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Super Bowl LVIII featured commercials from a wide range of companies, with ad slots priced at around $7 million for 30 seconds. Paramount Global Inc aired the game on CBS, Nickelodeon, and streamed it on Paramount+. The overtime period likely resulted in additional ads. Companies like Keurig Dr Pepper, Intuit, Flutter Entertainment, Disney, Alphabet, Comcast, Unilever, PepsiCo, Restaurant Brands International, CoStar Group, Kellanova, Anheuser-Busch InBev, PDD Holdings, L'Oreal, Booking Holdings, T-Mobile US, Molson Coors Beverage, Mondelez International, Morgan Stanley, The Hershey Company, Squarespace, Snap Inc, Deckers Outdoor, e.l.f. Beauty, Etsy, Apple, Danone, Maplebear, Uber Technologies, Pfizer, Skechers, Toyota Motor Corporation, Amazon.com, Ally Financial, Progressive Corporation, Discovery Financial Services, and DoorDash were among those who advertised during the event.

Portfolio Pulse from Chris Katje

February 12, 2024 | 6:40 pm

AGRI

AgriFORCE Growing Systems is set to be issued US Patent Number 11,895,958 titled "Structures For Growing Plants (To Generate Micro-environment Conditions)". This patent represents a significant advancement in the technology for creating optimal growing conditions for plants, potentially enhancing the company's product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:27 pm

ARM

NVDA

Arm Holdings Plc (NASDAQ:ARM) stock surged over 30% on Monday, following a 117% increase last week, adding close to $100 billion in market cap. This comes after the company reported quarterly sales of $824 million, surpassing analyst expectations, and an EPS of $0.29. The growth is attributed to the success of Armv9-based chips and strong demand for advanced Arm CPUs, particularly in AI investments. Nvidia Corp (NASDAQ:NVDA) also saw a 7% increase last week. Morgan Stanley analyst Lee Simpson raised ARM's price target to $107 from $55, highlighting ARM's leadership in silicon IP and potential growth in cloud and autos with the adoption of ARMv9 architecture.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 6:22 pm

ANTX

BIG

MGIH

Big Lots, Inc. shares plummeted by 31.3% after reporting disappointing preliminary Q4 results and a downgrade by Loop Capital. Other stocks showed significant movement, with notable gainers including Millennium Group International Holdings Limited, Beamr Imaging Ltd., and DIH Holdings US, Inc. Losers included AN2 Therapeutics, Inc., AirTouch Communications, Inc., and TOP Financial Group Limited.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 6:07 pm

MMS

Maximus (MMS) has been awarded a contract by South Dakota's Department of Social Services to administer mental health assessments for Medicaid-certified nursing facility placements. This marks the first time South Dakota has partnered with an external vendor for this purpose. Maximus will leverage its nearly 25 years of experience in running Preadmission Screening and Resident Review (PASRR) programs to enhance the state's program, offering centralized services, improved data collection, and analysis to support South Dakota's goals.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:03 pm

ETH-USD

On Sunday, 5,933.58 Ether (ETH) worth approximately $15.48 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -5.53% yesterday.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

HSY

Morgan Stanley analyst Pamela Kaufman downgraded The Hershey Co (NYSE:HSY) to Underweight from Equal-Weight with a reduced price target of $183 from $191, citing concerns over cocoa inflation, pricing environment, and consumer demand. Despite a slight sales increase in Q4 fiscal 2023, Hershey's sales missed consensus, and its 2025 EPS estimate was lowered due to expected input cost inflation and gross margin contraction.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 5:48 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares rose after announcing the delivery of several liquid hydrogen portable refuelers to transit agencies and trucking fleet customers. The HL-450D-P hydrogen refueling stations are designed to reduce infrastructure costs and deployment time for hydrogen-powered commercial vehicles. Plug Power's CEO, Andy Marsh, highlighted the innovation and cost-effectiveness of the portable refueler product for sectors like transportation.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 5:38 pm

DIS

NFLX

Disney (NYSE:DIS) reported improved earnings, narrowing streaming losses and lifting guidance, but still faces challenges in the entertainment sector. Shares rose 7% in extended trading. Disney announced a collaboration with Epic Games to create a gaming universe and will acquire a $1.5 billion equity stake in Epic Games. Disney also plans to focus on live sports streaming, with the launch of ESPN streaming service in 2025. Despite flat revenue of $23.55 billion for the quarter, net income rose to $1.91 billion. Netflix (NASDAQ:NFLX) increased its gaming presence and reported a significant subscriber growth, ending 2023 with 260.3 million subscribers and a 12% YoY revenue growth.

Portfolio Pulse from Upwallstreet

February 12, 2024 | 5:35 pm

TAK

The FDA has approved Takeda Pharmaceutical Co Ltd's Eohilia, the first oral treatment for eosinophilic esophagitis (EoE) for patients aged 11 and older. Eohilia demonstrated significant efficacy in achieving histologic remission and improving swallowing difficulties in two studies compared to placebo. It will be available in 2 mg/10 mL single-dose stick packs by the end of February. Takeda's shares saw a slight increase of 0.25% to $14.27 following the announcement.

Portfolio Pulse from Vandana Singh

February 12, 2024 | 5:17 pm