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MSFT

Microsoft Corp. (NASDAQ:MSFT) is prioritizing security over new features in response to recent high-profile attacks, as directed by CEO Satya Nadella. The company's Secure Future Initiative will focus on being secure by design, default, and operations, emphasizing the protection of identities, networks, and accelerating threat response. Nadella's memo to employees highlights the importance of security, even over releasing new features or supporting legacy systems, and ties senior leadership compensation to security goals.

Portfolio Pulse from Franca Quarneti

May 03, 2024 | 8:34 pm

FATE

Fate Therapeutics, Inc. announced the presentation of preclinical data for its FT522 program at the ASGCT Annual Meeting. FT522, a CD19-targeted CAR NK cell product, incorporates ADR technology to enhance potency and eliminate the need for conditioning chemotherapy in autoimmune disease treatment. The data, indicating rapid B-cell depletion and elimination of alloreactive host immune cells in SLE, suggests potential therapeutic benefits for autoimmune patients.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 8:31 pm

CCOEY

Resident Evil 9 is reportedly in development with a targeted release date of January 2025, according to a reliable source within the Resident Evil community, Dusk Golem. The game has been in development for seven years. The franchise remains Capcom ADR's (OTC:CCOEY) top-selling series, with the recent Resident Evil 4 Remake achieving significant commercial success, selling over seven million units. Overall, the Resident Evil series has sold more than 154 million copies since its inception.

Portfolio Pulse from Franca Quarneti

May 03, 2024 | 8:19 pm

AAPL

BTCUSD

TSLA

The stock market responded positively as Fed Chair Jerome Powell indicated no immediate interest rate hikes, aiming for a 2% inflation target. The labor market showed signs of cooling in April, with a slowdown in job creation and a rise in unemployment. Apple Inc. announced a record $110-billion stock buyback, while nearly 80% of S&P 500 companies reporting so far have exceeded earnings expectations. Goldman Sachs cautioned investors about Tesla Inc.'s self-driving technology, and Treasury Secretary Janet Yellen discussed challenges for first-time homebuyers. Robert Kiyosaki expressed confidence in Bitcoin amidst market downturns.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 8:15 pm

PTON

Benzinga's options scanner revealed significant options trading activity on Peloton Interactive (NASDAQ:PTON), with over 9 call transactions totaling $394,041 and 7 puts worth $297,150. Market trends indicate a focus on a price range between $3.0 and $8.0 for PTON. The largest options trades include bullish sentiments for both calls and puts, with expiration dates ranging from 2024 to 2025. Peloton, known for its interactive fitness platform, has seen its stock price increase by 9.42% to $3.42, with a neutral RSI indicator. The company's earnings announcement is expected in 110 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 8:15 pm

PENN

PENN Entertainment reported Q1 results below analysts' estimates, with the Interactive segment, particularly ESPN Bet, impacting results negatively. Analysts have mixed views, with some lowering price targets and others seeing potential for improvement, especially with the upcoming NFL season and product development efforts. The company's retail segment remains strong, but concerns about the Interactive segment's performance and high leverage are notable.

Portfolio Pulse from Chris Katje

May 03, 2024 | 8:12 pm

CELH

Celsius Holdings (NASDAQ:CELH) has seen significant options activity, indicating mixed sentiment among high-rolling investors, with 25% bullish and 50% bearish. The activity includes 8 trades, with a notable put for $70,461 and 7 calls totaling $516,917, suggesting a price range of $55.0 to $100.0. Celsius Holdings, known for its energy drinks, has a 20-year distribution agreement with PepsiCo. The stock is currently up 2.48% at $76.22, with neutral RSI indicators and upcoming earnings in 4 days. Analyst ratings from Stifel and Wedbush give an average target price of $92.5.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 7:16 pm

ETSY

Financial analysis reveals a bullish sentiment in Etsy's options trading, with 61% of traders showing bullish tendencies. Significant investors target a price range of $40.0 to $100.0 for Etsy in the next three months. The analysis of options activity, including both calls and puts, provides insights into market sentiment and potential price movements. Etsy, a leading e-commerce marketplace, has shown a 1.27% increase in stock price, reaching $59.99, with an RSI indicating a potential oversold condition. Analyst ratings from firms like Oppenheimer, Guggenheim, Citigroup, Truist Securities, and B. Riley Securities offer varied price targets, with an average target price of $76.0.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:31 pm

AEON

HSY

OMI

SGBX

SPT

TNDM

UPLD

U.S. stocks saw significant gains with the S&P 500 rising over 1%, led by a strong performance in the information technology sector. Hershey Company reported better-than-expected earnings, boosting its stock. Meanwhile, Safe & Green Holdings, Upland Software, and Tandem Diabetes Care saw substantial increases in their share prices following positive financial results. Conversely, AEON Biopharma, Sprout Social, and Owens & Minor experienced sharp declines due to disappointing financial outcomes or trial results.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 6:30 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) burn rate has surged 800%, with millions of coins burned, driving positive market sentiment and a 4.5% price increase. Kraken Pro listed SHIB for new margin pairs, amid broader interest in meme coins and their market impact. The SHIB community's commitment is highlighted by the holding of 733.6 trillion SHIB coins across 653,530 addresses, remaining profitable despite price fluctuations.

Portfolio Pulse from Khyathi Dalal

May 03, 2024 | 6:20 pm