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The Market Clubhouse Morning Memo for April 10th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed analysis and price levels for each, suggesting potential breakouts or reversals. The memo also highlights the importance of the upcoming CPI data release and Federal Reserve officials' remarks, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

April 10, 2024 | 3:11 pm

LTRY

Lottery.com received a notice from Nasdaq on April 9, indicating that the company has regained compliance with Nasdaq's Rule 5450(B)(1)(C), according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:06 pm

PCLOF

PharmaCielo Ltd. (OTCQX:PCLOF) announced its intention to acquire Siam Ventures Corporation, aiming to expand its cannabis operations into Thailand amidst regulatory changes. The deal involves issuing PharmaCielo shares worth CA$3 million ($2.2 million) to Siam Ventures' shareholders. This acquisition is seen as a strategic move to access large Asian markets as they open to cannabinoids. Concurrently, PharmaCielo is undertaking a non-brokered private placement of units to raise CA$2 million, potentially increasing to CA$3 million, to support its expansion and operational needs.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 2:49 pm

DAL

Delta Air Lines is actively collaborating with the FAA to address air traffic control staffing shortages and is engaged in efforts in Washington to tackle structural challenges related to infrastructure, as revealed in a recent conference call.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:46 pm

EWC

Bank of Canada Governor Tiff Macklem has indicated that a rate cut in June is a possibility, according to Reuters. This statement could have implications for the financial markets, particularly in sectors sensitive to interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:40 pm

DAL

During a conference call, a Delta Air Lines executive commented on the U.S. Department of Transportation's (DoT) action on Aeromexico, labeling it as 'regulatory overreach'. The executive mentioned that Delta is currently in discussions with the administration to explore less punitive solutions.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:32 pm

BTCUSD

Bitcoin (BTC) fell 4.4% after the US CPI for March exceeded forecasts, indicating higher inflation than expected. This has dampened expectations for a Federal Reserve rate cut this summer, a previously anticipated bullish catalyst for Bitcoin. The Dollar Index rose by 0.73% in response. Analysts now see a rate cut more likely in September, adjusting their outlook for Bitcoin and the broader financial markets.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:19 pm

AAPL

TSLA

Cryptocurrencies Bitcoin, Ethereum, and Dogecoin experienced a decline amid $250M in crypto liquidations, with concerns over potential Fed rate cuts. Apple is expanding into Latin America with a new office in Coral Gables. Other highlights include anticipation of US inflation data, political critiques within the US and regarding international relations, and various updates in the tech and electric vehicle sectors, including Apple's growth and Tesla's customer retention.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 1:49 pm

PHG

Koninklijke Philips NV (NYSE:PHG) announced a final agreement with the U.S. Justice Department and FDA regarding a settlement related to its Respironics ventilators, following a voluntary recall in June 2021 for certain devices. The consent decree allows Philips Respironics to continue servicing existing devices and selling accessories while meeting specific requirements before resuming new device sales in the U.S. Philips maintains its 2023-25 financial guidance, including the impact of the consent decree.

Portfolio Pulse from Vandana Singh

April 10, 2024 | 1:47 pm

EWC

The Bank of Canada has decided to keep its interest rate unchanged at 5%, aligning with both the market expectations and the previous rate.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:46 pm