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🫡 Here are some must-read news today that may have stock influences.
TechCrunch

BullishShortTermSHOP

Shopify acquires Checkout Blocks, a checkout customization app

  1. Shopify acquires Checkout Blocks for customization, boosting sales for merchants.
  2. Over 850 merchants use Checkout Blocks, including popular brands.
  3. Checkout Blocks founder sees opportunity for growth with Shopify.
  4. Shopify didn't disclose financial terms of the deal.
  5. Checkout Blocks' Starter plan now free for Shopify Plus merchants.
Save you 9 mins
Full Article
Investopedia

BullishShortTermNVDA

Nvidia, Partner Stocks Climb on New AI Platform as Analysts Say AI Peak Is Yet To Come

  1. Nvidia unveiled next-gen AI platform, boosting stock over 3%.
  2. Bank of America raises Nvidia price target, citing growth.
  3. Nvidia to release Rubin platform in 2026, succeeding Blackwell.
  4. BofA analysts are "bullish on semis" amid AI expansion.
  5. AMD also aims for annual chip release cycle.
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GlobeNewsWire

BearishShortTermNOTV

Inotiv Reaches Agreement to Resolve Previously-Announced Investigation into Shuttered Cumberland Facility

  1. Inotiv reached an agreement with the U.S. DOJ over animal welfare violations.
  2. Inotiv will pay fines totaling $22 million and make improvements to facilities.
  3. Resolved issues will allow Inotiv to focus on drug discovery and development services.
Save you 9 mins
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Accesswire

BearishShortTermRIVN

RIVN CRUCIAL INVESTOR ALERT: The Schall Law Firm Encourages Investors in Rivian Automotive, Inc. with Losses In Excess of $250,000 to Contact the Firm

  1. Schall Law Firm reminds investors of class action lawsuit against Rivian Automotive.
  2. Investors of RIVN between March 1, 2023, and February 21, 2024, encouraged to contact the firm.
  3. Complaint states Rivian made false statements leading to damages for investors.
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Investopedia

BearishShortTermGSK

GSK Stock Dives After Judge Allows Zantac Cancer Lawsuits To Go Forward

  1. Delaware judge allows lawsuits claiming Zantac causes cancer to move forward.
  2. GSK plans to appeal ruling, disagrees with claims against Zantac.
  3. FDA requested removal of ranitidine products from the U.S. market in 2019.
  5. Price Impact Rating: Bearish
  6. Impact Horizon Rating: Shortterm
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Fox Business

BearishShortTermPARA

Paramount, Skydance near $8B deal: reports

  1. Paramount Global finalizing $8 billion purchase by Skydance Media, imminent deal announcement.
  2. Skydance sweetened offer to buy National Amusements, merge with Paramount.
  3. Concerns over regulatory approval for previous offer by Sony Pictures and Apollo Global.
  4. Office of the CEO led by three senior executives after departure of Bob Bakish.
  5. Sumner Redstone, influential media titan, built family's billion-dollar media empire.
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Forbes

BullishLongTermS&P 500

US Spin-Offs Beat S&P 500 (Up 34% YTD)

  1. Spin-offs aimed at unlocking value by divesting slower-growing units facing 'conglomerate discount'.
  2. Spin-off trend strong in 2023, expected to continue in 2024, with significant performance.
  3. Spin-offs have shown resilience, potential for long-term value creation, and outperformed S&P 500.
Save you 14 mins
Full Article

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