Streetbeat News

Marketing

META

TikTok is aggressively targeting ad dollars by asking top ad-buying firms to increase their spending by 50% to 150% next year. This move is aimed at diverting advertising revenue from TV networks and Meta Platforms' Instagram. Despite the unlikelihood of achieving the full increase, TikTok's bold strategy indicates its confidence in the growth of its ad business and its appeal to advertisers due to its young audience and expanding reach.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 8:00 pm

BABA

PDD

Alibaba Group Holding Limited (NYSE:BABA) stock is up on Friday due to reports of a significant stimulus to boost liquidity and the company's increased focus on AI for e-commerce growth. Alibaba is integrating AI into its core business, restructuring its AI efforts, and has launched new AI tools like Taobao Wenwen and Aidge. The company's strategic shift to AI is in response to increasing competition, as evidenced by PDD Holdings Inc's (NASDAQ:PDD) rising market valuation. Alibaba's stock rose 3.33% to $74.93.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 5:44 pm

FOX

PUMSY

PUMA SE (OTC:PUMSY) is ending its sponsorship of Israel's national soccer team after 2024, citing business reasons and a 'fewer-bigger-better strategy', not due to boycotts or the Middle East conflict. The BDS movement claims credit for the end of the sponsorship, which began facing boycotts in 2018. Puma also plans to end its partnership with Serbia's team after 2024 and will evaluate other partnerships. The news comes as Israel competes for a spot in Euro 2024, with Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA) holding U.S. TV rights. Puma is a major player in soccer, sponsoring top players and clubs, and was the third-largest sponsor at the 2022 World Cup. Unilever PLC (NYSE:UL), through its brand Ben & Jerry's, faced similar BDS pressure, leading to a halt in sales in the West Bank.

Portfolio Pulse from Chris Katje

December 15, 2023 | 5:07 pm

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX), a men's health and wellness product company, has announced the pricing of its public offering at $0.30 per share, aiming to raise $1.2 million through the sale of 4 million shares. The company also granted underwriters an option to purchase up to an additional 600,000 shares to cover over-allotments. The proceeds will be used for marketing, hiring, software development, working capital, and other corporate purposes. The offering is expected to close on December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 3:40 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, and META, 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 stay alert to market conditions. The session may be influenced by PMI data and triple witching, which could increase volatility. The memo is part of a service by RIPS, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

December 15, 2023 | 3:19 pm

UTZ

Utz Brands, Inc. (NYSE:UTZ) is set to present its long-term growth strategy at its 2023 Investor Day, reaffirming its FY 2023 outlook with net sales growth of 2%-3% and organic net sales growth of 3%-4%. The company anticipates 4%-5% organic net sales growth from FY23 to FY26 and targets a ~16% adjusted EBITDA margin by FY26. Plans include expanding Power Brands, transforming the supply chain for margin improvements, and introducing new three-year financial targets. Utz also aims to reduce leverage and pursue acquisitions opportunistically.

Portfolio Pulse from Benzinga Newsdesk

December 15, 2023 | 2:17 pm

TSLA

Univision has claimed copyright on a YouTube video featuring Tesla's Gen 2 Optimus robot, which has led to a response from Elon Musk. Farzad Mesbahi, a former Tesla employee and stockholder, posted a video including the Optimus bot, and received a copyright notice from Univision. Mesbahi and others have been prevented from monetizing their content due to this claim. Tesla's Gen 2 Optimus robot has been upgraded with faster walking speed, lighter weight, and improved body control, including hands capable of delicate tasks.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 1:22 pm

MSFT

TSLA

Tesla CEO Elon Musk criticized Microsoft Word for flagging language it deems not 'inclusive', such as the word 'insane' used in the context of Cybertruck's stability. Musk, who has been a vocal opponent of 'wokeness', shared his frustration on X (formerly Twitter), highlighting the software's suggestions to describe the Cybertruck's towing capacity in unconventional terms.

Portfolio Pulse from Anan Ashraf

December 15, 2023 | 1:09 pm

AMZN

DLTR

ETSY

PDD

Amazon is intensifying its efforts in China to compete with online discount retailers Temu and Shein by engaging China-based sellers. Amazon plans to open an innovation center near Shenzhen to support Asia-Pacific sellers with product launches and digital strategies. The company is also extending its supply chain service to Chinese sellers, which simplifies the movement of goods. Despite not operating in China, Amazon has seen a 20% growth in sales from Chinese sellers in 2023. Temu and Shein are expanding their presence, with Temu capturing 17% of the U.S. discount store market share. Amazon is adjusting seller fees to stay competitive, while Etsy is focusing on non-disposable products to differentiate itself.

Portfolio Pulse from Anusuya Lahiri

December 15, 2023 | 12:10 pm

SPOT

X Spaces, previously known as Twitter Spaces, has hosted 28 million live audio conversations this year. X CEO Linda Yaccarino announced a new lineup of Spaces for the New Year. Users are requesting features similar to Spotify's podcast platform, such as the ability to search and listen to historical spaces. Technical issues have been reported by users. The platform, owned by Elon Musk, has been used by notable figures like Ron DeSantis for significant announcements.

Portfolio Pulse from Ananya Gairola

December 15, 2023 | 11:56 am