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Visa Inc. (NYSE:V) reported strong fiscal Q1 2024 results, with an 8% increase in payments volume and a 16% rise in cross-border volume. GAAP EPS rose by 20%, and non-GAAP EPS by 11%. The company expanded its acceptance locations by 17% and network tokens by 55%. Despite challenges like Regulation II impact and weather-related slowdowns, Visa remains optimistic about its future, bolstered by strategic partnerships and a commitment to innovation.

Portfolio Pulse from Tornado

March 04, 2024 | 2:43 pm

BTCUSD

DOGEUSD

Dogecoin (DOGE) experienced a 15% jump amid ETF speculation and significant whale movements, with a 245 million DOGE movement reported. Dogecoin's creator and other experts expressed optimism for its price and a potential Doge ETF, citing bullish technical indicators and a high percentage of profitable holders.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 2:43 pm

PHUN

Phunware shares were halted due to a circuit breaker trigger after the stock surged by 43.4%. This significant increase in stock price indicates a high level of trading volatility or a substantial change in the company's valuation.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:41 pm

BIVI

BioVie Inc. (BIVI) shares have declined following the announcement of a public offering's pricing. This move typically indicates the company is seeking to raise capital, which can dilute existing shareholders' equity but also potentially fund growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:41 pm

ABR

FBRT

LFT

VTMX

Benzinga Insights identifies Arbor Realty Trust (ABR), Corporacion Inmobiliaria (VTMX), Franklin BSP Realty Trust (FBRT), Ready Capital (RC), and Lument Finance Trust (LFT) as notable value stocks in the real estate sector based on low P/E multiples. ABR, FBRT, RC, and LFT experienced changes in earnings per share and dividend yields, indicating varied financial performance in the recent quarter.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:39 pm

AMD

DELL

LNVGF

LNVGY

NVDA

Lenovo's Q3 fiscal results showed a 23% year-on-year profit drop to $340 million, despite sequential revenue growth. The company's future growth is pinned on AI PC models, amidst analyst skepticism and a bearish outlook on its server business. Lenovo plans significant R&D investment in AI, with two AI PC models launching soon. However, the global PC market's slow growth and potential U.S. restrictions on chip sales to China pose challenges. Competitors like Dell, Nvidia, and AMD could benefit from the AI PC trend.

Portfolio Pulse from The Bamboo Works

March 04, 2024 | 2:39 pm

CSCO

DECK

DELL

SMCI

WHR

ZIONS

Super Micro Computer, Inc. (SMCI) is set to join the S&P 500 Index on March 18, alongside Deckers Outdoor Corp. (DECK), replacing Whirlpool Corporation (WHR) and Zions Bancorporation N.A. (ZIONS). Goldman Sachs initiated coverage on SMCI with a Neutral rating and a 12-month target price of $941. SMCI, a key player in AI infrastructure, has seen its shares surge nearly 1,000% in the past 14 months, outperforming Nvidia Corp. (NVDA). The company faces competition from DELL Technologies Inc. (DELL) and Cisco Systems Inc. (CSCO) as it expands into enterprise AI infrastructure.

Portfolio Pulse from Piero Cingari

March 04, 2024 | 2:34 pm

FUFU

Shares of Perspective Therapeutics have been halted with pending news, indicating an upcoming significant announcement that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:34 pm

FUFU

BitFuFu's stock was halted due to a circuit breaker triggered by a rapid upside movement, with shares now up 129.2%.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:34 pm

QNRX

Quoin Pharmaceuticals shares surged following the FDA's approval to include teenage subjects in its Netherton Syndrome clinical trials.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:31 pm