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MLR

Miller Industries reported a year-over-year increase in Q4 financial results and increased its quarterly dividend, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:28 pm

CERO

CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) stock surged after announcing the publication of preclinical research on CER-1236 for treating AML patients. The research showed CER-1236's target is found in 83% of leukemic cells, effectively eliminating them in experiments. This supports plans for a Phase I clinical trial in AML patients and extends data on its efficacy in various cancers.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 4:28 pm

AAPL

GOOGL

RIVN

TSLA

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin are on the rise as investors buy the dip, with Bitcoin ETFs seeing strong inflows. The Arizona Senate is considering BTC ETFs for pension funds. Gold hits an unprecedented high amid economic uncertainties. US markets and stocks record gains, while major spending bills pass in the US House to prevent government shutdown. Tech giants like Apple and Google face scrutiny and challenges, while the EV market sees activity from Rivian and Tesla. Healthcare and energy sectors also see notable developments.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 4:23 pm

BREA

Brera Holdings PLC (NASDAQ:BREA) shares surged after executive chairman Daniel McClory acquired a majority stake, holding 54.5% ownership and 83.7% voting rights. The company also added Massimo Ferragamo to its Advisory Board, aiming for international expansion and leveraging Ferragamo's luxury brand expertise.

Portfolio Pulse from Erica Kollmann

March 07, 2024 | 4:22 pm

META

Meta Platforms Inc (NASDAQ:META) experienced a global outage affecting Facebook and Instagram, attributed to a technical issue. Despite this, Meta's stock has shown remarkable resilience, rising 41% since the year's start and closing at $496.09 after a 1.20% increase on March 6. The stock's journey reflects investor confidence in Meta's growth and adaptability in the tech industry.

Portfolio Pulse from Zaheer Anwari

March 07, 2024 | 4:17 pm

NIO

Nio Inc (NYSE:NIO) shares fell amid declining electric vehicle deliveries in China, with Bernstein analyst Eunice Lee highlighting a challenging outlook for 2024. The company's market share dropped from 5% in 2021 to 2%, despite an expanded model lineup. Lee downgraded Nio's price target from $7.50 to $5.50, citing margin contraction, widening losses, and a lack of impactful new models.

Portfolio Pulse from Priya Nigam

March 07, 2024 | 4:17 pm

CIEN

FFND

XTL

Ciena Corp (NYSE:CIEN) reported a slight revenue decline in Q1 fiscal 2024, with $1.04 billion versus the expected $1.02 billion, and an adjusted EPS of $0.66, beating the consensus of $0.48. Despite these beats, CIEN stock plunged due to a revenue decline in its Networking Platforms segment and a lower than expected revenue outlook for fiscal 2024. The company also forecasts a Q2 revenue below consensus and expects adjusted gross margins in the low-40s% for Q2. Investors can also gain exposure to CIEN through SPDR S&P Telecom ETF (NYSE:XTL) and The Future Fund Active ETF (NYSE:FFND).

Portfolio Pulse from Anusuya Lahiri

March 07, 2024 | 4:15 pm

AEO

An executive from American Eagle Outfitters revealed that the company's customer count across its brands reached a record high of over 22 million in Q4, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:14 pm

PSFE

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

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:11 pm

ABM

ABM Industries shares surged following the announcement of better-than-expected Q1 results and an upward revision of its FY24 EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:06 pm