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KIRK

Kirkland's Inc (NASDAQ:KIRK) shares rose after reporting Q4 FY23 results with revenue of $165.9 million, slightly below consensus but with significant improvements in gross profit margin, adjusted EBITDA, and EPS. The company highlighted growth in same-store sales, a reduction in e-commerce sales decline, and benefits from strategic repositioning initiatives. Kirkland's ended the quarter with net income of $10.1 million, a turnaround from the previous year's loss, and reported $40.0 million in outstanding debt.

Portfolio Pulse from Lekha Gupta

March 21, 2024 | 1:46 pm

SPY

The S&P Global Services PMI for March was reported at 51.7, falling short of the estimated 52.0 and the previous month's 52.3, indicating a slight slowdown in the services sector.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:45 pm

SPY

The S&P Global U.S. Manufacturing Purchasing Managers' Index (PMI) for March was reported at 52.5, surpassing the estimated 51.8 and the previous month's figure of 52.2. This indicates a stronger expansion in the manufacturing sector than anticipated.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:45 pm

CZOO

Trading of Cazoo Group Ltd (CZOO) shares resumed after a temporary halt due to a circuit breaker trigger. The halt was implemented to manage volatility in the stock's price.

Portfolio Pulse from Happy Mohamed

March 21, 2024 | 1:43 pm

SPY

The Federal Reserve's dovish stance, as revealed in the March meeting, has led to a market rally, with the SPDR S&P 500 ETF Trust (SPY) reaching new heights. Ed Yardeni highlighted the Fed's decision to maintain its projection for three 25 basis point reductions in the federal funds rate within the year, despite improved GDP growth and inflation forecasts. Fed Chair Powell's confirmation of a dovish position and readiness to lower rates if inflation continues to decrease has fueled optimism, pushing the S&P 500 closer to Yardeni's year-end target of 5,400. However, Yardeni warns of potential risks due to overwhelmingly positive market sentiment.

Portfolio Pulse from Piero Cingari

March 21, 2024 | 1:42 pm

BTCUSD

ETHUSD

Bitcoin and Ethereum saw significant gains, with Bitcoin surpassing the $67,000 mark and Ethereum trading above $3,500, following the Fed's decision to keep interest rates unchanged. Ondo emerged as the top gainer with a 31.6% increase, while Render experienced the largest loss. The global crypto market cap increased by 5.5% to $2.55 trillion.

Portfolio Pulse from Avi Kapoor

March 21, 2024 | 1:41 pm

AXL

Traders are closely watching American Axle & Manufacturing (AXL) as shares experience increased volume following a blog post suggesting that the company is a target for acquisition.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:37 pm

FIVE

MU

SMH

SPY

Semiconductor stocks, including the ETF SMH, gained following positive developments from Micron (MU). Five Below (FIVE) experienced a decline after its earnings report. Overall, stock indexes, represented by SPY, increased after the Federal Reserve's decision.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 1:37 pm

BNOX

Bionomics Limited (NASDAQ:BNOX) released detailed data from its Phase 2b ATTUNE trial of BNC210 for PTSD, showing significant improvements in primary and several secondary endpoints. The trial demonstrated BNC210's efficacy in reducing PTSD symptoms, depressive symptoms, and improving sleep, with a favorable safety profile. Bionomics plans to discuss these results with the FDA in Q2 2024 and proceed to a late-stage trial in Q4 2024. Following the news, BNOX shares experienced volatility, dropping 1.09% to $1.03 after initially spiking to $1.30 in premarket trading.

Portfolio Pulse from Vandana Singh

March 21, 2024 | 1:36 pm

SWKH

SWK Holdings (NASDAQ:SWKH) reported Q4 earnings with an EPS of $0.23, missing estimates by -23.0% against an expected $0.3. Revenue increased by $93 thousand year-over-year. Previously, the company had beaten EPS estimates in Q3 2023, which led to a 1.0% share price increase the following day.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 1:35 pm