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TSLA

On Tuesday, U.S. stocks closed higher with notable movements in shares of Rumble, Boeing, Intel, NVIDIA, and Tesla. Rumble's stock surged 18.26% after expressing interest in partnering with TikTok. Boeing's shares fell 4.29% due to failing FAA audits. Intel saw a modest increase of 0.85% after navigating sales to Huawei. NVIDIA's stock jumped 7.16%, continuing its strong yearly performance. Tesla's stock slightly decreased by 0.13%, but analysts remain optimistic about its growth.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 2:41 am

AMZN

GOOGL

META

MSFT

Bank of America's strategist Savita Subramanian predicts a significant upturn in the stock market, driven by corporate investments in AI, particularly by mega-cap companies like Microsoft, Amazon, Alphabet, and Meta Platforms. These investments are expected to propel S&P 500 earnings to new heights, with a forecasted increase to $250 per share in 2024 and $275 in 2025. The focus on AI investments is anticipated to benefit sectors such as semiconductors, networking, electrification, utilities, and commodities.

Portfolio Pulse from Benzinga Neuro

March 13, 2024 | 1:42 am

DOGEUSD

SHIBUSD

A new memecoin inspired by viral X influencer NFTNick, known as 'I CHOOSE RICH EVERYTIME!', surged 1,136% in three days, overshadowing Dogecoin and Shiba Inu. The coin, leveraging NFTNick's 'choose rich' catchphrase, reached a peak market cap of $80 million. Despite NFTNick's popularity, his wealth flaunting has faced backlash, with community notes debunking some of his claims. The rise of NFTNick's memecoin reflects the ongoing trend of meme coins capitalizing on current events and personalities.

Portfolio Pulse from Khyathi Dalal

March 12, 2024 | 10:55 pm

HOOD

RDDT

Reddit Inc. is preparing for its IPO, with shares to be listed on the NYSE under the symbol RDDT, priced between $31.00 and $34.00 per share. Robinhood Markets Inc (NASDAQ:HOOD) will offer Reddit's IPO shares through its IPO Access list, allowing select users an exclusive opportunity to invest. The IPO is set for March 21, 2024, with 15,276,527 shares of Class A common stock being offered by Reddit and an additional 6,723,473 shares by selling stockholders. Discussions on Reddit's potential as a stable investment or a volatile meme stock are ongoing within the community.

Portfolio Pulse from Surbhi Jain

March 12, 2024 | 10:21 pm

JBSS

John B. Sanfilippo & Son (JBSS) has initiated a voluntary recall of a limited quantity of 8.25 oz Great Value Honey Roasted Cashews due to undeclared coconut and milk, with no adverse reactions reported so far.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 9:58 pm

GBTC

Grayscale announces the launch of a new Bitcoin ETF, the Grayscale Bitcoin Mini Trust (ticker: BTC), as a strategic spin-off from its Grayscale Bitcoin Trust (OTC:GBTC). This move aims to offer a more cost-effective product and revitalize GBTC amid financial challenges and significant outflows since its conversion to a spot Bitcoin ETF. The spin-off will transfer a portion of GBTC's Bitcoin holdings to the new Mini Trust, with GBTC shareholders receiving equivalent BTC shares, ensuring no tax liabilities. The exact details of the Bitcoin reallocation and management fees are yet undisclosed.

Portfolio Pulse from Murtuza Merchant

March 12, 2024 | 9:42 pm

CMCSA

DoubleVerify (DV) and NBCUniversal have expanded their partnership to introduce a first-of-its-kind program-level measurement solution for OTT and CTV platforms. This solution, powered by DV's AI technology, will enable advertisers to measure brand safety, suitability, and content performance at the program level, offering unprecedented transparency and insights. The partnership aims to enhance advertiser confidence and maximize brand equity protection across premium streaming media.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:55 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the launch of a National Deposits Group to expand into new deposit-rich verticals. The group, led by Martin Ball, aims to attract low-cost relationship-based deposits across various industries with a focus on expertise, efficiency, and execution. The initiative is part of Dime's growth plan and is expected to serve as a growth engine for its Private and Commercial Bank.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:49 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares rose in after-hours trading following the announcement of a new agreement with Mid-Atlantic Sports Network (MASN) to expand its local sports offerings, including streaming coverage of the Baltimore Orioles and Washington Nationals games. This agreement will add more than 500 live events annually to Fubo's platform, enhancing its sports coverage ahead of MLB's Opening Day.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 8:47 pm

NCNA

NuCana's stock price increased following the grant of U.S. Patent #11925658 for phosphoramidate derivatives used in cancer treatment, particularly where patients show resistance.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:35 pm