Streetbeat News

Marketing

FLGC

Flora Growth Corp. (NASDAQ:FLGC), a Canadian-based cannabis company, announced a distribution deal with Me Raw Trade Ltd., marking its entry into the Polish market. The partnership aims to distribute JustCBD and Vessel brands across Poland, leveraging Me Raw's expertise in navigating local cannabis laws. This move is part of Flora's strategy to expand its footprint in the EU's rapidly growing cannabis market, with Poland's legal cannabis users expected to reach 1.3 million by 2026 and the medicinal market projected at €2 billion by 2028. FLGC's shares were trading 3.54% higher at $2.34 per share following the announcement.

Portfolio Pulse from Patricio Liddle

April 11, 2024 | 3:46 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

Today's Market Clubhouse Morning Memo focuses on trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The analysis provides specific price levels for potential breakouts or reversals for each asset. Key economic indicators and Federal Reserve speakers' insights are expected to influence market volatility today. The memo is part of exclusive content offered to Market Clubhouse members, featuring live trading analysis and mentorship from pro trader RIPS.

Portfolio Pulse from RIPS

April 11, 2024 | 2:18 pm

MRMD

MariMed Inc. has expanded its presence in the cannabis industry by acquiring Allgreens Dispensary in Illinois and entering a marketing partnership with two iconic music venues in Boston. The acquisition, approved by the Illinois Department of Financial & Professional Regulation, marks MariMed's fifth dispensary in Illinois and is part of its strategy to consolidate its financial results and expand its retail footprint. The company also acquired operating assets in Maryland, emphasizing its strategic priority to maximize its footprint there. Additionally, MariMed's marketing partnership with MGM Music Hall Fenway and Citizens House of Blues Boston positions its Nature's Heritage brand as the exclusive cannabis sponsor, aiming to connect with music fans.

Portfolio Pulse from Jelena Martinovic

April 11, 2024 | 2:14 pm

SPOT

Spotify's press release highlights the success of Canadian music on its platform, noting that Canadian artists were discovered 3.8 billion times last year and royalties exceeded $435 million CAD from 2018 to 2023. The release criticizes the CRTC's outdated criteria for defining Canadian content, which excludes many successful artists due to the global nature of their collaborations. It mentions artists like Tate McRae and Ikky as examples of Canadian success stories not fitting the CRTC criteria. Spotify advocates for an updated definition of Canadian and Indigenous music to reflect the global success of Canadian artists, as their revenue on Spotify grew by over 15% in 2023, outpacing the global industry.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:13 pm

KMX

CarMax's CFO announced during a conference call that the company is reducing its 30-day money back guarantee to 10 days due to many consumers taking advantage of the policy before the 30-day mark. The CFO clarified that supply issues are not the concern, but rather the pricing of vehicles.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 2:05 pm

HART

LUXX

NKE

Nike, Inc. (NYSE:NKE) shares rose after launching Olympic kits and receiving an upgrade from BofA Securities from Neutral to Buy with a price target increase from $110 to $113. The company aims to leverage the Olympics to boost sales of its performance products, including the Alphafly 3 marathon shoe and Pegasus shoe range. Nike plans to outfit teams from various countries in different sports. The company also reported a slight year-over-year increase in third-quarter revenue, beating consensus estimates. Exposure to Nike's stock can also be gained through IQ Healthy Hearts ETF (NYSE:HART) and Listed Funds Trust Roundhill S&P Global Luxury ETF (NYSE:LUXX).

Portfolio Pulse from Lekha Gupta

April 11, 2024 | 1:45 pm

AAPL

Wedbush's Dan Ives is optimistic about Apple Inc.'s (NASDAQ:AAPL) future in China despite current struggles, citing steady iPhone production and strong performance in other key markets. Ives highlights potential growth catalysts including AI announcements and a stronger iPhone upgrade cycle, maintaining an 'Outperform' rating with a $250 price target. Apple faces competition and geopolitical challenges in China but is taking steps like shifting manufacturing to India.

Portfolio Pulse from Rounak Jain

April 11, 2024 | 1:43 pm

IAS

Integral Ad Science (IAS) has expanded its brand safety and suitability measurement on TikTok, introducing new Category Exclusion and Vertical Sensitivity Segments. This expansion allows advertisers to more effectively avoid unsuitable content, enhancing campaign safety across 62 countries and 34 languages. IAS's AI-driven Total Media Quality product leverages multimedia technology for content classification, supporting advertisers in scaling their brands on TikTok. The update includes automated suitability profiles in IAS Signal and deeper insights through Custom Report Builder, aligning with TikTok Ads Manager for improved campaign management.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:36 pm

DoubleVerify (DV) has expanded its AI-powered brand safety and suitability capabilities for TikTok advertisers by introducing 16 new content categories. This expansion supports TikTok's Inventory Filters - Vertical Sensitivity and Category Exclusion, enhancing advertisers' ability to align their promotions with suitable content. DV's Universal Content Intelligence, leveraging AI technology, powers this expansion, offering precise content classification across various sectors. This move is part of DV's ongoing partnership with TikTok, aimed at ensuring brand equity protection and maximizing campaign effectiveness.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:36 pm

PPRUF

PPRUY

Kering SA has appointed Stefano Cantino as deputy CEO of Gucci to revitalize the brand. Cantino, with extensive experience at Louis Vuitton and Prada, will assume his role on May 2, reporting to Gucci's President and CEO, Jean-François Palus. This move comes as Gucci seeks to improve its performance, which has lagged behind competitors.

Portfolio Pulse from Shivani Kumaresan

April 11, 2024 | 1:33 pm