Streetbeat News

Marketing

CMCSA

DIS

GOOG

INTU

KDP

PARA

Super Bowl LVIII featured commercials from a wide range of companies, with ad slots priced at around $7 million for 30 seconds. Paramount Global Inc aired the game on CBS, Nickelodeon, and streamed it on Paramount+. The overtime period likely resulted in additional ads. Companies like Keurig Dr Pepper, Intuit, Flutter Entertainment, Disney, Alphabet, Comcast, Unilever, PepsiCo, Restaurant Brands International, CoStar Group, Kellanova, Anheuser-Busch InBev, PDD Holdings, L'Oreal, Booking Holdings, T-Mobile US, Molson Coors Beverage, Mondelez International, Morgan Stanley, The Hershey Company, Squarespace, Snap Inc, Deckers Outdoor, e.l.f. Beauty, Etsy, Apple, Danone, Maplebear, Uber Technologies, Pfizer, Skechers, Toyota Motor Corporation, Amazon.com, Ally Financial, Progressive Corporation, Discovery Financial Services, and DoorDash were among those who advertised during the event.

Portfolio Pulse from Chris Katje

February 12, 2024 | 6:40 pm

AMZN

GOOG

META

PINS

SNAP

Snap Inc. (SNAP) stock plummeted nearly a third after Q4 results missed Wall Street expectations and announced a 10% workforce reduction. Despite solid user growth, Snap's revenue per user fell, contrasting with the online ad market recovery seen by Meta Platforms (META), Alphabet (GOOG), and Amazon.com Inc. (AMZN), who reported significant ad revenue growth. Pinterest (PINS) also faced monetization challenges, seeking partnerships with Google and Amazon for improvement. Snap aims to focus on growing its user base and engagement in monetizable markets.

Portfolio Pulse from Upwallstreet

February 12, 2024 | 3:56 pm

DIS

DKNG

PENN

Barstool Sports has renewed its partnership with DraftKings (NASDAQ:DKNG) following the repurchase of Barstool by its founder, Dave Portnoy, from PENN Entertainment (NASDAQ:PENN). The deal makes DraftKings the exclusive sports betting partner of Barstool Sports. This partnership was announced shortly after Super Bowl LVIII and includes a Free Throw Challenge with a $100,000 prize from DraftKings. PENN previously acquired and then sold Barstool Sports back to Portnoy, moving on to a partnership with Disney's ESPN Bet. The rekindled Barstool-DraftKings partnership could attract new customers to DraftKings and impact the sports betting market.

Portfolio Pulse from Chris Katje

February 12, 2024 | 3:46 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 12th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. Additionally, the memo highlights the importance of staying alert to market changes and mentions upcoming economic data releases.

Portfolio Pulse from RIPS

February 12, 2024 | 3:38 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares are rising due to increased attention ahead of its earnings report this week. The stock has been trending on social platforms and was among the most mentioned on Reddit's r/wallstreetbets. Robinhood is expected to report a Q4 loss of 1 cent per share with revenue of $456.814 million. Last quarter, the stock fell after reporting mixed results and a decline in monthly active users. However, shares are up 20% over a year. Wall Street views Robinhood as Neutral, with some analysts expecting a 16.67% rise in the coming year.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:56 pm

BTCUSD

Andrew Kang of Mechanism Capital predicts Bitcoin inflows could reach $40-130 billion in 2024, highlighting underappreciation of global wealth's potential impact on crypto. Cryptoquant's CEO and Syncracy Capital's Daniel Cheung support bullish sentiments, citing factors like Bitcoin spot ETFs, investor resilience, and a favorable regulatory landscape. The absence of Bitcoin commercials during Super Bowl LVIII suggests the market's early stage, reinforcing the optimistic outlook for the next 12-24 months.

Portfolio Pulse from Murtuza Merchant

February 12, 2024 | 2:42 pm

ACDC

ProFrac Holding Corp. has announced its operational and strategic priorities for 2024, focusing on higher utilization, enhancing customer experience, and maintaining low per unit costs. The announcement reflects the company's commitment to operational excellence and cost efficiency.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:36 pm

AAPL

An Apple Insider analysis has debunked concerns about RF radiation from the Wi-Fi and Bluetooth chips in Apple's Vision Pro being harmful. It clarified that RF radiation is different from ionizing radiation, which is harmful, and highlighted that the RF radiation levels from the device are much lower than those that could cause tissue damage. Both WHO and FDA have confirmed no scientific evidence suggests that weak RF signals from electronic devices can cause adverse health effects. The report reassures Apple Vision Pro users that the risk of RF radiation exposure is minimal.

Portfolio Pulse from Rounak Jain

February 12, 2024 | 2:29 pm

BTC-USD

DOGE-USD

ETH-USD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin show mixed performance as analysts predict significant movements, including a potential Dogecoin pump. US markets see cautious optimism with Nasdaq and S&P futures flatlining ahead of key data, while Waste Management and Goodyear Tire are stocks to watch. Political and economic developments, including US-China tensions and EU climate policy shifts, alongside tech and EV sector updates, including Apple, Google, and Tesla, highlight the global landscape. Elon Musk's activities, from SpaceX Mars plans to Tesla's challenges, also draw attention.

Portfolio Pulse from Akanksha Bakshi

February 12, 2024 | 2:21 pm

KSS

Kartoon Studios has announced a partnership with Penguin Young Readers and Kohl's to launch 'Llama Llama' merchandise. The first product launch is scheduled for February 2024, with a second promotion set for April 2024. These products will be available in Kohl's stores nationwide and on Kohls.com. The partnership aims to expand the 'Llama Llama' brand into new consumer products.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:17 pm