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BABA

NTES

Hong Kong stocks, particularly the Hang Seng Index (HSI), are entering the year of the dragon with historical optimism, given the index's average gain of 14% in past dragon years. However, uncertainties such as the U.S. presidential election and interest rate policy may affect the rally. Positive signs include China's economic stimulus and foreign investment in Chinese companies like Alibaba, Li Auto, JD.com, and NetEase. Major investment banks predict varied HSI performance, with potential impacts from U.S.-China relations and global geopolitics. Analysts advise cautious investment, favoring stocks with a strong mainland focus or those undervalued, like Alibaba.

Portfolio Pulse from The Bamboo Works

February 22, 2024 | 1:10 pm

GRAB

Grab Holdings Limited (NASDAQ:GRAB) reported a 30% year-on-year revenue growth for Q4 fiscal 2023, surpassing consensus estimates. EPS also beat expectations. Despite these positive results, the stock price declined post-announcement. The company announced its first share buyback program of up to $500 million but provided a FY24 revenue outlook that fell short of consensus estimates, leading to cautious investor reaction.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 1:07 pm

MOTS

Motus GI Holdings, Inc. (MOTS) has entered into a definitive agreement with an institutional investor for the immediate exercise of a Series B common stock purchase warrant, resulting in the sale of 2,933,334 shares for approximately $2.7 million. The exercise price was revised to $0.925 per share. Additionally, Motus agreed to issue two new unregistered warrants for a total of 4,400,001 shares at $0.74 per share. The proceeds will be used for working capital and general corporate purposes, with the transaction expected to close by February 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:07 pm

BNED

ETSY

LCID

PLNT

RIVN

TCOM

UCAR

In Thursday's pre-market session, 11 consumer discretionary stocks showed significant movement. Gainers included U Power, Barnes & Noble Education, Planet Fitness, Trip.com Group, and Faraday Future, with increases ranging from 6.93% to 13.2%. Losers were led by Rivian Automotive, JX Luxventure, Kidpik, Tarena International, Etsy, and Lucid Gr, with decreases ranging from 7.3% to 14.1%. Notably, Planet Fitness, Trip.com Group, Rivian Automotive, Etsy, and Lucid Gr had their Q4 earnings reports released, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:06 pm

CURO

FNGD

RELY

ROOT

In Thursday's pre-market session, several financial stocks showed significant movement. Root, Remitly Global, Lion Group Holding, and B. Riley Financial were among the top gainers, with notable increases in their share prices following their Q4 earnings releases. Conversely, CURO Group Holdings, MicroSectors FANG Index -3X Inverse Leveraged ETNs, Axis Capital Holdings, Carver Bancorp, Jackson Finl, and Cheche Group were the top losers, experiencing declines in their stock prices.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:06 pm

TALK

Talkspace, a leading provider of online therapy services, has announced an initial share repurchase program valued at $15 million. This move is aimed at buying back shares from the open market, signaling the company's confidence in its future prospects and potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:06 pm

AGRX

MNPR

SNPX

VERO

In Thursday's pre-market session, several healthcare stocks showed significant movement. Agile Therapeutics, Venus Concept, and Monopar Therapeutics were among the top gainers, with stock prices increasing by 82.4%, 72.95%, and 71.91% respectively. Ocular Therapeutix, Indivior, and Apyx Medical also saw notable gains. On the downside, Synaptogenix, Motus GI Holdings, and Chemomab Therapeutics led the losers, with their stock prices falling by 20.9%, 18.19%, and 9.69% respectively. Other stocks that experienced declines include Agape ATP, China Pharma Holding, and Cadrenal Therapeutics.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:06 pm

BELFA

BELFB

LWLG

OLO

In Thursday's pre-market session, several Information Technology stocks showed significant movement. Lightwave Logic, Olo, Nano Labs, Super Micro Computer, Veritone, and D-Wave Quantum were among the gainers, with increases ranging from 15.38% to 22.2%. On the downside, Bel Fuse, The9, DatChat, ARB IOT Group, and UTime experienced declines between 10.1% and 16.9%. Notably, Olo's rise followed its Q4 earnings release, as did the declines of Bel Fuse's two stock classes.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:05 pm

SLRX

Salarius Pharmaceuticals, Inc. (NASDAQ:SLRX) is implementing cost-saving measures to extend its cash runway into the first half of 2025, supporting ongoing seclidemstat clinical trials for hematologic cancers and Ewing sarcoma. The company has seen encouraging results, with a 50% objective response rate in hematologic cancer trials and a 60% rate in Ewing sarcoma patients. CEO David Arthur transitions to a part-time consultant role to reduce expenses. Salarius continues to explore strategic alternatives with Canaccord Genuity, LLC to maximize shareholder value.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:05 pm

AMEH

Apollo Medical Holdings, Inc. announced it will change its name to Astrana Health, Inc. and trade under the new ticker symbol 'ASTH' starting February 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:05 pm