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Stocks fell sharply on Tuesday amid fears of a hawkish pivot by the Federal Reserve, with major indices and several stocks experiencing significant declines. The S&P 500, Nasdaq 100, and iShares Russell 2000 ETF saw notable drops. Economic data indicating a rise in the employment cost index and a drop in consumer confidence added to the concerns. Treasury yields rose following comments from U.S. Treasury Secretary Janet Yellen, and the Invesco DB USD Index Bullish Fund ETF saw gains. Gold and Bitcoin fell sharply. Several companies moved on earnings reports and other news, including Tesla, Eli Lilly, and Warner Bros. Discovery.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 5:35 pm

EPD

Enterprise Products Partners L.P. (NYSE:EPD) reported Q1 fiscal 2024 results with an 18.6% year-over-year sales growth to $14.76 billion, surpassing consensus estimates. However, EPS of 66 cents missed the consensus by one cent. Adjusted EBITDA increased to $2.47 billion, but distributable cash flow slightly decreased. The company highlighted growth driven by new assets and increased international demand. Capital investments for the quarter were $1.1 billion, and $40 million was spent on common unit buybacks. EPD expects $3.25 to $3.75 billion in organic growth capital investments for 2024 and 2025.

Portfolio Pulse from Akanksha Bakshi

April 30, 2024 | 5:34 pm

AXP

Over the past 20 years, American Express (NYSE:AXP) has produced an average annual return of 9.07%, outperforming the market by 1.15% annually. A $1000 investment in AXP 20 years ago would be worth $5,596.98 today. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:30 pm

GPK

Graphic Packaging Holding (NYSE:GPK) has delivered an average annual return of 19.88% over the past 15 years, outperforming the market. A $1000 investment in GPK 15 years ago would be worth $14,917.61 today. The company currently has a market capitalization of $7.99 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:30 pm

MSOS

The AdvisorShares Trust AdvisorShares Pure US Cannabis ETF, known by its ticker symbol MSOS, has resumed trading. This development is significant for investors interested in the US cannabis sector, as MSOS is a prominent ETF focusing on this industry.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:24 pm

MRNA

Smart money investors have shown a significant interest in Moderna's (NASDAQ:MRNA) options, with a balanced mix of bullish and bearish sentiments. Analysis of 12 trades reveals an equal distribution of bullish and bearish expectations among investors. The trades consist of 8 puts and 4 calls, indicating a price target range for Moderna between $50.0 and $120.0. The largest trades observed include both bullish and bearish positions, with notable activity in calls and puts. Moderna, a commercial-stage biotech company, is currently trading at $110.56, with an upcoming earnings announcement in 2 days.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:16 pm

IBRX

Whales have shown a bearish stance on ImmunityBio (NASDAQ:IBRX), with unusual options activity indicating a split sentiment of 31% bullish and 69% bearish. The options trades suggest a price window of $1.5 to $15.0 for IBRX. Currently, IBRX's stock is down by -6.84%, trading at $8.38, with an RSI suggesting it may be approaching overbought territory. An analyst from Piper Sandler maintains a Neutral rating with a target price of $6.0.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

APO

Deep-pocketed investors have shown a bearish sentiment towards Apollo Global Management (NYSE:APO), with a notable shift in options trading activity. Benzinga's tracking revealed 8 extraordinary options activities, with a mix of bullish and bearish positions, targeting a price range of $104.0 to $135.0. The trading volume of APO is down by -1.97%, with a current price of $108.73. The next earnings report is due in 2 days, and the current RSI values suggest a neutral market position.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has significantly outperformed the market with an annualized return of 51.41% over the past 5 years, turning a $100 investment into $791.25 today. The company's market capitalization stands at $14.89 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:00 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has delivered an average annual return of 9.91% over the past 20 years, turning a $100 investment into $683.88 today. With a current market capitalization of $58.60 billion, MRVL's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:00 pm