Streetbeat News

Earnings

BA

Boeing (NYSE:BA) has seen unusual options activity, with a mix of bearish and bullish sentiments among big-money investors. A total of 78 uncommon options trades were spotted, with 47 puts and 31 calls, indicating a split sentiment. The price target range for Boeing based on these options is between $140.0 and $270.0. The largest trades include both bearish and bullish positions, with significant open interest and volume in options within the $140.0 to $270.0 strike price range. Boeing's stock is currently down by -2.15%, trading at $194.22, with an RSI suggesting a neutral position. The company competes in aerospace and defense, with its next earnings release anticipated in 44 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:46 pm

NET

Recent unusual options activity in Cloudflare (NYSE:NET) has been observed, with a split sentiment among investors. The activity includes both puts and calls within a price window of $95.0 to $105.0. Cloudflare's current stock price is $97.02, with a neutral RSI and its next earnings report due in 45 days. Analyst ratings vary, with an average price target of $100.67. The options activity suggests anticipation of significant price movement.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:46 pm

NKE

ONON

SPY

On Holding AG's (NYSE:ONON) stock rose over 2% ahead of its earnings report, outperforming the SPDR S&P 500 ETF (NYSE:SPY) and the broader market. The company, backed by Roger Federer, has seen a 25% YTD increase despite a historical 10% drop since going public in 2021. Analysts have mixed views, with Wedbush and Baird raising price targets to $38, while Redburb Atlantic downgraded it to $34. Lupton Capital's CEO predicts On could challenge Nike Inc's (NYSE:NKE) market share.

Portfolio Pulse from Aaron Bry

March 11, 2024 | 4:45 pm

BNED

Barnes & Noble Education's shares dropped following the announcement of a rescheduled Q3 results release and a non-timely 10Q filing.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:41 pm

BLDP

Ballard Power Systems' shares are trading lower following the announcement of mixed Q4 results.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:34 pm

SLRN

Acelyrin's stock price increased following the announcement of positive top-line results from its Phase 2b/3 clinical trial of izokibep in psoriatic arthritis, meeting the primary endpoint of ACR50 at week 16. Additionally, the company shared promising 32-week data from the Phase 2b trial of Izokibep in hidradenitis suppurativa.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:31 pm

AVGO

INTC

NVDA

ON

SMH

Nvidia Corporation (NASDAQ:NVDA) experienced significant volatility, with a dramatic 11.2% swing in its stock price in a single session, ending 5.6% lower. This volatility has raised concerns among investors and analysts about the near-term future of NVDA and the semiconductor industry. Cathie Wood of ARK Investment and Jeff Kilberg of KKM Financial expressed concerns about a potential correction. Other semiconductor stocks and the VanEck Semiconductor ETF (NYSE:SMH) also saw declines, with Broadcom Inc. (NASDAQ:AVGO) dropping 7% after its earnings report.

Portfolio Pulse from Neil Dennis

March 11, 2024 | 4:31 pm

VALE

Market whales have shown a predominantly bearish stance on Vale (NYSE:VALE), with 75% of recent options trades being bearish. The trades indicate a price window of $11.0 to $17.0 for Vale. Significant options trades include both bullish and bearish sentiments, with a notable volume and open interest in options within the $11.0 to $17.0 strike price range. Vale, a leading global miner, is focusing on iron ore, nickel, and copper, planning to separate its base metals and iron ore businesses by 2024. Currently, VALE's stock is down by -2.73%, trading at $12.83, with neutral RSI indicators and an earnings announcement expected in 44 days. Analysts have given an average target price of $18.75 for Vale.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:15 pm

SPY

TLT

The U.S. CPI report for February is highly anticipated as it's the last key inflation data before the Federal Reserve's rate-setting meeting on March 21. January's CPI exceeded expectations, causing market adjustments for rate cut expectations and impacting SPY and TLT negatively. Analysts predict February's CPI to mirror January's 3.1% year-over-year increase, with a slight uptick in monthly inflation but a decrease in core inflation. Energy prices, especially gasoline, are expected to drive headline inflation.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 4:14 pm

VTYX

Ventyx Biosciences' stock price declined following the release of clinical data for its NLRP3 inhibitor portfolio and updates on its pipeline.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:04 pm