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DIS

Disney CEO Bob Iger announced at the Morgan Stanley Conference that 50% of new Hulu subscribers are opting for a bundle with Disney+. This indicates a strong consumer preference for bundled content offerings, potentially increasing the overall subscriber base and enhancing revenue streams for Disney.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:41 pm

AMZN

KR

TGT

WMT

Target Corp (NYSE:TGT) has launched Target Circle 360, a paid membership program offering expedited delivery and exclusive perks, aiming to compete with Amazon Prime, Walmart+, and Kroger's membership programs. The program starts at a promotional rate until May 18. Target also highlighted its strong fourth-quarter revenue and EPS, outperforming consensus estimates. TGT shares rose 12.7% to $169.61.

Portfolio Pulse from Shivani Kumaresan

March 05, 2024 | 6:33 pm

DIS

Disney CEO Bob Iger, at Morgan Stanley’s Technology, Media & Telecom Conference, mentioned that bundling Hulu with Disney Plus has significantly reduced subscriber churn, according to Reuters.

Portfolio Pulse from Charles Gross

March 05, 2024 | 6:30 pm

DIS

Bob Iger, CEO of Disney, expressed strong confidence that the company's direct-to-consumer (DTC) segment will become profitable by the fourth quarter of 2024. This statement underscores the company's commitment to its streaming services and the strategic importance of the DTC model for Disney's future growth.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 6:28 pm

MU

SSNLF

TSM

Powerchip Semiconductor Manufacturing Corp (PSMC) is planning to build a $5.3 billion semiconductor plant in Japan in partnership with SBI Holdings, aiming to start production in 2027. The project faces a significant challenge due to a shortage of chip engineers. PSMC plans to transfer over 200 engineers from Taiwan and train young Japanese engineers to overcome this. The initiative could also benefit competitors like Taiwan Semiconductor Manufacturing Co (TSMC), which is also expanding in Japan along with Micron Technology, Inc (MU), and Samsung Electronics Co (SSNLF). TSMC's shares dropped by 2.99% to $134.12.

Portfolio Pulse from Anusuya Lahiri

March 05, 2024 | 6:27 pm

BTCUSD

Bitcoin (BTC) reached new all-time highs, briefly surpassing $69,000, driven by demand following spot Bitcoin ETF approvals and anticipation of the April halving event. Anthony Pompliano of Pomp Investments highlighted the significant inflows into Bitcoin ETFs, notably Blackrock's, which added $1 billion in a day, now totaling over $11 billion. Despite a recent pullback to around $65,000, Pompliano suggests Bitcoin's price could surge, potentially doubling in less than 18 days, similar to past trends post-new highs.

Portfolio Pulse from Adam Eckert

March 05, 2024 | 6:22 pm

AMD

LRNZ

NVDA

TrueMark Investment's CEO, Michael Loukas, discusses the firm's strategy of using actively managed ETFs, particularly in the AI sector, to outperform the market. TrueMark's TrueShares Technology, AI & Deep Learning ETF (LRNZ) has shown significant returns, placing second in its category over six months and one year periods. The firm focuses on high-conviction, concentrated portfolios, including stocks like NVIDIA (NVDA) and AMD (AMD), to achieve superior returns.

Portfolio Pulse from Piero Cingari

March 05, 2024 | 6:19 pm

JNJ

Financial analysts have observed significant bullish activity in Johnson & Johnson (NYSE:JNJ) options, with 75% of trades being bullish. The options activity suggests a target price range of $120 to $165. Recent options trades include both bullish puts and bearish calls, with notable trades aiming for strike prices of $150 and $165. Johnson & Johnson, a leading healthcare firm, has seen its stock price increase by 0.4% to $160.48, with analysts setting an average price target of $203.67. The company is approaching its next earnings release in 42 days, amidst indications of being potentially overbought.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 6:17 pm

ROKU

Financial analysis of Roku's (NASDAQ:ROKU) options trading reveals a bearish sentiment among investors, with 61% showing bearish tendencies and 38% bullish. Significant trading activity predicts a price range of $55.0 to $85.0 for Roku in the next three months. The analysis includes details on unusual trades, volume, and open interest development, highlighting specific significant trades. Roku, a leading streaming platform, has seen a slight decrease in its stock price to $62.31, with potential oversold conditions indicated by RSI indicators. An earnings announcement is expected in 50 days.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 6:17 pm

ETH-USD

On Monday, 17,087.69 Ether (ETH) worth approximately $62.7 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade on August 5, 2021, which introduced a variable base fee for transactions that is burned. The Ethereum network is currently issuing Ether at a 4% annual rate, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -22.83% yesterday.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 6:00 pm