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JILL

J. Jill, Inc. (NYSE:JILL) reported a 1.2% year-on-year increase in Q4 FY23 sales to $149.45 million, surpassing analyst estimates. Despite a 3.6% decrease in total company comparable sales, direct to consumer net sales rose by 4%. Gross profit and margin saw significant increases, with operating income up 34.6% to $10.5 million. Adjusted EBITDA and EPS also beat previous figures and expectations. The company holds $62.2 million in cash and anticipates low to mid-single-digit sales growth in Q1 and flat to low-single-digit growth for FY24.

Portfolio Pulse from Shivani Kumaresan

March 20, 2024 | 2:36 pm

LFCR

Lifecore Biomedical's shares dropped following the conclusion of its strategic evaluation process, alongside announcements of management succession and board changes.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:33 pm

GS

Over the past 5 years, Goldman Sachs Gr (NYSE:GS) has outperformed the market with an annualized return of 15.29%, turning a $100 investment into $206.08. The company's market capitalization stands at $126.07 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:31 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 20th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential bullish and bearish price levels for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights the upcoming FOMC rate decision and its potential impact on market volatility, advising traders to be cautious during this event.

Portfolio Pulse from RIPS

March 20, 2024 | 2:29 pm

RIOT

Riot Platforms Inc (NASDAQ:RIOT) shares increased following an upgrade from JPMorgan. Analyst Reginald Smith upgraded the stock from Neutral to Overweight with a $15 price target, citing Riot's industry-leading power contracts, scale, liquidity, and potential for significant hashrate growth to 31.5 EH/s by year-end. The upgrade comes amid a 25% decline in RIOT shares over the last month and broader crypto market volatility. Riot Platforms focuses on blockchain technologies aiming to be a leading bitcoin-driven infrastructure platform.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 2:25 pm

TSHA

Taysha Gene Therapies Inc (NASDAQ:TSHA) reported positive initial clinical data from the first pediatric patient in the REVEAL Phase 1/2 trial of TSHA-102 for Rett syndrome, showing improved symptoms and no serious adverse events. The company received approval to advance to higher dose cohorts and expects further data in 2H 2024. TSHA shares surged 23.1% to $2.77.

Portfolio Pulse from Vandana Singh

March 20, 2024 | 2:22 pm

IGC

Shares of IGC Pharma have been halted pending the release of significant news. This action typically indicates that the company is about to announce information that could have a substantial impact on its stock price.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:17 pm

MRNA

Moderna's stock is trading lower, potentially due to BioNTech's reported Q4 earnings that fell below expectations. This suggests a sympathy move, where Moderna's stock is impacted by the performance of a peer company in the same sector.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:17 pm

TME

Tencent Music Entertainment Group's shares saw an increase following an upgrade by Goldman Sachs from Neutral to Buy, along with a new price target of $14.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:16 pm

LICY

Li-Cycle Holdings (NYSE:LICY) has seen a 12.54% increase in short percent of float since its last report, with 15.33 million shares sold short, representing 12.83% of available shares. This indicates a bearish market sentiment towards LICY, although it doesn't necessarily predict a price drop. Compared to its peers, LICY has a significantly higher short interest, suggesting more bearish sentiment than its peers.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:15 pm