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Nvidia Corporation (NASDAQ:NVDA) has seen remarkable market performance, with its market cap reaching $2.42 trillion, nearing Apple Inc.'s (NASDAQ:AAPL) $2.61 trillion. Nvidia's stock experienced a significant after-hours trading swing, adding $80 billion to its market cap, and has gained $180 billion in market cap in a single day. The company's market cap has increased by $1 trillion since the start of 2024, with a notable $440 billion increase in the past eight trading sessions. This growth has sparked discussions about Nvidia potentially becoming a market bubble, despite its strong financial performance driven by its GPUs and AI development.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 3:18 pm

RRX

Regal Rexnord's stock price increased following Barclays' decision to maintain an Overweight rating and raise its price target from $174 to $200.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:17 pm

ENPH

Financial giants have shown significant interest in Enphase Energy (NASDAQ:ENPH) options, with an equal split between bullish and bearish sentiments. Analysis of unusual trades reveals a predicted price range of $90.0 to $175.0 for ENPH. Significant trades include both calls and puts with varying sentiments and strike prices. Enphase Energy, a global energy technology company, has seen its stock price increase by 1.79% to $132.01, with an upcoming earnings announcement in 46 days. Analyst ratings from RBC Capital and Barclays offer mixed outlooks with targets of $140 and $115, respectively.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:17 pm

COST

Evercore ISI Group analyst Greg Melich maintains an Outperform rating on Costco Wholesale (NASDAQ:COST) and raises the price target from $770 to $815.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:16 pm

BURL

Evercore ISI Group analyst Michael Binetti has maintained an Outperform rating on Burlington Stores (NYSE:BURL) and increased the price target from $235 to $250.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:14 pm

AAPL

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META

MSFT

NVDA

QQQ

SPY

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The Market Clubhouse Morning Memo for March 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, suggesting potential bullish and bearish price levels. The memo also highlights the impact of upcoming economic events like the Non-Farm Payroll, CPI release, triple witching Friday, and FOMC rate decision on market volatility. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 08, 2024 | 3:12 pm

CRMT

America's Car-Mart reported higher than expected Q3 financial results, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:11 pm

CVNA

SWBI

Smith & Wesson Brands, Inc. (SWBI) reported better-than-expected Q3 financial results, leading to a 25.8% surge in its shares. Other companies like Willdan Group, Gulf Island Fabrication, and Grifols also saw significant gains following positive financial reports or announcements. Notably, Carvana Co. received an upgrade from RBC Capital, contributing to a 12.2% increase in its stock price.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 3:08 pm

AMLX

Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) reported that its Phase 3 trial of AMX0035 for ALS did not meet its primary endpoint, leading to an 83.30% drop in its stock price. The company may consider withdrawing the drug from the market and has paused its promotion. Despite this setback, Amylyx continues other studies on AMX0035 for different neurodegenerative diseases.

Portfolio Pulse from Vandana Singh

March 08, 2024 | 3:08 pm

COIN

Coinbase shares are trading higher following an upgrade from Goldman Sachs, moving from Sell to Neutral with a new price target of $282.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 3:06 pm