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ARM

BABA

DIS

HOLO

PYPL

U.S. stocks saw gains with PayPal, Arm Holdings, MicroCloud Hologram, Alibaba, and Disney being key focuses. PayPal reported a revenue increase and higher payment volumes, despite a stock dip. Arm Holdings' earnings beat estimates with strong demand for CPUs. MicroCloud Hologram's stock soared after announcing its industry association joining. Alibaba's revenue growth missed estimates but increased its share buyback program. Disney invested in Epic Games, aiming for growth across segments.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 2:21 am

PLNHF

NFL legend Ricky Williams, once criticized for his marijuana use, is now a prominent advocate for cannabis legalization and entrepreneurship. He has launched his own cannabis brand, Highsman, and is set to introduce a new brand, Highsman Sticky Ricky, at Planet 13 in Las Vegas during Super Bowl LVIII weekend. Williams' transition from a suspended athlete to a cannabis entrepreneur highlights the evolving perception of marijuana in sports and society.

Portfolio Pulse from Maureen Meehan

February 07, 2024 | 11:32 pm

ATI

FCX

USAU

Freeport-McMoRan Inc. (FCX) appoints Kathleen L. Quirk as new president and CEO effective June 11, 2024, with former CEO Richard C. Adkerson remaining as chairman. U.S. Gold Corp. (USAU) highlights the CK Gold Project's economic potential and its significance for the company's growth. Ridgeline Royalties announces new appointments to bolster its growth strategy and focus on battery metals. Allegheny Technologies Inc. (ATI) CFO Don Newman to speak at the Cowen Aerospace & Defense Conference.

Portfolio Pulse from Austin DeNoce

February 07, 2024 | 11:15 pm

AMC

DIS

FOX

FOXA

WBD

Disney announced several key developments including a Taylor Swift concert film exclusive to Disney+, Nick Saban joining ESPN as an on-air commentator, the theatrical release of 'Moana 2', a $1.5-billion investment in Epic Games, and financial highlights such as beating Q1 earnings estimates, raising its semi-annual dividend, and announcing a $3-billion share buyback. Additionally, Disney is involved in a joint venture with Warner Bros. Discovery and Fox Corporation.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:49 pm

ANET

COHR

CSCO

DELL

LITE

Amid concerns of a slowdown in AI projects, JP Morgan analyst Samik Chatterjee highlights a market rotation favoring Coherent Corp, Lumentum Holdings, and Cisco Systems as potential growth stocks, despite dips in Dell Technologies, Arista Networks, and Fabrinet. The shift is attributed to market share dynamics in the optics industry and strategic partnerships, like Cisco's with NVIDIA, rather than a decline in AI infrastructure deployments. Fabrinet's unique position in NVLink/InfiniBand connectivity and optimism in the Telecom sector are also noted.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:47 pm

CGC

Freshly Baked NYC, a new legal weed delivery service, has launched in Long Island City, NYC, serving Manhattan & Brooklyn. Co-founded by Pam and Dave Nicponski, the service aims to create a community around cannabis, offering a curated selection of products from New York's legal brands, including Camino, CANNA-CURE, and Jetty Extracts. The service emphasizes personalized cannabis experiences and community engagement, aiming to foster a positive cannabis culture in NYC.

Portfolio Pulse from Nicolás Jose Rodriguez

February 07, 2024 | 10:45 pm

GTN

Gray Television (GTN) has expressed support for the newly announced streaming service by Disney, Fox, and Warner Bros. Discovery (WBD), highlighting its potential to expand the reach of local broadcasting stations. The service aims to attract sports fans without pay-TV subscriptions.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:21 pm

DIS

Nick Saban, a renowned figure in football, has joined ESPN and will contribute to the network's NFL Draft coverage. This move is expected to enhance ESPN's draft coverage by leveraging Saban's expertise and insights into the game.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:53 pm

DIS

Taylor Swift's Eras Tour concert film will be available exclusively on Disney+ starting March 15, according to Reuters. This move could attract a significant number of new subscribers to the platform, leveraging Taylor Swift's massive fan base.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:38 pm

DIS

Disney has announced a $1.5 billion investment in Epic Games, the creator of Fortnite, to collaborate on new content. This strategic partnership aims to leverage Disney's extensive media and entertainment portfolio with Epic's gaming and technology expertise.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:13 pm