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DKNG

MGM

RSI

Oakland University's upset win over Kentucky in the 2024 NCAA Men's Basketball Tournament has significantly impacted sportsbooks, with BetMGM (MGM), DraftKings Inc (DKNG), and Rush Street Interactive (RSI) seeing shifts in betting patterns. Former President Barack Obama's bracket, which had Kentucky reaching the Final Four, is likely to rank lower due to this upset. The win by Oakland, a 14-seed, against 3-seed Kentucky was the biggest upset of the tournament's first day, with sportsbooks potentially benefiting from the unexpected outcome.

Portfolio Pulse from Chris Katje

March 22, 2024 | 9:08 pm

LZM

METC

Lifezone Metals Limited received a license from Tanzania for a nickel, copper, and cobalt refining facility, planning a feasibility study by Q3 2024 and secured $50M in funding. Worthington Steel reported a 3% increase in Q3 sales to $805.8M and earnings of $49M, announcing a dividend. Ramaco Resources revealed over 1.5 million tons of rare earth oxide at its Brook Mine, indicating significant commercial potential. Alcoa Corporation issued $750M in senior notes for green projects, marking its first Green Finance Instrument.

Portfolio Pulse from Michael Cohen

March 22, 2024 | 9:08 pm

ISPR

Ispire Technology's co-CEO, Michael Wang, discussed the company's 30.7% revenue increase in Q2 to $41.7 million on Benzinga’s Cannabis Insider, attributing the growth to technological innovations in cannabis vaping products. Collaborations with high-profile names like Snoop Dogg and strategies for navigating regulatory challenges and global expansion were also highlighted.

Portfolio Pulse from Abbey Higginbotham

March 22, 2024 | 9:00 pm

DIS

DKNG

WBD

Florida basketball head coach Todd Golden plans to wear shoes supporting Magen David Adom, an Israeli disaster relief organization, during a March Madness game. This move, amidst the ongoing Israel-Hamas conflict, could draw attention and controversy. The game will be broadcast on TBS, owned by Warner Bros. Discovery (WBD), and involves betting odds from DraftKings Inc (DKNG). The situation reflects broader tensions around public figures expressing political stances, as seen with the NBA's ban on political messages on shoes and reactions to political statements in Hollywood.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:47 pm

META

Lady Gaga is speculated to be recording new music based on her recent Instagram post showing audio waves, as interpreted by Billboard. While there's no official album announcement, fans are excited for potential new music since her 2020 album, "Chromatica." Gaga has been busy with various projects, including relaunching her Haus Labs makeup brand, acting in "Joker: Folie à Deux," philanthropy, and editing a film about her "Chromatica Ball" tour. She's also announced eight shows at the Dolby Live theater at Park MGM and performed at the 2024 Fortnite Festival.

Portfolio Pulse from Franca Quarneti

March 22, 2024 | 8:43 pm

CSTL

Castle Biosciences, Inc. (NASDAQ:CSTL) announced new data at the SSO 2024 Annual Meeting showing the effectiveness of its DecisionDx-Melanoma test in predicting sentinel lymph node (SLN) positivity and guiding patient care in cutaneous melanoma (CM). The test demonstrated its ability to identify patients at low risk of SLN positivity, potentially avoiding unnecessary sentinel lymph node biopsies (SLNB), and high-risk patients who might benefit from more intensive treatment. The data, supported by 50 peer-reviewed publications and over 10,000 patient samples, underscores the test's value in improving patient outcomes by guiding risk-aligned clinical decisions.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:34 pm

AAPL

AMD

NVDA

RDDT

TSLA

The Federal Reserve's indication of potential rate cuts this year has propelled Wall Street to record highs, with significant gains for the S&P 500, Nasdaq 100, and Dow Jones. Nvidia (NVDA) continued its upward trajectory, marking 11 weeks of gains. ARK Investment predicts a massive valuation for disruptive technologies by 2030. Reddit's IPO saw a substantial increase, while Nvidia, AMD, and Apple faced various challenges and opportunities. Elon Musk's comments on ketamine use also drew attention.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:34 pm

DBA

NVDA

Agricultural commodity prices, particularly cocoa, have surged to 9-year highs, with cocoa prices increasing by 112% year to date, significantly impacting the Invesco DB Agriculture Fund (DBA) and outperforming stocks like Nvidia Corp. (NVDA). The rise in cocoa costs is attributed to supply disruptions in West Africa, leading to a global cocoa market imbalance and predictions of higher chocolate prices. The International Cocoa Organization predicts a dramatic deficit in the global cocoa market for the 2023/24 season.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:26 pm

GOOGL

HAS

Larian Studios, led by Swen Vincke, has decided not to produce any DLC, expansions, or sequels for Baldur's Gate 3, despite its success. At GDC 2024, Vincke expressed the team's lack of enthusiasm for continuing the series and their desire to pursue new projects. He also reflected on the regrettable decision to partner with Google Stadia for the game's announcement, a platform that was shut down in 2023. Hasbro Inc's Wizards of the Coast will continue to support Baldur's Gate 3.

Portfolio Pulse from Franca Quarneti

March 22, 2024 | 8:22 pm

AAPL

A Steve Jobs-autographed business card sold for $181,183 at an auction, setting a new record for the most expensive business card ever sold. The auction featured Apple-related memorabilia, including a rare Apple-1 computer signed by Steve Wozniak and a first-generation sealed iPhone. An Elon Musk-signed SpaceX business card also exceeded expectations, selling for $39,238. The high sale prices reflect the growing demand for memorabilia associated with Jobs and Musk among collectors and investors.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:19 pm