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GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares are trading lower today, following a pullback after a surge on Friday due to better-than-expected fourth-quarter earnings. The company reported a Q4 revenue of $244.74 million and earnings of 87 cents per share, surpassing estimates. Marketplace GMV, active third-party sellers, active buyers, and spend per active buyer all saw significant increases. CEO Larry Wu highlighted the quarter as a historic revenue peak and a step forward in global expansion, partly due to the integration of Noble House and Wondersign. GigaCloud has provided a Q1 revenue guidance of $230 million to $240 million, above estimates.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 4:22 pm

GOEV

SOND

SWIN

VERB

WKSP

WLDS

U.S. stocks traded higher with the Dow, NASDAQ, and S&P 500 all seeing gains. The NAHB/Wells Fargo Housing Market Index rose to 51 in March, indicating a positive outlook for the housing market. Canoo Inc. (GOEV) surged 53% after its Oklahoma City facility was approved as a Foreign Trade Zone. Wearable Devices Ltd. (WLDS) and Verb Technology Company, Inc. (VERB) also saw significant gains. Conversely, Solowin Holdings (SWIN), Sonder Holdings Inc. (SOND), and Worksport Ltd. (WKSP) experienced notable declines.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 4:20 pm

AAPL

GOOG

GOOGL

Apple Inc is in discussions with Alphabet Inc to integrate Google's Gemini AI engine into the iPhone, potentially leading to incremental hardware features in 2025. BofA Securities analyst Wamsi Mohan maintains a Buy rating and a $225 price target for Apple, citing a potential 'multi-year upgrade cycle' and improved gross margins. The collaboration could involve a licensing deal, with considerations on whether to use a cloud-based model or an on-device option. Apple's shares rose by 1.61% to $175.41.

Portfolio Pulse from Priya Nigam

March 18, 2024 | 4:20 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The options scanner revealed 66 extraordinary activities, with a split sentiment of 51% bullish and 48% bearish. Notable trades include calls and puts with strike prices ranging from $140 to $290. AMD's current trading volume is 32,199,324, with a slight price increase of 0.37% to $191.76. Analyst ratings over the past month suggest an average target price of $214, with varying recommendations from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:16 pm

Recent options trading activity for Block (NYSE:SQ) shows a predominantly bearish sentiment among investors, with 70% of detected trades being bearish. The trading volume and open interest analysis indicate a price target range of $45.0 to $100.0 for Block. The company's current market position is stable with a slight increase in stock price to $80.4, though it may be approaching overbought territory. Analysts have mixed opinions, with price targets ranging from $78 to $100, reflecting a cautiously optimistic outlook.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:15 pm

CSGP

CoStar Group's stock price increased following price target upgrades from multiple analysts.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:14 pm

CHTR

Charter Communications' stock is trading higher following an upgrade by Bernstein from Market Perform to Outperform, with a new price target of $370.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:13 pm

SOL

Solana (SOL) experienced an 8% gain, reaching all-time high levels, driven by a significant whale deposit of 200,000 SOL ($39.85M) into Binance and a surge in interest in Solana-based meme coins. The cryptocurrency's weekly gain stands at 40%, with its valuation surpassing BNB's. Solana's total value locked is at $4.3 billion, indicating a 119% growth over the past month. Interest in Solana and its altcoins, including Dogwifhat and Jito Network, is increasing, with potential for significant gains.

Portfolio Pulse from Khyathi Dalal

March 18, 2024 | 4:08 pm

GSK

HLN

PFE

Pfizer Inc plans to reduce its stake in Haleon Plc to about 24%, selling approximately 630 million shares valued at £2 billion. This follows Pfizer's strategy to divest its ownership in Haleon, a company known for brands like Sensodyne, which emerged from a merger between Pfizer's and GSK Plc's consumer healthcare divisions in 2019. Haleon intends to buy back £500 million of shares in 2024 and repurchase about £315 million of shares from Pfizer off-market. GSK has also been reducing its stake in Haleon, with its latest sale in January bringing its ownership down to 4.2%.

Portfolio Pulse from Vandana Singh

March 18, 2024 | 4:08 pm

MSTR

The article provides a detailed comparison of MicroStrategy Inc (NASDAQ:MSTR) against its competitors in the Software industry, focusing on key financial metrics. MicroStrategy shows a mixed performance with a PE ratio slightly below the industry average, suggesting potential growth, but its high PS ratio indicates possible overvaluation based on sales. The company's lower ROE, negative EBITDA, and declining revenue growth compared to peers highlight areas of concern. Additionally, MicroStrategy's lower debt-to-equity ratio suggests a stronger financial position relative to its top 4 competitors.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:01 pm