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JD

JD.Com's shares surged following the announcement of its Q4 financial results, which exceeded expectations. Additionally, the company announced a new stock buyback program and its first annual cash dividend, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:16 am

HIPO

Hippo Holdings (NYSE:HIPO) reported Q4 GAAP EPS of $(1.76), surpassing the $(2.01) estimate, and sales of $64.50M, exceeding the $55.25M estimate. This represents a significant improvement over the previous year, with a 35.77% decrease in losses per share and an 80.17% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:14 am

UMC

United Microelectronics Corporation (NYSE:UMC) reported a 3.07% year-over-year decrease in February sales, totaling NT$17.45 billion. The January-February period saw a slight revenue drop of 0.15% to NT$36.464 billion, with February revenues falling 8.2% from January. UMC anticipates a 2%-3% increase in Q1 wafer shipments but expects a 5% decrease in ASP in USD. The company plans a $3.3 billion capex for 2024 and forecasts capacity utilization in the low 60% range. UMC's shares fell 1.29% to $7.64 on Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 11:13 am

DOGEUSD

Cryptocurrency analyst Altcoin Sherpa predicts Dogecoin (DOGE) could reach $1, citing Elon Musk's influence and its status as the top meme coin. Despite recent corrections, DOGE's price has surged, with a 128% increase this month and a 97% jump in the past week. Another analyst, Kaleo, also hints at further rises, suggesting a potential move towards $0.67. Dogecoin's futures open interest has hit an all-time high of $1.4 billion.

Portfolio Pulse from Mehab Qureshi

March 06, 2024 | 11:12 am

GOEV

Canoo has announced a 1-for-23 reverse stock split effective March 8, 2024. The company's common stock will continue to trade on The Nasdaq Capital Market under the ticker symbol 'GOEV' on a split-adjusted basis starting March 8, 2024. The new CUSIP number for Canoo's Common Stock will be 13803R201.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:07 am

MRAI

Marpai, Inc. (NASDAQ:MRAI) announced preliminary Q4 net revenue of $8.7M, slightly below estimates, and FY23 net revenue of $37.2M, surpassing estimates. The company showed significant improvements in operating expenses and operating loss, but expects a $3.0M goodwill impairment charge in Q4. Full results will be released on March 26, 2024, with a webcast on March 27.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:06 am

CTRE

CareTrust REIT has expanded its portfolio by acquiring a three-property skilled nursing portfolio located in Texas and Missouri. This strategic move is aimed at enhancing CareTrust's presence in these regions and diversifying its portfolio in the skilled nursing sector.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:06 am

EWCZ

European Wax Center (EWCZ) reported Q4 sales of $56.33M, surpassing the $54.08M estimate, marking a 4.15% beat and a 5.24% increase from the previous year. Net income for the quarter was $3.6M.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:05 am

ALB

Albemarle Corporation (NYSE:ALB) has upsized its offering of depositary shares from $1.75 billion to $2.0 billion, with each share priced at $50. The offering includes 40,000,000 depositary shares, each representing a 1/20th interest in a share of Series A Mandatory Convertible Preferred Stock. Additionally, Albemarle has granted underwriters a 30-day option to purchase up to an additional 6,000,000 shares. The offering is set to close on March 8, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 11:03 am

FERG

Barclays analyst Matthew Bouley has maintained an Overweight rating on Ferguson (NYSE:FERG) and increased the price target from $208 to $236.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 10:53 am