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RTX

RTX Corporation's Collins Aerospace has been selected by Air India to provide an advanced avionics package for its Boeing 737 MAX fleet. Announced at the Singapore Airshow 2024, the package includes communication, navigation, surveillance equipment, and air data sensors to enhance safety, fuel efficiency, and operational performance. The deal aims to improve flight precision and mitigate 5G interference, featuring Collins' radio altimeters and MultiScan ThreatTrack weather radar for better route management and passenger experience. RTX shares saw a slight increase of 0.15% to $89.75 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

February 22, 2024 | 1:31 pm

MACA

Moringa Acquisition Corp (NASDAQ:MACA) announced a business combination with Silexion Ltd., a clinical-stage oncology-focused biotech company. Silexion's Loder™ showed a 9.3-month median OS advantage in a Phase 2a trial for pancreatic cancer. The merger, valuing Silexion at $62.5 million, is expected to close in Q3 2024, subject to approvals. The combined company will be listed on Nasdaq, with Moringa issuing 6.25 million shares to Silexion's equity holders.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:31 pm

GIII

G-III Apparel Group (NYSE:GIII) has seen a 6.8% decrease in short interest, now at 4.75 million shares or 17.0% of its float, taking traders 8.45 days to cover short positions. This change indicates a shift in market sentiment towards GIII, potentially signaling increased bullishness among investors. GIII's short interest is significantly higher than its peer group average of 7.80%, suggesting it is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:30 pm

NFLX

Netflix's (NYSE:NFLX) short interest has increased to 9.93 million shares, representing 2.33% of its float, with a 1.13-day average cover time. This rise in short interest indicates a more bearish market sentiment towards Netflix. However, compared to its peers' average short interest of 7.72%, Netflix has less short interest, suggesting a relatively stronger position. The increase in short interest doesn't necessarily predict a price drop but signals increased short selling activity.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:30 pm

DTSS

Datasea Inc. (NYSE:DTSS) has seen a significant decrease in short interest, with a 74.29% drop since the last report, representing 3.88% of its float. The current short interest stands at 55 thousand shares. This decrease in short interest could indicate a more bullish sentiment towards DTSS among traders. Despite this, it's not a direct predictor of a price increase. Datasea has a higher short interest compared to its peer group average of 2.51%, suggesting more bearish sentiment towards it than its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:30 pm

SVRE

SaverOne 2014 Ltd. (NASDAQ:SVRE) has initiated a pilot project in the United States with Motor Supply, Inc., a South Carolina-based trucking company. The project involves installing SaverOne's transportation safety system on a portion of Motor Supply's fleet, with the potential for expansion. The pilot aims to enhance driver safety and reduce accidents caused by driver distraction. This collaboration marks SaverOne's first pilot in the Carolinas and could serve as a model for other fleets in the region.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:22 pm

CME

GM

HACK

LDOS

On CNBC's 'Halftime Report Final Trades,' analysts recommended buying Leidos Holdings (LDOS) due to its better-than-expected Q4 financial results, General Motors (GM) despite a stop sale order on certain trucks, Amplify Cybersecurity ETF (HACK) after a 5% drop, and CME Group (CME) following its strong Q4 earnings. LDOS and CME reported higher-than-expected earnings, while GM faces software issues with some trucks, and HACK experienced a significant price drop.

Portfolio Pulse from Avi Kapoor

February 22, 2024 | 1:20 pm

KRTX

Karuna Therapeutics (NASDAQ:KRTX) reported Q4 earnings with an EPS of $-3.01, missing estimates by 13.58% and a revenue decrease of $5.28 million year-over-year. Despite missing last quarter's EPS estimate, the share price increased by 9.63% the following day.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:20 pm

BBIO

BridgeBio Pharma (NASDAQ:BBIO) reported Q4 earnings with an EPS of $-0.96, missing estimates by 5.49% and a revenue decrease of $125 thousand from the previous year. Despite past earnings misses, the company's share price increased by 7.1% the day after last quarter's earnings were announced.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:20 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 22nd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on proprietary formulas. It outlines potential price movements and targets for each asset, advising traders to monitor these stocks for breakouts or reversals. The memo also highlights the importance of upcoming employment and PMI data releases, as well as NVIDIA's earnings, which exceeded expectations, for influencing market dynamics.

Portfolio Pulse from RIPS

February 22, 2024 | 1:15 pm