Streetbeat News

Marketing

AAPL

AMD

CCL

DIS

GOOG

GOOGL

META

MSFT

NCLH

RCL

The U.S. stock market closed its sixth consecutive week of gains, with the S&P 500 reaching its highest level since January 2022. Market sentiment is influenced by anticipated Federal Reserve interest rate cuts in 2024, but strong labor market reports and consumer sentiment have slightly dampened the enthusiasm. The consumer discretionary sector outperformed, led by travel stocks, while the energy sector lagged due to declining oil prices. Alphabet's Google introduced Gemini, an AI challenger to OpenAI, while Apple plans a significant battery boost for the iPhone SE 4. The GTA 6 trailer set new records, and JPMorgan's CEO Jamie Dimon criticized Bitcoin and the crypto industry. AMD was chosen by Meta Platforms and Microsoft for AI chips, challenging Nvidia's dominance. Elon Musk criticized Disney's direction, and a survey pointed to public misunderstandings about the Biden administration's economic policies.

Portfolio Pulse from Piero Cingari

December 08, 2023 | 10:09 pm

MANU

Manchester United has extended its global partnership with MLILY, a leading mattress and pillow manufacturer, to now include sofas. The partnership, which began in 2016, will be officially unveiled in Shanghai at the #ILOVEUNITED fan event. The collaboration has involved fan activities, cultural exchanges, and enhancing rest and recovery services for players. The CEO of Alliances and Partnerships at Manchester United, Victoria Timpson, emphasized the importance of quality sleep and relaxation for athletes. MLILY's founder, James Ni, highlighted the partnership's role in elevating the brand's stature globally and the shared focus on innovation with Manchester United.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 10:01 pm

GLD

GOVT

STIP

TBT

TIP

A survey by FocalData and Financial Times reveals a discrepancy between Americans' perceptions of the economy and actual data. Despite improvements in inflation, wages, and net worth since the pandemic, a majority of respondents believe the economy is worse off. The survey's findings suggest that public sentiment may be influenced by media focus, political narratives, and emotional impacts of past economic conditions. The article also suggests five ETFs for investors considering the inflation outlook: TIP, GLD, GOVT, TBT, and STIP.

Portfolio Pulse from Natan Ponieman

December 08, 2023 | 7:15 pm

AMZN

META

The social media platform formerly known as Twitter, now owned by Elon Musk, is seeking to attract smaller advertisers after alienating some of the largest brand advertisers. The company has initiated preliminary discussions with Amazon to utilize its ad-buying software to facilitate this new strategy.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:18 pm

GOOG

GOOGL

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is trading lower after reports surfaced that the company misrepresented the capabilities of its Gemini AI model in a demo video. The video, which has over a million views, showcased Gemini's multimodal capabilities but used carefully tuned text prompts with still images instead of live demonstrations. This has led to concerns about Google's transparency and trustworthiness. Despite this, Google has integrated Gemini AI into its chatbot Bard and plans to expand its use in other products.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 5:11 pm

LYV

U.S. Senators have introduced the 'Fans First' bill aimed at reforming the live-event ticketing system to address transparency, regulation, and consumer protection issues. The bill seeks to prevent unfair and deceptive practices, such as the use of bots to purchase tickets in bulk, and to ensure that ticket fees are disclosed upfront. The legislation could impact companies involved in event ticketing, such as Live Nation Entertainment (LYV), by potentially imposing new regulations and compliance requirements.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 3:35 pm

ADDDF

ASO

COLM

DKS

NKE

Adidas (OTC:ADDDF) is recovering from a tough 2023, with better-than-expected Q3 results and a 50% stock increase this year, despite a 74% drop from its July 2022 peak. Nike (NYSE:NKE) shares are down 36% from their November 2021 high. The 2024 Paris Olympics and Euro 2024 are expected to boost visibility and sales for sportswear brands, with new sports like breaking (dance) aligning with brands like Nike, Adidas, Under Armour Inc (NYSE:UA), and retailers such as Dick's Sporting Goods Inc (NYSE:DKS), Columbia Sportswear Company (NASDAQ:COLM), and Academy Sports and Outdoors Inc (NASDAQ:ASO). Nike sponsors U.S., Japanese, and South Korean breaking federations, and Adidas signed the world's top female breaker. The sports apparel market is valued at $200 billion annually, and the 2024 events could significantly increase sales for these companies.

Portfolio Pulse from Neil Dennis

December 08, 2023 | 3:21 pm

RBLX

Roblox shares are experiencing an uptick following reports on social media that popular artist Nicki Minaj has joined the platform.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 2:14 pm

ACB

CGC

CRON

GNLN

OGI

TLLTF

TLRY

VFF

The report by Zuanic & Associates on the Canadian cannabis market shows regional disparities and growth trends, with a 16% YoY growth in nationwide sales. Alberta leads in store density and per capita spending, while Quebec has the lowest. The market is affected by high excise taxes, product caps, and marketing restrictions. Organigram, Village Farms International, Cronos, and others saw varying growth rates across provinces, while companies like Canopy and Tilray experienced declines. The upcoming Vape Market Trends panel will feature CEOs from TILT Holdings and Greenlane Holdings.

Portfolio Pulse from Nicolás Jose Rodriguez

December 08, 2023 | 1:52 pm

ATNM

Actinium Pharmaceuticals, Inc. is set to present the potential of its targeted radiotherapies, Iomab-B and Actimab-A, for treating relapsed/refractory and elderly Acute Myeloid Leukemia (AML) patients at the ASH Annual Meeting & Exposition.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:02 pm