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COIN

Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN), with options trading data revealing a significant move. Benzinga's options scanner detected 27 unusual activities, with a bearish majority among investors. The price target for COIN is set between $85.0 and $200.0. Recent options trades include both calls and puts with varying sentiments and expiration dates. Coinbase, a leading cryptocurrency exchange, is focusing on expanding its services. The stock is currently neutral with an upcoming earnings report. Analyst ratings vary, with an average target price of $126.2.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 4:30 pm

UBER

On Bloomberg TV, Uber Technologies' CEO discussed the company's ongoing efforts in the electric vehicle (EV) space and highlighted car rentals as an exciting growth area.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:22 pm

SNAP

On CNBC, Snap CEO Evan Spiegel emphasized building a performance ad business and noted progress in advertising, suggesting advertisers seek alternatives to big tech ad companies.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 4:20 pm

DIS

FOX

WBD

Disney, Warner Bros. Discovery, and Fox Corporation are forming a sports streaming joint venture to offer a comprehensive lineup of sports content, including ESPN and other major channels. This move aims to recapture revenues lost to cord-cutting by leveraging their control of approximately 85% of U.S. sports rights. Despite Disney's streaming services reporting a $1.6 billion loss in the first nine months of 2023, this partnership is seen as a strategic effort to improve profitability and market position. The platform is expected to launch in fall 2024, pending definitive agreements.

Portfolio Pulse from Chris Katje

February 07, 2024 | 4:18 pm

SAVA

Cassava Sciences, Inc. (NASDAQ:SAVA) shares rose after reporting positive top-line results from a two-year clinical safety study of simufilam for Alzheimer's disease dementia, showing no decline in cognition scores in patients with mild Alzheimer's disease. The stock has become a focal point for both retail investors and short-sellers, with a significant short interest of 33.49%.

Portfolio Pulse from Erica Kollmann

February 07, 2024 | 4:15 pm

FUBO

FuboTV Inc (NYSE:FUBO) shares plummeted following the announcement of a joint venture between Disney’s ESPN, Warner Bros Discovery, and Fox to launch a sports streaming service. This new platform, launching in the fall, is seen as direct competition to FuboTV, which offers a mix of sports, news, and entertainment content. Analysts from Needham and Cantor Fitzgerald have expressed concerns over the potential impact on FuboTV, highlighting the risk of increased churn and the need for heightened marketing efforts if the new service is priced competitively.

Portfolio Pulse from Adam Eckert

February 07, 2024 | 3:52 pm

ZCAR

Zoomcar Holdings, Inc. (NASDAQ:ZCAR) has announced a strategic partnership with India-based CARS24, aiming to empower Zoomcar hosts with fleet expansion opportunities through exclusive car purchase opportunities and flexible financing options. This collaboration is expected to reduce the cost of acquiring vehicles for hosts, enabling them to expand their small business presence with lower upfront capital investment. Zoomcar, which recently started trading on NASDAQ, anticipates leveraging CARS24's reputation in the pre-owned car market to ensure hosts can access high-quality used cars, potentially saving up to INR 1 lakh (~$1,204.99) with additional benefits on purchases.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:35 pm

NVDA

OPRA

Opera (NASDAQ:OPRA) is set to deploy a green energy-powered AI data cluster in Keflavik, Iceland, featuring an NVIDIA DGX SuperPOD. This initiative, starting in February 2024, aims to enhance Opera's browsers with advanced AI capabilities, including the Aria Browser AI. The cluster will be powered by renewable energy sources and equipped with NVIDIA's latest H100 Tensor Core GPUs, significantly boosting AI training and inference speeds. This move underscores Opera's commitment to environmental sustainability and its ambition to lead in browser AI innovation.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:30 pm

HOLO

MicroCloud Hologram Inc. (NASDAQ:HOLO) shares surged by 240% to $5.09 after announcing plans to join the Communications Industry Association to foster IT innovation. This move aims to accelerate the development of new technologies for various industries. Additionally, the company's shares began trading on a split-adjusted basis with a new CUSIP number. Last year, MicroCloud's subsidiary agreed to provide a streaming media control system for China's largest new energy vehicle company.

Portfolio Pulse from Nabaparna Bhattacharya

February 07, 2024 | 3:27 pm

DIS

FOX

FOXA

WBD

Disney, Fox, and Warner Bros Discovery are reportedly planning to launch a joint sports streaming platform, with a subscription price expected to be over $40 per month, according to CNBC sources.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 3:21 pm