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The European Union Parliament has endorsed the world's first comprehensive AI regulatory framework, categorizing AI technologies based on risk levels. This move positions Europe as a leader in global AI standards and impacts major tech companies like Nvidia, Alphabet Inc, Amazon, Apple, Meta Platforms, and Microsoft, which are heavily invested in AI development. The EU's regulatory efforts also target anti-competitive practices with the Digital Markets Act. Investors can gain exposure to AI through ETFs like BOTZ and IYW.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 12:35 pm

SOYB

Traders have significantly increased their bearish stance on CBOT soybean futures and options, reaching a record net short position amid growing global stockpiles and shifting demand from China. China's reduced imports have pressured prices, but a recent USDA report forecasting increased Chinese imports next year has sparked a cautious optimism among investors. The Teucrium Soybean ETF (SOYB) offers a way for investors to gain exposure to soybean prices.

Portfolio Pulse from Johnny Rice

March 13, 2024 | 12:33 pm

ODD

ODDITY Tech (NASDAQ:ODD) shares fell in premarket trading after announcing a secondary public offering of 4 million shares by L Catterton, with an option for an additional 600,000 shares. ODDITY will not sell shares or receive proceeds from this offering. Despite strong Q4 FY23 results, the company's FY24 EPS guidance was below expectations. As of December 31, 2023, ODDITY had $168 million in cash with no debt. Shares dropped 5.88% to $43.41 in premarket.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 12:33 pm

CROX

CSCO

HPQ

TGT

Insiders at HP, Cisco, Crocs, and Target have recently sold shares, indicating potential concerns or personal financial strategies. Target and Crocs reported strong financial results, Cisco deepened its alliance with BBVA, and HP reported disappointing sales.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:25 pm

AEVA

BTOG

NCNA

PIXY

SURG

SurgePays, Inc. (NASDAQ:SURG) shares fell by approximately 15% in pre-market trading due to worse-than-expected Q4 financial results. Other stocks also showed significant movement in pre-market trading, with notable gainers including NuCana plc (NASDAQ:NCNA) and ShiftPixy, Inc. (NASDAQ:PIXY), and losers like Aeva Technologies, Inc. (NASDAQ:AEVA) and Bit Origin Ltd (NASDAQ:BTOG).

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:24 pm

EVC

MANU

SIRI

The article highlights the top 4 oversold tech and telecom stocks in the communication services sector, suggesting potential for growth. These include Entravision Communications (EVC), Manchester United (MANU), Eventbrite (EB), and Sirius XM Holdings (SIRI), all of which have RSI values indicating they are oversold. Recent company developments and financial results are discussed for each.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 12:23 pm

DLTR

Dollar Tree Inc (NASDAQ:DLTR) shares dropped after reporting Q4 FY23 sales of $8.63 billion, missing estimates of $8.67 billion. Same-store sales varied across segments, with Dollar Tree up 6.3%, Family Dollar down 1.2%, and Enterprise up 3%. Gross profit rose 16.2% Y/Y to $2.77 billion, but operating loss was $(1.89) billion compared to prior operating income of $618.1 million. Adjusted EPS of $2.55 missed estimates of $2.65. The company forecasts FY24 net sales of $31-$32 billion and adjusted EPS of $6.70-$7.30, with Q1 expectations below analyst estimates.

Portfolio Pulse from Shivani Kumaresan

March 13, 2024 | 12:17 pm

SGMO

Sangamo Therapeutics (NASDAQ:SGMO) reported Q4 earnings with a per-share loss of $(0.34), missing the $(0.26) estimate, and sales of $2.04M, missing the $8.10M estimate. This represents a significant decrease from the previous year's performance.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 12:15 pm

CLNN

Clene Inc. (NASDAQ:CLNN) reported a Q4 GAAP EPS of $(0.47), missing the $(0.46) estimate by 2.17%, and sales of $654K, beating the $557K estimate by 17.41%. Year-over-year, this represents a 2.17% increase in losses but a 38.27% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:10 pm

VRA

Vera Bradley projects its FY25 revenue to be between $460M and $480M, which is below the estimated $490.32M. Additionally, the company forecasts EPS to range from $0.54 to $0.62, also falling short of the expected $0.7.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:08 pm