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NVDA

QQQ

SPY

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The Market Clubhouse Morning Memo for March 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, suggesting potential bullish and bearish price levels. The memo also highlights the impact of upcoming economic events like the Non-Farm Payroll, CPI release, triple witching Friday, and FOMC rate decision on market volatility. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 08, 2024 | 3:12 pm

AMLX

Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) reported that its Phase 3 trial of AMX0035 for ALS did not meet its primary endpoint, leading to an 83.30% drop in its stock price. The company may consider withdrawing the drug from the market and has paused its promotion. Despite this setback, Amylyx continues other studies on AMX0035 for different neurodegenerative diseases.

Portfolio Pulse from Vandana Singh

March 08, 2024 | 3:08 pm

ABBV

BGNE

GILD

NVS

RHHBY

The FDA granted accelerated approval to BeiGene Ltd's Brukinsa, in combination with Roche Holdings AG's Gazyva, for adult patients with relapsed or refractory follicular lymphoma, marking its fifth indication in the U.S. This approval is based on the response rate and durability from the ROSEWOOD Phase 2 trial. Brukinsa's global sales reached $1.3 billion for the full year 2023, with peak annual sales estimated to be $3 billion to $4 billion. BGNE shares rose 0.94% following the announcement.

Portfolio Pulse from Vandana Singh

March 08, 2024 | 3:02 pm

CRWD

Deep-pocketed investors show a bearish sentiment towards CrowdStrike Holdings (NASDAQ:CRWD), with unusual options activity detected. The activity includes both puts and calls with a price window from $290.0 to $380.0. Despite this, analysts maintain positive ratings on CRWD, with target prices ranging from $350 to $432. The company specializes in cloud-based cybersecurity and is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:46 pm

SPY

In an MSNBC interview, Yellen stated that President Biden is committed to ensuring housing affordability for first-time buyers, focusing on increasing the housing supply.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 2:45 pm

META

MSFT

'Godfather of AI' Yann LeCun, Meta Platforms Inc.'s chief AI scientist, explained on the Lex Fridman podcast why AI chatbots like OpenAI's ChatGPT and Microsoft Corp.'s Copilot sometimes 'hallucinate' or generate nonsensical responses. He attributed this to the autoregressive prediction model used by these chatbots, where the probability of generating an irrelevant answer increases with each word produced. This phenomenon occurs especially when the chatbot encounters questions outside its training scope.

Portfolio Pulse from Rounak Jain

March 08, 2024 | 2:24 pm

BROS

MNKD

RIG

RIOT

SOFI

SPT

Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' highlighting Sprout Social's potential despite not making money, expressing caution about MannKind, preferring Bitcoin over Riot Platforms, criticizing Transocean's expansion, praising Dutch Bros' strategy adjustment, and maintaining belief in SoFi Technologies despite a recent convertible note offering. He recommended SLB and Halliburton over Transocean. Recent financial updates and stock movements for these companies were also mentioned.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 2:13 pm

AAPL

NFLX

Apple Inc (AAPL) has made significant investments in blockbuster movies, spending $700 million on 'Killers of the Flower Moon,' 'Napoleon,' and 'Argylle,' which collectively grossed $470.4 million worldwide. The company's strategy of releasing films theatrically before streaming them on AppleTV+ has contributed to their profitability and increased subscriber numbers. With 13 Academy Award nominations for its movies, Apple's presence in the entertainment industry is growing. However, an analyst suggests Apple's $1 billion film budget could be better utilized, despite the quality of films attracting demand for AppleTV+.

Portfolio Pulse from Chris Katje

March 08, 2024 | 2:01 pm

BIDU

Baidu, Inc. (NASDAQ:BIDU) announced the upgrade of its Apollo Go autonomous ride-hailing service to operate 24/7 in selected areas of Wuhan, marking a significant milestone as China's first round-the-clock autonomous driving service. This expansion aims to meet nighttime travel demands, enhancing safety and convenience. Apollo Go's growth is evident with 839K rides provided in Q4, a 49% increase year over year, and over 5 million accumulated rides as of January 2, 2024. Additionally, Apollo Go launched fully autonomous rides in Wuhan and Beijing, including operations on highways leading to Beijing Daxing Airport. In Q4 2023, fully driverless orders in Wuhan constituted 45% of the total orders, up from 40% in the previous quarter. BIDU shares rose 1.02% to $98.81 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 2:00 pm

ABCP

COMM

CTHR

EVC

Insiders are buying shares of Entravision Communications, AmBase Corporation, Charles & Colvard, and CommScope Holding, indicating potential confidence in these companies. Entravision posted upbeat quarterly sales, AmBase's stock jumped 42% over the past month, Charles & Colvard reported a quarterly loss, and CommScope announced plans to increase U.S. manufacturing for fiber products.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 1:59 pm