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TENX

Tenax Therapeutics' shares surged following the announcement that the USPTO has granted a notice of allowance for its U.S. patent application for Levosimendan, aimed at treating Pulmonary Hypertension with Heart Failure with Preserved Ejection Fraction.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:34 pm

BTCUSD

ETHUSD

XMRUSD

Bitcoin and Ethereum experienced declines, with Bitcoin falling below the $43,000 mark and Ethereum staying above $2,300. The global crypto market cap decreased by 0.8% to $1.64 trillion. Ethereum Name Service was the top gainer, while Monero was the biggest loser among cryptocurrencies over the past 24 hours.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 2:34 pm

MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has significantly outperformed the market, with an average annual return of 30.35%, turning a $100 investment into $1,442.80 today. MSCI's market capitalization currently stands at $46.14 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:31 pm

ARES

Ares Management (NYSE:ARES) has significantly outperformed the market over the past 5 years, with an annualized return of 42.59%, turning a $1000 investment into $5,804.26. The company's market capitalization stands at $23.54 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 2:30 pm

CAT

Goldman Sachs analyst Jerry Revich maintains a Buy rating on Caterpillar (NYSE:CAT) and raises the price target from $274 to $357, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:29 pm

WEWKQ

Adam Neumann, former CEO and founder of WeWork Inc. (OTCPK: WEWKQ), is attempting to acquire the company, now in bankruptcy, with backing from Third Point. Neumann, who left the company in 2019 with a substantial exit package, is collaborating with investors to craft a bid for WeWork, either in whole or for significant assets. The company, once valued at $50 billion, is now estimated to be worth as low as $500 million. WeWork's financial difficulties are attributed to its business model and management issues. The bankruptcy process has been focused on a restructuring plan favoring senior creditors, with SoftBank being a major creditor.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 2:28 pm

CHGG

Chegg shares are trading lower following the company's announcement of weak Q1 guidance, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:26 pm

HTZ

Hertz Global Holdings Inc (NASDAQ:HTZ) stock fell after reporting mixed Q4 2023 results with a 7% revenue growth to $2.18 billion, surpassing expectations. However, it posted an adjusted EPS loss of $(1.36), missing the consensus loss of $(0.76). The company saw increased volume across various customer channels but faced challenges with its electric vehicle fleet and other costs. Despite these issues, CEO Stephen Scherr expressed confidence in the company's future performance improvements.

Portfolio Pulse from Anusuya Lahiri

February 06, 2024 | 2:24 pm

AUDC

AudioCodes shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:22 pm

AI

AMD

BABA

LLY

MAGA

NVDA

PLTR

SMCI

SPOT

TSLA

The top 10 trending stocks on WallStreetBets as of February 6, 2024, include NVDA, PLTR, LLY, SMCI, TSLA, MAGA, AMD, BABA, AI, and SPOT, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 2:21 pm