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Bitcoin and Ethereum saw gains, with Bitcoin surpassing the $73,000 mark and Ethereum trading above $4,000. The global crypto market cap increased by 2.1% to $2.76 trillion. Toncoin and THORChain were among the top gainers, while Kaspa experienced the largest drop. The article lists the top ten crypto gainers and losers over the past 24 hours.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:49 pm

GXAI

VJET

WSM

U.S. stocks traded mixed with the Nasdaq Composite down and the Dow up. Williams-Sonoma reported better-than-expected earnings and announced a new $1 billion stock repurchase and dividend increase. Gaxos.ai surged after acquiring AI technology rights, while voxeljet announced a voluntary Nasdaq delisting. Energy shares led gains, while information technology shares lagged.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:49 pm

SHEL

Shell PLC (NYSE:SHEL) is reportedly planning to cut at least 20% of jobs in its deals team as part of a broader restructuring effort aimed at reducing costs and focusing on performance, discipline, and simplification. The cuts are part of a strategy to create more value with less emissions, involving portfolio high grading, new efficiencies, and a leaner organization. Shell's CEO Wael Sawan is committed to improving performance and boosting investor returns. SHEL shares rose 1.3% to $65.36.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 1:47 pm

FCX

Whales have shown a bearish stance on Freeport-McMoRan (FCX), with 69% of detected trades being bearish. The trading activity suggests a price target range between $30.0 and $42.5. Notable options activity includes both bullish and bearish sentiments, with a current stock price of $41.57 and a neutral RSI. The company's earnings release is anticipated in 37 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

ADBE

Recent options activity for Adobe (NASDAQ:ADBE) shows a bearish sentiment among investors, with 72% of trades being bearish. The activity includes 22 trades, with a notable range of strike prices from $445.0 to $630.0. The volume and open interest suggest whales are targeting this price range for Adobe over the last 3 months. Noteworthy trades include both bullish and bearish sentiments, with significant total trade prices. Adobe's current market status is neutral with a price of $579.13, and experts have set an average target price of $682.5 for the stock.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen unusual options activity, with a bearish sentiment from big-money traders despite a split overall sentiment (30% bullish, 69% bearish). Notable trades include puts and calls with a focus on a price band between $760.0 and $1500.0. The company, a major player in the semiconductor and software industries, has a current stock price of $1280.62, down by -0.87%. Analysts have mixed views, with target prices ranging from $1450 to $1650, reflecting a cautious but generally positive outlook.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

UAVS

AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading drone solutions provider, announced a shareholder letter from Chairman Grant Begley, highlighting the company's evolution, product offerings, and strategic accomplishments. Begley emphasized AgEagle's transition from a local agricultural drone provider to a global leader in drone technology with applications across various sectors. The letter mentioned the introduction of eBee VISION for defense and security, FAA certification, and the Defense Innovation Unit's endorsement. Recent achievements include leadership team expansions, sales to UT-Battelle and ADS Inc., and recognition as a top AI company in agriculture. Financially, AgEagle addressed its micro cap status, sales stagnation, and high expenses in 2023, but anticipates growth with the eBee VISION. A 20-to-1 reverse stock split was approved to attract more investors and support business growth.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:43 pm

NVDA

QCOM

Cerebras Systems announced the launch of its new AI processor, the Wafer-Scale Engine 3 (WSE-3), which offers double the performance of its predecessor at the same price. The WSE-3, built on a 5nm process by Taiwan Semiconductor Manufacturing Co, features 4 trillion transistors and is capable of 125 petaflops of computing. Cerebras, competing with Nvidia's AI chips, aims to outperform with its single large chip design. The company is cash flow positive and plans to sell WSE-3 systems with Qualcomm's AI 100 Ultra chips for AI applications.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 1:40 pm

SLGL

Sol-Gel Technologies (NASDAQ:SLGL) reported Q4 earnings with an EPS of $-0.17, matching estimates, and a revenue increase of $347 thousand from the previous year. Despite meeting EPS estimates, past performance shows a 7% drop in share price following last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:40 pm

INDP

Indaptus Therapeutics (NASDAQ:INDP) reported Q4 earnings, beating estimates with an EPS of $-0.46 against an expected $-0.54. However, revenue remained unchanged from the previous year. Despite beating last quarter's EPS estimates, the share price dropped by 10% the following day.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:40 pm