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BLK

NKLA

NVDA

TSLA

The crypto market cap surpasses $2.6 trillion, driven by Dogecoin's spike and BlackRock's successful Bitcoin ETF. In US markets, Nvidia is removed from Piper Sandler's model portfolio, and the S&P 500 hits a new record. Biden's comprehensive policy for federal AI use is unveiled, amid various political and economic developments globally. In tech, significant investments in AI and lithium signal industry confidence. The electric vehicle sector sees mixed fortunes, with Tesla adjusting to Mexico's EV charging rules and Nikola launching a hydrogen fueling station.

Portfolio Pulse from Akanksha Bakshi

March 28, 2024 | 12:49 pm

RSLS

ReShape Lifesciences' stock is trading higher following the company's announcement of receiving a notice of allowance for a new US patent concerning its intragastric balloon system.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:49 pm

CRVO

CervoMed's stock price has increased following the announcement of a private placement financing. This move is likely to provide the company with additional capital, potentially boosting its operations and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:48 pm

GOOG

META

MSFT

NFLX

SNAP

SPOT

LinkedIn, owned by Microsoft Corp (NASDAQ:MSFT), is testing a TikTok-style short-form video feed focused on professional growth content, entering the competitive short video space alongside Meta Platforms Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Snap Inc (NYSE:SNAP), Netflix Inc (NASDAQ:NFLX), and potentially Spotify Technology SA (NYSE:SPOT) which is exploring full-length music videos. This move aims to adapt to evolving content consumption habits and leverage the popularity of career advice on platforms like TikTok.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 12:48 pm

DTST

Data Storage (NASDAQ:DTST) reported a significant improvement in Q4 EPS to $(0.01) from $(0.46) YoY, but missed sales estimates with $6.19M against the expected $6.30M. Sales increased by 3.72% YoY.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:47 pm

SPY

UUP

U.S. GDP growth for Q4 2023 was revised up to 3.4%, indicating solid economic activity despite a deceleration from the previous quarter's 4.9%. The revision was due to increased consumer spending and government investment, offset by lower private inventory and exports. Meanwhile, jobless claims were lower than expected, suggesting a strong labor market. The U.S. dollar strengthened following Fed remarks, impacting the Invesco DB USD Index Bullish Fund ETF (UUP), while the SPDR S&P 500 ETF Trust (SPY) reached a record high.

Portfolio Pulse from Piero Cingari

March 28, 2024 | 12:46 pm

DAT

PLTR

SHLD

Palantir Technologies Inc. (NYSE:PLTR) shares are trading lower in the premarket session despite announcing a 12-month agreement with The Ministry of Education and Science of Ukraine to support the School Offline program, aiming to enhance safe educational access for 300,000 more students. The initiative is part of Palantir's ongoing support for Ukraine, including military, resettlement, war crimes investigation, and demining efforts. Investors can also gain exposure to PLTR through ProShares Big Data Refiners ETF (NYSE:DAT) and Global X Funds Global X Defense Tech ETF (NYSE:SHLD).

Portfolio Pulse from Nabaparna Bhattacharya

March 28, 2024 | 12:45 pm

CASI

CASI Pharmaceuticals reported Q4 losses of $(0.45) per share, missing the $(0.24) estimate, and sales of $6.87M, missing the $9.41M estimate. This represents a significant decrease in performance compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:45 pm

BETR

Better Home & Finance (NASDAQ:BETR) reported its Q4 sales at $9.25 million.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:44 pm

SBOW

SilverBow Resources reported a Q4 net income of $183M, or $7.12 per share, and highlighted its strategic implementation and business momentum. The company rejected Kimmeridge's proposal, deeming it undervalues SilverBow, and emphasized the need for due diligence on Kimmeridge Texas Gas (KTG) assets. SilverBow launched a website for shareholder information and filed a preliminary proxy statement for its 2024 annual meeting. The company also outlined governance enhancements and its commitment to shareholder value, citing significant progress and positive business momentum, including record Q4 results and a transformative acquisition in South Texas.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 12:43 pm