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BSV

Bitcoin SV (BSV) experienced a significant drop of 15% to $97.12, influenced by a broader cryptocurrency market pullback led by Bitcoin's decline after reaching a new all-time high. The sell-off in crypto-related stocks and altcoins, including BSV, was triggered by Bitcoin's sharp drop from above $69,000, marking its largest daily decline since November 2022. The speculative nature of the cryptocurrency market and the tendency of altcoins to follow Bitcoin's price movements closely contributed to the increased selling pressure on BSV.

Portfolio Pulse from Henry Khederian

March 05, 2024 | 11:06 pm

GLRE

Greenlight Capital Re (GLRE) reported Q4 earnings of $0.50 per share, surpassing the $0.42 estimate, a 19.05% beat. However, this represents a 45.05% decrease from last year's $0.91 per share. Sales rose to $155.49M, a 6.85% increase from $145.51M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:00 pm

BTCUSD

Bitcoin (BTC) reached a new all-time high of $69,170.63, surpassing its previous 52-week high. The surge is attributed to the SEC's approval of Bitcoin ETFs and growing investor interest. A Benzinga poll revealed that over half of the respondents believe Bitcoin could hit $100,000 sooner than expected, with experts and analysts predicting it could reach this milestone by the end of 2024. Notable predictions include Ark Invest CEO Cathie Wood's 2030 target of $682,000 to $1.48 million, and other experts foreseeing $100,000 to $200,000 by 2024-2025.

Portfolio Pulse from Chris Katje

March 05, 2024 | 10:59 pm

ADCT

ADC Therapeutics announced that abstracts on its novel antibody drug conjugates have been accepted for presentation at the AACR Annual Meeting. This development could potentially highlight the company's progress and innovations in the field of antibody drug conjugates, which may influence investor perception and the company's stock value.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:46 pm

MARA

Marathon Digital Holdings has increased its Bitcoin holdings to 16,930 BTC, with a total cash and Bitcoin value of $1.5 billion as of February 29, 2024. The company faced operational challenges starting in January, which continued into February, reducing its operational hash rate and Bitcoin production for the month, according to CEO Fred Thiel.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:26 pm

JWN

Nordstrom Inc (NYSE:JWN) reported Q4 earnings of 96 cents per share, surpassing the consensus of 88 cents, with sales of $4.42 billion beating estimates of $4.388 billion. Total net sales increased by 2.2%, though Nordstrom banner sales fell by 3%. Nordstrom Rack sales rose by 14.6%. Despite meeting 2023 guidance, the company's 2024 earnings outlook of $1.65 to $2.05 per share falls below the $2.05 estimate, with revenue expected to range from a 2% decline to 1% growth. Shares dropped 10.43% after-hours to $18.72.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 10:19 pm

FNV

Franco-Nevada (NYSE:FNV) reported Q4 adjusted EPS of $0.90, surpassing the $0.84 estimate, and sales of $303.30M, beating the $297.41M estimate. This represents a 4.65% increase in EPS and a 5.34% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:19 pm

ALNT

Allient (NASDAQ:ALNT) reported Q4 2023 adjusted EPS of $0.550, surpassing the $0.320 estimate, with sales of $140.997M also beating the $132.560M estimate, marking a 7.57% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:16 pm

OFIX

Orthofix Medical (NASDAQ:OFIX) reported Q4 earnings with a significant miss on EPS at $(0.59) versus the $(0.08) estimate, a 637.5% miss, and a 68.57% decrease from last year's $(0.35) per share. However, their quarterly sales of $200.41M exceeded estimates by 2.61%, marking a 63.97% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:13 pm

DIS

Disney CEO Bob Iger announced the construction of an 'Avatar-based land' at Disneyland Resort, California, during the Morgan Stanley Technology Media and Telecom Conference. This addition marks the second 'Avatar' experience across Disney parks, with more details promised soon. The announcement follows Disney's February 2023 earnings call where the experience was first revealed. Additionally, Disney's dividend yield is 1.05% as of March 5, 2024, and its shares closed down 0.72% at $112.87.

Portfolio Pulse from Erica Kollmann

March 05, 2024 | 10:12 pm