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ACN

DFNL

IETC

KBWB

VNSE

BNY Mellon (BK) and Accenture (ACN) are collaborating to modernize financial services, focusing on data management and analytics. This partnership aims to leverage technology for rapid growth and innovation in private markets and wealth management tech. ACN stock has gained 12% in the past year, while BK stock has gained over 20%. Investors can also gain exposure to these stocks through ETFs like IETC, VNSE, DFNL, and KBWB.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 3:40 pm

BTCUSD

PUPS, a meme coin on the Bitcoin network, has surged 50% in anticipation of the Runes protocol, which aims to enhance Bitcoin's transaction efficiency. With a market cap of $516 million, PUPS is now the third-largest Bitcoin-based token. The Runes protocol, expected post-Bitcoin halving, will use the UTXO model for better digital commodity management within the Bitcoin network. This development has sparked significant interest, positioning PUPS as a notable meme coin in the Bitcoin ecosystem.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 3:34 pm

AGEN

Agenus Inc. shares are trading lower following the announcement of updated results from its Phase 1 clinical trial of BOT/BAL combination therapy for metastatic CRC that is not microsatellite instability-high or deficient mismatch repair.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:31 pm

ZTS

Zoetis Inc's stock hit a 52-week low following reports that its pet arthritis drugs, Librela and Solensia, may have caused sickness in dogs and cats. Despite FDA approval for both drugs, thousands of side effects have been reported, raising concerns among pet owners and veterinarians. However, Zoetis claims these represent a small fraction of the over 18 million doses administered globally. The company is also under investigation by the European Commission for potentially hindering the market launch of a competing product.

Portfolio Pulse from Vandana Singh

April 12, 2024 | 3:30 pm

AMZN

VCR

XLY

Amazon.com Inc (NASDAQ:AMZN) has significantly invested in robotics and AI across its European fulfillment centers, introducing over 1,000 new technologies and investing more than 700 million euros. This advancement has enriched over 50,000 jobs and created 700 new job categories, despite a reduction in its human workforce from 1.6 million in 2021 to 1.5 million. The deployment of over 750,000 robots aims to enhance efficiency, safety, and delivery speeds. Amazon's stock has seen a 92% increase over the last 12 months, with exposure available through ETFs like SPDR Select Sector Fund – Consumer Discretionary (NYSE:XLY) and Vanguard Consumer Discretion ETF (NYSE:VCR).

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 3:27 pm

SRE

Mitsui & Co and Mitsubishi Corp are collaborating with U.S.-based Sempra Infrastructure to sell liquefied natural gas (LNG) that generates up to 90% less carbon dioxide. They are in discussions to sell this LNG to Japanese electricity and gas companies, aiming to start production around 2029 at a major LNG facility in Louisiana.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:14 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 12th, 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. The memo outlines potential price movements for these assets, suggesting levels for bullish and bearish scenarios. Additionally, it mentions the economic data releases and Federal Reserve members' speeches expected to influence the market, alongside promoting Market Clubhouse's services and special promotion.

Portfolio Pulse from RIPS

April 12, 2024 | 3:11 pm

Citi CEO announced during a conference call that the bank is focusing on automating certain regulatory processes and the data related to regulatory reporting. This move is aimed at enhancing efficiency and accuracy in compliance operations.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 3:11 pm

GRAM

Gold Flora Corporation (OTC:GRAM), a woman-owned business in the California cannabis market, reported a strategic shift leading to an 11% revenue drop to $28.4 million in Q4 2023 but saw an increase in adjusted gross profit by 11.60% to $18.7 million and a positive adjusted EBITDA of $105,000. The company's focus on operational efficiency, including closing non-viable delivery depots and divesting an underperforming retail license, alongside a significant cultivation expansion and the launch of the Gramlin brand, aims to boost in-house sales and operational efficiency. Gold Flora's stock, priced at $0.33 with a 52-week range of $0.08-$0.66, is considered to have growth potential based on its valuation metrics and strategic positioning in the competitive California cannabis landscape.

Portfolio Pulse from Nicolás Jose Rodriguez

April 12, 2024 | 3:10 pm

MSFT

Sam Altman, CEO of OpenAI, has been engaging with Fortune 500 executives to showcase OpenAI's AI services, including ChatGPT Enterprise, directly competing with Microsoft (NASDAQ:MSFT), their main investor. Meetings in major cities have attracted over 100 senior executives each, discussing applications in finance, healthcare, and energy. OpenAI emphasizes direct collaboration benefits over Microsoft's Azure platform services. OpenAI's valuation hit $86 billion, nearing a $1 billion revenue goal for 2024, with over 600,000 users for ChatGPT Enterprise and Team.

Portfolio Pulse from Michael Cohen

April 12, 2024 | 3:07 pm