Streetbeat News

Marketing

AMZN

BBY

DELL

LOGI

MSFT

NTDOY

SONY

WMT

Cyber Monday brings significant discounts on gaming products, including consoles, laptops, monitors, accessories, headsets, graphics cards, and games. Deals include discounts on PS5, Dell G15, and Samsung Odyssey monitors. Retailers like Amazon, Best Buy, and Walmart feature prominently with various offers. The sale ends at midnight on Nov. 27.

Portfolio Pulse from Franca Quarneti

November 27, 2023 | 5:39 pm

CMCSA

The 2023 Macy's Thanksgiving Day Parade broadcasted by NBC, a Comcast Corporation (NASDAQ:CMCSA) network, set a new viewership record with 28.5 million viewers, a 6% increase from the previous year. It was the most-watched entertainment program of 2023 on linear television. The parade's success, along with high viewership for 'The National Dog Show' and the NFL Thanksgiving Night Game on NBC and Peacock, could positively impact Comcast's brand and viewership metrics. Macy's Inc (NYSE:M), as a key sponsor, could benefit from increased brand awareness and marketing.

Portfolio Pulse from Chris Katje

November 27, 2023 | 5:00 pm

META

The Wall Street Journal's test revealed that Instagram's algorithm recommends inappropriate content, including sexualized videos, which led to a response from Meta Platforms, Inc (NASDAQ:META) and a decision by Bumble to halt advertisements on Meta's platforms. Despite Meta's response emphasizing their efforts to address the issue, the findings raise concerns about Instagram's content recommendation system. META shares were slightly up at the time of publication.

Portfolio Pulse from Anusuya Lahiri

November 27, 2023 | 4:15 pm

LLY

NVO

Novo Nordisk A/S (NYSE:NVO) is in discussions to introduce flexible pricing for its weight loss drug Wegovy, aiming to allow healthcare systems to adopt the medication with payments spread over time. Despite competition from Eli Lilly's (NYSE:LLY) upcoming weight-loss drug Zepbound, which is expected to be priced 20% lower, Novo Nordisk plans to maintain Wegovy's pricing but is open to risk-based contracts that could lead to long-term savings for healthcare providers. The company is also set to launch Wegovy in Japan, entering the Asian market amidst supply and demand challenges. NVO shares saw a slight decline of 1.15% recently.

Portfolio Pulse from Vandana Singh

November 27, 2023 | 4:04 pm

AFRM

AMZN

RBLX

SHOP

WMT

Adobe's report predicts Cyber Monday sales to reach $12 billion to $12.4 billion, a 5.4% increase over last year. The report highlights a shift towards online shopping, with strong discounts driving consumer spending despite economic concerns. Amazon (AMZN), Walmart (WMT), Affirm Holdings (AFRM), Roblox Corporation (RBLX), and Shopify (SHOP) are identified as potential winners from the e-commerce holiday shopping growth. Affirm's shares rose 13% on Monday, while Shopify's shares increased by 5%, with Shopify merchants recording $4.1 billion in Black Friday sales.

Portfolio Pulse from Chris Katje

November 27, 2023 | 3:55 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, META, GOOGL, and TSLA, 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 for breakouts or reversals. The market is currently focused on end-of-month flows and upcoming treasury auctions, which may cause 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

November 27, 2023 | 3:45 pm

HKD

AMTD Digital Inc. (NYSE:HKD) shares rose 25% on Friday and continued to move on Monday with heavy trading volume after the company announced the launch of L'Officiel Hong Kong. This follows the acquisition of L'Officiel Inc. SAS in 2022. The digital platform is now live, and the print magazine is expected in early 2024. HKD has become a trending ticker among retail investors and is trading above its 50-day moving average but near its 52-week low.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 3:11 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) stock is trading higher due to increased Cyber Monday expectations, with sales projected to reach $12 billion to $12.4 billion, an 8% year-over-year increase. 'Buy Now, Pay Later' usage is also expected to hit a record high, contributing $782 million in online spending, an 18% increase from the previous year. PayPal, known for its online payment solutions, is benefiting from this positive e-commerce trend.

Portfolio Pulse from Adam Eckert

November 27, 2023 | 3:10 pm

AFRM

Affirm Holdings Inc.'s stock (AFRM) is trading higher due to reports predicting record usage of 'buy now, pay later' services during Cyber Monday.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 2:51 pm

IMAX

PATHE CINEMAS and IMAX Corporation have expanded their partnership with an agreement for five new IMAX with Laser systems in Europe, primarily France, and a three-picture slate agreement with PATHE LIVE for distribution across the IMAX network. The deal includes the release of a Filmed for IMAX ballet, 'Swan Lake', by Paris Opera and PATHE LIVE. IMAX continues to perform well in France, matching its highest grossing year at the French box office since 2019. The partnership between PATHE CINEMAS and IMAX dates back to 2010, with 26 locations across Europe and Morocco.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 1:41 pm