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DTST

Data Storage (NASDAQ:DTST) reported a significant improvement in Q4 EPS to $(0.01) from $(0.46) YoY, but missed sales estimates with $6.19M against the expected $6.30M. Sales increased by 3.72% YoY.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:47 pm

SPY

UUP

U.S. GDP growth for Q4 2023 was revised up to 3.4%, indicating solid economic activity despite a deceleration from the previous quarter's 4.9%. The revision was due to increased consumer spending and government investment, offset by lower private inventory and exports. Meanwhile, jobless claims were lower than expected, suggesting a strong labor market. The U.S. dollar strengthened following Fed remarks, impacting the Invesco DB USD Index Bullish Fund ETF (UUP), while the SPDR S&P 500 ETF Trust (SPY) reached a record high.

Portfolio Pulse from Piero Cingari

March 28, 2024 | 12:46 pm

DAT

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the premarket session despite announcing a 12-month agreement with The Ministry of Education and Science of Ukraine to support the School Offline program, aiming to enhance safe educational access for 300,000 more students. The initiative is part of Palantir's ongoing support for Ukraine, including military, resettlement, war crimes investigation, and demining efforts. Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 12:45 pm

CASI

CASI Pharmaceuticals reported Q4 losses of $(0.45) per share, missing the $(0.24) estimate, and sales of $6.87M, missing the $9.41M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:45 pm

BETR

Better Home & Finance (NASDAQ:BETR) reported its Q4 sales at $9.25 million.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:44 pm

SBOW

SilverBow Resources reported a Q4 net income of $183M, or $7.12 per share, and highlighted its strategic implementation and business momentum. The company rejected Kimmeridge's proposal, deeming it undervalues SilverBow, and emphasized the need for due diligence on Kimmeridge Texas Gas (KTG) assets. SilverBow launched a website for shareholder information and filed a preliminary proxy statement for its 2024 annual meeting. The company also outlined governance enhancements and its commitment to shareholder value, citing significant progress and positive business momentum, including record Q4 results and a transformative acquisition in South Texas.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:43 pm

CMG

BTIG analyst Peter Saleh has maintained a Buy rating on Chipotle Mexican Grill (CMG) and increased the price target from $2750 to $3250.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:40 pm

IONM

Assure Holdings Corp. (NASDAQ:IONM) completed the sale of certain IONM business assets to MPOWERHealth for up to $4.5M on March 26, 2024. The deal includes $2.32M in cash and up to $2.18M in potential earnout payments. The sale encompasses healthcare facility contracts, clinical equipment, and most employees, while Assure retains some assets and its revenue cycle management team.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:39 pm

ACHR

CCI

CMI

HOOD

Jim Cramer expressed skepticism towards Archer Aviation (ACHR) due to its lack of earnings power, following its worse-than-expected Q4 financial results. He also commented on Robinhood Markets (HOOD), advising caution after its recent price doubling and unveiling of the Robinhood Gold Card. Cramer recommended holding Cummins Inc. (CMI) after JPMorgan's price target increase and showed renewed interest in Crown Castle (CCI) due to its attractive yield and recent positive earnings report.

Portfolio Pulse from Avi Kapoor

March 28, 2024 | 12:39 pm

AMZN

BOTZ

GOOG

GOOGL

META

MSFT

NVDA

SMH

Nvidia Corp dominates the data center GPU market with a 92% share, highlighting U.S. leadership in generative AI. The company's CUDA platform is widely used by developers, contributing to its market value surge to $1.73 trillion by 2024. U.S. tech giants like Meta Platforms, Amazon, Microsoft, and Alphabet lead in cloud infrastructure and AI investments. Nvidia's sales from data centers are expected to constitute over 85% of its total revenue. The stock has surged 242% in the last 12 months, with exposure available through VanEck Semiconductor ETF and Global X Robotics & Artificial Intelligence ETF.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 12:35 pm