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🏋️‍♀️ Good News For Us, Bad News For Gyms And These Stocks

One small rule change could crush Planet Fitness and these other stocks, Netflix's earnings report and more

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Happy Friday! Saving money can be tough. I’ll do all the common tips: make your own coffee, don’t eat out as much, etc. But there’s always something that pops up and depletes my savings account, like that $300 life-size storm trooper statue that I obviously needed.

But, hey, at least now I’ll be able to easily cancel all those subscriptions that I don’t use. Plus, some under-the-radar AI plays that analysts are starting to love.

—Aaron Bry

Plus, take a look at the sneaky AI play that’s signing deals with major tech companies like Microsoft.

MARKET SNAPSHOT

Yesterday: Tech was the leader on the day, with chip names ripping to the upside following $TSM’s strong earnings report.

On Our Radar: Some Fed Speak throughout the day with Fed Governor Christopher Waller speaking at 12:10 pm ET. Next week, the earnings season continues, with reports on the way from major companies like $GM, $TSLA, $UPS and more.

TOP STORY

What Happened: The Federal Trade Commission (FTC) finalized a rule Wednesday aimed at simplifying subscription cancellations.

The Details: The new rule is called "click-to-cancel." It aims to protect consumers from businesses that make it difficult, or even impossible, to cancel subscriptions. "Too often, businesses make people jump through endless hoops just to cancel a subscription," said Commission Chair Lina M. Khan. Here are the stocks that could be impacted by the new rule.

PRESENTED BY RESOLVE AI

Rezolve Ai Limited’s (NASDAQ: RZLV) partnership with Microsoft (NASDAQ: MSFT) seeks to revolutionize the retail industry by leveraging AI-powered tools specifically designed for e-commerce. The collaboration highlights Rezolve’s Brain Suite, offering solutions like Brain Commerce, Brain Checkout and Brain Assistant to improve customer engagement, streamline operations and boost conversions. Microsoft Azure provides the infrastructure to scale these solutions globally, while its Go-to-Market support accelerates adoption. With the AI in e-commerce market set to grow significantly over the next decade, Rezolve’s BrainPowa LLM potentially positions the company to drive the next wave of retail transformation through personalization and efficiency.

FIVE ZINGERS

Talk About A Shakeup: CVS, under pressure from an activist investor, announced a new CEO this morning, but the stock is still getting hammered.

Stream On: Netflix reported earnings after the close yesterday, exceeding expectations sending the stock to right around its all-time highs.

Put It On The Card: American Express shares are trading lower after the company reported earnings, but is it an opportunity to buy the dip?

Take A Shot: $SOBR shares are skyrocketing this morning after the company withdrew its planned public offering.

Your Chance At $30k Risk-Free: Benzinga's World Championship of Trading is about to take off, and all you have to do is sign up and paper trade for your chance at the prizes.

ONE FOR THE ROAD

Basically: As the tech world navigates 2024, JPMorgan analyst Harlan Sur has one clear message for stock investors: semiconductors are back in the driver's seat.

So: After semiconductor fundamentals bottomed in 2023, the sector is poised for a cyclical upturn, with Broadcom Inc and Marvell Technology Inc leading the charge. Here’s why Sur is so bullish on the two names.

PRESENTED BY INNOVATION BEVERAGE

A cocktail is not only for refreshment; it can also be an experiential offering for individuals who want to entice and excite their taste palate with different flavor profiles. Innovation Beverage Group’s (NASDAQ: IBG) business model has been built on beverage brands tailored for various lifestyle occasions, allowing individuals to have a refreshing drink selection suitable for their distinct and everyday moments. 

IBG is an developer, manufacturer and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands. Recently,IBG signed a distribution agreement with Sysco, a global leader in food service distribution.

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