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NFLX

Netflix Inc (NASDAQ:NFLX) is expanding into live sports, leveraging the success of its sports docuseries. The company announced 'The Netflix Slam,' a tennis match between Rafael Nadal and Carlos Alcaraz, to be streamed live on March 3, 2024. Netflix's sports docuseries have been successful, with 'Drive to Survive' contributing to the growth of Formula 1 in the U.S. Netflix's engagement report shows significant viewership hours for its sports series. The company is exploring live content, following in the footsteps of Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc (NASDAQ:AAPL), but focusing on smaller sports rights and live specials rather than costly major sports rights.

Portfolio Pulse from Chris Katje

December 13, 2023 | 6:24 pm

CMCSA

DIS

PARA

SNAP

Major U.S. companies Walt Disney and Comcast have increased their advertising spending on Instagram, while Paramount has tripled its spending on Snapchat, following a pause in advertising on Elon Musk's social media platform X due to antisemitic content concerns. Sensor Tower data indicates Disney and Comcast raised their ad spending by 40% and 6% respectively. The shift in ad spending highlights the challenges Musk faces with advertisers leaving X, which has also experienced a 16% drop in monthly active users since Musk's acquisition.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 6:16 pm

RBLX

Roblox Corp (NYSE:RBLX) stock rose after Wells Fargo analyst Ken Gawrelski initiated coverage with an Overweight rating and a price target of $49, citing advertising upside and a strong free cash flow projection. The company's engagement with pop culture, demonstrated by Nicki Minaj's collaboration, and its Investor Day highlights, including advertising strategies and bookings growth, support the positive outlook. RBLX shares were up 1.71% at $42.76.

Portfolio Pulse from Anusuya Lahiri

December 13, 2023 | 5:23 pm

FOX

FOX News Media (FNM) has announced the promotion of three senior executives to enhance its digital leadership team. Jason Klarman is now Chief Digital and Marketing Officer, Porter Berry is President of FOX News Digital and Editor-In-Chief, and Lauren Petterson is President of FOX Nation and Talent Development. Petterson will also step down as President of FOX Business Network (FBN), with Jay Wallace taking over. Megan Albano and Gavin Hadden have also been promoted within the organization. These changes aim to further grow and expand FOX News Media's successful digital platforms.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 4:05 pm

DANOY

DEO

HSY

LRLCY

Kahlil Lozoraitis, CEO of Weekenders Cannabis, applies a brand-centric leadership philosophy honed from his experience at major companies like Diageo PLC, L’Oréal SA, Danone SA, The Hershey Co, and Unilever PLC. Weekenders Cannabis, known for its sun-grown flower pre-rolls, operates in California and New York. Lozoraitis emphasizes the importance of persistence, managing uncertainty, and diversity in leadership. He advocates for more investment in minority entrepreneurs in the cannabis industry, noting that diverse teams yield superior results. Weekenders' collaboration with Gorilla RX on a community initiative in LA highlights his commitment to partnerships and sustainability.

Portfolio Pulse from Joana Scopel

December 13, 2023 | 3:58 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, META, and GOOGL based on proprietary formulas involving price, volume, and options flow. The analysis provides bullish and bearish price targets for each asset. The memo also highlights the importance of the upcoming PPI data and FOMC rate decision, which could lead to high market volatility. RIPS, a professional trader, curates the memo and offers real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

December 13, 2023 | 3:22 pm

EPAM

EPAM Systems, Inc. has launched its AI-powered DIAL Open Source Platform, designed to facilitate the development of applications using large language models (LLMs). The platform is adaptable, model-agnostic, and supports a wide range of applications across industries. It is already used in over 500 use cases and is available under the Apache 2.0 license, promoting open source collaboration. EPAM's DIAL platform is containerized, Kubernetes-ready, and compatible with major public cloud providers. The company also highlighted StatGPT, a tool developed on the DIAL platform to automate SDMX queries using LLMs.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 3:04 pm

LLY

Ro, a direct-to-patient healthcare company, has expanded its Body Program with the launch of Zepbound (tirzepatide), an FDA-approved weight loss treatment from Eli Lilly and Company. Zepbound has shown significant results in clinical trials, helping people lose an average of 48 pounds over 72 weeks. Ro's Body Program offers a comprehensive telehealth weight loss solution, integrating various medications, insurance coverage verification, side effect tracking, and AI learning models. The program also integrates with Apple Health for data sharing.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:54 pm

AAPL

Verizon Communications Inc. is offering a free iPhone SE 3 (64GB) from Apple Inc. as a holiday deal. Customers can upgrade to higher storage options for a small monthly fee, with total savings up to $579. The iPhone SE 3 features a 4.7-inch Retina display, A15 Bionic chipset, 4GB RAM, up to 256GB storage, and runs on iOS 17.2. It has a 12MP rear camera, 7MP front camera, and supports 5G and wireless charging.

Portfolio Pulse from Rounak Jain

December 13, 2023 | 2:36 pm

AFRM

Affirm (NASDAQ: AFRM) has partnered with Zenni Optical to offer a flexible payment option for customers purchasing eyewear. Eligible Zenni customers can now split purchases over $75 into monthly payments without hidden or late fees. The partnership aims to enhance the customer experience and increase purchasing power responsibly. Affirm's payment option has already shown an increase in average spending on eyewear during Black Friday, indicating strong consumer demand for such flexible payment solutions.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 2:02 pm