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CMG

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NVDA

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Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced significant losses with $650M liquidated in a day, while a rally is predicted due to FOMO. US stocks face risks from de-dollarization, with Morgan Stanley expressing concern. Political developments include Trump vs. Biden dynamics heating up for 2024, with both securing key primary wins. In tech, Nvidia and Synopsys highlight their partnership's importance in chip design, and Tesla faces trade secret theft allegations. Consumer news includes Chipotle's stock split and Samsung's surge due to Nvidia's interest. Financially, BlackRock files for a tokenized asset fund, and Borse Dubai plans to sell its Nasdaq stake.

Portfolio Pulse from Akanksha Bakshi

March 20, 2024 | 12:18 pm

NVDA

Citigroup analyst Atif Malik has maintained a Buy rating on NVIDIA (NASDAQ:NVDA) and increased the price target from $820 to $1030, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:14 pm

AIQ

BABA

FEEM

PDD

Alibaba Group Holding Ltd (NYSE:BABA) has expanded its 'five-day delivery' service to the U.S., aiming to compete more effectively with rivals like Temu and Shein. This service, offered through AliExpress and supported by Cainiao, Alibaba's logistics arm, promises U.S. customers delivery within five days. The initiative, which began in 2023, has also been extended to other regions, including Germany and France. AliExpress reported a 60% year-on-year order increase in the December quarter, while Cainiao's revenue grew by 24%. Alibaba plans to invest $1.1 billion in South Korea for a logistics center, as AliExpress's monthly active users there have doubled since 2018. Despite a 9.4% stock loss last year, Alibaba continues to focus on geographical expansion and artificial intelligence. Investors can also gain exposure to Alibaba through ETFs like FEEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:13 pm

HTHT

H World's stock is trading higher following the announcement of their Q4 revenue, which surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:11 pm

CHIQ

CQQQ

PDD

PDD Holdings Inc (NASDAQ:PDD) reported a significant year-on-year revenue growth of 123% in Q4 fiscal 2023, reaching $12.52 billion and surpassing consensus estimates of $11.01 billion. Adjusted earnings per ADS rose to $2.40, beating the consensus of $1.60. The company saw a 57% increase in online marketing services revenue and a 357% jump in transaction services revenue. PDD's adjusted operating profit grew by 112% to $3.46 billion. The company ended the quarter with $30.6 billion in cash and equivalents. PDD shares surged 15.7% in premarket trading. Investors can also gain exposure to PDD through the Global X MSCI China Consumer Discretionary ETF (NYSE:CHIQ) and the Invesco China Technology ETF (NYSE:CQQQ).

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:09 pm

HTHT

H World Group (NASDAQ:HTHT) reported Q4 adjusted EPS of $0.29, missing the consensus estimate of $0.36 by 19.44%, but showed a 341.67% increase from last year's losses. Sales reached $786M, beating estimates by 3.84% and marking a 46.37% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 12:08 pm

RIOT

Recent analyst ratings for Riot Platforms (NASDAQ:RIOT) show a mix of bullish and somewhat bullish perspectives, with an average 12-month price target of $18.78, a slight decline from the previous target. The company, a vertically integrated Bitcoin mining firm, has shown strong financial performance with a revenue growth rate of 31.03%, a net margin of 100.53%, and an ROE of 4.91%. Analysts from firms like JP Morgan, Needham, Cantor Fitzgerald, and HC Wainwright & Co. have adjusted their ratings and price targets, reflecting their views on the company's market standing and performance.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 12:01 pm

AMD

BABA

INTC

NVDA

TCEHY

The Biden administration is considering blacklisting several Chinese semiconductor firms linked to Huawei Technologies, including Qingdao Si'En, SwaySure, and Shenzhen Pensun Technology Co., due to Huawei's advancements in AI chip development. This move aims to curb China's AI and semiconductor ambitions, impacting companies like Nvidia, Tencent, Alibaba, and others involved in competing or collaborating in the AI and semiconductor sectors.

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:01 pm

FUSN

Fusion Pharmaceuticals (NASDAQ:FUSN) has received mixed analyst ratings over the past three months, with a notable shift towards a more neutral stance in the last 30 days. Analysts have updated their price targets, reflecting an average target of $17.82, which is a 34.8% increase from the previous average of $13.22. This adjustment suggests a positive outlook on Fusion Pharmaceuticals' future market performance. The company, a clinical-stage biopharmaceutical firm focused on developing therapies for cancer, has shown significant revenue growth and a strong net margin, despite a below-average return on assets.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 12:01 pm

RCM

R1 RCM (NASDAQ:RCM) received mixed analyst ratings over the past three months, with a total of 12 ratings. The ratings include 3 bullish, 6 somewhat bullish, and 3 indifferent. The average 12-month price target for RCM has increased to $15.92 from $14.67, indicating a positive sentiment shift. Analysts from firms like Canaccord Genuity, Citigroup, and RBC Capital have updated their ratings and price targets, reflecting various adjustments based on R1 RCM's performance and market conditions. R1 RCM, a provider of technology-driven solutions for healthcare providers, has shown a revenue growth rate of 7.84% and a net margin of 0.24%, outperforming industry benchmarks in financial health.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 12:00 pm