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At Benzinga's Cannabis Capital Conference, musician Howard Bellamy of the Bellamy Brothers praised Florida's approach to cannabis legalization, emphasizing the need to educate older generations about its benefits to overcome stigma.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:14 pm

NFLX

BMO Capital Markets analyst Brian J. Pitz reaffirmed an Outperform rating on Netflix, Inc. (NASDAQ:NFLX), raising the price target from $638 to $713, citing potential for member growth and operating margin expansion from 2024 onwards. Pitz highlights initiatives like paid sharing and T-Mobile ad tier shift, along with content innovation, as key drivers. He estimates Netflix will capture a significant share of linear TV dollars shifting online, with advertising expected to make up about 10% of total revenue by 4Q25. Netflix is anticipated to have over 41 million AVOD members by FY24, growing to over 54 million by FY25.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 5:11 pm

MSOS

TCNNF

Kim Rivers discusses the third attempt to get cannabis legalization on the ballot in Florida, highlighting the significance for the cannabis industry. The article also mentions the Cannabis Capital Conference, offering access to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:10 pm

MSOS

The Benzinga Cannabis Capital Conference announced the start of adult use of cannabis in Florida, known as 'Smart & Safe Florida'. The conference offers live access for existing subscribers and instant access for new users. MSOS, an ETF related to the cannabis industry, may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:03 pm

TTWO

In the last three months, 11 analysts have updated their ratings on Take-Two Interactive (NASDAQ:TTWO), showing a shift towards a more bullish outlook. The average 12-month price target has increased to $190.55 from $171.43, indicating a positive sentiment shift. Analysts from firms like Wedbush, Citigroup, and Goldman Sachs have adjusted their price targets, reflecting changes in market conditions and company performance. Despite a recent decline in revenue and challenges in profitability, Take-Two's strong franchise portfolio and market capitalization highlight its significant position in the video game industry.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

EDBL

INVO

LGVN

OTRK

PLCE

SAGE

U.S. stocks traded lower, with the Dow Jones falling 0.32%, NASDAQ down 1.16%, and the S&P 500 dropping 0.74%. Utilities shares rose by 0.7%, while information technology shares fell by 0.9%. INVO Bioscience, Edible Garden AG, and The Children's Place saw significant gains, whereas Longeveron, Sage Therapeutics, and Ontrak experienced notable declines. Crude oil inventories increased, and oil prices fell by 1.5%.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 4:44 pm

BA

LMT

Boeing Co (NYSE:BA) is focusing on its Defense, Space & Security segment amid challenges in its airplane division due to safety issues. The company, in partnership with NASA, is preparing for a crew flight test mission of its Starliner spacecraft, aiming to certify it for crewed missions to the International Space Station. This move could provide a fresh perspective and optimism for shareholders, as the space segment represents a significant part of Boeing's revenue. Lockheed Martin Corp (NYSE:LMT) is also mentioned as part of the United Launch Alliance joint venture with Boeing.

Portfolio Pulse from Chris Katje

April 17, 2024 | 4:42 pm

SAGE

Sage Therapeutics Inc (NASDAQ:SAGE) reported disappointing results from its Phase 2 PRECEDENT study of dalzanemdor (SAGE-718) in mild cognitive impairment in Parkinson's Disease, failing to meet its primary endpoint. The drug was well-tolerated with no new safety issues, but due to the lack of significant efficacy, the company will not continue its development for Parkinson's Disease. However, Sage Therapeutics plans to proceed with dalzanemdor's Phase 2 clinical development for other conditions, with key milestones expected in 2024. Following the news, SAGE shares dropped 23.80% to $11.91.

Portfolio Pulse from Vandana Singh

April 17, 2024 | 4:41 pm

WIX

Wix.com Ltd. (NASDAQ:WIX) announced the expansion of the Wix Marketplace to allow Partners to sell Studio templates directly within the ecosystem, alongside their services. This move aims to diversify offerings, increase earning potential for Partners, and foster a thriving ecosystem of creativity and innovation. The expansion enables a seamless experience for sellers and buyers, with templates serving as an effective marketing tool to attract leads and showcase the platform's capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:31 pm

MSOS

Brady Cobb discusses the importance of clearing a 60% threshold in an election that is expected to draw a significant number of voters, particularly in the context of cannabis. The article also promotes access to a Cannabis Capital Conference, offering direct access for existing subscribers and instant access for new users. MSOS, a cannabis-related ETF, is mentioned.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:22 pm