 2024, and is expected in select retail locations later that year. OWPC's shares were up 18.60% at $0.0593 per share.

Portfolio Pulse from Patricio Liddle

March 05, 2024 | 5:11 pm

CNSL

PSCU

SSLY

Consolidated Communications Holdings Inc (NASDAQ:CNSL) reported a Q4 fiscal 2023 revenue decline of 7.0% Y/Y to $275.2 million, missing analyst expectations. Adjusted EPS showed a loss of $(0.26), which was better than the expected $(0.36) loss. Revenue declines were noted across Consumer, Commercial, and Carrier segments, with Adjusted EBITDA dropping 14.7% Y/Y to $86.7 million. CNSL's stock was slightly up by 0.12% at $4.29. Exposure to CNSL can also be gained through Invesco S&P SmallCap Utilities & Communication Services ETF (NASDAQ:PSCU) and Syntax Stratified SmallCap ETF (NYSE:SSLY).

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 5:09 pm

RGNX

REGENXBIO Inc (NASDAQ:RGNX) reported positive interim safety and efficacy data from the Phase 1/2 AFFINITY DUCHENNE trial of RGX-202 for Duchenne muscular dystrophy in patients aged 4 to 11 years. The drug was well tolerated with no serious adverse events, and showed promising results in microdystrophin expression and reduction in serum creatinine kinase levels, indicating potential clinical improvement. The company plans to make a pivotal dose determination in mid-2024 and expects to initiate a pivotal trial in the second half of 2024, aiming for accelerated approval. RGNX shares surged 17.90% to $25.34.

Portfolio Pulse from Vandana Singh

March 05, 2024 | 5:07 pm

AVGO

HACK

KNCT

Broadcom Inc (NASDAQ:AVGO) introduced WatchTower, an open observability solution designed to enhance business performance by simplifying the identification and resolution of incidents within the mainframe environment. WatchTower integrates various data sources to break down IT silos and improve operations. It also incorporates OpenTelemetry for streaming insights to tools like Datadog and Grafana. Additionally, Broadcom halted the sale of its security software unit, Carbon Black. Investors can gain exposure to Broadcom through ETFs like HACK and KNCT. AVGO shares dropped 3.41% to $1,354.35.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 5:04 pm

GBTG

Global Business Travel Group Inc (NYSE:GBTG), also known as Amex GBT, reported a 4.2% year-on-year increase in Q4 FY23 sales to $549 million, surpassing analyst expectations. The growth was attributed to an increase in Total Transaction Value due to a rise in business travel and Product & Professional Services revenue. Operating expenses decreased by 4%, and the net loss narrowed to $(46) million. Adjusted EBITDA rose by 83% to $80 million, with a significant improvement in the adjusted EBITDA margin. The company forecasts a revenue growth of 6% - 9% for FY24, aiming for $2.43 billion to $2.50 billion, slightly below the $2.51 billion estimate. Adjusted EBITDA is expected to be between $450 million and $500 million, with a free cash flow of over $100 million. GBTG shares dropped by 1.22% to $5.601.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 5:04 pm

WIF

'Shiba Inu Killer' Dogwifhat (WIF) saw a price rebound after Binance announced its listing for spot trading, leading to bullish predictions. The listing includes trading pairs WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. This follows a recent listing on Robinhood Crypto EU. WIF's trading volume exceeded $700 million in the last 24 hours, with the meme coin market cap up 33.5%, reaching over $64 billion. Analytics firm Santiment and Bloomberg host Tim Stenovec highlighted the resurgence of meme coins, with WIF reaching $1.96 before settling at $1.34.

Portfolio Pulse from Khyathi Dalal

March 05, 2024 | 5:02 pm

CULP

Culp, Inc. (NYSE:CULP) is scheduled to release its quarterly earnings report on March 6, 2024, with analysts expecting an EPS of $-0.16. The company's past performance shows a pattern of beating EPS estimates, which has occasionally led to significant share price movements the following day. Shares of Culp have declined by 10.91% over the last 52 weeks, indicating a generally negative sentiment among long-term shareholders. Investors will be particularly attentive to the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:02 pm

PII

Analyst ratings for Polaris (NYSE:PII) show varied opinions, with recent adjustments reflecting a mix of neutral to slightly positive outlooks. The average 12-month price target is now $95.57, down from $101.00, indicating a 5.38% decrease. Polaris, known for its off-road and on-road vehicles, faces a -4.78% revenue decline but maintains strong financial health indicators such as net margin and ROE. However, its debt management poses a risk with a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:02 pm