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AAPL

AMZN

MUSQ

SONY

The 96th Academy Awards highlighted the integral role of music in cinema, with 'Oppenheimer' and 'Barbie' being notable winners. Universal Music Group and Sony Music Entertainment artists were among the winners and nominees, showcasing their influence in the industry. Apple's 'Killers of the Flower Moon' also received nominations. The MUSQ Global Music Industry ETF offers investment exposure to the music sector, including companies like Amazon, Apple, Sony, and Universal.

Portfolio Pulse from Melanie Schaffer

March 14, 2024 | 7:07 pm

PFE

ZLAB

CStone Pharmaceuticals faced a significant stock price drop after being removed from the Stock Connect list, which allows mainland investors to trade Hong Kong stocks. The removal followed its exclusion from the Hang Seng index due to its market value falling below the eligibility level. CEO Jason Yang has shown confidence in the company by increasing his stake. CStone has shifted focus to R&D and licensed out several products, including sugemalimab to Pfizer. Other companies like Brii Biosciences, Jacobio Pharmaceuticals, and Yonghe Medical also suffered stock price declines after being dropped from the Stock Connect list.

Portfolio Pulse from The Bamboo Works

March 14, 2024 | 6:48 pm

COIN

HOOD

Robinhood Markets (NASDAQ:HOOD) shares rose after data showed increased February trading and account activity. Analysts view Robinhood as an undervalued cryptocurrency play, with Bernstein initiating an Outperform rating and a $30 price target, and Goldman Sachs reiterating a Neutral rating with a $13 price target. Bernstein expects the crypto market cap to reach $7.5 trillion, significantly benefiting Robinhood's cryptocurrency-related revenue. Robinhood's comprehensive crypto offerings and its large base of active traders position it well in the market, especially as traditional brokers remain hesitant to offer cryptocurrency trading.

Portfolio Pulse from Chris Katje

March 14, 2024 | 6:27 pm

WBA

Whales have shown a bearish stance on Walgreens Boots Alliance (WBA), with options trading indicating a mix of bullish and bearish expectations. Analysis of options volume and open interest suggests a price range of $15.0 to $50.0 for WBA. Notable options activity includes both calls and puts with varying sentiments. WBA, a major retail pharmacy chain in the U.S., has seen its stock price slightly decrease, with an upcoming earnings report in 14 days. Analysts have recently downgraded WBA, with target prices ranging from $20 to $23.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:16 pm

BGNE

On March 13, 2024, the FDA approved Beigene's Tevimbra, marking a significant milestone for the company in the pharmaceutical industry. This approval could potentially enhance Beigene's market position and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:13 pm

ACB

CGC

TLRY

VFF

Village Farms International, Inc. (NASDAQ:VFF) has secured the #2 spot in Canada's recreational cannabis market, showing significant financial improvement and market share growth. The company's effective cost management and low production costs have contributed to its success, alongside a notable increase in exports. VFF's cannabis division reports an 11% sequential increase in net sales, with a strong emphasis on branded sales. The U.S. CBD business has also seen a significant increase in EBITDA despite a sales dip. Analyst Pablo Zuanic highlights VFF's potential for continued market share gains and improved gross margins.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 6:12 pm

IFNNY

NVDA

TSLA

WKSP

Tesla Inc (NASDAQ:TSLA) faces a cooling EV market, impacting its growth projections. Worksport (NASDAQ:WKSP) is innovating in the automotive industry with its solar-powered products and partnership with Infineon Technologies AG (OTC:IFNNY) to use GaN semiconductors, aiming to surpass the current silicon-based solutions like those from NVIDIA Corporation (NASDAQ:NVDA). Nvidia is also exploring new technologies beyond silicon, as indicated by its upcoming GTC AI Conference.

Portfolio Pulse from Upwallstreet

March 14, 2024 | 6:06 pm

ETH-USD

On Wednesday, 12,325.35 Ether (ETH) worth approximately $47.7 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned, contributing to a decrease in Ether's supply. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -15.35% yesterday.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:00 pm

MARA

RIOT

Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) shares are trading lower due to continued downward momentum and a pullback in Bitcoin. Both companies have seen their shares decline over 35% in the last 30 days, attributed to disappointing Bitcoin production numbers, worse-than-expected earnings, and anticipation of the Bitcoin halving event in April. MARA has an average 1-year price target of $29.20, indicating a potential upside of 60.53%, with bullish ratings from analysts.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 5:47 pm

GEHC

GE HealthCare (GEHC) and Hartford HealthCare have renewed their Care Alliance agreement for another 7 years, aiming to enhance patient care and access in Connecticut. The collaboration will focus on innovation, improving patient and staff experiences, and advancing imaging technologies through 2030.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:31 pm