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RNLX

Trading of Renalytix (RNLX) shares has resumed. This follows a temporary suspension, details of which were not provided in the article.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:46 pm

DIS

DKNG

PENN

Barstool Sports has renewed its partnership with DraftKings (NASDAQ:DKNG) following the repurchase of Barstool by its founder, Dave Portnoy, from PENN Entertainment (NASDAQ:PENN). The deal makes DraftKings the exclusive sports betting partner of Barstool Sports. This partnership was announced shortly after Super Bowl LVIII and includes a Free Throw Challenge with a $100,000 prize from DraftKings. PENN previously acquired and then sold Barstool Sports back to Portnoy, moving on to a partnership with Disney's ESPN Bet. The rekindled Barstool-DraftKings partnership could attract new customers to DraftKings and impact the sports betting market.

Portfolio Pulse from Chris Katje

February 12, 2024 | 3:46 pm

COP

Deep-pocketed investors have shown a bullish sentiment towards ConocoPhillips (NYSE:COP), with a significant surge in options activity detected by Benzinga. The activity includes 8 notable options trades, with 75% being bullish and 25% bearish. The trades aim for a price target between $110.0 and $113.0. ConocoPhillips, a major exploration and production firm, saw its stock slightly down at $111.11. Analyst ratings in the last 30 days have set an average price target of $130.0 for COP, indicating a positive outlook.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:46 pm

NET

Deep-pocketed investors show a bullish trend in Cloudflare (NYSE:NET) options, with a significant move detected by Benzinga's options scanner. The activity includes 14 extraordinary options activities, with a bullish sentiment from 57% of investors. The focus is on a price band between $65.0 and $120.0. Cloudflare's current trading volume is 2,538,792, with a slight price decrease of -1.04%, standing at $106.8. Analysts have set an average price target of $112.4, with varying ratings from Buy to Neutral.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:45 pm

CBAY

GILD

CymaBay Therapeutics' stock price increased following the announcement that Gilead Sciences will acquire it for $32.50 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:43 pm

ALL

UBS analyst Brian Meredith has maintained a Buy rating on Allstate (NYSE:ALL) and increased the price target from $171 to $185, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:42 pm

RNLX

Renalytix shares were halted due to a circuit breaker trigger after the stock surged by 154.5%. This significant increase in stock price indicates a highly volatile trading session for Renalytix.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:42 pm

SPY

The National Association for Business Economics (NABE) survey reveals growing unease among economists towards the Federal Reserve's restrictive monetary policies, with a 59% chance of a rate cut by May. Financial markets anticipate up to five rate cuts by end of 2024, buoying the U.S. stock market to record highs, as evidenced by the SPDR S&P 500 ETF Trust (SPY) surpassing the 5,000-point mark. Despite recession fears, the U.S. economy's resilience has delayed downturn risks, with a mixed outlook on recession timing among economists.

Portfolio Pulse from Piero Cingari

February 12, 2024 | 3:41 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 12th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. Additionally, the memo highlights the importance of staying alert to market changes and mentions upcoming economic data releases.

Portfolio Pulse from RIPS

February 12, 2024 | 3:38 pm

BMR

NVDA

Beamr Imaging Ltd. (NASDAQ:BMR) shares surged after announcing a collaboration with Nvidia Corporation (NASDAQ:NVDA) to present joint research on automated video modernization at the ACM Mile-High-Video 2024 conference. The research focuses on transitioning video libraries to the AV1 format using Nvidia's hardware, addressing challenges of compute power and video quality maintenance. Beamr's stock has seen a significant increase, trading up 311% at $8.68.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 3:37 pm