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ABBV

AMGN

GILD

AbbVie Inc (NYSE:ABBV) acquired ImmunoGen on Nov. 30, 2023, leading to a 15% surge in its stock and a Golden Cross on Jan. 10. Despite bullish sentiments, past trends suggest caution as previous Golden Cross rallies were short-lived. AbbVie faces revenue decline due to Humira patent expiration and competition from biosimilars. Growth from strategic initiatives like the ImmunoGen acquisition may not significantly impact the bottom line until 2030. AbbVie's stock is trading at premium valuations compared to peers like Amgen Inc (NASDAQ:AMGN) and Gilead Sciences Inc (NASDAQ:GILD), with a forward P/E of 30.59, higher than AMGN's 22.20 and GILD's 18.30. Investors are advised to consider the long-term growth prospects and potentially wait for a pullback before investing.

Portfolio Pulse from Surbhi Jain

January 11, 2024 | 3:01 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset and advises traders to monitor these stocks for breakouts or reversals. The trading session is expected to be volatile due to the release of CPI data and the US Treasury's 30 Year Bond Auction. The memo is part of a service offered by Market Clubhouse, which includes a live daily market analysis, a watch list, and real-time mentorship by a pro trader known as RIPS.

Portfolio Pulse from RIPS

January 11, 2024 | 2:56 pm

DIS

NFLX

PARA

QQQ

WBD

Netflix Inc's gaming division has seen a 180% surge in game downloads in 2023, reaching 81.2 million, with significant growth in Q4. The company's expansion into gaming, including acquisitions of game studios and a diverse library of 89 titles, is proving successful. Netflix is also developing cloud gaming and a multi-platform AAA game. Despite a $1 billion investment in gaming, concerns remain among executives and investors about the strategy and budget. Netflix's stock outperformed Warner Bros. Discovery and Paramount Global but slightly underperformed the Invesco QQQ Trust in the last year.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 2:52 pm

AMLI

American Lithium (NASDAQ:AMLI) has significantly increased the estimated value of its Falchani lithium project in Peru to $5.11 billion, with potential byproducts raising the value to $5.58 billion. The project boasts a low initial capex, robust economics, and a competitive operating cost of less than $5,100 per ton of lithium carbonate. Despite a slump in lithium prices and challenges in the battery metals market, Falchani's cost advantages make it a standout project. The lithium market has seen an 80% price drop from 2022 peaks, affecting companies like Horizonte Minerals and Core Lithium, which have faced project delays and operational suspensions.

Portfolio Pulse from Stjepan Kalinic

January 11, 2024 | 2:51 pm

NOC

Northrop Grumman Corporation (NYSE:NOC) is developing the Deep Space Advanced Radar Capability (DARC), a network of ground-based sensors for tracking objects in geosynchronous orbit. This initiative is part of the AUKUS partnership between the United States, Australia, and the United Kingdom. A recent Memorandum of Understanding was signed by leaders from these countries to host and operate DARC, enhancing space domain awareness and security.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:51 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has completed a new light-weight service truck body for the All-Electric Mullen THREE, in collaboration with Phenix Truck & Van and Knapheide. The vehicle is designed for Class 3 service body truck fleets used by municipalities and public utilities. The Mullen THREE offers a 125-mile range, a 1.5-hour Level 3 DC charge time, and a payload over 5,800 lbs. It is now on display at CES 2024 and will be featured at upcoming industry expos. The partnership aims to cater to the needs of entities transitioning to electric vehicles, particularly in states with incentives for such a switch.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:39 pm

NIO

Nio (NYSE:NIO) has confirmed strategic partnerships with JAC and Chery to enhance battery swap technology and service networks. The collaboration will focus on battery standards, swap technology, and network construction and operation. Nio's battery swap service is likened to a cloud service and is being opened up to partners. Previous agreements with Changan Automobile and Geely Holding will also contribute to the development of a shared battery swap network and swappable battery standards. Nio recently acquired two factories from JAC in Hefei, Anhui province.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:35 pm

NIO

NIO Inc (NYSE:NIO) shares are rising after reports of new strategic battery swap agreements with Anhui Province Energy Group, Anhui Transportation Holding Group, and others. These agreements aim to build a shared energy storage, charging, and battery swap system, including 1,000 charging and battery swap stations. Nio also plans to start constructing a new shared battery swap network this year, following the unveiling of its fourth-generation battery swap stations at its Nio Day event.

Portfolio Pulse from Adam Eckert

January 11, 2024 | 2:35 pm

BTC-USD

ETH-USD

Ramiro Marra, a key figure in Argentina's libertarian movement, envisions a future with less government interference, focusing on industries like AI, Blockchain, genomics, and strategic resources like lithium. He supports labor reform to spur job creation and startups. Marra sees cryptocurrencies, particularly Bitcoin and Ethereum, as tools for financial freedom and supports their use in transactions. He also recognizes the potential of Argentina's lithium production and medical cannabis industry, advocating for private investment and favorable conditions for companies in these sectors.

Portfolio Pulse from Nicolás Jose Rodriguez

January 11, 2024 | 2:34 pm

BEN

EZBC

Franklin Templeton has launched the Franklin Bitcoin ETF (EZBC), a spot bitcoin ETF, on the Cboe BZX Exchange. EZBC aims to track the performance of bitcoin's price, less fund expenses, and is part of Franklin Templeton's expansion into digital assets. The firm has over $20 billion in AUM across its ETF platforms and recently acquired Putnam Investments. EZBC's launch reflects the firm's commitment to innovation and meeting investor interest in digital assets.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 2:31 pm