Streetbeat News

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AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 28th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis and price levels for each asset, advising traders to monitor these stocks for potential breakouts or reversals. The memo also highlights the importance of upcoming economic data releases and quarter-end rebalancing trades, suggesting increased market volatility.

Portfolio Pulse from RIPS

March 28, 2024 | 2:17 pm

AKAN

META

Akanda Corp. announced that Canmart, its wholly-owned subsidiary, plans to integrate social shopping technology on Facebook and Instagram, aiming to enhance its market presence and customer engagement.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:11 pm

BZFD

The Independent and BuzzFeed have entered into a long-term license and strategic partnership in the UK and Ireland, creating a supergroup of digital media pioneers. This deal combines their tech, publishing, and media innovation in both editorial and commercial operations. It aims to provide advertisers and e-commerce groups with an unprecedented opportunity to reach Gen Z and millennial audiences across video, web, and social media in premium publisher environments.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 2:05 pm

SPOT

Universal Music Group and Spotify have expanded their strategic relationship, allowing Spotify to distribute music videos in the US. This move could enhance Spotify's content offerings and potentially attract more users and advertisers, leveraging Universal Music Group's extensive catalog of music videos.

Portfolio Pulse from Charles Gross

March 28, 2024 | 2:04 pm

CRM

FDTX

FEPI

Salesforce, Inc (NYSE:CRM) celebrated securing the rights to Albert Einstein's image by assembling nearly 900 individuals dressed as the scientist in San Francisco, setting a Guinness World Record. This $20M investment, made nearly a decade ago, underscores Salesforce's branding strategy to dominate the AI tech field with a friendly Einstein symbolizing its AI's innovativeness and safety. The licensing proceeds benefit the Hebrew University of Jerusalem. Salesforce's CEO Marc Benioff highlighted the unique capabilities of Einstein Copilot in leveraging customer data. The company's stock, part of REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Fidelity Disruptive Technology ETF (NASDAQ:FDTX), saw a 57% gain in the last 12 months and traded higher by 0.45% at $302.75 recently.

Portfolio Pulse from Anusuya Lahiri

March 28, 2024 | 1:53 pm

TSLA

Tesla shares are trading lower following the announcement that Xiaomi has priced its SU7 electric vehicle (EV) below Tesla's Model 3 in China, indicating increased competition in the EV market.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:33 pm

MTCH

Z

ZG

JPMorgan analyst Cory A. Carpenter discussed insights from a meeting with Match Group Inc's CEO, Bernard Kim, focusing on Tinder's strategy of incremental innovations and its impact on user engagement and conversion rates. The strategy includes tailored subscription offerings and localized features, aiming to enhance the user experience without major changes to its core swiping mechanism. Additionally, recent board additions at Match Group, including executives from Instacart and Zillow Group, signal a commitment to product and marketing innovation. Despite a downward revision in revenue estimates for the online dating industry, a positive long-term growth outlook is maintained.

Portfolio Pulse from Surbhi Jain

March 28, 2024 | 1:22 pm

AKAN

Akanda Corp. has announced its strategic plan to explore and potentially enter the Bitcoin, blockchain, and AI segments within the cannabis market. This move aims to leverage emerging technologies to innovate and possibly enhance its market position in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:18 pm

HPCO

Hempacco Co., Inc. (NASDAQ:HPCO) has signed a three-month media contract with New to The Street for the continuation of filming and broadcasting tailored interviews and streaming digital billboard ads in New York City. The interviews, focusing on Hempacco's hemp-based Disrupting Tobacco products, will air weekly on the FOX Business Network. The partnership aims to increase awareness of Hempacco's products, including hemp cigarettes and CBD products, through various media platforms. The company's collaborations with celebrities and its innovative hemp products are highlighted as key growth drivers.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:15 pm

AFRM

NEGG

Newegg Commerce, Inc. (NASDAQ:NEGG) partners with Affirm (NASDAQ:AFRM) to offer a 10% discount for students, faculty, and staff who check out with Affirm using an .edu email. This discount can be combined with other offers and applies to orders of $100 or more. The offer aims to alleviate the financial burden of purchasing technology products for the educational community. It is available on a wide range of products including computers, laptops, tablets, and more.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 1:04 pm