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DQ

GCPEF

GCL Technology Holdings Ltd. (OTC:GCPEF) reported a significant drop in profit and a slight decrease in revenue for the last year, attributed to falling polysilicon prices despite booming demand for solar panels. The company's profit plunged by 85% to 2.5 billion yuan, with revenue falling 6.2% to 33.7 billion yuan. Polysilicon prices have sharply decreased, impacting GCL's gross profit margin, which fell to 34.7% from 48.7% in 2022. Despite the downturn, GCL plans to continue expanding its production capacity. Daqo (NYSE:DQ) also experienced a dramatic drop in polysilicon prices, affecting its average selling price.

Portfolio Pulse from The Bamboo Works

March 18, 2024 | 1:38 pm

BTCUSD

CFXUSD

ETHUSD

Bitcoin (BTC) surpassed the $68,000 mark, while Ethereum (ETH) also saw gains but remained below $3,600. dogwifhat (WIF) emerged as the top gainer with a 24.2% increase, and Conflux (CFX) was the biggest loser. The global crypto market cap increased by 1.7% to $2.58 trillion.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 1:34 pm

LI

Li Auto shares are trading lower due to reports that Xpeng plans to launch cheaper EV models, potentially increasing competition in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:31 pm

VFS

Pham Nhat Vuong, founder of VinFast Auto Ltd (NASDAQ:VFS), launched V-Green, an EV charging venture to support VinFast vehicles globally. V-Green aims to expand charging infrastructure in key markets, manage VinFast's network in Vietnam, and may extend services to other EV manufacturers after five years. An investment of $404 million over two years is planned to enhance infrastructure. Vuong's previous venture, Green SM, significantly contributed to VinFast's sales in 2023. VFS shares rose 0.80% to $5.06 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 1:29 pm

LEEEF

LEEF Brands, Inc. announced the launch of Well-Kept CBD Infused Honey, emphasizing sustainability and wellness. The product supports environmental conservation and addresses declining honeybee populations by integrating bee farming into their operations. The company's shares traded slightly lower at $0.0219 after the market close on Friday.

Portfolio Pulse from Jelena Martinovic

March 18, 2024 | 1:25 pm

SOLUSD

The founder of the Slerf meme coin project accidentally destroyed 150,000 Solana (SOL) tokens, worth about $10 million, intended for an airdrop. This mistake occurred during an attempt to burn the project's liquidity pool using Solana tools and then switching to a different platform, leading to the accidental inclusion of the airdrop tokens in the burn transaction. The crypto community reacted with shock, humor, and skepticism, and the future of the Slerf project remains uncertain. The incident has sparked discussions about the potential for legal repercussions and the project's ability to refund pre-sale participants.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 1:24 pm

SMCI

Supermicro's stock price is on the rise following its inclusion in the S&P 500 Index, reflecting a positive market response.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:18 pm

AAPL

AI

BA

GOOG

LOT

MSTR

MU

NVDA

TSLA

TSM

The top 10 trending stocks on WallStreetBets as of March 18, 2024, include NVDA, TSLA, AI, TSM, AAPL, MU, BA, GOOG, MSTR, and LOT, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:16 pm

COHR

Coherent's (NYSE:COHR) short interest has increased by 9.95% since the last report, with 5.02 million shares sold short, representing 4.42% of its float. This indicates a bearish market sentiment towards COHR, although it's higher than its peer group average of 3.34% short interest. The article suggests that an increase in short interest can sometimes be bullish, as it may lead to a short squeeze.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 1:15 pm

MA

Mastercard's (NYSE:MA) short interest has decreased by 6.78% since the last report, with 4.52 million shares sold short, representing 0.55% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock among investors. Compared to its peers, Mastercard has a lower short interest percentage of float, with an average of 5.12% among its peers.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 1:15 pm