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FMET

KWEB

WB

Weibo Corp (NASDAQ: WB) reported Q4 fiscal 2023 revenue of $463.67 million, a 3% Y/Y increase, surpassing consensus estimates. Adjusted EPS was $0.31, missing the consensus of $0.50. The company announced a special dividend of $0.82 per share. MAUs and DAUs increased to 598 million and 257 million, respectively. Weibo's stock climbed 5.77% in premarket trading. Exposure to Weibo can also be gained through KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) and Fidelity Metaverse ETF (NASDAQ:FMET).

Portfolio Pulse from Anusuya Lahiri

March 14, 2024 | 9:50 am

AAPL

HNHPF

NVDA

Foxconn, an Apple Inc. supplier, is partnering with Nvidia to enter the AI server market, as reported by analyst Ming-Chi Kuo. Nvidia has shifted its strategy on the GB200 GPU development, reducing reliance on Foxconn's Ingrasys, which may affect market perceptions of Foxconn's advantages. The GB200 GPU, crucial for 2024-2025 AI strategies, faces low shipment visibility due to customer concerns over ROI and bargaining power with Nvidia. This move by Foxconn aims to counteract its revenue dip amid slow market demand.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 9:31 am

OPRT

Jefferies analyst John Hecht downgraded Oportun Financial (NASDAQ:OPRT) from Buy to Hold and reduced the price target from $9 to $3.5, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:28 am

TEL

TE Connectivity announced a proposal by its Board of Directors to change the company's place of incorporation from Switzerland to Ireland. This strategic move is subject to shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:24 am

UAA

Williams Trading analyst Sam Poser downgrades Under Armour (NYSE:UAA) from Buy to Hold and sets a new price target of $8.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:24 am

TSLA

Ross Gerber has expressed concerns about Tesla Inc.'s (NASDAQ:TSLA) strategy and valuation, highlighting stagnant growth and questioning the company's profitability amid high energy prices and inflation. Despite his appreciation for Tesla, Gerber points out the market's revaluation of Tesla's stock, which has recently faced a downgrade by Wells Fargo and bearish outlooks from analysts.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 9:18 am

WB

Weibo Corp's shares surged following the announcement of their Q4 financial results, which exceeded revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:13 am

ETHUSD

HAIUSD

Hacken, a blockchain security company, announced the tokenization of its equity, linking it to its native cryptocurrency HAI, causing a 12% surge in HAI's trading volume and pushing its market cap to $57M. Hacken plans to convert 10% of its equity into tokenized shares on the Ethereum blockchain, equivalent to 100 million HAI tokens. Additionally, Hacken intends to burn 87% of the HAI tokens acquired in this process as part of its goal to become a publicly traded entity.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 9:12 am

ADBE

DG

DKS

PATH

VRM

Ahead of Thursday's trading, notable movements and expectations include Dollar General's anticipated earnings report, UiPath's strong financial results and revenue guidance, Adobe's awaited earnings release, Vroom's reported loss but sales beat, and Dick's Sporting Goods' expected earnings. These developments have led to various after-hours trading adjustments for these companies.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 9:10 am

WB

Weibo Corp reported an increase in Q4 Monthly Active Users (MAUs) to 598 million in December 2023, up by 11 million from the previous year. Mobile MAUs accounted for 95% of this figure. Additionally, Daily Active Users (DAUs) rose to 257 million, marking a 5 million increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:06 am