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The Market Clubhouse Morning Memo for February 1st, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It outlines potential bullish and bearish price levels for each asset, influenced by price, volume, and options flow. The memo also highlights the importance of upcoming employment data, PMI numbers, and a Bill Auction, suggesting these could impact market volatility and trading decisions. The memo is part of exclusive content offered to Market Clubhouse members, providing insights and real-time mentorship from a pro trader known as RIPS.

Portfolio Pulse from RIPS

February 01, 2024 | 4:25 pm

BTCUSD

ETHUSD

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin fell after the Fed left rates unchanged, signaling a temporary setback. Meanwhile, a new ETF allows investment in major tech stocks, and Binance faces a lawsuit for allegedly aiding terrorists. In the US, market sentiment declined following the Fed's decision, impacting stocks and the Dow. Globally, tensions with Iran and China's cyber activities raise concerns. Economic indicators suggest a looming recession, while in tech, Apple's new products and partnerships draw attention. The electric vehicle sector sees advancements and legal challenges for Tesla.

Portfolio Pulse from Akanksha Bakshi

February 01, 2024 | 1:22 pm

BRTX

BioRestorative Therapies announced its plans to present preliminary clinical data for its product BRTX-100 at the Orthopaedic Research Society (ORS) 2024 Annual Meeting. This marks a significant milestone for the company as it progresses in its clinical trials.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:38 pm

SCTL

Societal CDMO and Benuvia have entered into a co-marketing agreement to jointly promote their complementary services in CDMO (Contract Development and Manufacturing Organization) and API (Active Pharmaceutical Ingredient) manufacturing to drug developers. This partnership aims to leverage the strengths of both companies to offer a more comprehensive service package to clients in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:11 pm

CELH

Celsius Holdings has officially launched its operations in Canada, introducing five new fruit-forward flavors to the market. This expansion represents a significant step for the company in extending its global footprint and diversifying its product offerings.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:28 am

RACE

Ferrari anticipates a positive product and country mix in 2024, with strong personalizations boosting its outlook. However, its racing activities, particularly in Formula 1, are expected to be negatively impacted due to a lower ranking in 2023, despite an increased number of races in the 2024 calendar.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 11:16 am

BTCUSD

Ben Armstrong, also known as 'Bitboy', has announced the end of his daily cryptocurrency livestream due to unsustainable production costs, revealing he was 'burning $25,000 a week' and facing legal fees of 'about $100,000 a month'. Armstrong, who gained popularity in 2018 and launched his own cryptocurrency, $BEN coin, in mid-2023, is also dealing with personal accusations and legal battles over the control of BitBoy Crypto.

Portfolio Pulse from Mehab Qureshi

February 01, 2024 | 4:33 am

META

During a Senate hearing on tech companies' role in online child exploitation, Meta Platforms Inc. CEO Mark Zuckerberg was heckled by parents. Later, X CEO Linda Yaccarino promised to make the internet safer, stating X's commitment to combating child sexual exploitation (CSE). Yaccarino highlighted X's efforts, including the suspension of 12.4 million accounts for CSE policy violations, an increase from Twitter's 2.3 million in 2022. X also supports legislative efforts to protect children online. The article contrasts this with past reports of Instagram facilitating connections between pedophiles and content sellers, and advertisers withdrawing from Twitter due to ads appearing next to child pornography solicitation.

Portfolio Pulse from Ananya Gairola

February 01, 2024 | 2:23 am

SPHR

Sphere Entertainment's Las Vegas Sphere venue gained attention with U2 concerts and viral ads. It's set to benefit from Super Bowl LVIII with ad rates up to $2M for the week. Dead & Company, featuring Grateful Dead members, confirmed potential shows at the Sphere. Sphere Entertainment reported Q1 revenue of $118M, down 4% YoY, with $7.8M from the Sphere. The second quarter will include U2 concert revenue and Super Bowl ad earnings. SPHR shares were up 0.6% to $35.38.

Portfolio Pulse from Chris Katje

January 31, 2024 | 10:41 pm

TSLA

Elon Musk's tweet featuring a video of Tesla's humanoid robot, Optimus, caused a 25% surge in the price of the memecoin Optimus AI (OPTI). Blockchain entrepreneur Bruno Volcovinsky commented on the quick money-making opportunity this presents for investors. Crypto analyst Tiredwtf noted Musk's significant influence on crypto prices, referencing past surges in Dogecoin and other Elon-inspired coins. However, the price of OPTI has since corrected, falling back to around 20 cents.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 10:22 pm