Streetbeat News

Marketing

MTCH

Hinge CEO Justin McLeod suggests that sending voice messages can increase the chances of securing a date by 40%. Despite the rise in popularity of voice and video communication, some users are hesitant to upload videos. However, McLeod emphasizes the effectiveness of combining photos with voice recordings to give a more complete sense of personality. Hinge, acquired by Match Group (NASDAQ:MTCH) in 2018, facilitated over 30 million dates and earned about $284 million in revenue last year.

Portfolio Pulse from Benzinga Neuro

December 30, 2023 | 1:39 am

AAPL

MSFT

SPY

TSLA

The U.S. stock market ended the year on a high note, with major indices reaching record levels, driven by the AI revolution and a dovish pivot by the Federal Reserve. The Nasdaq 100 had its best year since 1999, while the SPY ETF is close to hitting $500 billion in assets. AI interest has surpassed Bitcoin, and The New York Times is suing OpenAI and Microsoft over copyright issues. Ed Yardeni predicts a bullish S&P 500 for 2024, and Apple is shifting focus to wearables. Elon Musk has shown support for a $25K Tesla compact car.

Portfolio Pulse from Piero Cingari

December 29, 2023 | 9:01 pm

CMCSA

DIS

DKNG

PENN

The NFL playoff race is intensifying with seven spots filled and seven remaining. The Dallas Cowboys and Detroit Lions, both playoff-bound, will play on ABC, ESPN, and ESPN+, owned by The Walt Disney Company (NYSE:DIS). A Sunday Night Football game featuring the Minnesota Vikings and Green Bay Packers will air on NBC, owned by Comcast Corporation (NASDAQ:CMCSA). DraftKings (NASDAQ:DKNG) had a strong Week 16, with the app ranking third in the iOS sports category, while PENN Entertainment's (NASDAQ:PENN) ESPN bet fell to second place. An NFL bettor won nearly $500K on a $5 bet with DraftKings. The Detroit Pistons set a record with 28 consecutive losses, and DraftKings offers betting on their next potential win.

Portfolio Pulse from Chris Katje

December 29, 2023 | 7:38 pm

AVAXUSD

The Avalanche Foundation has announced an initiative to integrate meme coins into its Culture Catalyst program, aiming to empower creators and accelerate blockchain adoption. The program, launched last year, supports creativity and culture through blockchain technology. The foundation will purchase select Avalanche-based meme coins to create a collection that reflects the cultural significance of these tokens. The selection criteria include the number of holders, liquidity, project maturity, fair launch principles, and social sentiment. This move is part of Avalanche's strategy to diversify its engagement and portfolio within the crypto asset landscape.

Portfolio Pulse from Murtuza Merchant

December 29, 2023 | 5:54 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies 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 pivot points and targets for bullish and bearish scenarios for each asset. The final trading day of 2023 is expected to be quiet, with only the Chicago PMI numbers potentially affecting the market. The memo also promotes Market Clubhouse's community, live streams, and a special promotion for new members.

Portfolio Pulse from RIPS

December 29, 2023 | 3:21 pm

AMTD

HKD

AMTD's film 'The Goldfinger' is set for a global release tomorrow. This could potentially increase visibility and revenue for AMTD, impacting its stock positively in the short term.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 2:17 pm

FSR

Fisker Inc. (NYSE:FSR) shares are up after a positive December 2023 business update. The company reported a 300% increase in deliveries from Q3 to Q4, with total deliveries around 4,700, primarily of the Fisker Ocean One launch edition. Fisker produced 10,142 Fisker Oceans in 2023 and began customer deliveries in June, with significant numbers in September and October. The company has expanded to 12 markets, opened four flagship Lounges, and plans to announce a sales and delivery acceleration plan in January 2024. Fisker will also increase test-drive events, which have boosted sales. Shares rose 10.6% to $1.67 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 29, 2023 | 1:53 pm

AAPL

Apple Inc. (AAPL) is aiming to make its Mac lineup a gaming powerhouse by leveraging its Apple silicon chips, such as the M1, M2, and M3, to enhance gaming performance. The company is providing developers with tools and optimizations to bring more games to the Mac, with the goal of competing in the AAA gaming market. Apple's strategy includes creating a unified hardware platform to simplify game development across its devices, potentially making the Mac a more attractive platform for gamers and developers.

Portfolio Pulse from Sudhanshu Singh

December 29, 2023 | 1:24 pm

BABA

PDD

Alibaba Group Holding Ltd (BABA) and JD.com Inc (JD) are intensifying competition in China's e-commerce sector by adopting a 'refund only' policy for dissatisfied customers, a strategy already in use by Pinduoduo (PDD) since 2021. This policy allows customers to receive refunds for products that do not match descriptions, with JD.com's policy effective from December 29. The move reflects the companies' efforts to remain competitive and attract loyal users in a challenging market. Alibaba's stock rose 3.4% last month, while JD.com's increased by 3.9%, with BABA shares closing higher by 1.48% at $77.24 on Thursday.

Portfolio Pulse from Anusuya Lahiri

December 29, 2023 | 1:16 pm

TSLA

Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, expressed concerns about the potential negative impact of Elon Musk's 'extreme' behavior on Tesla's sales. Gerber believes that while some consumers will continue to buy Tesla for its value, others may be deterred by Musk's actions and opt for other EV brands. Despite this, Gerber remains bullish on Tesla in the long term. A recent study suggests that Musk's behavior has little to no impact on many consumers' decisions to buy Tesla vehicles, with some even more inclined to purchase due to Musk.

Portfolio Pulse from Anan Ashraf

December 29, 2023 | 1:01 pm