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DIS

DKNG

The rumored relationship between Taylor Swift and Travis Kelce is influencing NFL viewership, Google searches, Instagram followers, and NFL merchandise sales. Swift's attendance at Chiefs games correlates with a perfect team record and Kelce's improved performance. Sportsbooks are adjusting odds and prop bets based on Swift's presence, with the Chiefs favored by 2.5 points against the Eagles in an upcoming game. Kelce's touchdown odds and receiving yards prop are also influenced. The Chiefs are tied as Super Bowl LVIII favorites with the 49ers, followed by the Eagles.

Portfolio Pulse from Chris Katje

November 17, 2023 | 3:23 pm

DIS

DKNG

PENN

PENN Entertainment Inc launched ESPN Bet, a sports betting platform, in partnership with Walt Disney Co. Needham analyst Bernie McTernan maintains a Buy rating on PENN with a $33 price target and on DKNG with a $50 target. ESPN Bet topped the iOS app store, exceeding expectations. However, McTernan finds the media integration underwhelming, noting no mentions during a live NBA game. The platform offers unique betting options and is part of PENN's omnichannel strategy. PENN shares are down 0.61% to $24.51, with a 19% gain in the last month.

Portfolio Pulse from Chris Katje

November 17, 2023 | 3:14 pm

BBLG

CHPT

CYTO

SGD

VIGL

WLGS

U.S. stocks opened slightly lower with the Nasdaq Composite down by 30 points. Energy shares surged by 0.9%, while communication services fell by 0.5%. Housing starts in the U.S. rose by 1.9% to an annualized rate of 1.372 million in October. Safe and Green Development Corporation (SGD) shares soared 162% after announcing no stock offering. Altamira Therapeutics (CYTO) shares jumped 116% due to a partial spin-off. WANG & LEE GROUP (WLGS) also rose by 76%. Vigil Neuroscience (VIGL), Bone Biologics (BBLG), and ChargePoint Holdings (CHPT) shares fell sharply after negative company-specific news.

Portfolio Pulse from Lisa Levin

November 17, 2023 | 2:51 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

Iran's backchannel messaging indicating a desire to avoid conflict with the U.S. has led to a collapse in oil prices, reducing inflation fears and triggering a stock market rally. The SPDR S&P 500 ETF Trust (SPY) is consolidating after a rally, with the market showing overbought signals. $2 trillion in options are expiring, and their rollover decisions could impact the market direction. Positive early money flows are seen in Amazon (AMZN), Microsoft (MSFT), and Apple (AAPL), while negative flows are in Alphabet (GOOG), Meta Platforms (META), NVIDIA (NVDA), and Tesla (TSLA). Mixed flows are in SPY and Invesco QQQ Trust (QQQ). The SPDR Gold Trust (GLD) and iShares Silver Trust (SLV) are popular ETFs for gold and silver, respectively, and the United States Oil ETF (USO) is the most popular for oil.

Portfolio Pulse from The Arora Report

November 17, 2023 | 2:39 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is targeting $20 billion in merchandise exports from India by 2025, focusing on small sellers. Bhupen Wakankar, director of global trade at Amazon, highlighted the growth of entrepreneurs on the platform and the demand for 'Made in India' products. Amazon Global Trade has over 100,000 small manufacturers from India, with many experiencing a 70% annual business growth. The company has reduced subscription fees for its global selling program to support exporters. AMZN shares saw a slight increase of 0.10% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 2:16 pm

DIS

GOOG

GOOGL

NFLX

YouTube is enforcing a policy requiring family plan subscribers to live in the same household, similar to Netflix's earlier move. YouTube Premium family plan users are being asked to confirm their addresses to meet the eligibility requirements. This enforcement follows price hikes in YouTube Premium, mirroring actions by Netflix and Disney+. Alphabet Inc. owns YouTube, and Netflix Inc. has also enforced household requirements for its subscribers earlier this year.

Portfolio Pulse from Rounak Jain

November 17, 2023 | 2:16 pm

SCLX

Scilex Holding Company (NASDAQ: SCLX) has been granted a new U.S. patent (No. 11,786,455) for its lead product ZTlido, a non-aqueous lidocaine patch for pain relief. This patent, along with another recent patent (No. 11,793,766), will be listed in the FDA's Orange Book and extends the intellectual property coverage for ZTlido until 2031, bolstering Scilex's position in non-opioid pain management.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:02 pm

GOOG

GOOGL

Google has announced that it will proceed with changes to Chrome's extension system, impacting extensions like uBlock Origin. The changes, part of Manifest V3, will disable Manifest V2 extensions in Chrome Dev, Canary, and Beta builds by June 2024 and in the Chrome Web Store by July 2024. Users of uBlock Origin may switch to Firefox or use a less effective 'Lite' version. The update has been controversial since its announcement in 2018 due to its potential to weaken ad blockers.

Portfolio Pulse from Rounak Jain

November 17, 2023 | 2:00 pm

SPY

Federal Reserve Vice Chair for Supervision Michael Barr indicated that the adoption of the FedNow Payments System by financial firms will be a lengthy process. His remarks were made at The Clearing House Annual Conference 2023.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 1:55 pm

MSFT

Microsoft CEO Satya Nadella calls for collective governance of AI, citing risks such as electoral interference and uncontrollable AI advancements. He stresses the need for international cooperation in AI regulation and highlights Microsoft's efforts to protect elections with new technologies like a watermarking system for AI-generated content. The EU has strict AI regulations, and the US is moving towards an executive order for AI safety. Microsoft is also expanding in China and has invested in OpenAI.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 1:48 pm