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U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Energy shares rose by 0.4%, while real estate shares fell by 0.6%. Dollar General reported better-than-expected Q4 earnings, with a sales decline of 3.4% but still beating estimates. Turtle Beach, VAALCO Energy, and Build-A-Bear Workshop saw their shares rise after positive financial results or acquisitions. Conversely, Spruce Biosciences, Fisker, and Better Therapeutics experienced significant drops, with Fisker preparing for possible bankruptcy and Better Therapeutics seeking strategic alternatives.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 4:14 pm

SMCI

Super Micro Computer shares are trading lower due to a pullback in tech stocks following the release of February PPI data.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:11 pm

DG

Dollar General shares are trading lower, reversing earlier gains that followed the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:08 pm

STI

Solidion Technology announced the pricing of a $3.85 million private placement, leading to its shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 4:08 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) shares are trading lower, down 6.46% at $1,652, after a significant rally of over 130% in the last month. The decline follows the announcement of a proposed $500 million offering of convertible senior notes to buy more Bitcoin. The company's aggressive Bitcoin acquisition strategy has been a key driver of its stock performance, with approximately 205,000 bitcoins held as of March 10. However, the recent dip in Bitcoin prices, down more than 1% to around $71,790, may also be contributing to the stock's pullback.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 4:06 pm

AVAXUSD

Avalanche (AVAX) is trading lower by 2.65% at $53.36, amid a broader downturn in altcoins and a 2.5% drop in Bitcoin to $71,500. The article discusses how Bitcoin's price movements impact Avalanche, noting that Bitcoin's appreciation often leads to increased interest and investment in altcoins like Avalanche. It highlights Avalanche's innovative consensus mechanism and scalability, suggesting that Bitcoin's success could drive growth and development in the Avalanche ecosystem.

Portfolio Pulse from Henry Khederian

March 14, 2024 | 4:05 pm

FF

FutureFuel reported a Q4 EPS of $0.53, up 55.88% from $0.34 YoY, but sales decreased 21.91% to $92.00M from $117.82M YoY.

Portfolio Pulse from Happy Mohamed

March 14, 2024 | 4:04 pm

HLT

Hilton Hotels Corporation (NYSE:HLT) has announced a $210 million acquisition of the Graduate Hotels brand from Adventurous Journeys Capital Partners (AJ Capital). The deal includes franchise agreements for over 35 existing and pipeline Graduate properties, with AJ Capital retaining ownership. Hilton anticipates a $16 million fee contribution in the first year post-acquisition, expecting the transaction to close in Q2 and to be immediately accretive. Graduate Hotels will be bookable through Hilton channels later this year.

Portfolio Pulse from Shivani Kumaresan

March 14, 2024 | 4:01 pm

GS

Deep-pocketed investors have shown a bearish sentiment towards Goldman Sachs Gr (NYSE:GS), as revealed by Benzinga's tracking of public options records. The analysis of 11 extraordinary options activities indicates a divided mood among investors, with a significant lean towards bearishness. The options data suggests a price target range for GS between $340.0 and $430.0 over the next three months. Current trading volume and price trends, along with professional analyst ratings, suggest a cautious but potentially rewarding approach for traders.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 4:01 pm

ETN

Eaton Corp (NYSE:ETN) has received diverse analyst ratings over the last three months, with a total of 7 analysts offering views ranging from bullish to bearish. The recent updates show a shift towards more positive ratings, with significant raises in price targets by analysts from firms like RBC Capital, Berenberg, Evercore ISI Group, Citigroup, UBS, and Wells Fargo. The average 12-month price target is now $293.86, marking a 22.95% increase from the previous average of $239.00. Eaton's financial performance is strong, with a market capitalization above industry averages, a revenue growth rate of 10.83%, a net margin of 15.84%, and impressive ROE and ROA figures.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 4:01 pm