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HOLOW

Trading for HOLOW was halted and then resumed at 9:00:00 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 2:00 pm

BABA

MSFT

TCEHY

Alibaba Group Holding Limited (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) are competing in the cloud computing market by offering server plans for 'Palworld,' a game developed by Pocketpair that sold over 8 million copies in less than six days. Despite Steam's inaccessibility in China, 'Palworld' has gained popularity there, accessible via VPNs and on Microsoft Corp's (NASDAQ:MSFT) Xbox. This competition highlights the intense rivalry between Alibaba and Tencent in China's cloud market.

Portfolio Pulse from Anusuya Lahiri

February 02, 2024 | 1:58 pm

AVBP

CLF

KALV

VERA

Insiders at Vera Therapeutics, ArriVent BioPharma, KalVista Pharmaceuticals, and Cleveland-Cliffs have made significant stock purchases, indicating potential confidence in their companies' futures. Vera Therapeutics and ArriVent BioPharma both priced their public and initial public offerings, respectively. KalVista Pharmaceuticals published promising pharmacology data, while Cleveland-Cliffs reported a slight quarterly loss.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:56 pm

GNPX

Trading for GNPX was halted and then resumed at 8:55 AM ET, following an update on its status. The halt was due to the need for a quotation resumption, which indicates a temporary pause in trading to ensure fair and orderly market activity.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:55 pm

HOLO

Trading for HOLO was halted and then resumed at 8:55:00 AM ET, with updates on quotation resumption, news, and resumption times provided.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:55 pm

BSGM

Trading for BSGM was halted and then resumed at 8:55 AM ET, following an update on its status.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:55 pm

DECK

Deckers Outdoor Corporation (NYSE:DECK) reported Q3 earnings of $15.11 per share, surpassing estimates of $11.48, with a 44% increase from last year. Revenue reached $1.560 billion, beating estimates of $1.448 billion, a 16% growth from the previous year. The company forecasts full-year 2024 earnings between $26.25 and $26.50 per share, with revenue around $4.15 billion and a gross margin of approximately 54.5%. Following the report, DECK shares rose 2.5% to $772.85. Analysts from Telsey Advisory Group, Wedbush, and Wells Fargo have raised their price targets for DECK.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 1:54 pm

SKX

Skechers shares are trading lower following the announcement of mixed Q4 financial results, indicating a disparity between expected and actual performance metrics.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:53 pm

COLM

Columbia Sportswear's stock price declined following the announcement of disappointing Q4 financial results and future guidance that did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 1:53 pm

AMD

AVGO

META

MSFT

NFLX

NVDA

TSLA

TSM

The stock market has transitioned from the FAANG era (Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet) to the Mag7 (Tesla, NVIDIA, Apple, Google, Meta, Amazon, Microsoft) and now to the AI5 era, focusing on top AI stocks (Microsoft, TSMC, Broadcom, Nvidia, AMD). Each era reflects the changing dynamics and technological advancements in the industry, with AI5 highlighting companies at the forefront of artificial intelligence development.

Portfolio Pulse from Surbhi Jain

February 02, 2024 | 1:50 pm