Streetbeat News

Earnings

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen significant options trading activity, with a mix of bullish and bearish sentiment among investors. Analysis of 25 trades reveals a slight preference for bullish positions, with 56% of trades expecting an uptick. The trading volume and open interest suggest investors are targeting a price range of $20.0 to $75.0 for AFRM. Notably, the stock is currently trading at $32.55, with an upcoming earnings release in 22 days. The company, known for its digital and mobile-first commerce platform, primarily generates revenue in the United States.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:01 pm

PEP

Benzinga's options scanner detected significant options trading activity for PepsiCo (NASDAQ:PEP), with over 8 trades amounting to $457,544. The trades indicate a bullish sentiment targeting a price range of $155.0 to $185.0. The largest trades include both call and put options, with calls showing a bullish outlook and a notable put trade indicating some bearish sentiment. PepsiCo, a global leader in snacks and beverages, is currently trading at $166.56, down by -0.92%, with an anticipated earnings release in 8 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

KO

Smart money investors have shown a bullish stance on Coca-Cola (NYSE:KO), with a significant amount of money moving into options. Benzinga's options scanner revealed 9 trades, indicating a split sentiment but leaning towards bullish with 66%. The trades suggest a price target range of $50.0 to $60.0 for KO. Notable options activity includes both bullish and bearish sentiments on calls with expiration dates in 2024. Coca-Cola, a global leader in nonalcoholic beverages, is approaching its earnings announcement with its stock price slightly up and an analyst from Barclays maintaining an Overweight rating with a target price of $68.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped over 4.75% following reports of a planned workforce reduction of 10% to 20% and the departure of key executives Drew Baglino and Rohan Patel. The news adds to the negative sentiment around Tesla amid slowing demand and cost-cutting measures. Analyst Dan Ives from Wedbush highlighted the importance of Tesla's upcoming earnings call for addressing investor concerns and providing clarity on the company's future direction. Tesla's stock has fallen approximately 34% year-to-date.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 7:27 pm

MS

Analysis of Morgan Stanley's (NYSE:MS) options trading reveals a bullish sentiment among financial giants, with 60% of traders leaning bullish and 40% bearish. The trading activity, involving 50 unusual trades, indicates a target price range of $70.0 to $105.0. The largest trades include both bullish and bearish positions, with significant volumes and open interests. Morgan Stanley, a global investment bank with over $4 trillion in client assets, is currently trading at $86.76, showing a 0.66% increase. The stock's RSI suggests a neutral position, with earnings anticipated in 1 day.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:01 pm

AR

Analyst ratings for Antero Resources (NYSE:AR) show a mix of bullish and bearish perspectives with a total of 12 analysts providing ratings. The recent ratings indicate a shift towards a more cautious stance with only 1 indifferent rating in the last 30 days compared to more varied opinions in previous months. The 12-month price targets suggest an optimistic view with an average target of $29.67, marking an increase from the previous average of $27.00. Antero Resources, engaged in natural gas and liquids production, faces financial challenges with a significant revenue decline of -38.57% and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:00 pm

BAC

Bank of America Corp (NYSE:BAC) is set to announce its Q1 earnings on April 16, with Wall Street expecting 77 cents EPS and $25.4 billion in revenues. The stock's technical analysis shows a moderately bearish trend, with its price below the 8-day and 20-day SMAs but above the 50-day and 200-day SMAs. The MACD indicator supports a bullish sentiment, while the RSI suggests the stock is oversold. Analysts have an Overweight consensus rating on BAC, with a price target of $35.36, indicating a potential upside.

Portfolio Pulse from Surbhi Jain

April 15, 2024 | 6:46 pm

LGVN

MRNS

NMRA

RARE

SNGX

SNPO

U.S. stocks declined, with the S&P 500 dropping over 1%. Health care shares slightly rose, while information technology shares fell by 1.8%. U.S. retail sales increased by 0.7% in March. Soligenix, Longeveron, and Snap One Holdings saw significant stock increases, while Marinus Pharmaceuticals, Neumora Therapeutics, and Ultragenyx Pharmaceutical experienced notable declines.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 6:30 pm

MPC

Deep-pocketed investors show a divided sentiment on Marathon Petroleum (NYSE:MPC), with unusual options activity indicating both bullish and bearish positions. The activity involves 15 extraordinary options with a price window from $130.0 to $230.0. Notable trades include both calls and puts with varying sentiments and strike prices. Marathon Petroleum, an independent refiner, has seen its stock price slightly decrease by -0.56%, with a current price of $207.59. Analyst ratings are mixed, with a consensus target price of $205.4. The next earnings report is expected in 15 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:16 pm

ROKU

Recent options trading activity indicates a bullish sentiment towards Roku (NASDAQ:ROKU), with 60% of investors showing bullish expectations. The trading range for Roku's options is between $54.0 and $70.0. Significant trades include both calls and puts, with the largest being a bullish call at a strike price of $55.00, totaling $141.1K. Roku's current market status shows a trading volume of 1,844,078, with a price decrease of -1.44%, currently at $59.03. Analysts from Wells Fargo and Morgan Stanley maintain Underweight ratings on Roku, with target prices of $45 and $60, respectively.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:16 pm