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MOMO

Hello Group's shares are trading lower following the announcement of their financial results for the fourth quarter and the issuance of their revenue guidance for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:20 am

FUTU

Futu Holdings Limited (FUTU) reported mixed Q4 and full-year 2023 operational results. While the total number of paying clients increased by 15% YoY and total client assets grew by 16.3%, the company saw a decline in daily average revenue trades (DARTs) by 22.2% YoY and total trading volume decreased by 12.5% YoY. Despite these declines, margin financing and securities lending balance saw a significant increase of 24.2% YoY.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:20 am

MOMO

Hello Gr (NASDAQ:MOMO) reported Q4 adjusted EPS of $0.37, surpassing the $0.34 estimate, and sales of $422.95M, exceeding the $405.61M estimate. This represents a 2.78% increase in EPS and a 9.20% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:15 am

ANTE

Airnet has regained compliance with Nasdaq's minimum bid price requirement as per a notification received on March 13, 2024, ensuring its continued listing on the exchange.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 8:12 am

SQ

Jack Dorsey reminisced about starting to program Twitter in 2006, as shared by Bloomberg's Jon Erlichman on X. Dorsey, a co-creator and former CEO of Twitter, now owned by Elon Musk and renamed X, highlighted his nostalgic connection. Despite being fired from Twitter in 2008 and returning in 2015, Dorsey's journey includes rejecting an offer from Meta Platforms Inc. and witnessing Twitter's high-profile IPO in 2013. After Musk's acquisition, significant changes occurred, including layoffs and the unbanning of controversial accounts. The platform's value reportedly dropped to $19 billion, less than half of its purchase price, by October 2023.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 8:07 am

BTCUSD

Peter Schiff, a well-known critic of Bitcoin, expressed regret for not investing in Bitcoin in its early days during an interview with Real Vision's Raoul Pal. Despite his criticism, he acknowledged the potential financial gains he missed out on by not investing when Bitcoin was valued at $1. Schiff maintains his critical stance, previously calling Bitcoin a 'pure ponzi' and likening it to a 'pyramid'. Bitcoin's market cap has reached $1.4 trillion, making it the eighth largest asset by value.

Portfolio Pulse from Mehab Qureshi

March 14, 2024 | 7:49 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) experienced a significant drop after a downgrade from Wells Fargo and a prominent investor, Kevin Paffrath, announced shorting the stock due to concerns over the Federal Reserve's potential actions and broader economic factors. Paffrath highlighted risks including Elon Musk's political involvement, liquidity issues, and geopolitical tensions. He predicts a short-term decline to around $148, with strong support at $101. Tesla's stock closed down 4.54% at $169.48.

Portfolio Pulse from Shanthi Rexaline

March 14, 2024 | 7:24 am

DKS

DICK'S Sporting Goods Inc (NYSE:DKS) is anticipated to report higher Q4 earnings on March 14, 2024, with expected earnings of $3.35 per share, up from $2.93 per share year-over-year, and projected quarterly revenue of $3.8 billion, up from $3.6 billion. The company's shares rose 3% to close at $187.76 recently. Analysts from Baird, Barclays, B of A Securities, Telsey Advisory Group, and Truist Securities have updated their ratings and price targets for DKS, reflecting a positive outlook.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 7:04 am

BGSF

BGSF reported Q4 adjusted EPS of $0.21, surpassing the $0.08 estimate, marking a 162.5% beat and a 10.53% increase from last year. However, their sales of $73.57M fell short of the $75.05M estimate, a 1.98% miss and a 4.81% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:54 am

PSNY

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) reduced the starting price of its Polestar 3 SUV in the U.S. by about 13% to $73,400, aiming to boost demand and compete with Tesla's Model X and Rivian's R1S. Deliveries are expected to start in Q2 this year, following production commencement in Chengdu, China. Despite a 41% revenue increase, Polestar reported a Q3 operating loss of $261.2 million and fell short of its 60,000 delivery target last year.

Portfolio Pulse from Anan Ashraf

March 14, 2024 | 6:43 am