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Spot Bitcoin ETFs in the US have reached a new all-time high with $676.8 million in daily inflows, led by iShares Bitcoin Trust, Fidelity Wise Origin Bitcoin Fund, Bitwise's Bitcoin ETF, ARK 21Shares Bitcoin ETF, and WisdomTree Bitcoin ETF. Despite Grayscale Bitcoin Trust experiencing outflows, the market sentiment is positive with total inflows nearing $7.4 billion. Trading volumes also hit a record $7.69 billion in one day, primarily driven by BlackRock's iShares Bitcoin ETF. Morgan Stanley is considering adding spot Bitcoin ETF products, highlighting Bitcoin's growing acceptance and potential for increased investment.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 1:53 pm

HYFM

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) reported a 23% year-over-year decrease in Q4 net sales to $47.2 million but saw improvements in gross profit, gross profit margin, and reduced net loss. The company attributes these results to the successful execution of its restructuring plan. Despite these improvements, HYFM shares dropped 3.63% in pre-market trading.

Portfolio Pulse from Jelena Martinovic

February 29, 2024 | 1:53 pm

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WAB

On CNBC's 'Halftime Report Final Trades,' analysts shared their picks, including puts on Invesco QQQ Trust by Steve Weiss, a highlight on FLEX LNG Ltd.'s 12% dividend yield by Jenny Harrington, Kari Firestone's choice of Westinghouse Air Brake Technologies, and Joe Terranova's selection of Alphabet Inc. Alphabet's CEO addressed issues with the Gemini AI chatbot, while Wabtec and Flex LNG reported their financial results, impacting their stock prices.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 1:52 pm

FIGS

FIGS shares are trading lower following the announcement of mixed Q4 financial results, indicating a disparity between expected and actual financial performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:51 pm

CRH

CRH plc (NYSE:CRH) shares rose in premarket trading after announcing FY23 results and a share repurchase program. Revenue increased 7% Y/Y to $34.9 billion, with organic revenues up 3%. Adjusted EBITDA grew 15% Y/Y to $6.2 billion, and EPS from continuing operations pre-impairment rose 30% Y/Y to $4.65. The company completed a share buyback of $3.0 billion in 2023 and announced a new buyback program with Barclays Capital Inc. for up to $300 million. A quarterly dividend of $0.35 per share was declared, payable in April 2024. CRH expects EPS of $5.15-$5.45 for FY24, above consensus estimates.

Portfolio Pulse from Lekha Gupta

February 29, 2024 | 1:51 pm

IOVA

Iovance Biotherapeutics' stock price declined following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:50 pm

MARA

Marathon Digital's stock is trading lower following the release of their mixed Q4 financial results, indicating a disparity between expected and actual performance metrics.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:50 pm

AMPH

Amphastar Pharmaceuticals' shares dropped following mixed Q4 financial results, indicating a disparity between expected and actual performance.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:49 pm

ESTA

Establishment Labs shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:48 pm

DoubleVerify's stock is trading lower following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 1:43 pm