Streetbeat News

Products Services

DKNG

Financial analysts have observed a bullish sentiment in DraftKings (NASDAQ:DKNG) options trading, with 62% of traders being bullish. The analysis highlighted unusual trades, with a focus on a price band between $32.0 and $55.0. DraftKings, known for its online sports and casino gambling, is live with online sports betting in 24 states and iGaming in seven states. The company's stock is currently up by 3.24%, with a price of $42.07. Analysts have set an average price target of $52.8 for DKNG, with ratings ranging from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:16 pm

ADI

INTC

MSFT

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) stock rose due to Nvidia's positive quarterly results, indicating a sustained interest in AI. Nvidia reported a significant year-over-year revenue increase and provided an optimistic revenue forecast. Additionally, Analog Devices (ADI) announced a partnership with TSMC for long-term wafer capacity, involving TSMC's subsidiary JASM in Japan. This collaboration aims to enhance ADI's supply capabilities for critical technology. The semiconductor industry also sees movements from Microsoft and Intel in chip manufacturing.

Portfolio Pulse from Anusuya Lahiri

February 22, 2024 | 5:03 pm

SEDG

Mizuho has reaffirmed its Buy rating on SolarEdge Technologies (NASDAQ:SEDG) but reduced its price target from $119.00 to $106.00. Despite this adjustment, the new target suggests a potential upside of 42.97% from the current price of $74.14. SolarEdge Technologies is involved in the design, development, and sale of optimized inverter systems for solar photovoltaic installations, catering to a wide range of solar market segments.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:00 pm

NVDA

Nvidia Corporation (NASDAQ:NVDA) surpassed analysts' revenue and EPS estimates for Q4, driven by strong demand for AI and data center products. Analysts from Goldman Sachs, Oppenheimer, Wedbush, Needham, KeyBanc, JPMorgan, and Bank of America have raised their price targets, citing new product launches, improved supply, and significant opportunities in generative AI and sovereign AI builds. Concerns include supply constraints and competition, but overall sentiment is bullish, with expectations of continued growth, especially in data center and AI applications.

Portfolio Pulse from Chris Katje

February 22, 2024 | 4:50 pm

DOGEUSD

SHIBUSD

Cryptocurrency content creator Jake Gagain predicts Dogecoin (DOGE) will maintain a higher market cap than Shiba Inu (SHIB) in the 2025 bull run, despite Shiba Inu's utility and community support. Gagain highlights Dogecoin's market position, support from Elon Musk, and potential use in peer-to-peer payments on X. Contrarily, a Benzinga poll shows readers more bullish on Shiba Inu. Currently, DOGE and SHIB are trading up by 1% and 0.9% respectively.

Portfolio Pulse from Khyathi Dalal

February 22, 2024 | 4:48 pm

BABA

Alibaba Group Holding's stock (BABA) has shown momentum ahead of China's Spring Festival, despite a year-long downturn. The festival, a significant cultural and economic event, boosts consumer spending and online shopping on Alibaba's platforms. The stock's recent rise is also indicated by an RSI crossover above 50, suggesting building positive momentum.

Portfolio Pulse from Surbhi Jain

February 22, 2024 | 4:39 pm

NVDA

QQQ

SMH

SPY

Market indexes experienced a rise, driven by NVIDIA's surge following its strong earnings report and positive guidance. This uplift in NVIDIA's stock also positively impacted other semiconductor and AI stocks, leading to a broader market rally.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:35 pm

XLK

The Charles Schwab Trader Sentiment Survey indicates a significant increase in optimism among retail traders for Q1 2024, with 53% bullish on the U.S. stock market. This optimism extends to equities and the economy, with a notable shift in investment preferences towards individual stocks, ETFs, and specific sectors like technology, healthcare, and energy. The Technology Select Sector SPDR Fund (XLK) is highlighted as a preferred investment, reflecting the bullish sentiment towards the information technology sector.

Portfolio Pulse from Piero Cingari

February 22, 2024 | 4:30 pm

MOS

Mosaic (MOS) reported during a conference call that adverse weather conditions in Brazil have temporarily slowed demand for their products. However, they are observing early signs of demand recovery and an uptick in potash prices. The company anticipates the fertilizer market to reach or approach peak shipment levels by 2024.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:21 pm

STLA

Stellantis (NYSE:STLA) announced the start of limited production of its medium electric van, Vivaro Electric, at its Luton manufacturing facility in the first half of 2025. This move marks Stellantis' further commitment to electric vehicle (EV) production in the U.K., with Luton becoming its second plant in the country dedicated to EVs. The company's shares rose 3.00% to $26.38 following the announcement.

Portfolio Pulse from Lekha Gupta

February 22, 2024 | 4:20 pm