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UNH

The White House has summoned the CEO of UnitedHealth Group as the payment paralysis affecting the healthcare sector enters its third week. This move underscores the administration's concern over the ongoing disruptions caused by UnitedHealth's handling of payments. The situation has drawn significant attention, indicating potential regulatory scrutiny or intervention that could impact UnitedHealth's operations and possibly its financial performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:43 pm

BABA

EBIZ

ONLN

Alibaba Group Holding Ltd (NYSE:BABA) is investing approximately $640 million in Hong Kong's creative industries over the next five years, aiming to boost its media and entertainment division amidst intense competition. This follows a significant sales increase in its unit, attributed to China's strong box office performance. Alibaba is also enhancing staff incentives by merging stock options with cash rewards, starting April 1, 2024, to improve employee earnings' certainty and liquidity. The stock rose over 2% on Tuesday. Competitor JD.com Inc (NASDAQ:JD) increased salaries for its retail division last year. Alibaba can be accessed through ProShares Online Retail ETF (NYSE:ONLN) and Global X E-Commerce ETF (NASDAQ:EBIZ).

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 2:43 pm

SGLY

Trading of Singularity Future Technology shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:41 pm

CLRO

DAKT

HPQ

IBEX

The article highlights five technology sector stocks considered as value stocks due to their low P/E ratios, indicating potential undervaluation. These stocks are ClearOne (CLRO), IBEX (IBEX), Daktronics (DAKT), Daqo New Energy (DQ), and HP (HPQ). The article provides recent earnings per share data and dividend yields for these companies, suggesting that while they may be undervalued, investing in value stocks carries the risk that they may not rebound.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 2:41 pm

HOLO

MicroCloud Hologram shares have resumed trading, indicating a potential shift in market dynamics for the company.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:39 pm

GLD

QQQ

SPY

TLT

XLP

XLU

Following a CPI report indicating higher-than-expected inflation in February 2024, U.S. stocks maintained gains, while bonds and precious metals fell. The report showed a 3.2% year-over-year increase in CPI, with core CPI at 3.8%. Despite this, market expectations for a June rate cut remained at 70%. ETFs like TLT and GLD fell, while SPY, QQQ, and sector-specific ETFs like XLP and XLU showed mixed performance. Notably, ORCL and NVDA stocks surged, while LUV faced a significant drop.

Portfolio Pulse from Piero Cingari

March 12, 2024 | 2:38 pm

SGLY

Shares of Singularity Future Technology were halted due to a circuit breaker triggered by a downside movement, despite the stock being up 82.9%.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:38 pm

BODI

BVS

ORCL

PACK

Bioventus Inc. reported better-than-expected quarterly financial results, leading to a 10.8% surge in its shares. Other companies like Ranpak Holdings, The Beachbody Company, and Oracle Corporation also reported positive financial outcomes or guidance, contributing to significant stock price increases. Notably, Ranpak Holdings saw a 40.1% jump after exceeding fourth-quarter revenue expectations and receiving a price target increase from Baird.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 2:37 pm

SMCI

Super Micro Computer (SMCI) shares are experiencing an increase as traders share insights from a popular newsletter service, which predicts approximately 25% upside to the stock this year and about 45% upside in the next two years.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:35 pm

HOLO

MicroCloud Hologram's stock was halted due to a circuit breaker trigger after it surged 22.9%. The halt is a regulatory measure to prevent excessive volatility.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 2:34 pm