Streetbeat News

Analyst Ratings

MDT

RBC Capital analyst Shagun Singh reiterated a Sector Perform rating on Medtronic (MDT) and maintained a $92 price target.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:37 pm

MAX

RBC Capital analyst Ben Hendrix has maintained an Outperform rating on MediaAlpha (NYSE:MAX) and increased the price target from $12 to $18.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:32 pm

SMCI

Deep-pocketed investors show a bearish sentiment towards Super Micro Computer (NASDAQ:SMCI), with unusual options activity detected. The activity includes 81 options trades, with a bearish majority. Price targets range between $310 and $1560. SMCI's current market standing shows a 4.77% decrease in price to $750, with neutral RSI indicators. Analyst opinions vary, with an average target price of $838.2. The company specializes in high-performance server technology, with significant revenue from the US.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 3:30 pm

DOOR

RBC Capital analyst Michael Dahl has maintained a 'Sector Perform' rating on Masonite International (NYSE:DOOR) and increased the price target from $87 to $133.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:30 pm

JELD

RBC Capital analyst Mike Dahl has maintained an Underperform rating on JELD-WEN Holding (NYSE:JELD) and increased the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:27 pm

WPM

Wheaton Precious Metals' shares dropped following the announcement of 2023 gold and silver production results, which fell short of the company's production guidance. Additionally, TD Securities downgraded the stock from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:26 pm

HXL

RBC Capital analyst Ken Herbert has reiterated an Outperform rating on Hexcel (NYSE:HXL), maintaining a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 3:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 21st, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential breakouts or reversals. The memo also highlights the significance of upcoming US Treasury auctions and FOMC minutes, advising traders to stay alert for market volatility.

Portfolio Pulse from RIPS

February 21, 2024 | 3:23 pm

LVS

SWAV

This week's investment highlights include a reversal of economic trends, with the CPI and PPI coming in hot, suggesting a 'higher for longer' interest rate environment. Retail sales weakened while manufacturing exceeded expectations, reversing previous trends. Shockwave Medical (SWAV) outperformed earnings expectations and is expanding its market share. Macau's visitation for Chinese New Year exceeded expectations, benefiting Las Vegas Sands (LVS). Japan entered recession, impacting its economy and currency. Oil prices are predicted to remain range-bound for the year, according to energy expert Tracy Shuchart.

Portfolio Pulse from Gary Brode

February 21, 2024 | 3:23 pm

BTCUSD

Bitcoin (BTC) has experienced a 2% decline in the past 24 hours, trading around $51,100, with significant liquidations occurring. Technical analyst Ali Martinez has identified a sell signal on the Bitcoin 3-day chart, predicting a potential 10% price correction based on historical patterns. Additionally, whale selling activity and the upcoming Federal Open Market Committee (FOMC) meeting minutes are contributing to market volatility and bearish sentiment. Total liquidations in the past 24 hours have reached $305.9 million, with Bitcoin liquidations accounting for $77.4 million. The open interest in Bitcoin Futures is at its highest since November 2021, indicating increased market interest but also potential for further liquidations.

Portfolio Pulse from Khyathi Dalal

February 21, 2024 | 3:20 pm