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SONY

WBD

Sony Group Corp.'s PlayStation had planned to remove Discovery content from users' libraries due to licensing issues, causing concern among consumers. However, PlayStation reversed the decision after updating their licensing arrangements with Warner Bros. Discovery Inc, ensuring access to purchased content for the next 30 months. PlayStation users have not been able to buy or rent new content since 2021, but the reversal maintains access to existing purchases.

Portfolio Pulse from Franca Quarneti

December 22, 2023 | 9:17 pm

BABA

IDVO

NVDA

SIEGY

TCEHY

Tim Seymour, CIO at Seymour Asset Management and strategist for Amplify International Enhanced Dividend Income ETF (IDVO), recommends focusing on large multinationals with high dividend yields. He notes that IDVO has outperformed the S&P 500 and suggests caution in the current market, advising investors to be ready to exit certain trades. Seymour is cautious on China, citing low sentiment and internal pressures on companies like Tencent (TCEHY) and Alibaba (BABA). He prefers companies benefiting from AI, such as Nvidia (NVDA) and Siemens (SIEGY).

Portfolio Pulse from Neil Dennis

December 22, 2023 | 9:08 pm

SIRI

In an interview on Sirius XM's 'Conan O'Brien Needs A Friend' podcast, President Joe Biden reflected on his initial reluctance to become Vice President in 2008. He credited his mother's advice for his decision to accept Barack Obama's offer to be his running mate. Biden's mother emphasized the significance of Obama's candidacy and the need for Biden's support. Biden also shared personal anecdotes about his family's influence on his life and career. The article highlights Biden's potential run for re-election in 2024.

Portfolio Pulse from Chris Katje

December 22, 2023 | 9:02 pm

AAPL

Apple Inc. is in discussions with news publishers to secure multiyear deals, each potentially worth over $50 million, to use their news articles for training its generative AI systems. These deals are part of Apple's efforts to enhance its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:35 pm

ARKK

COIN

CRSP

META

PATH

RBLX

ROKU

TSLA

Cathie Wood, CEO of ARK Invest, predicts deflation in 2024, leading to aggressive rate cuts by the Federal Reserve. She emphasizes a focus on innovation and technological advancements, particularly in AI and gene editing technologies. ARK's flagship fund, ARK Innovation ETF (ARKK), has seen a 70% year-to-date increase and is diversifying its portfolio. Wood has shown renewed interest in Meta Platforms Inc. (META) and highlighted the potential of CRISPR Therapeutics. Coinbase Global Inc. (COIN) has become ARK's top holding, surpassing Tesla Inc. (TSLA). Other key holdings include UI Path Inc. (PATH), Zoom Video Communication Inc. (ZM), Roku Inc. (ROKU), Block Inc. (SQ), Roblox Corp. (RBLX), and CRISPR Therapeutics AG (CRSP).

Portfolio Pulse from Piero Cingari

December 22, 2023 | 8:32 pm

TGT

WMT

Piper Sandler analyst Edward Yruma has reiterated an Overweight rating on Target Corporation (TGT) with a price target of $180. Target has seen a 38% revenue growth since 2019, outpacing Walmart's 23%. The company is improving operational efficiency and discipline, which is expected to yield continued gains in 2024. Target is also focusing on standardizing work processes, enhancing security, expanding its brand offerings, innovating in private-label assortments, and leveraging Target Circle personalization. Remodels and new stores are contributing to strong returns and are expected to support long-term growth. TGT shares have seen a slight increase to $139.53.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 7:41 pm

ACRHF

MRMD

MariMed Inc. and Acreage Holdings, Inc. have launched new cannabis products for the holiday season. MariMed's Betty's Eddies brand celebrates its 10th anniversary with Betty's Bubbly, a sparkling champagne chew with THC and THCV, available in Massachusetts, Maryland, and Delaware. Acreage Holdings introduces The Botanist THC-infused gummies in New York, with three different ratios of THC and CBD, expanding their product offerings in the state. Other companies like OGeez!, Good Day Farm, and The Hemp Doctor also released new cannabis products, while JARS Cannabis in Michigan promotes a '12 Days of Giveaways' event.

Portfolio Pulse from Joana Scopel

December 22, 2023 | 7:28 pm

AMZN

GOOG

GOOGL

Needham analyst Laura Martin favors Alphabet Inc (GOOG/GOOGL) and Amazon.Com Inc (AMZN) as top FAANG picks for 2024, citing potential ad spending rebounds, political ad spending, and benefits from GenAI. GOOGL plans to deprecate cookies in Chrome, which may disrupt the digital ad landscape, but not GOOGL itself. Both GOOGL and AMZN are rapidly adopting Generative AI tools, which could boost their ROIC growth. Martin predicts U.S. companies will gain market share in the EU by leveraging GenAI to reduce costs. She also highlights AMZN's strategic pivot to BtoB services and its competitive advantages. Martin raised AMZN's price target to $175 and reiterated GOOGL's at $160, with a Buy rating for both. GOOGL stock has gained 59% YTD, and AMZN 79% YTD.

Portfolio Pulse from Anusuya Lahiri

December 22, 2023 | 7:04 pm

APEUSD

ETHUSD

Inspect, a platform tracking NFT collections and influencers, released rankings for top NFT collections and Twitter profiles in the digital art market. The rankings are based on social signals across Ethereum and Solana blockchains. Top collections include Bored Ape Yacht Club, Azuki, CryptoPunks, PudgyPenguins, and Mutant Ape Yacht Club. Influential Twitter profiles include Iced, Cozy the Caller, borovik.eth, ashen, and Digi. Inspect also provides resources on upcoming mints, NFT education, and Twitter NFT community insights.

Portfolio Pulse from Gokhshtein Media

December 22, 2023 | 7:01 pm

ETH-USD

SOL-USD

Solana's DEX volume has surpassed Ethereum's for the first time, reaching $1.5 billion in 24 hours, driven by meme coins like Bonk, Samoyed Coin, and Dogwifhat. The growth is also supported by Solana's DeFi ecosystem, with protocols like Raydium and Marinade. Solana's advantages include faster transaction speeds and lower fees. While the surge includes meme coin activity, the potential for sustained momentum exists, but investors are cautioned due to the market's volatility.

Portfolio Pulse from Murtuza Merchant

December 22, 2023 | 7:01 pm