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U.S. stocks traded lower with the Nasdaq Composite down over 1%. Energy shares rose by 0.6% while health care shares fell by 1.7%. U.S. factory orders increased by 1.4% in February. VivoPower International PLC surged 266% after announcing a merger with Cactus Acquisition Corp. 1 Limited. VirTra, Inc. rose 41% on strong Q4 results. MSP Recovery, Inc. gained 28% after Palantir Technologies reported a 6.5% stake. Acorda Therapeutics, Inc. dropped 76% due to Chapter 11 proceedings. Gritstone bio, Inc. and Verve Therapeutics, Inc. also saw significant declines.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 4:06 pm

CLRO

ClearOne, identified by its ticker symbol CLRO, reported its financial results for the fourth quarter, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:02 pm

DUOT

Duos Technology Group's shares dropped following the announcement of disappointing Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:01 pm

EXP

Eagle Materials (NYSE:EXP) has seen a range of analyst ratings over the last quarter, with recent updates showing a positive trend in price target adjustments. Analysts from firms like Truist Securities, JP Morgan, Citigroup, Raymond James, and Goldman Sachs have raised their price targets for EXP, reflecting optimism about the company's performance and market position. The average 12-month price target for EXP now stands at $262.43, up 16.34% from the previous average, indicating a bullish outlook. Eagle Materials, a producer of construction products and building materials, has demonstrated strong financial health with a notable revenue growth rate, impressive net margin, and exceptional ROE and ROA, despite a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

RBLX

Deep-pocketed investors have shown a bullish sentiment towards Roblox (NYSE:RBLX), with options market activity indicating a focus on a price band between $25.0 and $70.0. Benzinga's tracking revealed 9 significant options activities, with a mix of bullish and bearish sentiments. The trading volume and open interest suggest heightened interest in RBLX's options. Roblox's current market position shows a trading volume of 2,764,176 and a price decrease of -2.48%, with an RSI indicating a neutral position. An earnings announcement is expected in 36 days.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

CMG

Financial analysis reveals a bullish sentiment among big money traders on Chipotle Mexican Grill (NYSE:CMG), with a mix of call and put options indicating a projected price target range of $2800 to $3200. The company, a leading fast-casual chain in the U.S., is currently trading at $2881.43, with an anticipated earnings release in 22 days. Analysts have set an average price target of $3150, with individual targets ranging from $2850 to $3300.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

BABA

Alibaba Gr Holding (NYSE:BABA) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. The activity includes 50 uncommon trades, with 22 puts and 28 calls, indicating a price window from $60.0 to $220.0. The largest trades observed show a mix of sentiments with varying expiration dates and strike prices. Alibaba, a major online and mobile commerce company, has a current stock price of $72.6, down by -1.05%, with an RSI indicating it may be approaching overbought. An earnings announcement is expected in 44 days, and an analyst from Mizuho maintains a Buy rating with a target price of $95.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

SPGI

S&P Global (NYSE:SPGI) has received consistently 'Somewhat Bullish' ratings from 5 analysts over the past quarter, with a notable increase in the average 12-month price target to $483.0 from $451.0, indicating a positive outlook. The company's financial performance shows a strong market presence and revenue growth, but challenges in profitability and asset utilization. Analysts from firms like Oppenheimer, BMO Capital, RBC Capital, and Raymond James have maintained or raised their 'Outperform' ratings, reflecting optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:00 pm

MGOL

MGO Global's stock is trading lower following the announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:55 pm

TSLA

Tesla Inc's Q1 production and delivery numbers have disappointed analysts, marking the first year-over-year decline in deliveries since 2020. Factors contributing to the decline include the production ramp of the updated Model 3, factory shutdowns due to the Red Sea conflict, and an arson attack at its German gigafactory. Analysts describe the quarter as a disaster, with particular concern over sales in China and margin compression. Despite the negative short-term outlook, some analysts remain bullish on Tesla's long-term prospects.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 3:54 pm