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BTCUSD

ETHUSD

A CryptoPunk NFT, #3100, sold for $16M in Ethereum, marking a significant sale amid a resurgence in the NFT market and growing crypto risk appetite. This sale coincides with Bitcoin nearing its all-time high, driven by ETF demand and the upcoming halving event.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 7:31 am

JOAN

JWN

NIO

ROST

TGT

The CNN Money Fear and Greed index indicates 'Extreme Greed' in the market, despite a drop in the S&P 500 and Nasdaq from record highs. Macy's shares surged 13.6% after a raised acquisition offer, while JOANN Inc. shares plummeted 44% amid bankruptcy considerations. The market awaits earnings from Nordstrom, NIO, Target, and Ross Stores.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:25 am

BTCUSD

Anthony Scaramucci, former Trump aide and founder of SkyBridge Capital, believes Joe Biden's potential re-election in 2024 will positively impact Bitcoin and the markets. He emphasized the importance of government stability and the rule of law for the cryptocurrency market, suggesting that a Biden victory would ensure a predictable legal process for potential cryptocurrency regulation. BTC was trading up 5.93% at the time of the interview.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 7:21 am

AVAV

JWN

ROST

SFIX

TGT

U.S. stock futures traded lower, with focus on Target's expected earnings, AeroVironment's Q4 results, Ross Stores' earnings anticipation, Stitch Fix's disappointing Q2 results, and Nordstrom's expected earnings. Target and AeroVironment shares rose in after-hours trading, while Stitch Fix shares dipped significantly.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 7:20 am

ARBK

Argo Blockchain PLC (ARBK) announced the sale of its Mirabel Quebec Data Center for $6.1M and reported a 15% decrease in mining revenue for February 2024 to $4.5M, attributed to a 21% reduction in daily Bitcoin production due to maintenance-related outages and a 5% increase in average network difficulty.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:08 am

ATLC

Atlanticus Holdings (NASDAQ:ATLC) reported Q4 earnings of $1.10 per share, surpassing the $0.96 estimate, a 12.24% increase from last year. Sales reached $309.09M, beating the $306.38M estimate, marking a 14.86% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:08 am

SPY

Bank of America has increased its S&P 500 price target to 5,400, anticipating a 13% gain for the year, despite expecting a near-term pullback. This adjustment is based on strong earnings and historical patterns, though the bank has lowered its bullish conviction due to adjustments in its sell-side indicator and other measures. Concerns about an AI bubble and high P/E ratios among top S&P 500 companies have been raised by industry experts.

Portfolio Pulse from Benzinga Neuro

March 05, 2024 | 7:06 am

RNGR

Ranger Energy Services (NYSE:RNGR) reported Q4 earnings of $0.09 per share, missing the consensus estimate of $0.29 by 68.97%. Year-over-year, earnings decreased by 70% from $0.30 per share. Q4 sales were $151.50M, slightly above the estimate of $151.00M, but marked a 1.81% decrease from $154.30M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:05 am

DOGEUSD

SHIBUSD

Dogecoin (DOGE) has seen a significant surge in Google Trend searches, outperforming Shiba Inu (SHIB), despite SHIB's stronger price performance. DOGE's interest score reached 76 compared to SHIB's 30. This increase in interest comes as DOGE's price jumped over $0.10, now trading at $0.18, with speculation about reaching the $1 milestone. The price rally occurred without recent public support from Elon Musk, known for influencing DOGE's market dynamics. Dogecoin's futures open interest hit an all-time high of $1.4 billion, indicating increased investor optimism.

Portfolio Pulse from Mehab Qureshi

March 05, 2024 | 6:58 am

UTME

UTime has been granted a 180-day extension by Nasdaq to meet the minimum bid price rule, allowing the company more time to comply with stock listing requirements.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 6:51 am