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DADA

LITB

MASI

SLRX

WPRT

Dada Nexus, Salarius Pharmaceuticals, LightInTheBox, Masimo Corporation, and Westport Fuel Systems are stocks to watch due to various financial updates and expectations. Dada Nexus and Westport Fuel are anticipated to report their earnings, with Dada Nexus expected to post earnings of 9 cents per share. Salarius Pharmaceuticals reported a narrower Q4 loss compared to last year, causing a significant share price increase. LightInTheBox is set to release its Q4 financial results, and Masimo Corporation announced a potential separation of its consumer business, reaffirming its guidance.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 6:50 am

FDX

LULU

NKE

The CNN Money Fear and Greed index indicated a decline in market sentiment, yet the Dow Jones experienced its strongest week since December. Despite this, the S&P 500 and Nasdaq showed mixed results. Lululemon and Nike shares dropped significantly after their earnings reports, while FedEx shares surged following a positive earnings announcement and a new share repurchase program. The U.S. oil rig count decreased slightly. Sectors such as real estate, financial, and consumer discretionary faced losses, whereas information technology and communication services saw gains. Investors are looking forward to earnings results from Westport Fuel Systems, BuzzFeed, and Dada Nexus.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 6:44 am

FFND

TSLA

Tesla, Inc. (NASDAQ:TSLA) is anticipated to report first-quarter deliveries that may significantly miss forecasts, with estimates around 425,000 units versus the consensus of 468,000. Gary Black of Future Fund highlighted concerns over Tesla's volume growth and its high valuation, noting the company's P/E ratios for 2024 and 2025 appear vulnerable without significant earnings or volume growth. Future Fund Active ETF (NYSE:FFND) has reduced its Tesla exposure. Tesla's stock has declined over 31% year-to-date.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 5:33 am

VCIG

W Capital Markets has partnered with VCI Global to provide comprehensive capital markets strategy services aimed at listing clients on the NASDAQ. This collaboration is expected to leverage the strengths of both firms to facilitate the listing process for their clients, potentially increasing the number of companies listed on the NASDAQ.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 5:16 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin experienced gains as the new trading week began, with the global cryptocurrency market cap increasing by 4.2% to $2.55 trillion. Analyst Michaël van de Poppe suggests the altcoin market is 'bottoming out' and predicts Bitcoin could test the $70,000 level this week. Another analyst, Ali Martinez, noted a significant surge in dormant Bitcoin tokens changing hands, indicating potential price volatility ahead.

Portfolio Pulse from Shivdeep Dhaliwal

March 25, 2024 | 4:45 am

AMD

INTC

China has announced guidelines to phase out US microprocessors from Intel Corp. (INTC) and Advanced Micro Devices, Inc. (AMD) in government PCs and servers by 2027, aiming to replace them with domestic technology. This move also targets replacing Microsoft Windows and foreign-made database software with local alternatives, as part of China's strategy to boost domestic technology amidst escalating US tensions.

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 3:27 am

TSLA

The Biden administration has recommended the U.S. Supreme Court to dismiss Elon Musk's appeal against the SEC regarding his 2018 tweet about taking Tesla private. The administration supports the SEC's settlement terms, which include a fine and a review of Musk's tweets by a Tesla lawyer, to prevent misleading statements. This development follows Musk's ongoing legal battles with the SEC, including a recent order for him to testify in an investigation into his Twitter takeover.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 2:39 am

DWAC

Jeff Yass' firm, Susquehanna International Group, was revealed as the largest institutional shareholder in Digital World Acquisition Corp. (NASDAQ:DWAC), which merged with Trump Media & Technology Group. Susquehanna, a market maker, claims to have zero economic interest in Trump Media, balancing its long position with equivalent short positions. Amidst Trump's financial challenges, including significant legal bills and a potential property 'fire sale', concerns are raised about the implications of his financial decisions on his assets and associated companies.

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 1:38 am

DWAC

Rep. Alexandria Ocasio-Cortez expressed concerns over the risk of not seizing Donald Trump's assets amid his New York fraud case, highlighting potential political corruption and interesting transactions with Truth Social. Trump faces a $454 million judgment and is expected to post a bond or risk asset seizure. Despite claims of insufficient cash, Trump stated he had nearly $500 million. Trump Media & Technology Group, parent of Truth Social, is set to trade under DJT on NASDAQ after a merger with Digital World Acquisition Corp. (NASDAQ:DWAC).

Portfolio Pulse from Benzinga Neuro

March 25, 2024 | 1:20 am

MSOS

VRNOF

Verano Holdings Inc. (OTC:VRNOF) CIO Aaron Miles will share insights into Florida's cannabis market at the Benzinga Cannabis Capital Conference. With over 20 years of experience, Miles has led Verano to a $2.1 billion valuation, demonstrating significant growth, especially in Florida. The company's stock has increased by 16% over the past 90 days, outperforming its peers in the MSOS ETF (NYSE:MSOS), which gained 23%. The conference, set for April 16-17, 2024, in Hollywood, Florida, will cover key topics in the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

March 25, 2024 | 12:33 am