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JG

Aurora Mobile's Q4 sales were reported at $10.90 million, marking a 13.48% decrease from $12.60 million in the same period last year. The company also reported an adjusted net loss of $(0.3) million.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:33 am

NXTP

NextPlay Technologies, Inc. (NXTP) received a notice from NASDAQ for not holding an annual meeting of shareholders within the stipulated period, violating NASDAQ's Listing Rules. This non-compliance serves as an additional basis for the potential delisting of the Company's securities from The Nasdaq Stock Market.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:29 am

PDCO

Patterson Companies, Inc. (NASDAQ:PDCO) announced a new $500M stock buyback program through March 16, 2027, replacing an expiring authorization with $194.9M left. Additionally, a quarterly dividend of $0.26/share was declared, payable on May 3, 2024, to shareholders of record as of April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 7:07 am

IBIT

Bitcoin's volatility has increased despite the introduction of ETFs, contrary to expectations of market stabilization. The volatility is attributed to leveraged trading and the anticipation of the Bitcoin halving event. Analysts predict that volatility will decrease as funding rates normalize, but caution about potential steep corrections. BlackRock's iShares Bitcoin ETF (IBIT) has significantly impacted the market by amassing a large Bitcoin holding, surpassing MicroStrategy's holdings.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 7:04 am

BTCUSD

ETHUSD

XRPUSD

Ripple's XRP surged over 20%, outperforming Bitcoin and Ethereum, with its price reaching $0.74. The surge, marking its highest point since November, was partly attributed to rumors of a potential XRP ETF by BlackRock and significant token movements from Binance. Analyst Rekt Capital suggests a potential breakout toward $1 if XRP surpasses certain trend lines.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 6:49 am

RXT

Rackspace Technology, Inc. (NASDAQ:RXT) is anticipated to report a Q4 loss of 4 cents per share, contrasting with a profit of 6 cents per share a year ago. Expected revenue is $714.72 million, down from $787 million. The company recently appointed Mark Gross to its Board of Directors. Shares rose 3.5% to $2.10. Analyst ratings vary, with Citigroup and Barclays giving negative outlooks, while BMO Capital has a more neutral stance.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:21 am

BTCUSD

Bitcoin's value surge to over $72K has led to the creation of approximately 1,500 new 'millionaire wallets' each day, as reported by Kaiko Research. This increase is attributed to the enthusiasm around newly authorized ETFs that include Bitcoin, although the growth rate of millionaire wallets is slower compared to the bullish streak of 2021. Factors such as capital not fully entering the market and 'whales' possibly cashing in profits or using custodial services could explain the slower growth.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 6:02 am

BTCUSD

TSLA

Morgan Stanley analyst Adam Jonas highlighted the declining correlation between Tesla (TSLA) and Bitcoin (BTC) since Tesla's Q3 earnings miss. Historically, both assets showed a positive correlation as risk appetite indicators, but this has shifted to -0.59 since September. Tesla's Q3 earnings and 2024 outlook disappointed investors, contributing to a 28% year-to-date decline in its stock price, while Bitcoin surged 64%. Tesla, holding 10,500 Bitcoin, faces challenges including reduced EV demand, competition, and a potential GAAP EBIT loss.

Portfolio Pulse from Anan Ashraf

March 12, 2024 | 5:58 am

MNSO

MINISO Group Holding (NYSE:MNSO) reported Q2 adjusted EPS of $0.30, surpassing the $0.27 estimate, and sales of $541.04M, exceeding the $530.30M estimate. This represents a 76.47% increase in earnings and a 49.60% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 5:51 am

ETHUSD

Bloomberg ETF analyst Eric Balchunas has reduced the likelihood of an Ethereum ETF being approved by the upcoming May deadline to 35%. Despite the reduction, Balchunas maintains a long-term positive outlook for its approval. This comes as Ethereum's price surpasses $4,000, amid anticipation of its network upgrade and potential SEC approval. Predictions on Polymarket show a 36% chance of approval, with a brief dip to 24%. Coinbase met with the SEC to discuss Grayscale's ETF proposal, aiming to transform its Grayscale Ethereum Trust into an ETF.

Portfolio Pulse from Mehab Qureshi

March 12, 2024 | 5:09 am