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BTCUSD

Bitcoin's value has decreased in response to the release of March inflation data, which was higher than anticipated.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:09 pm

MNDR

Shares of Mobile-Health Network Solutions (MNDR) resumed trading and were then halted again due to a circuit breaker triggered by a rapid increase in the stock price. This indicates a significant market reaction to recent developments or news related to the company.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:07 pm

TSM

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) faced a production halt due to a strong earthquake in Taiwan, potentially impacting its June-quarter sales. However, Needham analyst Charles Shi remains optimistic, reiterating a Buy rating and raising the price target from $133 to $168. Shi believes TSM can recover lost sales in Q3 and meet its full-year growth targets, positioning it as a strong AI pick-and-shovel investment opportunity. TSM shares rose 1.68% to $147.84 following the news.

Portfolio Pulse from Priya Nigam

April 10, 2024 | 3:07 pm

BSFC

Blue Star Foods shares surged following the announcement of a supply agreement with Eagle Rising to provide food solutions to the US Military. This deal marks a significant milestone for Blue Star Foods, potentially expanding its market presence and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:06 pm

FANH

WDH

Zhongmiao Innovation Technology, backed by Haier Group, has filed for a Hong Kong IPO, showcasing strong profits with a focus on corporate insurance and a light cost structure. Despite a slowing economy, Zhongmiao's revenue grew by 17% to $24 million in 2023, with a gross profit margin over 40%. Its cost efficiency contrasts sharply with rivals Fanhua and Waterdrop, which have higher operating expenses and, in Waterdrop's case, an operating loss. Zhongmiao's corporate insurance sales, making up 41% of revenue with a 66% gross profit margin, significantly contribute to its profitability. However, the company faces risks from heavy reliance on a few underwriters and potential regulatory crackdowns.

Portfolio Pulse from The Bamboo Works

April 10, 2024 | 3:06 pm

MATICUSD

Polygon (CRYPTO: MATIC) has seen a 4.23% decrease in price over the last 24 hours, continuing a negative trend with a 3.0% loss over the past week. The trading volume for MATIC has increased by 13.0%, and its circulating supply has risen by 0.05% to over 9.28 billion, representing 92.83% of its max supply. Currently, MATIC's market cap ranks #20 at $8.12 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:03 pm

LI

MCHI

NIO

Zeekr Intelligent Technology Holding Ltd. is accelerating its U.S. IPO process amid declining valuations for Chinese NEV makers, including peers Li Auto (NASDAQ:LI) and Nio (NYSE:NIO). Zeekr's revenue growth slowed significantly in the second half of last year, and it now aims to raise around $500 million, down from an initial target of over $1 billion. The broader market for Chinese companies listing in the U.S. is weak, and NEV stocks are underperforming due to concerns over a slowdown in China and Western limits on Chinese-made NEVs.

Portfolio Pulse from The Bamboo Works

April 10, 2024 | 3:03 pm

DOTUSD

Polkadot (CRYPTO: DOT) has seen a 4.96% decrease in price over the last 24 hours, landing at $8.32. This decline is part of a broader negative trend over the past week, with a total loss of 3.0% from $8.55. Despite the price drop, trading volume for DOT has increased by 28.0%, while its circulating supply slightly decreased by 0.06%, now standing at 1.35 billion. Polkadot's market cap ranking is currently #15, valued at $11.25 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:02 pm

NEARUSD

NEAR Protocol (CRYPTO: NEAR) experienced a 6.48% price drop in the last 24 hours, continuing a week-long negative trend. Despite this, its trading volume has increased by 12%, and the circulating supply has risen by 1.89% to 1.06 billion. NEAR's market cap ranking is now #22 at $7.26 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:02 pm

CTRA

Analyst ratings for Coterra Energy (NYSE:CTRA) show a mix of bullish to bearish sentiments, with recent actions including both upgrades and downgrades. The average 12-month price target is $32.53, up from $32.08. Coterra faces challenges in revenue, net margin, ROE, and ROA, but has a low debt-to-equity ratio. The company operates in the Permian Basin, Marcellus Shale, and Anadarko Basin.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:01 pm