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AAPL

GLD

U.S. markets closed lower with major indexes down over 1%, impacted by declines in tech and chip sectors. Economic data showed a drop in U.S. factory orders and ISM services PMI. Apple shares fell due to decreased iPhone sales in China. Asian and European markets were mixed, with commodities like gold trading near lifetime highs amid U.S. rate cut expectations.

Portfolio Pulse from Akanksha Bakshi

March 06, 2024 | 12:08 pm

LSEA

Landsea Homes announced the pricing of a secondary common stock offering of 2.43 million shares at $11.60 per share, expected to close on March 8, 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:07 pm

TGT

Guggenheim analyst Robert Drbul has maintained a Buy rating on Target Corporation (NYSE:TGT) and increased the price target from $160 to $190, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:06 pm

VBNK

VersaBank (NASDAQ:VBNK) reported Q1 earnings of $0.35 per share, meeting analyst estimates, and a 40% increase from last year. However, sales of $21.20M missed estimates by 5.49%, despite being a 10.69% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:06 pm

TRIN

Trinity Cap (NASDAQ:TRIN) reported Q4 2023 earnings of $0.540 per share, surpassing the consensus estimate of $0.530. Sales reached $47.834M, exceeding the $46.418M estimate and marking a 15.24% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:05 pm

ARKK

TSLA

Tesla, Inc. (NASDAQ:TSLA) sees premarket stock rise after a two-day slide, potentially halting its recent decline. The drop was due to concerns over a possible Q1 deliveries shortfall. Bargain hunters and an overall positive sentiment towards tech stocks are contributing to the premarket activity. Ark Invest, led by Cathie Wood, purchased 79,956 Tesla shares, showing confidence in the stock. The stock's immediate support is around $180, with resistance at $202. Tesla's stock performance is closely watched ahead of its Q1 delivery report and influenced by various factors including China CPCA sales data and sell-side commentary.

Portfolio Pulse from Shanthi Rexaline

March 06, 2024 | 12:04 pm

HIPO

Hippo Holdings (NYSE:HIPO) reported Q4 2023 GAAP EPS of $(1.760), surpassing the $(1.790) estimate, with sales of $64.500M exceeding the $55.249M forecast, marking an 80.17% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:03 pm

TGT

Target Corp (NYSE:TGT) reported better-than-expected Q4 FY23 earnings, with revenue growth of 1.7% year-on-year to $31.92 billion and adjusted EPS of $2.98, surpassing analyst estimates. The company's CEO highlighted improved sales, traffic, and profitability, attributing success to the shopping experience offered. Target forecasts FY24 adjusted EPS of $8.60 – $9.60 and expects 0% – 2% growth in comparable sales. Following the report, Target shares surged 12%, and analysts from Morgan Stanley, HSBC, and Wells Fargo raised their price targets on TGT.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:03 pm

BRY

Berry Corp (NASDAQ:BRY) reported Q4 adjusted EPS of $0.13, missing the $0.24 estimate, and sales of $300.33M, beating the $182.37M estimate. This represents an 86.32% decrease in EPS and a 54.26% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:02 pm

GENI

Genius Sports (NYSE:GENI) reported Q4 earnings with a per-share loss of $(0.12), missing the $(0.07) estimate, but sales of $127.17M exceeded the $126.13M forecast. This represents an 80.95% improvement in losses and a 20.73% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:02 pm