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INDV

Indivior PLC (NASDAQ:INDV) announced successful results from a pharmacodynamic study showing that its nasal spray, OPVEE, rapidly reverses opioid-induced respiratory depression, a major cause of death from opioid overdose, more effectively than naloxone. The study, part of the OPVEE development program, demonstrated OPVEE's superiority in reversing the effects of remifentanil, a synthetic opioid related to fentanyl, within the first 5 minutes of administration.

Portfolio Pulse from Jelena Martinovic

March 12, 2024 | 4:23 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) shares rose after announcing a new U.S. government contract valued at over $500,000 for the development of DeepView SnapShot, a handheld version of its DeepView Wound Imaging System. The contract, awarded by the Defense Health Agency and the US Army Medical Material Development Activity, underscores Spectral AI's commitment to AI-driven healthcare innovation and battlefield burn solutions.

Portfolio Pulse from Erica Kollmann

March 12, 2024 | 4:09 pm

BEAT

Heartbeam Inc (NASDAQ:BEAT) shares increased by 3.5% to $2.35, after reaching a session high of $2.70, without any company-specific news. The company recently announced securing two new patents for its vectorelectrocardiography (VECG) technology, aimed at transforming cardiac care with portable devices. These patents cover a mobile cardiac monitoring device and a wrist-based ECG system. HeartBeam does not pay dividends but focuses on innovation and technology development to create shareholder value.

Portfolio Pulse from Henry Khederian

March 12, 2024 | 4:07 pm

COIN

MSTR

TSLA

The crypto market cap hits $2.5T with Bitcoin, Ethereum, Dogecoin surging as MicroStrategy buys more BTC. Tesla's German factory resumes after an arson attack. MILLI's value increases, outperforming Dogecoin and Shiba Inu. $47M stolen in crypto phishing in February. Bitcoin's volatility expected to decrease, while Ethereum's ETF approval odds drop. Ark Invest sells Coinbase shares despite Bitcoin's new highs. Tesla offers early Cybertruck delivery to long-term shareholders, and Volvo aims to cut EV charging times.

Portfolio Pulse from Akanksha Bakshi

March 12, 2024 | 4:04 pm

RUM

Rumble Inc (NASDAQ:RUM) shares surged after the company expressed interest in joining a consortium to acquire and operate TikTok in the US, if ByteDance divests its ownership. This was revealed through an offer letter posted on social media by Rumble's CEO, Chris Pavlovski. Additionally, Rumble highlighted the launch of Rumble Cloud, aimed at providing businesses with an alternative to avoid unfair pricing and censorship. The company's stock was up 14.2% at $7.63 following the announcement.

Portfolio Pulse from Adam Eckert

March 12, 2024 | 4:02 pm

DXCM

DexCom Inc's Stelo Glucose Biosensor System has received FDA approval as the first over-the-counter continuous glucose monitor, signaling rapid expansion and significant revenue potential. RBC Capital Markets initiated coverage with an Outperform rating and a $165 price target, highlighting DexCom's potential as a fast-growing large-cap MedTech company. The Stelo system, set for a 2024 launch, is expected to be a major growth catalyst, targeting a large patient market.

Portfolio Pulse from Priya Nigam

March 12, 2024 | 3:54 pm

LI

NIO

XPEV

Chinese EV stocks, including LI, NIO, and XPEV, are experiencing an uptick in their share prices due to the overall strength of the Chinese market. Additionally, the sector's growth is potentially influenced by reports that Nissan and Honda are contemplating reductions in their production capacities in China.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:36 pm

SOUN

Financial giants have shown a bullish stance on SoundHound AI (NASDAQ:SOUN), with 80% of traders being bullish based on recent options trading activity. The trading suggests a target price range of $3.0 to $15.0. SoundHound AI's stock is currently up 3.51% at $6.19, with indicators suggesting it may be overbought. The company, known for its conversational intelligence platform, is expected to release its next earnings in 58 days.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:30 pm

FPX

MILN

UBER

Uber Freight aims for a tenfold expansion in Europe by 2028, targeting 2 billion euros in freight management. Despite a 25% revenue dip in 2023 due to lower trucking rates, improvements are seen with resolving supply chain issues. Uber Technologies Inc. (UBER) reported a 15% revenue growth in Q4 fiscal 2023, with shares up 0.50% in premarket trading. Investors can also gain exposure to Uber through FPX and MILN ETFs.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 3:28 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 12th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, predicting potential breakouts or reversals. The memo emphasizes the importance of the CPI data release and the Treasury's 10-Year Note Auction results on the Federal Reserve's rate decision. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 12, 2024 | 3:16 pm