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CNQ

Canadian Natural Resources (CNQ) reported Q4 adjusted EPS of $1.72, surpassing the $1.60 estimate, and sales of $7.02B, exceeding the $6.94B estimate. This represents a 17.74% increase in EPS and a 2.70% decrease in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:25 am

MSFT

NVDA

PLTR

XLK

Wedbush's Dan Ives highlights a surge in demand for AI technologies, citing c3.ai's strong Q4 results, Microsoft's Copilot AI tool, Palantir's AI platform, and Nvidia's optimistic forecasts as evidence of an accelerating AI revolution. The AI-levered stocks have seen significant growth, with debates on potential 'irrational exuberance'. Ives compares the current AI optimism to the '1995 Moment', predicting $1 trillion of incremental spending in the next decade. The Technology Select Sector SPDR Fund (XLK) saw a slight decrease in premarket trading.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 10:20 am

KARS

Former Ford CEO Mark Fields advocates for a short-term ban on Chinese automakers entering the U.S. market, citing unfair advantages due to government incentives. He suggests this measure to protect U.S. automakers, particularly the Detroit Big Three, from the economic impact similar to past industries like aluminum and steel. Fields' views echo broader concerns about the U.S. auto industry's survival against Chinese competition. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) recently saw a decrease in value.

Portfolio Pulse from Shanthi Rexaline

February 29, 2024 | 9:26 am

NTES

NetEase's shares are trading lower following the announcement of their Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:19 am

WRAC

Williams Rowland Acquisition Corp (WRAC) has set its liquidation price at approximately $10.52 per share. The company's securities will cease trading on the NYSE American on February 29, 2024, and public shares will be considered cancelled as of March 8, 2024, representing only the right to receive the Redemption Amount.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:45 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki praised Bitcoin's rally to $64,000, its highest since November 2023, attributing it to the cryptocurrency's integrity against the 'fake US dollar'. Bitcoin's value surged 9.5% in a day, the most significant leap since late October, amid growing interest in Bitcoin ETFs. Kiyosaki, a long-time Bitcoin advocate, has adjusted his Bitcoin price target to $150,000 following the SEC's approval of Bitcoin ETFs and revealed purchasing five more Bitcoins early in 2024.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:42 am

DAO

Youdao (NYSE:DAO) reported Q4 adjusted earnings per ADS of $0.08, doubling the analyst consensus estimate of $0.04. Quarterly sales reached $208.50 million, slightly above the $207.52 million estimate but marking a 1.09% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:38 am

BONKUSD

BTCUSD

DOGEUSD

SHIBUSD

Dogecoin, Shiba Inu, and BONK have emerged as top gainers among the top 100 cryptocurrencies, with Dogecoin predicted to surge 600% in price. The total market cap of the top 100 meme cryptocurrencies increased by 12.8% to $23.8 billion. Analyst Kaelo predicts a significant rise for Dogecoin against Bitcoin, suggesting a potential price of $0.63 for Dogecoin. Dogecoin's social dominance score also increased by 600%, indicating growing visibility and interest.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 8:25 am

BBY

DELL

HPQ

HRL

SNOW

Ahead of Thursday's trading, notable movements include Best Buy's expected earnings report, HP's in-line earnings but sales miss, Dell's anticipated earnings, Snowflake's CEO change alongside upbeat earnings, and Hormel Foods' expected earnings. Best Buy and Hormel Foods shares rose in after-hours, while HP, Dell, and Snowflake shares fell.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 7:42 am

ETHUSD

MATICUSD

$6.26M And Rising: Inside Donald Trump's Surging Crypto Portfolio. Donald Trump's venture into the cryptocurrency market has seen his portfolio reach $6.35 million, with significant investments in MAGA Memecoin (TRUMP), Wrapped Ether (WETH), Ethereum (ETH), BABYTRUMP, and Polygon (MATIC). The growth reflects the volatile yet lucrative nature of the crypto market, especially in tokens associated with high-profile personalities. The MAGA Memecoin's Twitter account and crypto Twitter users suggest a bullish outlook as the election approaches.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 7:32 am