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SIG

U.S. stock futures are trading lower, with focus on General Mills, HealthEquity, Signet Jewelers, Moleculin Biotech, and Micron Technology due to earnings reports and corporate actions. General Mills is expected to report earnings of $1.05 per share on $4.96 billion revenue. HealthEquity reported upbeat Q4 earnings. Signet Jewelers is anticipated to report earnings of $6.37 per share on $2.55 billion revenue. Moleculin Biotech announced a 1-for-15 reverse stock split. Micron Technology is expected to post a quarterly loss of 26 cents per share on $5.33 billion revenue.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 6:44 am

EPOW

Sunrise New Energy received a Nasdaq notice for not meeting the minimum bid price requirement. The company's operations remain unaffected, and it plans to monitor its Class A ordinary shares' price to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:44 am

NDAQ

Borse Dubai is selling approximately one-third of its stake in Nasdaq Inc. (NASDAQ:NDAQ) for about $1.6 billion, retaining over 10% ownership. The sale involves 26.96 million shares at $59 each, with an 18-month lockup period for the remaining shares. This move marks a strategic shift for Borse Dubai and has led to a more than 2% drop in Nasdaq shares in extended trading.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 6:33 am

AAPL

Apple Inc. CEO Tim Cook is visiting Shanghai, hinting at opening more stores in China despite declining iPhone sales and increased competition. Cook's visit follows the announcement of a new Apple store in Shanghai, as the company faces challenges in its third-largest market. iPhone sales in China dropped by 24% in the first six weeks of the year, with Apple falling to fourth place among smartphone vendors. Resellers have been forced to offer significant discounts on the iPhone 15 series.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 6:30 am

ORLA

Orla Mining (AMEX:ORLA) reported Q4 adjusted EPS of $0.05, surpassing the $0.01 estimate, a 400% beat. Year-over-year, earnings decreased by 28.57% from $0.07, while sales increased by 10.82% from $56.76M to $62.90M.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:10 am

MSTR

Peter Schiff criticized the limitations of trading Bitcoin through an ETF, highlighting the issue of liquidity being restricted to U.S. market hours. This concern is raised amidst a significant drop in Bitcoin's price, leading to a global crypto market sell-off. Schiff also scrutinized MicroStrategy and its CEO, Michael Saylor, for purchasing Bitcoin with borrowed funds, suggesting it might be an attempt to manipulate Bitcoin's price while selling MicroStrategy shares.

Portfolio Pulse from Mehab Qureshi

March 20, 2024 | 5:59 am

TSLA

Tesla Inc (NASDAQ:TSLA) plans to increase prices on China-made Model Y vehicles starting next month, following similar announcements for the U.S. and Europe. The price hike in China is set at 5,000 yuan ($695) from April 1. The company previously announced price increases in Europe by about 2000 euros ($2,173) and in the U.S. by $1000 for all Model Y variants, also starting April 1. Tesla's vehicle deliveries in the last quarter of 2023 totaled 484,507, and the impact of these price adjustments on future deliveries is awaited. Tesla shares closed down 1.43% at $171.32, with a year-to-date decrease of 31%.

Portfolio Pulse from Anan Ashraf

March 20, 2024 | 5:39 am

STNG

Scorpio Tankers Inc. has completed the sale of two MR product tankers for a total of $72.3 million, equating to $36.15 million per vessel. This strategic move could impact the company's financial position and operational capacity.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 5:31 am

ARKK

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MRNA

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SQ

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U

Cathie Wood's Ark Invest sold $7.5M worth of Block Inc (SQ) shares through its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW) amid a Bitcoin price drop. This follows a previous sale of $8.95M in Block shares. Additionally, Ark Invest made trades in Moderna (MRNA), Personalis (PSNL), Twilio (TWLO), and Unity Software (U).

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:29 am

NVDA

NVIDIA Corp's CEO, Jensen Huang, predicts the 'AI computing ramp' will continue for years, emphasizing its early stage and potential for significant growth, especially in healthcare. Nvidia's technology has improved data processing speed and reduced costs, making it integral in various industries. The company's new AI chips, Blackwell, are in high demand, contributing to the growth of AI-themed ETFs in the U.S. Despite challenges, Nvidia's market performance remains strong, with its role in AI technology driving investor interest.

Portfolio Pulse from Benzinga Neuro

March 20, 2024 | 4:11 am