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CELUW

Trading for CELUW was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the stock is released.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:50 am

CELU

Trading for CELU was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:50 am

ZCMD

Trading for ZCMD was halted at 7:50:00 p.m. ET due to pending news. The halt is a temporary measure until the news affecting the company is released.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 12:50 am

PARA

The article highlights the achievements of 12 trailblazing Black Wall Street bankers, brokers, and financiers who laid the groundwork for future generations. It mentions the first Black investment firm on the NYSE, Daniels & Bell, founded in 1971, and other pioneers like the first Black woman to pass the NYSE exam, Lilla St. John, and the first Black-owned mutual fund firm, Ariel Investments, founded by John W. Rogers Jr. It also touches on early Black millionaires and billionaires, including Robert L. Johnson, the first Black billionaire, and Oprah Winfrey, the first Black woman billionaire.

Portfolio Pulse from Sue Strachan

February 29, 2024 | 12:26 am

TPB

Turning Point Brands, Inc. (NYSE:TPB) reported a profit increase and a 6.1% YoY drop in Q4 net sales. The Zig-Zag segment remained stable, excluding the impact of a discontinued product line. The company saw a net income increase to $10.1 million in Q4 and $38.5 million for the full year. Adjusted EBITDA for the year decreased by 2.4% to $95.3 million. TPB's stock rose 6.23% to $24.38 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

February 29, 2024 | 12:14 am

DKNG

DraftKings Inc (NASDAQ:DKNG) received a positive analyst note from Morgan Stanley's Stephen Grambling, who raised the price target from $40 to $49 following strong Q4 financial results and an optimistic 2024 guidance. The note highlighted DraftKings' operational execution, the acquisition of Jackpocket, and a robust balance sheet as key drivers for future stock performance. Grambling emphasized the potential for capital allocation towards customer acquisition, new products, or stock buybacks, projecting $1.2 billion in cash and minimal debt by the end of fiscal 2024.

Portfolio Pulse from Chris Katje

February 28, 2024 | 11:50 pm

BABA

HOOD

SKGR

Webull Corporation is planning a U.S. listing through a merger with SK Growth Opportunities Corp. (NASDAQ:SKGR), valuing the combined entity at $7.3 billion. The move comes after Webull decided to divest its cryptocurrency trading operations due to regulatory challenges, aiming to comply with SEC requirements. This strategic pivot is seen as a key step in overcoming previous obstacles to going public. Webull, with 20 million users and $370 billion in equity notional volumes, also announced a partnership with the Brooklyn Nets and New York Liberty.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 11:02 pm

ACEL

Accel Entertainment (ACEL) reported Q4 2023 adjusted EPS of $0.25, surpassing the $0.18 estimate, with sales of $297.07M exceeding the $284.98M forecast. This represents a 6.83% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:53 pm

GSBD

Goldman Sachs BDC (GSBD) reported Q4 2023 adjusted EPS of $0.55, missing the consensus estimate of $0.56 by 1.79%. However, their quarterly sales of $115.40M exceeded the estimate of $99.27M by 16.24%, marking an 8.38% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:41 pm

WHD

Cactus (NYSE:WHD) reported Q4 adjusted EPS of $0.81, surpassing the $0.69 estimate, and sales of $274.87M, exceeding the $270.06M estimate. This represents a 42.11% increase in earnings and a 46.38% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 10:31 pm