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PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares surged in premarket trading after securing a $178.4 million contract from the Army Contracting Command for the TITAN ground station system, leveraging AI and ML for deep-sensing capabilities. Additionally, Palantir announced over 60 customers will showcase at its AIPCon, including 20+ new customers and partners. The company also revealed a new partnership with the Ministry of Economy of Ukraine, contributing to the stock's 9.45% increase to $26.06.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 1:53 pm

TCRX

TScan Therapeutics (NASDAQ:TCRX) reported Q4 earnings with an EPS of $-0.21, beating estimates by 28%, and revenue increased by $4.12 million year-over-year. The company has a history of beating EPS estimates, which previously led to a 4.0% share price increase.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:45 pm

BRK-B

C

EWJ

SLB

On CNBC's 'Halftime Report Final Trades,' experts shared their top picks including iShares MSCI Japan ETF (EWJ), Schlumberger Limited (SLB), Berkshire Hathaway Inc. (BRK-B, BRK-A), and Citigroup Inc. (C). Schlumberger reiterated its 2024 guidance, Berkshire Hathaway received a price target increase from UBS, and Citigroup reported a revenue decline but beat EPS consensus. The stocks showed varied price actions on Tuesday.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 1:45 pm

FL

Foot Locker Inc (NYSE:FL) reported Q4 FY23 sales of $2.38 billion, surpassing analyst estimates of $2.28 billion, with a 2% year-on-year growth. However, comparable store sales fell by 0.7%, and adjusted EPS of $0.38 beat the consensus of $0.32. The company experienced a gross margin contraction of 350 basis points due to higher markdowns, despite occupancy leverage. Operating income declined by 44% to $33 million, with a 1.4% operating margin. Foot Locker opened 29 new stores, remodeled or relocated 66, and closed 113 stores. For FY24, it forecasts comparable sales growth of 1% to 3% and expects sales to range between -1% and +1%, with adjusted EPS of $1.50 to $1.70, below the consensus of $1.93. Shares dropped 12.5% to $30.01 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 06, 2024 | 1:44 pm

NEPT

Neptune Wellness Solutions Inc. (NASDAQ:NEPT) announced its common shares will be delisted from Nasdaq following a decision by the Nasdaq Hearings Panel. The decision came after Neptune failed to meet the minimum bid price and stockholders' equity requirements for continued listing. Despite an appeal, the Panel upheld the delisting determination. Trading of Neptune's common shares on Nasdaq will be suspended starting March 7, 2024. Neptune is seeking to have its shares quoted on the OTCQB Venture Market.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:42 pm

XTKG

X3 Holdings Co., Ltd. (NASDAQ:XTKG) announced a 6% common stock dividend to be distributed on May 27, 2024, to shareholders of record as of April 26, 2024. This move aims to boost shareholder value and liquidity, reflecting the company's commitment to its investors and confidence in future growth.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:41 pm

CISO

CISO Global (NASDAQCM: CISO) announced a 1-for-15 reverse stock split effective March 7, 2024, to reduce outstanding shares from 180 million to 12 million, aiming to increase share price for Nasdaq compliance and future value creation. The adjustment includes equity-based awards, warrants, and convertible notes, with no fractional shares issued. The stock will trade under a new CUISP and ISIN number starting March 8, 2024. Additionally, CISO is deploying an AI-powered security solutions suite valued over $50 million.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:39 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) announced the pricing of its $700 million convertible senior notes offering, upsized from an initially expected $600 million. The company plans to use the proceeds to purchase more bitcoin and for general corporate purposes. This follows a surge in MicroStrategy shares by over 106% in the last month, attributed to rising bitcoin prices and the company's significant bitcoin holdings.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 1:39 pm

CJET

Chijet Motor Company, Inc. (NASDAQ:CJET), a Chinese high-tech enterprise, has exported 100 Senia R7 taxis to Colombia through its subsidiary FAW Jilin, marking a significant step in its global expansion. The deal is valued at $785,000. This move into South America reflects Chijet's commitment to entering new markets and its focus on sustainable transportation. The company anticipates increased exports in 2024 and plans further expansion into North Africa, the Middle East, Central Asia, and Oceania.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:38 pm

SDIG

Stronghold Digital Mining (NASDAQ:SDIG) reported Q4 sales of $21.74M, missing the consensus estimate of $22.21M by 2.12% and marking a 7.12% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:36 pm