Streetbeat News

Marketing

AMD

NVDA

AMD is reportedly postponing the launch of its Radeon RX 7600 XT GPU in China to avoid competition with its Radeon RX 6750 GRE, which is exclusive to the Chinese market. The RX 6750 GRE is favored for its cost-effectiveness and performance, and AMD aims to maintain its popularity against Nvidia's RTX 4060 series and AMD's own RX 7600. The delay is seen as a strategic move to prevent consumer confusion and internal competition. AMD's stock traded higher by 2.42% at $139.28 recently.

Portfolio Pulse from Anusuya Lahiri

January 05, 2024 | 5:34 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading levels for SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, META, and NVDA based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price targets for each asset and advises traders to monitor these stocks closely for breakouts or reversals. The release of the Non-Farm Payrolls report is expected to significantly influence market sentiment and volatility. The memo is part of the Market Clubhouse membership, which offers daily market analysis, a watch list, and real-time trading mentorship by a professional trader known as RIPS.

Portfolio Pulse from RIPS

January 05, 2024 | 3:46 pm

EDU

PDD

East Buy Holding Ltd., a livestreaming e-commerce subsidiary of New Oriental Education (NYSE:EDU), fired its CEO Sun Dongxu after a dispute with top influencer Dong Yuhui. The company's shares rallied 21.9% following the CEO's removal. East Buy has seen rapid growth since shifting from online tutoring to e-commerce, with a high P/E ratio close to that of PDD Holdings (NASDAQ:PDD). The incident highlights the risks of relying on key influencers in the livestreaming e-commerce industry. Other companies like JD.com (NASDAQ:JD) are exploring virtual hosts to mitigate these risks.

Portfolio Pulse from The Bamboo Works

January 05, 2024 | 3:35 pm

JAMF

Traders are monitoring Jamf Holding Corp. due to circulation of Zacks HomeRun Investor Newsletter which has picked the stock, potentially influencing its trading activity.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:34 pm

STGW

Stagwell (STGW) has acquired Team Epiphany, a company known for its influence, experiential, and multi-cultural marketing capabilities. The acquisition aims to enhance Stagwell's Constellation network, although the financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:12 pm

INGN

Citron Research has declared Inogen's portable oxygen concentrator (POC) as the best product on the market, based on a comprehensive study by the NCOA involving over 1,000 hours and 600 surveys with expert consultation.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:58 pm

DKNG

The arrival of Lionel Messi to Inter Miami has led to a significant increase in betting activity on Major League Soccer, particularly on Inter Miami matches and Messi-related bets. Bet365 reported that betting on Inter Miami was 'exponentially massive' and often increased 'by thousand-fold.' Messi's impact on betting was more significant than on the overall match and other soccer betting markets. DraftKings Inc (NASDAQ:DKNG) also acknowledged Messi's influence, with CEO Jason Robins predicting a big change for MLS due to Messi. Both Bet365 and DraftKings offered boosted bets on Messi and Inter Miami.

Portfolio Pulse from Chris Katje

January 05, 2024 | 2:34 pm

BNZI

Banzai International, Inc. (NASDAQ:BNZI) has signed an LOI to acquire IGLeads, a top-rated automated lead generation platform. IGLeads specializes in verified, targeted lead generation using search criteria instead of firmographic data. The acquisition aligns with Banzai's strategy to enhance its marketing and sales solutions with data-focused products. IGLeads is profitable, growing rapidly, and has a 4.7-star rating on TrustPilot. The integration is expected to offer strategic and financial benefits, including profitable growth, complementary product offerings, and cross-sell opportunities to Banzai's customers.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:35 pm

NEGG

Newegg Commerce is set to exhibit at the 2024 Consumer Electronics Show (CES), where it will engage with technology manufacturers, participate in a TikTok Shop livestreaming event, and interact with numerous social media influencers. This presence at CES underscores Newegg's commitment to its tech e-commerce platform and its efforts to strengthen relationships with partners and increase brand visibility.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 1:26 pm

QCOM

SSNLF

Samsung Electronics Co Ltd. (OTCPK: SSNLF) is offering a pre-order deal on its upcoming Galaxy S24, allowing customers to save up to $1,020. The deal includes a $50 credit for reservations and up to $970 in trade-in discounts. The Galaxy S24, featuring AI-powered capabilities and expected to run on Qualcomm Inc.'s (NASDAQ: QCOM) Snapdragon 8 Gen 3 chipset, will be launched at Samsung's 'Unpacked' event on January 17.

Portfolio Pulse from Rounak Jain

January 05, 2024 | 1:17 pm