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LLY

Eli Lilly And Company's (NYSE:LLY) stock has seen a significant increase, gaining almost 25% year-to-date, with its enterprise value surpassing $700 billion. The surge is attributed to high demand for Mounjaro and Zepbound, both containing tirzepatide. BMO Capital Markets forecasts $12.78 billion in tirzepatide revenues for FY 2024. Eli Lilly reported a 28% Y/Y increase in Q4 2023 revenue, beating consensus. The company is expanding production capacity for incretin drugs due to expected demand outpacing supply in 2024. Additionally, Eli Lilly's partner BioAge Labs raised $170 million for Phase 2 clinical development of a compound in combination with Zepbound for obesity.

Portfolio Pulse from Vandana Singh

February 14, 2024 | 3:35 pm

SHEL

A Shell executive reported that 70% of LNG is sold under long-term contracts, with the remaining 30% sold on the spot market. Additionally, the U.S. ban on LNG export approvals is not expected to cause a short-term shortage in the LNG market, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:31 pm

SHEL

A Shell executive predicts the LNG industry will grow by 7M to 20M tons in the next year. Despite Europe's long-term contracts, a structural shortage of 50M-70M tons annually persists for the decade, indicating a significant demand-supply gap.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 3:30 pm

BTCUSD

ETHUSD

SPY

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin surged despite higher-than-expected US inflation, with Bitcoin traders targeting $64K and Galaxy Digital's CEO bullish on BTC amid US debt increase. US markets saw Airbnb and other stocks moving lower, while the Fear & Greed Index entered the 'Greed' zone. In politics, Biden and Trump are in a tight race, with Biden aiming to win back independents. Globally, tensions rise with North Korea and Russia. In the economy, US inflation fears impact Asia-Pacific markets. Tech highlights include Nvidia's potential risk, Apple's iOS updates, and Alibaba's partnerships. Tesla and BYD compete in the EV market, while Shopify plans international expansion. Legal issues arise with Barclays and Amazon Prime Video. Energy sector news includes Eversource's Q4 earnings miss.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 3:30 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 14th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets for bullish and bearish scenarios for each asset and highlights the importance of the PPI Revisions and recent CPI data on market expectations and volatility. The memo is part of exclusive content offered to Market Clubhouse members, curated by pro trader RIPS.

Portfolio Pulse from RIPS

February 14, 2024 | 3:22 pm

PGR

Market whales have shown a bullish stance on Progressive (PGR), with 75% of recent options trades being bullish. The trades indicate a target price range of $180.0 to $190.0 for PGR. The company, a major auto insurer in the U.S., has seen its stock price increase by 2.94% to $187.43. Analysts have given PGR an average target price of $195.5, with ratings ranging from Buy to Market Perform. Options trading, while riskier, offers high profit potential for educated investors.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 3:16 pm

BTCUSD

CCJ

SWAV

This week's investment insights cover Janet Yellen's inflation comments, Bitcoin's recovery post-ETF approval dip, DKI's report on Shockwave Medical (SWAV) with a positive outlook, Cameco's (CCJ) shortfall in uranium production and its impact on prices, and the decline in used car prices potentially affecting the CPI. Yellen's remarks are criticized for being out of touch, Bitcoin's resilience is highlighted, SWAV's potential for acquisition is discussed, CCJ's production miss is seen as a temporary setback for uranium prices, and the drop in used car prices is seen as a minor contributor to CPI reduction.

Portfolio Pulse from Gary Brode

February 14, 2024 | 3:05 pm

YCBD

cbdMD, Inc. (NYSE:YCBD) reported a year-over-year decrease in Q1 net sales to $5.37 million but reduced its operating loss to $1.1 million. The company launched hempMD and ATRx Labs brands, entering the hemp and functional mushroom markets. It secured financing for the national rollout of ATRx Labs products, with positive early reception. Operating expenses decreased, and direct-to-consumer sales constituted 82.3% of total net sales. The company's stock traded 4.11% lower at $0.7 per share.

Portfolio Pulse from Jelena Martinovic

February 14, 2024 | 3:03 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares rose in premarket trading following upbeat Q4 results, surpassing expectations in revenues and adjusted EBITDA. Analysts from KeyBanc Capital Markets, Piper Sandler, JMP Securities, Mizuho Securities, and Needham provided positive comments, highlighting strong transaction revenue led by crypto and options trading, solid net deposit trends, and growth in Robinhood Gold subscribers. Price targets were adjusted accordingly, reflecting optimism for the company's performance and outlook for 2024.

Portfolio Pulse from Priya Nigam

February 14, 2024 | 3:01 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) announced plans to cut its annual operational expenses by over $75 million through layoffs, supply chain optimization, and other cost-reduction measures. The company aims to streamline processes and enhance operational efficiency with automation and digital technologies. Despite the layoffs, affected employees will receive severance packages and career transition support. Plug Power also highlighted recent achievements, including the delivery of liquid hydrogen refuelers and the production of liquid green hydrogen at its Georgia plant, marking it as the largest in the U.S. market. Additionally, Plug Power has secured a contract in Europe for a 500 MW electrolyzer project. Shares of Plug Power rose 2.10% to $4.25.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 2:50 pm