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Mastercard Inc. (NYSE:MA) launched a mobile virtual card application to enhance contactless payments, featuring advanced security and digital innovations. The app supports cards from multiple issuers and is first adopted by HSBC Australia and Westpac for their corporate customers. Analyst David Koning from Baird maintained an Outperform rating on Mastercard, raising the price target from $525 to $545, citing expected revenue and EPS above consensus for the first quarter. Koning predicts revenues of $6.44 billion and EPS of $3.31-3.33, attributing growth to stable transaction processing and underestimated cross-border revenues.

Portfolio Pulse from Anusuya Lahiri

April 19, 2024 | 3:35 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) surpassed Q1 estimates with revenue of $9.37 billion and net income of $2.33 billion, adding 9.3 million subscribers. Despite strong results, shares fell due to lower-than-expected Q2 revenue guidance. Netflix plans to shift focus from subscriber growth to financial metrics and customer engagement. Walt Disney Company (NYSE:DIS) is still trailing in the streaming wars, with Netflix being acknowledged as the industry leader.

Portfolio Pulse from Upwallstreet

April 19, 2024 | 3:28 pm

UAL

United Airlines has announced the cancellation of its daily flight from Newark to Tel Aviv until May 2, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:28 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Stock futures dipped on news of an Israeli attack on Iran but were aggressively bought by the momo crowd, indicating net demand. Oil initially rallied but then lost its gains. New York Fed President John Williams hinted at potential rate hikes if needed, contrary to earlier momo guru predictions of rate cuts. Tesla Inc fell below $150 in premarket trading, down significantly year-to-date. Early trade money flows were positive for Meta Platforms Inc and SPDR S&P 500 ETF Trust, neutral for Apple Inc and Microsoft Corp, and negative for Amazon.com Inc, Alphabet Inc, NVIDIA Corp, and Tesla Inc. Gold and oil saw mixed actions from the momo crowd and smart money.

Portfolio Pulse from The Arora Report

April 19, 2024 | 3:23 pm

ALVO

Alvotech's stock price increased following the announcement of an agreement to broaden the availability of its Humira biosimilar, Adalimumab-ryvk, in the US market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:57 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing for a critical Q1 earnings call on April 23, following recent layoffs and share price declines. Wedbush analyst Dan Ives, maintaining an Outperform rating and a $300 price target, highlights the importance of this earnings call for Tesla and CEO Elon Musk. Ives points out challenges such as demand erosion in China and debates over product priorities, emphasizing the need for a clear strategy to address negative growth trends, the 2024 outlook, the Model 2 update, and AI initiatives. Tesla's stock has fallen 39.7% year-to-date, with shares trading at $150.46.

Portfolio Pulse from Chris Katje

April 19, 2024 | 2:55 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS) are at the forefront of the streaming industry battle, with Netflix achieving significant subscriber growth and Disney focusing on cost reduction and profitability. The streaming market is expected to grow substantially, with Netflix showing a stronger stock performance over the past year compared to Disney. Both companies face challenges but maintain a Buy rating from analysts, with Disney having a higher upside potential according to consensus price targets.

Portfolio Pulse from Surbhi Jain

April 19, 2024 | 2:38 pm

DKNG

Investors and traders have shown increased interest in DraftKings (NASDAQ:DKNG), with a notable uptick in options trading activity. Benzinga's options scanner revealed 8 significant trades, indicating a mixed sentiment with 62% bullish and 38% bearish positions. The trades suggest a target price range of $23.0 to $45.0 for DKNG. Analysts have recently issued ratings for DraftKings, with a consensus target price of $54.2, reflecting a positive outlook on the stock. DraftKings is currently live with online sports betting in 24 states and iGaming in seven, holding a strong market position.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:18 pm

JNJ

KVUE

The WHO is set to issue a global alert about contaminated Johnson & Johnson children's cough syrup, with tainted batches found in Nigeria. The issue traces back to a batch from South Africa, now under Kenvue Inc's purview after a spin-off. Despite the recall in six African countries, no adverse effects have been reported. Investigations are ongoing, with a focus on raw material sources and potential counterfeits. JNJ shares slightly rose by 0.35%.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 2:17 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has seen unusual options activity, indicating deep-pocketed investors' divided sentiment, with 54% bullish and 45% bearish. The activity spans a price band between $910 and $3800. Notable trades include bullish and bearish positions with significant total trade prices. MicroStrategy, a provider of enterprise analytics and mobility software, has its stock price up 3.38% at $1249.0. Analysts have set an average price target of $1828.33, with ratings ranging from Buy to Hold. The next earnings are expected in 10 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:04 pm