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VTRS

Viatris Inc. (NASDAQ:VTRS) has announced the appointment of Theodora 'Doretta' Mistras as CFO effective March 1, 2024, and Philippe Martin as Chief R&D Officer effective immediately. Mistras brings extensive experience from Citigroup and Goldman Sachs, while Martin has a strong background from Celgene and Schering-Plough. Current CFO Sanjeev Narula will assist in the transition until his departure. The appointments are part of Viatris' strategic plan as it enters Phase 2, aiming for expanded growth and enhanced shareholder value.

Portfolio Pulse from Benzinga Newsdesk

December 16, 2023 | 11:31 pm

HOOD

SCHW

Robinhood Markets, Inc. (HOOD) reported a growth in net cumulative funded accounts to 23.3 million and net deposits of $16.4 billion over the last year. The company has attracted wealthier clients from larger brokerages due to a 1% match promotion on transferred accounts, resulting in $1.1 billion in account transfers since October 23. Despite this, Robinhood's $94 billion in assets under custody is still far behind competitors like Charles Schwab Corporation (SCHW) and Morgan Stanley's (MS) E*Trade. Robinhood is expanding its services to include features like retirement accounts and 24-hour trading, aiming to move beyond its image as an app for young, novice investors. Meanwhile, SCHW reported no significant client loss to Robinhood, and HOOD shares closed lower by 3.56% on Friday.

Portfolio Pulse from Nabaparna Bhattacharya

December 16, 2023 | 9:44 pm

MRK

MRNA

The FDA found quality control issues at Moderna's Massachusetts facility, including lapses in cleaning and use of expired materials. These issues were identified during a September inspection and involved the production of Moderna's COVID-19 vaccine and an experimental mRNA cancer vaccine. Moderna has taken immediate actions to address the FDA's findings. No recalls have been issued, and there's no evidence of harm to vaccine recipients. Moderna's shares saw a slight increase on Friday but dipped slightly after hours.

Portfolio Pulse from Nabaparna Bhattacharya

December 16, 2023 | 7:58 pm

HOOD

The Wall Street Journal reports that Robinhood is targeting wealthier clients, aiming to attract them from larger brokerages. This move is part of Robinhood's strategy to expand its customer base and increase revenue. The company is known for its commission-free trading platform, which has been popular among retail investors. By focusing on more affluent clients, Robinhood is looking to diversify its offerings and possibly introduce new services tailored to this demographic.

Portfolio Pulse from Charles Gross

December 16, 2023 | 5:28 pm

CBSTF

The cannabis market is seeing innovative products like Bloom Brand's 1G Surf Vape, Muha Meds' new vape strains, THC oral strips by The Cannabist Company & ButACake, Houseplant's Car Lighter, Laundry Day's Hudson Pipe, and Session Goods' Tinted Glass Ashtray. Bloom Brand is expanding nationwide, Muha Meds is innovating in California and Michigan, and The Cannabist Company has partnered with ButACake to introduce THC strips in New Jersey.

Portfolio Pulse from Joana Scopel

December 16, 2023 | 4:26 pm

AMZN

MRNA

NOK

NVDA

ROKU

Barron's weekend stock picks include Nokia, Roku, Nvidia, Amazon, and Moderna. Nokia's stock was downgraded by Citi, citing reduced sales and labeling it a 'value trap.' Roku's stock fell after analysts downgraded it due to rapid rise concerns and competition. Nvidia is recommended as a buy for its AI focus and upcoming products, despite a high stock value. Amazon is seen as a smart investment for its revenue growth potential, especially in cloud services. Moderna's stock jumped on positive cancer treatment trial results, suggesting improved survival rates with their therapy combined with Merck's Keytruda.

Portfolio Pulse from Justin Chan

December 16, 2023 | 3:26 pm

BMBL

GRND

Grindr Inc (NYSE:GRND) has announced a partnership with AI leader Ex-Human to enhance user experience on its dating app. The collaboration aims to integrate AI for networking and dating, with prototypes expected in 2024. Grindr, which went public in November 2022, has seen its shares rise over 60% YTD. The move reflects a broader trend of AI integration across various sectors, including online dating, where AI could help with match selection and social interactions.

Portfolio Pulse from Chris Katje

December 16, 2023 | 3:13 pm

LCID

MSFT

XOM

The past week saw bullish sentiment in the stock market with the Dow Jones, Nasdaq-100, and S&P 500 showing gains. The Federal Reserve maintained interest rates, hinting at a peak and potential cuts in 2024. Bullish reports included Microsoft's options trading by Rep. Gottheimer, Lucid's production success in Saudi Arabia, and Dogecoin's potential rise. Bearish news covered SEC's crypto compliance warning, U.S. oil production's lack of impact on energy stocks, and JD.com's need for strategic changes.

Portfolio Pulse from Michael Cohen

December 16, 2023 | 3:00 pm

BTC

QQQ

Crypto analyst Kaleo predicts Bitcoin (BTC) could reach new all-time highs by mid-2024, earlier than previously expected. Kaleo's analysis is based on Bitcoin's current upward trend and the strong performance of Invesco QQQ Trust. The potential approval of a Bitcoin ETF and other positive developments in the crypto space contribute to this optimistic outlook. Bitcoin's year-to-date performance has already outperformed major indexes and gold, driven by increased institutional involvement.

Portfolio Pulse from Ananya Gairola

December 16, 2023 | 10:30 am

TSLA

Morgan Stanley analyst Adam Jonas, a Tesla bull, highlighted Tesla's leadership in AI innovation following the unveiling of the new generation Optimus bot. The Gen 2 Optimus features improvements in speed, weight, and body control, including delicate object handling. Jonas emphasized the potential for Tesla's Dojo supercomputer in various markets and the significant addressable market for humanoid robots in the global labor market. Elon Musk responded humorously to Jonas's note. Tesla plans to use the bots in its factories before considering external sales, which may take 3-5 years.

Portfolio Pulse from Anan Ashraf

December 16, 2023 | 10:00 am