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The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, TSLA, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible bullish and bearish targets. The analysis is provided by RIPS, a professional trader, and is part of the exclusive content available to Market Clubhouse members. The article also mentions minimal data releases for the day and advises traders to watch for market responses to the Richmond and Dallas Fed data, Treasury auctions, and to be cautious of low trading volumes.

Portfolio Pulse from RIPS

December 27, 2023 | 3:41 pm

IROHU

Trading for the IPO security IROHU was halted but has now resumed as of 10:35 AM ET.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:35 pm

COST

Costco Wholesale (NASDAQ: COST) has seen significant options activity, with a bullish sentiment from investors. Out of 28 trades, 53% were bullish and 46% bearish. The trades included 3 puts worth $128,210 and 25 calls worth $1,461,516. The options market is focusing on a price range of $225 to $795 for Costco. The largest options trades were mixed in sentiment, with both bearish and bullish positions on different strike prices and expiration dates. Costco's business model focuses on bulk sales at low prices, with a strong market share in the warehouse club industry. The stock is currently trading at $663, down by 1.72%, and may be overbought according to RSI indicators. Analysts have set an average target price of $650, with varying ratings from Outperform to Neutral.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:32 pm

Options trading analysis for Boeing (NYSE:BA) shows a bullish trend with 69% of traders taking bullish positions and 30% bearish. The analysis of 13 unusual trades reveals a higher volume of calls over puts, with significant trades targeting a price range of $110.0 to $267.5 for Boeing over the last 3 months. The largest trades were predominantly calls, with varying sentiments and expiration dates. Boeing's current stock price is $262.67, slightly down by -0.05%, with a high volume of 533,722 and potential overbought conditions indicated by RSI readings. The company's earnings release is expected in 28 days.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:32 pm

Over the past 20 years, Chubb (NYSE:CB) has produced an average annual return of 9.82%, outperforming the market by 2.34% on an annualized basis. A $100 investment in Chubb stock 20 years ago would be worth $652.76 today. Chubb currently has a market capitalization of $90.60 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:31 pm

CIFR

CLSK

HUT

Shares of Bitcoin miners Cipher Mining Inc (CIFR), CleanSpark Inc (CLSK), and Hut 8 Corp (HUT) are trading higher as Bitcoin's price rises. Bitcoin crossed $40,000 in early December and has been volatile. The crypto rally is driven by optimism for a potential spot ETF, with Grayscale refiling a Bitcoin ETF application. Analysts expect SEC approval in early 2024. Federal Reserve rate cut expectations for 2024 are also boosting the crypto market. CIFR shares rose 7.03%, CLSK 10.1%, and HUT 5.04%.

Portfolio Pulse from Adam Eckert

December 27, 2023 | 3:29 pm

CDXS

NSRGY

Codexis, Inc. (CDXS) has entered into a purchase agreement with Nestlé Health Science, a division of Nestlé S.A. (NSRGY), for the enzyme CDX-7108, a potential treatment for exocrine pancreatic insufficiency (EPI). The deal could be worth up to $45 million in milestone payments for Codexis, including a $5 million upfront payment and additional sales-based royalties. Codexis may receive another $5 million if Nestlé exercises an option for two more early-stage enzymes. Nestlé Health Science will take over the development and marketing of CDX-7108. Following the news, CDXS shares rose by 4.52% to $3.47.

Portfolio Pulse from Akanksha Bakshi

December 27, 2023 | 3:28 pm

NTES

NetEase shares are experiencing a downturn due to ongoing fluctuations and regulatory changes in China's gaming industry, which could affect the company's operations and market performance.

Portfolio Pulse from Benzinga Newsdesk

December 27, 2023 | 3:16 pm

CMPS

IXHL

PSIL

President Biden signed the 2024 NDAA, which includes funding for clinical trials with psychedelics for active military members. Robert F. Kennedy Jr. expressed support for psychedelics in mental health treatment. Incannex Healthcare (NASDAQ:IXHL) is set to open Australia's first dedicated psychedelic-assisted therapy clinic. Psychedelics stocks showed varied performance, with COMPASS Pathways (NASDAQ:CMPS) closing at $8.75, and AdvisorShares Psychedelics ETF (NYSE:PSIL) closing at $1.42.

Portfolio Pulse from Lara Goldstein

December 27, 2023 | 3:09 pm

KULR

KULR Technology Group Inc (AMEX:KULR) shares rose after announcing an initial purchase order from a major private space exploration company for its KULR ONE Design Solutions (K1-DS) platform for battery safety testing. The K1-DS platform includes various technologies for comprehensive cell level characterization of thermal runaway behavior. This order aligns with KULR's strategy to expand in the space exploration market and anticipates more design wins next year. Earlier, KULR secured a contract for space battery development, expected to grow into a multi-million-dollar partnership in 2024. KULR shares increased by 5.62% to $0.1972.

Portfolio Pulse from Lekha Gupta

December 27, 2023 | 3:06 pm