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MPU

Mega Matrix Corp. (NYSE:MPU), owner of FlexTV, announced unaudited revenue of ~$6M for Jan-Feb 2024, marking a 356% increase from Nov-Dec 2023. FlexTV's success follows its acquisition by MPU and includes significant growth in its short drama business. The company highlighted the global reach of FlexTV, available in over 100 countries, and its optimistic outlook for Q1 fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:22 pm

BA

SPR

Boeing (NYSE:BA) has confirmed preliminary discussions about potentially reacquiring Spirit AeroSystems (NYSE:SPR), aiming to strengthen aviation safety, improve quality, and benefit customers, employees, and shareholders. However, there's no assurance an agreement will be reached.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:18 pm

AADI

Aadi Bioscience, Inc. (NASDAQ:AADI) announced long-term efficacy and safety results from its Phase 2 AMPECT study of nab-sirolimus for treating malignant PEComa, showing significant survival benefits. The study, published in the Journal of Clinical Oncology, reported a median duration of response of 39.7 months and median survival over 53 months, surpassing historical median survival rates of 16 to 29 months. The confirmed overall response rate was 38.7%, with durable responses and tolerable safety profile.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:14 pm

CIFR

Cipher Mining Inc. (NASDAQ:CIFR) announced its February 2024 operational update, reporting the production of approximately 334 BTC despite a 9.4% increase in the average monthly network hash rate. The company sold about 33 BTC and ended the month with a balance of approximately 1,433 BTC. Cipher also announced it will host its Q4 and Full Year 2023 results call on March 5th.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:10 pm

LL

LL Flooring is facing challenges due to a tough macroeconomic environment characterized by low consumer confidence, inflation, and volatile interest and mortgage rates, leading to declines in home sales. Consequently, the company is not providing financial guidance at this time. For 2024, LL Flooring expects to maintain adjusted gross margins, driven by potential reductions in transportation costs, despite anticipating an increase in SG&A expenses and planning for $15 million in capital expenditures, mainly for strategic initiatives like the rollout of Carpet across its store portfolio.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:08 pm

LLY

NVO

Eli Lilly (LLY) is highlighted by BofA Securities as a top biopharma pick, with a remarkable +29% YTD performance. BofA raised its price target for LLY to $1000 from $800, citing undervalued opportunities in heart disease, sleep apnea, and liver disease, and the potential of Mounjaro and Zepbound. Novo Nordisk (NVO) is also noted for its expertise in the incretin space alongside LLY. Both companies are working to meet demand spikes, with LLY doubling its incretin drug production capacity.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 8:45 pm

DKNG

PARA

WBD

The article discusses the potential winners of the 2024 NCAA Men's Basketball Tournament based on KenPom rankings of offensive and defensive efficiencies. It highlights teams like Connecticut, Arizona, Auburn, Houston, and Tennessee as top contenders. DraftKings Inc (DKNG) provides betting odds for these teams. Warner Bros. Discovery (WBD) and Paramount Global (PARA, PARAA) hold broadcasting rights for the tournament games. The analysis suggests that balanced teams in both offensive and defensive metrics have a higher chance of winning.

Portfolio Pulse from Chris Katje

March 01, 2024 | 8:44 pm

CVS

WBA

CVS Health Corp (CVS) and Walgreens Boots Alliance Inc (WBA) announced plans to dispense the abortion pill mifepristone in select states, following FDA guidelines. The rollout will begin in states like New York, Pennsylvania, Massachusetts, California, and Illinois for Walgreens, and Massachusetts and Rhode Island for CVS. The expansion will continue in states where abortion is legal and pharmacy dispensation is allowed. The Supreme Court's upcoming decision on mifepristone could impact its availability. CVS stock is down 0.55%, while WBA shares are up 0.98%.

Portfolio Pulse from Vandana Singh

March 01, 2024 | 8:41 pm

COIN

Toshi, a memecoin inspired by Coinbase CEO Brian Armstrong's cat, surged 35% following a website overhaul for better ecosystem onboarding. The interest in cryptocurrency trading spiked, as evidenced by Coinbase's app ranking improvement and a temporary outage due to traffic surge. Traders are bullish on Toshi, predicting it could become the first billion-dollar memecoin on Coinbase's Base chain. Toshi's market cap exceeds $70 million, ranking it as the second most valuable cat-themed coin.

Portfolio Pulse from Khyathi Dalal

March 01, 2024 | 8:30 pm

GBTC

Grayscale Investments is seeking SEC approval for options trading on its Bitcoin ETF, GBTC, to diversify its investor base and enhance shareholder value. CEO Michael Sonnenshein emphasizes the importance of this move, especially given Bitcoin's recent 47% monthly increase. The approval process may be complex, involving both the SEC and CFTC, due to Bitcoin's commodity classification. Options trading could bring significant capital into Bitcoin ETFs, improve price discovery, and integrate Bitcoin more closely into the regulated financial ecosystem.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 8:22 pm