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SXTC

China SXT Pharmaceuticals (SXTC) shares surged after a notable trader, Zack Morris, mentioned the stock in a post on X, leading to increased investor interest.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:45 pm

DKNG

Goldman Sachs analyst Ben Miller initiated coverage on DraftKings Inc (NASDAQ:DKNG) with a Buy rating and a $60 price target, citing strong unit economics, growing profitability, and a growing total addressable market in the sports betting sector. Miller expects DraftKings to see compounded annual revenue growth of 21% from 2023 to 2028, with potential upside to Street revenue and EBITDA targets. DraftKings shares have risen 65% over the last nine months but still trade below their historical average and peers in terms of growth adjusted revenue multiple.

Portfolio Pulse from Chris Katje

April 16, 2024 | 2:44 pm

SE

Sea Limited's shares are trading higher following a note from JP Morgan indicating that TikTok's decision to raise commissions in Indonesia could benefit Shopee Indonesia, a part of Sea Limited, by allowing it to increase its take-rates.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:41 pm

BARK

SHOP

BARK, Inc. (NYSE:BARK) is expanding its relationship with Shopify Inc. (NYSE:SHOP) to migrate its direct-to-consumer (DTC) businesses, including barkbox.com and superchewer.com, to its Shopify platform, BARK.co, in FY25. This move aims to enhance customer experience, support growth, and improve operational efficiencies. BARK anticipates improvements in traffic, conversion, average order value, and retention as a result. However, BARK shares dropped 3.2% to $1.09 following the announcement.

Portfolio Pulse from Shivani Kumaresan

April 16, 2024 | 2:38 pm

MSOS

MSOX

YOLO

At Benzinga's Cannabis Capital Conference, Equity Research Consumer & Cannabis Managing Director, Aaron Grey, highlighted a valuation disconnect between public and private markets in the cannabis sector, noting that public market valuations are moving faster.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:36 pm

MSOS

MSOX

YOLO

At Benzinga's Cannabis Capital Conference, Tahira Rehmatullah from Highlands Ventures expressed a preference for the private sector over public companies in the cannabis industry, citing the complexity of running a public company as akin to managing two separate entities. She also noted that many companies are not adequately prepared for the public market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:34 pm

SXTC

China SXT Pharmaceuticals (SXTC) shares are trading higher after being mentioned by popular meme stock trader Zack Morris in a post, causing increased attention from traders.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 2:31 pm

CAT

Recent options trading activity indicates a bearish sentiment towards Caterpillar (NYSE:CAT) among deep-pocketed investors, with a notable division in market sentiment (44% bullish, 55% bearish). The trading focuses on a price band between $200.0 and $410.0. The largest trades include both calls and puts with varying sentiments and strike prices. Caterpillar, a leading manufacturer of heavy equipment, has seen its stock price slightly decrease by -0.77%, with an RSI indicating it may be approaching overbought territory. Analysts from JP Morgan and Goldman Sachs maintain positive ratings on CAT, with target prices of $435 and $408, respectively.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:31 pm

AVGO

Recent options trading trends for Broadcom (NASDAQ:AVGO) show a bearish sentiment among financial giants, with 60% of trades indicating a bearish outlook. The trading activity suggests a price range target of $720.0 to $1560.0 for Broadcom over the next three months. The largest trades observed include both bullish and bearish calls with varying strike prices and sentiments. Broadcom, a major player in the semiconductor and software industries, has seen its stock price slightly increase by 0.56%, with a current price of $1318.0. Market experts have issued ratings with a consensus target price of $1568.0, despite the mixed sentiment in options trading.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:31 pm

PRI

Primerica (NYSE:PRI) has delivered an average annual return of 16.34% over the past 10 years, outperforming the market by 5.95%. A $1000 investment in PRI a decade ago would now be worth $4,586.59, showcasing the impact of compounded returns on investment growth. Primerica's current market capitalization stands at $7.39 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:30 pm