Streetbeat News

Earnings

WFC

Wells Fargo (NYSE:WFC) has seen significant options activity, with a bearish sentiment prevailing among traders. Analysis of 16 unusual trades revealed 31% bullish and 68% bearish tendencies. The largest trades were calls, with a notable volume and open interest in the $40.0 to $60.0 strike price range. The current market status shows WFC's price down by -1.24% at $57.13, with an upcoming earnings announcement in 21 days. This activity suggests traders are preparing for potential price movements within the predicted range.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

CSTL

Castle Biosciences, Inc. (NASDAQ:CSTL) announced new data at the SSO 2024 Annual Meeting showing the effectiveness of its DecisionDx-Melanoma test in predicting sentinel lymph node (SLN) positivity and guiding patient care in cutaneous melanoma (CM). The test demonstrated its ability to identify patients at low risk of SLN positivity, potentially avoiding unnecessary sentinel lymph node biopsies (SLNB), and high-risk patients who might benefit from more intensive treatment. The data, supported by 50 peer-reviewed publications and over 10,000 patient samples, underscores the test's value in improving patient outcomes by guiding risk-aligned clinical decisions.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:34 pm

AAPL

AMD

NVDA

RDDT

TSLA

The Federal Reserve's indication of potential rate cuts this year has propelled Wall Street to record highs, with significant gains for the S&P 500, Nasdaq 100, and Dow Jones. Nvidia (NVDA) continued its upward trajectory, marking 11 weeks of gains. ARK Investment predicts a massive valuation for disruptive technologies by 2030. Reddit's IPO saw a substantial increase, while Nvidia, AMD, and Apple faced various challenges and opportunities. Elon Musk's comments on ketamine use also drew attention.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:34 pm

TLF

Tandy Leather Factory (NASDAQ:TLF) reported a significant increase in Q4 EPS to $0.23 from $0.06 YoY, despite a 7.01% decrease in sales to $20.80M from $22.37M YoY.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:33 pm

TMUS

Deep-pocketed investors have shown a bearish sentiment towards T-Mobile US (NASDAQ:TMUS), as revealed by Benzinga's tracking of public options records. The options market activity indicates a divided sentiment with 42% bullish and 57% bearish, focusing on a price band between $140.0 and $175.0. The largest trades include both puts and calls with varying sentiments. T-Mobile US's current market position shows a slight price decrease with an upcoming earnings announcement. An analyst from RBC Capital has lowered its rating to Outperform with a price target of $184.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

COP

Financial giants have shown a bearish sentiment towards ConocoPhillips (NYSE:COP) through options trading, with 75% of trades being bearish. The trading activity suggests a target price range of $90.0 to $135.0 for COP. The company's current stock price is $123.03, with a recent analyst downgrade from Mizuho to Neutral and a price target adjustment to $139. Piper Sandler maintains an Overweight rating with a target price of $133. The next earnings report is expected in 41 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

REVB

Revelation Biosciences reported a Q4 EPS loss of $(8.33), surpassing the analyst consensus estimate of $(13.77) by 39.51%. This marks an 84.31% improvement over the previous year's Q4 loss of $(53.10) per share.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:22 pm

GS

Options market activity indicates a bullish sentiment towards Goldman Sachs Gr (NYSE:GS), with a majority of trades being bullish. Significant options trades have been detected, with a price window targeted between $340.0 to $450.0. Current market analysis shows GS's price at $406.82, with analysts giving a consensus target price of $433.33. The stock's next earnings are expected in 24 days, and recent analyst ratings are generally positive.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:15 pm

SPRY

ARS Pharmaceuticals (NASDAQ:SPRY) reported a Q4 EPS loss of $(0.07), surpassing the consensus estimate of $(0.14) by 50%.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:15 pm

DOGEUSD

SHIBUSD

DeFi Insider Dami-Defi revealed a meme coin trader's portfolio that turned a $42,500 investment into $1.56 million in a year, highlighting significant gains from Mog Coin (MOG) and Pepe (PEPE), while currently investing in ZynCoin (ZYN). Established meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) lag in gains compared to newer entries.

Portfolio Pulse from Khyathi Dalal

March 22, 2024 | 8:15 pm