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LLY

NVDA

SMCI

Three high-flying stocks, NVIDIA Corp (NVDA), Eli Lilly and Co (LLY), and Super Micro Computers Inc (SMCI), experienced key reversals on Tuesday, opening at new highs before trading below their previous closing prices. Despite initial drops, all three stocks recovered some losses by the end of the day. The stocks have seen significant year-to-date increases, attributed to strong demand in their respective sectors. A trader from T3 suggested Nvidia might be setting up for a short trade.

Portfolio Pulse from Aaron Bry

February 07, 2024 | 11:45 pm

PLNHF

NFL legend Ricky Williams, once criticized for his marijuana use, is now a prominent advocate for cannabis legalization and entrepreneurship. He has launched his own cannabis brand, Highsman, and is set to introduce a new brand, Highsman Sticky Ricky, at Planet 13 in Las Vegas during Super Bowl LVIII weekend. Williams' transition from a suspended athlete to a cannabis entrepreneur highlights the evolving perception of marijuana in sports and society.

Portfolio Pulse from Maureen Meehan

February 07, 2024 | 11:32 pm

ATI

FCX

USAU

Freeport-McMoRan Inc. (FCX) appoints Kathleen L. Quirk as new president and CEO effective June 11, 2024, with former CEO Richard C. Adkerson remaining as chairman. U.S. Gold Corp. (USAU) highlights the CK Gold Project's economic potential and its significance for the company's growth. Ridgeline Royalties announces new appointments to bolster its growth strategy and focus on battery metals. Allegheny Technologies Inc. (ATI) CFO Don Newman to speak at the Cowen Aerospace & Defense Conference.

Portfolio Pulse from Austin DeNoce

February 07, 2024 | 11:15 pm

PYPL

Altimeter Capital, led by CEO Brad Gerstner, has acquired a small stake in PayPal Holdings, Inc. (NASDAQ:PYPL), following PayPal's Q4 financial earnings report. This move contrasts with Josh Brown of Ritholtz Wealth Management, who recently sold his PayPal position, expressing distrust in the company's management. PayPal's shares have been under pressure after a keynote by CEO Alex Chriss, which aimed to unveil new product innovations and AI enhancements but received a tepid response.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 11:01 pm

AMC

DIS

FOX

FOXA

WBD

Disney announced several key developments including a Taylor Swift concert film exclusive to Disney+, Nick Saban joining ESPN as an on-air commentator, the theatrical release of 'Moana 2', a $1.5-billion investment in Epic Games, and financial highlights such as beating Q1 earnings estimates, raising its semi-annual dividend, and announcing a $3-billion share buyback. Additionally, Disney is involved in a joint venture with Warner Bros. Discovery and Fox Corporation.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:49 pm

CGC

Freshly Baked NYC, a new legal weed delivery service, has launched in Long Island City, NYC, serving Manhattan & Brooklyn. Co-founded by Pam and Dave Nicponski, the service aims to create a community around cannabis, offering a curated selection of products from New York's legal brands, including Camino, CANNA-CURE, and Jetty Extracts. The service emphasizes personalized cannabis experiences and community engagement, aiming to foster a positive cannabis culture in NYC.

Portfolio Pulse from Nicolás Jose Rodriguez

February 07, 2024 | 10:45 pm

YTEN

Yield10 Bioscience has announced its focus on advancing its Omega-3 Camelina program in 2024, following the successful completion of contra season production of Omega-3 Camelina seed in Chile. This development marks a significant step towards commercializing the product.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:43 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has announced the February lineup for Xbox Game Pass, featuring a variety of games across different genres and platforms. Highlights include Resident Evil 3, Madden NFL 24, and PlateUp!, catering to a broad spectrum of gaming preferences. The lineup showcases games available on cloud, console, and PC, emphasizing Microsoft's commitment to providing diverse gaming experiences to its subscribers.

Portfolio Pulse from Franca Quarneti

February 07, 2024 | 10:41 pm

FLUT

PARA

Martwon Weaver placed a $5 bet with FanDuel, a Flutter Entertainment plc unit, on five NFL awards with a potential payout of $680,960. The bet, which now has a market value of around $200,870, cannot be cashed out traditionally. Weaver, facing financial hardships, seeks to sell the bet through WagerWire. The NFL Honors awards ceremony, airing on CBS and streaming on Paramount+, could make this one of FanDuel's biggest unlikely odds wins.

Portfolio Pulse from Chris Katje

February 07, 2024 | 10:23 pm

MSFT

Microsoft's Activision announces a free trial for Call of Duty: Modern Warfare 3, starting Feb. 8, a day after Season 2 launches. Season 2 introduces new maps, a battle pass, cosmetics, and updates to multiplayer and Zombies mode. The trial offers access to nine multiplayer maps and full access to Modern Warfare Zombies. Season 2's release times vary by region.

Portfolio Pulse from Franca Quarneti

February 07, 2024 | 10:23 pm