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DKNG

MGM

PARA

PDYPY

PENN

BetMGM, a joint venture owned by MGM Resorts International (NYSE:MGM) and Entain, will air its first-ever Super Bowl commercial during Super Bowl LVIII on Feb. 11, featuring Tom Brady, Wayne Gretzky, and Vince Vaughn. Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA) is telecasting the event and charging $6 million to $7 million for 30-second ads. The ad is part of BetMGM's strategy to boost its brand and will coincide with in-person events in Las Vegas. DraftKings Inc (NASDAQ:DKNG) will not air a Super Bowl ad this year, while FanDuel, a unit of Flutter Entertainment ADR (OTC:PDYPY), will feature Rob Gronkowski. PENN Entertainment (NASDAQ:PENN) has also entered the sports betting market with ESPN Bet, increasing competition for BetMGM.

Portfolio Pulse from Chris Katje

January 19, 2024 | 3:21 pm

OPTX

Syntec Optics has received a significant order worth $4.8 million for medical diagnostics optics. This order could indicate a strong demand for the company's products in the healthcare sector, which may positively influence its financial performance.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:15 pm

DAL

Delta Air Lines is significantly expanding its flight offerings, nearly doubling its seat capacity year-over-year and increasing it by 30% compared to 2019 levels. The airline will resume flights from LaGuardia and Detroit and expand services from Atlanta.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:11 pm

AMZN

MGM Alternative has partnered with the Global Esports Federation to create content focused on the Global Esports Games, esports athletes, and gaming lifestyle. This collaboration aims to capitalize on the growing popularity of esports and related content.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:08 pm

STLA

Stellantis plans to launch eight new vehicles based on its new battery electric vehicle platform, 'STLA Large', between 2024 and 2026. The platform will first be used for Ram and Jeep models, with subsequent adoption by Alfa Romeo, Chrysler, and Maserati.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 3:02 pm

RARE

Ultragenyx Pharmaceutical (NASDAQ:RARE) has been evaluated by four analysts in the past three months, with all four maintaining a 'Somewhat Bullish' stance. The average 12-month price target for RARE is now $100.0, down 11.11% from the previous average, with a high estimate of $130.00 and a low of $72.00. Analysts from Cantor Fitzgerald, Wells Fargo, Morgan Stanley, and Piper Sandler have provided ratings and adjusted price targets, reflecting their views on the company's market position and financial performance. Ultragenyx Pharmaceutical is a biopharmaceutical company focusing on rare and ultra-rare diseases, with products like Crysvita, Dojolvi, and Mepsevii. Financially, the company has a high market capitalization and a positive revenue growth rate of 8.1%, but faces challenges with a net margin of -162.82%, ROE of -198.64%, ROA of -12.52%, and a high debt-to-equity ratio of 1.47.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 3:00 pm

AMGN

The FDA has mandated a boxed warning for Prolia, an osteoporosis medication, due to the increased risk of severe hypocalcemia in patients with advanced chronic kidney disease. This new warning is intended to alert healthcare professionals and patients about the potential risks associated with the drug's use in this particular population.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:52 pm

AMD

HPE

ISRG

JNPR

META

NVDA

PANW

AI stocks have been leading gains in the S&P 500 index in January, with Juniper Networks, Nvidia, and Palo Alto Networks among the top performers. Juniper Networks received a $14 billion takeover offer from Hewlett Packard Enterprise, Nvidia continued its strong performance with a 15% gain in January, and Palo Alto Networks saw a 14% increase. Nvidia's technology and market share in AI GPUs, including a large purchase by Meta Platforms, positions it well for 2024. Palo Alto Networks is also favored by analysts for its role in cybersecurity against AI-powered threats. Other notable companies include AMD with a 10.3% gain and Intuitive Surgical, also up by 10.3%, both benefiting from the AI trend.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 2:37 pm

MULN

Mullen Automotive has announced that Bollinger Motors, which it owns, has received orders for 40 B4, Class 4 electric trucks. The orders are valued at approximately $6 million.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:31 pm

AIHS

Senmiao Technology Limited (NASDAQ:AIHS) has signed a strategic cooperation agreement with Anhui Lianma Technology to enhance its online ride-hailing platform operations in China. Lianma will manage the comprehensive operation of Senmiao's services in cities like Chengdu, Changsha, and Guangzhou, focusing on business development, resource management, and customer service. Senmiao expects this partnership to increase monthly completed orders and improve operational efficiency, countering recent challenges from competition and compliance checks by Gaode.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:03 pm