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GCTS

GCT Semiconductor has become a publicly traded company following a business combination with Concord Acquisition Corp III. It now trades on the NYSE under the ticker symbol 'GCTS'.

Portfolio Pulse from Charles Gross

March 27, 2024 | 11:48 am

AVIV

GSIB

HSBC

HSBC Holdings plc (NYSE:HSBC) announced the launch of a $150 million Venture Debt offering and a $1 billion ASEAN Growth Fund in Singapore, aimed at scaling high-growth companies and digital platform businesses. The offerings are designed to provide flexible financing solutions for various funding requirements and complement HSBC's existing $200 million New Economy Fund. Additionally, HSBC plans to hire about 50 more bankers in the U.S. to lend to startups, mainly in technology and healthcare. Investors can gain exposure to HSBC through Themes Global Systemically Important Banks ETF (NASDAQ:GSIB) and Avantis International Large Cap Value ETF (NYSE:AVIV). HSBC shares are down 1.34% in premarket trading.

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 11:47 am

VERB

Verb Technology's shares surged following the announcement of a formal partnership between its MARKET.live platform and TikTok, where MARKET.live will become a service provider for TikTok Shop and receive a TikTok Shop Partner designation.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:46 am

NFLX

Wedbush analyst Michael Pachter maintains an Outperform rating on Netflix (NASDAQ:NFLX) and raises the price target from $615 to $725.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:46 am

C

HOOD

SCHW

As of March 27, 2024, Robinhood Markets, Inc. (HOOD), Citigroup Inc. (C), and The Charles Schwab Corporation (SCHW) are identified as overbought financial stocks, with RSI values indicating potential short-term performance concerns. Robinhood's recent Gold Card launch and app redesign, Citigroup's part in a landmark antitrust settlement with Visa and Mastercard, and Charles Schwab's upgrade by TD Cowen analyst could influence their stock movements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 11:43 am

AAPL

Eric Jackson from EMJ Capital suggests buying Apple Inc. (AAPL) stock, citing excessive pessimism among investors despite challenges like declining iPhone sales in China and a DOJ antitrust lawsuit. Apple's stock has fallen 14.27% since its all-time high in December. Jackson believes the upcoming June WWDC event could be a catalyst for the stock. Apple also faces regulatory pressures, including a $1.95 billion fine in a Spotify antitrust case, and has been forced to adopt USB Type-C and RCS due to regulatory decisions.

Portfolio Pulse from Rounak Jain

March 27, 2024 | 11:43 am

GRTX

Galera Therapeutics received a letter from Nasdaq on March 26 indicating that the company has not regained compliance with the minimum market value of listed securities requirement, as per an 8K filing.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:42 am

VLD

Velo3D's stock price declined following the announcement of disappointing Q4 financial results, which fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:42 am

ACIC

LEGH

RC

Insiders at Ready Capital, American Coastal Insurance, and Legacy Housing have recently made notable stock purchases, signaling confidence in their companies. Ready Capital's director acquired shares despite downbeat quarterly results, American Coastal's director bought shares after upbeat earnings, and Legacy Housing's director made purchases following disappointing financial results.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 11:42 am

VFS

VinFast Auto Ltd (NASDAQ:VFS) has signed letters of intent with 15 dealers in Thailand to expand its distribution network, planning to open 22 showrooms in the Greater Bangkok Area and other major cities. This move is part of VinFast's strategy to leverage Thailand's high electric vehicle adoption rate and its goal to expand to at least 50 countries by 2024. VFS shares rose 0.85% to $4.74 in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 11:35 am