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BYDDY

RACE

BYD Co., Ltd. has expanded into the luxury SUV market with the unveiling of the Super 3 and Bao 8 models, aiming to compete with Jaguar Land Rover. The announcement was made at a live-streamed event in Shenzhen, without specifying if the new SUVs are hybrid or fully electric. This move is part of BYD's strategy to enter the high-end luxury segment, highlighted by the recent introduction of its most expensive car, the Yangwang U9 electric supercar, targeting competitors like Ferrari N.V. and Lamborghini. The unveiling precedes the Beijing Auto Show, emphasizing BYD's prominence in China's automotive industry.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:59 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged by 83% after announcing a fourth 5-year WiSA E licensing agreement with a major HDTV/PTV brand. This agreement allows the brand to integrate WiSA E software into its products, enhancing wireless immersive audio options and interoperability with WiSA E-enabled speakers. WiSA E technology is supported by four HDTV SoC providers and offers a suite of audio features for various devices.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 2:48 pm

MSOS

The Benzinga Cannabis Capital Conference featured top policy insights from DC insiders, including Gardner & Perlmutter, focusing on the future of cannabis legislation and its impact on the industry.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:41 pm

BARK

SHOP

BARK, Inc. (NYSE:BARK) is expanding its relationship with Shopify Inc. (NYSE:SHOP) to migrate its direct-to-consumer (DTC) businesses, including barkbox.com and superchewer.com, to its Shopify platform, BARK.co, in FY25. This move aims to enhance customer experience, support growth, and improve operational efficiencies. BARK anticipates improvements in traffic, conversion, average order value, and retention as a result. However, BARK shares dropped 3.2% to $1.09 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 2:38 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 16th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It outlines specific price levels for each asset, suggesting potential breakouts or reversals. The memo also notes that today's key data releases and the ongoing conflict in the Middle East are expected to have minimal market impact, advising traders to stay vigilant.

Portfolio Pulse from RIPS

April 16, 2024 | 2:23 pm

GBTC

IBIT

Spot Bitcoin ETFs experienced a net outflow of $36.67 million, with Grayscale Bitcoin Trust (GBTC) seeing $110 million withdrawn and BlackRock's iShares Bitcoin Trust (IBIT) gaining a net inflow of $73.40 million. This reflects mixed investor sentiment in the crypto market, amidst fluctuating Bitcoin prices and bearish Ethereum options markets. The market's uncertainty is leading to the adoption of sophisticated trading strategies like Sharkfins.

Portfolio Pulse from Murtuza Merchant

April 16, 2024 | 2:16 pm

MSOS

MSOX

YOLO

At Benzinga's Cannabis Capital Conference, Equity Research Consumer & Cannabis Managing Director, Aaron Grey, discussed the cannabis industry, describing it as a blend of high growth and consumer packaged goods (CPG).

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:12 pm

MSOS

MSOX

YOLO

At the Benzinga's Cannabis Capital Conference, Pablo Zuanic, Managing Partner at Zunaic & Associates, expressed optimism about the cannabis industry, highlighting its 'explosive growth' and momentum.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:09 pm

CRWD

National Australia Bank (NAB) has partnered with CrowdStrike (NASDAQ:CRWD) to offer one year of complimentary access to CrowdStrike Falcon Go, an AI-powered cybersecurity solution, to its small and medium-sized business customers. This initiative aims to protect these businesses from cyber threats, noting that 60% of SMBs that experience a data breach go out of business within six months. The partnership highlights the importance of cybersecurity for SMBs and the role of financial institutions in enhancing their security.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:04 pm

Boeing has announced its largest purchase of blended sustainable aviation fuel, acquiring 9.4 million gallons for its 2024 U.S. commercial operations. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:02 pm