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HPCO

Trading for HPCO was halted at 7:50:00 p.m. ET due to pending news. The specific reasons for the halt are not disclosed, but it typically indicates significant news that could affect the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 11:50 pm

DOGEUSD

SHIBUSD

A new memecoin inspired by viral X influencer NFTNick, known as 'I CHOOSE RICH EVERYTIME!', surged 1,136% in three days, overshadowing Dogecoin and Shiba Inu. The coin, leveraging NFTNick's 'choose rich' catchphrase, reached a peak market cap of $80 million. Despite NFTNick's popularity, his wealth flaunting has faced backlash, with community notes debunking some of his claims. The rise of NFTNick's memecoin reflects the ongoing trend of meme coins capitalizing on current events and personalities.

Portfolio Pulse from Khyathi Dalal

March 12, 2024 | 10:55 pm

HOOD

RDDT

Reddit Inc. is preparing for its IPO, with shares to be listed on the NYSE under the symbol RDDT, priced between $31.00 and $34.00 per share. Robinhood Markets Inc (NASDAQ:HOOD) will offer Reddit's IPO shares through its IPO Access list, allowing select users an exclusive opportunity to invest. The IPO is set for March 21, 2024, with 15,276,527 shares of Class A common stock being offered by Reddit and an additional 6,723,473 shares by selling stockholders. Discussions on Reddit's potential as a stable investment or a volatile meme stock are ongoing within the community.

Portfolio Pulse from Surbhi Jain

March 12, 2024 | 10:21 pm

QFIN

Qifu Technology (NASDAQ:QFIN) reported Q4 adjusted earnings per ADS of $1.01, surpassing the $0.98 estimate, marking a 21.69% year-over-year increase. Sales reached $633.18M, exceeding the $592.58M estimate, up 11.79% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 10:07 pm

ALK

BA

SPR

Boeing Co (BA) and Spirit AeroSystems (SPR) faced significant setbacks after failing multiple audits by the FAA, following an incident with an Alaska Air (ALK) 737 Max jet. Boeing's shares dropped 4.2% after the FAA's findings were publicized, which highlighted issues including a faulty door plug. Spirit AeroSystems, a supplier to Boeing, saw its shares fall 7.78% after failing several tests. Additionally, a Boeing whistleblower was found dead under suspicious circumstances, and a Boeing 787 experienced a severe midflight issue, leading to an investigation by New Zealand's TAIC.

Portfolio Pulse from Neil Dennis

March 12, 2024 | 10:01 pm

VWE

Vintage Wine Estates (NASDAQ:VWE) reported Q2 earnings with an EPS of $-0.75, missing estimates by -525.0% and a revenue decrease of $10M from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates leading to significant share price drops.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:55 pm

FREE

Whole Earth Brands (NASDAQ:FREE) reported Q4 earnings with an EPS of $-0.17, missing estimates by -1800% compared to the expected $0.01. Revenue increased by $12.27 million from the same period last year. Despite past earnings misses, the company's share price increased by 8.0% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:50 pm

SBIG

SpringBig Holdings (OTC:SBIG) reported Q4 earnings with an EPS of $-0.07, missing estimates by -600% compared to the expected $-0.01. Revenue increased by $48 thousand year-over-year. The company's past earnings performance shows a pattern of missing EPS estimates, leading to significant share price drops, such as a 20% decrease following last quarter's earnings miss.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:50 pm

GBTC

Grayscale announces the launch of a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust (ticker: BTC), as a strategic spin-off from its Grayscale Bitcoin Trust (OTC:GBTC). This move aims to offer a more cost-effective product and revitalize GBTC amid financial challenges and significant outflows since its conversion to a spot Bitcoin ETF. The spin-off will transfer a portion of GBTC's Bitcoin holdings to the new Mini Trust, with GBTC shareholders receiving equivalent BTC shares, ensuring no tax liabilities. The exact details of the Bitcoin reallocation and management fees are yet undisclosed.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 9:42 pm

BIRD

EDUC

SGHC

SWIM

In Tuesday's after-market session, several consumer discretionary stocks showed notable movements. Educational Development, Golden Sun Health, Worksport, Barnes & Noble Education, 2U, and Xponential Fitness were among the gainers, with increases ranging from 4.98% to 35.3%. On the downside, Allbirds, Latham Group, Super Group, ZHONGCHAO, PlayAGS, and GEN Restaurant Group experienced declines between 5.1% and 15.1%, with some attributing their drops to recent Q4 earnings releases.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:33 pm