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DJT

DWAC

Truth Social, Donald Trump's social media venture, went public through a merger with Digital World Acquisition Corp. (DWAC), now trading under the symbol DJT. Despite a valuation of around $5 billion, experts like Helaine Olen advise caution due to Trump's financial history, Truth Social's small user base, and the speculative nature of SPACs. The stock has seen significant volatility, and there's a six-month lockup period for insiders post-merger.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 1:25 pm

Unilever PLC (NYSE:UL) announced plans to spin off its ice-cream business, including Ben & Jerry's, cutting 7,500 jobs as part of a cost-savings program, aiming to complete by end of 2025. The move is part of CEO Hein Schumacher's strategy to focus on 30 key brands, aiming for mid-single-digit sales growth and improved margins. Unilever's Q4 results showed a need for further improvement. Meanwhile, competitor Procter & Gamble (NYSE:PG) reported mixed results with volume drops in several segments.

Portfolio Pulse from Upwallstreet

March 26, 2024 | 1:24 pm

CISS

C3is (NASDAQ:CISS) reported a significant increase in Q4 earnings per share (EPS) to $0.25, up from $0.07 YoY, and a 347.89% increase in sales to $13.78M from $3.08M YoY.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:24 pm

SPY

TSLA

The article covers a wide range of topics from the crypto market's recovery, with Bitcoin touching $70K and Ethereum and Dogecoin also bouncing upward, to various US and world political and economic news. It mentions Tesla's rollout of a free Full Self-Driving trial in the US, the London Stock Exchange's significant bet on Bitcoin and Ether, and predictions of stock market rallies by Goldman Sachs and Bank of America. Additionally, it touches on tech news including antitrust lawsuits against major companies, AI developments, and electric vehicle updates, including debates on Tesla's EVs versus hybrids.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 1:23 pm

STOK

Stoke Therapeutics Inc (NASDAQ:STOK) released new data from studies on its anti-epilepsy drug, STK-001, showing significant reductions in seizure frequency and improvements in cognition and behavior in Dravet syndrome patients. The drug was well-tolerated, and the FDA cleared a new dosing regimen. Following the news, STOK shares surged 74.60% in premarket trading.

Portfolio Pulse from Vandana Singh

March 26, 2024 | 1:20 pm

DWAC

Trump Media & Technology Group (TMTG), known for its social media platform Truth Social, has begun trading on the NASDAQ under the ticker symbol 'DJT' after completing a business combination with Digital World Acquisition Corp. (NASDAQ:DWAC). The new ticker symbol 'DJT' honors former President Donald J. Trump, reflecting the company's commitment to free speech and opposition to Big Tech censorship.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:20 pm

AAPL

DWAC

LOT

MSTR

NVDA

RDDT

SMCI

TSLA

TSM

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:20 pm

HSY

MDLZ

NVDA

Cocoa prices have surged to $10,000 per metric ton, doubling in just 50 days, due to weather and disease impacting crops in West Africa. Hershey Co (HSY) and Mondelez International Inc (MDLZ) have warned of the impact on their earnings, with Hershey expecting limited earnings growth this year. The situation has led to 'shrinkflation' for consumers, with chocolate products becoming smaller and more expensive. Nvidia Corporation (NVDA) is mentioned for comparison, having added $1 trillion to its market cap in 67 days of 2024.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 1:19 pm

BTCUSD

Prominent crypto analyst Michaël van de Poppe predicts a significant surge for altcoins following a substantial market correction, while Bitcoin (BTC) consolidates. Van de Poppe cites a 'very healthy correction' and bottoming out patterns as indicators of upcoming highs for altcoins. He plans to continue investing in altcoins due to their low valuations before swapping back to Bitcoin at the end of the cycle. This bullish outlook aligns with other forecasts within the crypto community, amidst a recent 4.2% increase in the global cryptocurrency market cap to $2.55 trillion.

Portfolio Pulse from Benzinga Neuro

March 26, 2024 | 1:18 pm

HSY

Hershey shares are trading lower due to potential pressure from rising cocoa prices, which could impact the company's cost of goods sold and margins.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 1:16 pm