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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

SYRS

Syros Pharmaceuticals (NASDAQ:SYRS) reported a significant miss in both earnings and revenue for Q4. EPS was $(2.22), missing estimates by 94.74%, and sales were $386.00K, missing estimates by 80.70%. This represents a drastic decrease in earnings and a significant increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:31 am

PAYS

PaySign shares surged following the announcement of their Q4 financial results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:31 am

AMD

INTC

NVDA

SK Hynix expects its high-bandwidth memory (HBM) chips, used in AI chipsets, to make up a significant portion of its DRAM sales by 2024, benefiting Nvidia as a key recipient. SK Hynix, a leading supplier of HBM3 chips to Nvidia, anticipates these chips will represent 15% of global DRAM sales in 2024, up from 8% in 2023. The company also plans a $4 billion chip-packaging facility in Indiana, supported by the U.S. Chips Act. This development comes amid heightened U.S.-China semiconductor tensions, with China reducing its reliance on U.S. microprocessors from Intel and AMD.

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 11:30 am

BERY

Truist Securities analyst Michael Roxland downgraded Berry Global Group (BERY) from Buy to Hold and reduced the price target from $75 to $68.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:26 am

PRGS

MariaDB shares have seen an increase in their trading value following an announcement by Progress Software that it is evaluating a potential offer to acquire the company.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:23 am

IBIO

IBio shares surged following the announcement of a collaboration with AstralBio to develop AI-powered antibodies for obesity and cardiometabolic diseases.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:23 am

DIA

GLD

QQQ

SPY

USO

On March 26th, U.S. markets closed lower, with the Dow, S&P 500, and Nasdaq all experiencing losses. Economic data showed a rise in U.S. durable goods orders and home prices. Asian markets were mixed, with gains in Japan, Australia, and India, but losses in China and Hong Kong. European markets saw slight gains, except for the U.K.'s FTSE 100. Commodities saw crude oil and natural gas prices drop, while gold and silver prices increased. U.S. futures indicated a positive opening for the next trading session.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 11:22 am

LOCL

Local Bounti (NYSE:LOCL) reported Q4 adjusted EPS of $(3.35), missing the $(2.43) estimate, and sales of $6.87M, missing the $8.70M estimate. This represents a 14.1% increase in losses and a 3.43% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 11:22 am