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GSM

LONGi, a Chinese solar technology company, has signed a long-term silicon supply agreement with Ferroglobe PLC (NASDAQ:GSM), starting January 1, 2024. Ferroglobe will supply quartzite and metallurgical grade silicon to support LONGi's strategy of increasing purchases from Western suppliers. This partnership is aimed at enhancing LONGi's supply of high-efficiency and eco-friendly solar products globally. Ferroglobe recently reported a 36% decline in revenue for FY23 to $1.7 billion. Following the announcement, GSM shares saw a slight increase of 0.44% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 04, 2024 | 1:21 pm

JWN

Nordstrom, Inc. (JWN) is anticipated to release its Q4 earnings on March 5, 2024, with expected earnings of 86 cents per share, up from 74 cents a year ago, and projected revenue of $4.38 billion, slightly up from $4.32 billion. The article also explores how investors can generate monthly income from Nordstrom's dividends, which currently yield 3.67%, by owning a significant number of shares. Additionally, it mentions the impact of stock price fluctuations on dividend yield and the recent price action of JWN shares, which fell 1.2% to close at $20.72.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:20 pm

PTVE

Pactiv Evergreen Inc. (NASDAQ:PTVE) reported a 14% year-over-year decrease in Q4 net revenues to $1,274 million and an increase in adjusted earnings to 33 cents per share. Despite operational challenges, the company exceeded financial goals and plans to optimize its footprint in 2024 for cost savings and sustainable growth. Following the report, PTVE shares fell 10.1%. Analysts from Baird, Goldman Sachs, and Citigroup revised their price targets, with mixed outlooks.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 1:19 pm

BGC

BGC Group is set to join the S&P SmallCap 600, marking a significant milestone for the company and potentially influencing its stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:18 pm

PROC

Procaps Group (NASDAQ:PROC) is exploring strategic alternatives to maximize shareholder value, including potential M&A activities. The company has formed a strategic committee and retained BTG Pactual to assist in this process. This initiative is led by the new CEO, Jose Vieira, and aims to accelerate growth and optimize shareholder value. The outcome of this strategic review is uncertain, and Procaps will provide updates in compliance with disclosure obligations.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:17 pm

ACR

BKKT

COIN

PSBD

RELI

In Monday's pre-market session, financial stocks showed significant movement. Palmer Square Capital BDC (PSBD) led the gainers with a 29.1% increase following its FY earnings report. Other notable gainers included Reliance Global Group (RELI), Bakkt Holdings (BKKT), Solowin Holdings (SWIN), KB Financial Group (KB), and Coinbase Global (COIN). On the losing side, ACRES Commercial Realty (ACR) saw a 9.1% decrease after its Q4 earnings, with Senmiao Tech (AIHS), Garden Stage (GSIW), Better Home & Finance (BETR), and Lion Group Holding (LGHL) also experiencing declines.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

AIMD

AKLI

BIVI

ETNB

HSDT

QNRX

In Monday's pre-market session, several healthcare stocks showed significant movement. Quoin Pharmaceuticals, Ainos, and Helius Medical Tech were among the top gainers, with stock prices increasing by 71.1%, 69.52%, and 55.04% respectively. On the losing side, BioVie, First Wave BioPharma, and Sunshine Biopharma saw declines of 46.0%, 29.44%, and 21.49%. Notably, 89bio and Akili released their Q4 earnings reports two days ago, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

ASTR

GIC

RMCO

SMR

ZCAR

In Monday's pre-market session, several industrials stocks showed significant movement. NuScale Power (SMR) led the gainers with a 24.6% increase, while Astra Space (ASTR) experienced the largest decline among the losers, dropping 20.3%. Other notable movers included Global Industrial (GIC) with a 13.71% rise following their Q4 earnings release, and SES AI (SES) which rose by 11.01%. On the downside, Royalty Management Holdings (RMCO) and Zoomcar Holdings (ZCAR) saw declines of 11.19% and 4.88%, respectively.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

MINM

PERF

PHUN

SMCI

WDAY

In Monday's pre-market session, several information technology stocks showed significant movement. Phunware, Perfect, Super Micro Computer, BigBear.ai Holdings, Bitdeer Technologies, and DatChat were among the gainers, with increases ranging from 12.22% to 21.5%. On the downside, Minim, MMTEC, Airspan Networks Holdings, Synchronoss Technologies, DZS, and Workday experienced declines between 4.43% and 14.5%. These movements reflect the dynamic nature of the tech stock market.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

EWX

PGJ

SOHU

Sohu.com Limited (NASDAQ: SOHU) reported a 12% Y/Y revenue decline to $141.36 million for Q4 2023, with a smaller-than-expected adjusted loss per ADS of 32 cents. Brand advertising and online game revenues fell by 30% and 5% Y/Y, respectively. The company announced an increase in its share repurchase program from $80 million to $150 million. Sohu forecasts a decrease in brand advertising and online game revenues for Q1 2024, alongside an estimated adjusted net loss of $23 million to $33 million. SOHU shares dropped 2.40% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:08 pm