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BAC

BTI

C

British American Tobacco Plc (BAT), known for Lucky Strike cigarettes, is reportedly planning to sell a portion of its stake in Indian partner ITC Ltd. The sale, which could happen as early as this week, involves a divestment of $2 billion to $3 billion in ITC stock. BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding the sale through block trades.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:55 pm

INPX

XTIA

Inpixon announced the anticipated closing date for its merger with XTI Aircraft Company as March 12, 2024, after market close. Post-merger, the company will be named XTI Aerospace, Inc. and will trade on Nasdaq under the new ticker symbol 'XTIA' starting March 13, 2024. The merger aims to advance the development of the TriFan 600 vertical lift crossover airplane and continue offering RTLS technology. A 100-for-1 stock consolidation will occur immediately before the merger to meet Nasdaq listing requirements. Inpixon's CEO's entity will invest $1.5 million in equity financing in the company. The TriFan 600 aims to serve various segments of private air travel, with over 700 conditional pre-orders indicating a potential for over $7 billion in gross revenue.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:54 pm

GLD

MSTR

NVDA

SMH

NVIDIA Corp (NVDA) has traced a bearish outside day pattern, leading to a significant loss in value. The Arora Report had previously signaled to hedge NVDA positions, which has proven effective. NVDA's performance is crucial due to its central role in the AI revolution and its impact on the S&P 500 and semiconductor sector. The article also notes central banks buying gold, with positive early trade money flows in AAPL, GOOG, and TSLA, but negative in AMZN, META, MSFT, NVDA, SPY, and QQQ. MicroStrategy Inc (MSTR) is buying more Bitcoin, which has surpassed $72,000.

Portfolio Pulse from The Arora Report

March 11, 2024 | 3:51 pm

CHH

Choice Hotels' shares rose following the announcement of the expiration of their exchange offer to acquire Wyndham Hotels & Resorts. The company plans to continue with its standalone strategy.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:45 pm

DUOL

Duolingo Inc (NASDAQ:DUOL) shares rose after reporting better-than-expected Q4 results, with JPMorgan highlighting its growth potential. Analyst Bryan Smilek initiated coverage with an Overweight rating and a $270 price target, citing sustainable revenue growth and strong user growth prospects driven by product optimizations and a social-first marketing strategy. Smilek also noted Duolingo's potential for long-term pricing power through premium GenAI-powered features.

Portfolio Pulse from Priya Nigam

March 11, 2024 | 3:44 pm

SILV

SilverCrest Metals Inc. (NYSE:SILV) shares surged after reporting Q4 2023 results with revenue of $61.3 million, beating the consensus of $44.1 million. The company also exceeded its sales guidance and AISC guidance for the year, with mine operating earnings of $36.9 million and an EPS of $0.24, surpassing the consensus of $0.10. CEO N. Eric Fier highlighted the successful first full year of commercial production at Las Chispas and the mobilization of a new underground mining contractor. FY24 outlook remains in line with previous forecasts, with SILV shares up 18% at $6.57.

Portfolio Pulse from Lekha Gupta

March 11, 2024 | 3:44 pm

EXK

Endeavour Silver's stock price increased following the announcement of their Q4 sales results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:38 pm

LLY

Eli Lilly's stock is trading lower due to the FDA delaying its decision on the company's donanemab treatment for Alzheimer's. This delay may impact investor sentiment and the short-term stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:38 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, providing specific price levels and targets based on their proprietary formula. The analysis includes potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also notes the calm market in terms of data releases, with attention on the Treasury's 3-Year Note Auction and upcoming CPI numbers.

Portfolio Pulse from RIPS

March 11, 2024 | 3:36 pm

SMCI

Super Micro Computer shares are trading lower, possibly due to a pullback following recent momentum.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:32 pm