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GE

GE Aerospace's stock is trading higher after the completion of the GE Vernova spin-off, with multiple analysts maintaining bullish ratings on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:32 pm

HDB

HDFC Bank's shares are trading higher following a report that the bank's deposits grew by 7.5% in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:32 pm

GPS

RSPD

SMRI

TPR

Tapestry, Inc. (NYSE:TPR) shares fell after its subsidiary Coach filed a trademark infringement lawsuit against The Gap, Inc. (NYSE:GPS) for selling T-shirts with the word 'Coach'. Coach claims this causes confusion and 'irreparable harm' to its luxury brand image, seeking damages and the destruction of unsold infringing inventory. Investors can also engage with Tapestry through ETFs like Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RSPD) and Bushido Capital US Equity ETF (NASDAQ:SMRI).

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 3:31 pm

ALB

Over the past 20 years, Albemarle (NYSE:ALB) has produced an average annual return of 11.51%, outperforming the market by 3.56% on an annualized basis. A $100 investment in ALB 20 years ago would be worth $866.53 today. The company currently has a market capitalization of $15.33 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:31 pm

ADSK

Financial analysts have observed a bullish trend in Autodesk's (NASDAQ:ADSK) options trading, with 69% of trades being bullish. The focus is on a price range of $220 to $290. The largest trades were bullish calls with expiration in January 2025, aiming for a strike price of $270. Autodesk's stock is currently at $248.88, with a neutral RSI and its next earnings report in 49 days. Analysts from Argus Research and RBC Capital have set target prices at $300 and $320, respectively.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:31 pm

BKNG

IVZ

LYV

Billionaire investor Steve Cohen predicts the four-day work week will become mainstream due to AI advancements, advising investors to focus on travel and leisure sectors. He mentioned his investment in TGL and suggested that increased leisure time could benefit sectors like golf. However, he noted that not all sectors, such as his traders, would adopt a shorter work week. Invesco's PowerShares Dynamic Leisure and Entertainment ETF (IVZ), with holdings in Live Nation Entertainment (LYV) and Booking Holdings (BKNG), was highlighted as a way to gain exposure to these trends.

Portfolio Pulse from Erica Kollmann

April 04, 2024 | 3:28 pm

SMPL

Simply Good Foods Company (NASDAQ:SMPL) reported mixed Q2 results with earnings per share of $0.40, beating analyst expectations of $0.38, but missing revenue forecasts with $312.199 million against an expected $316.885 million. Sales grew 5.3% year over year, and adjusted EBITDA increased to $57.8 million from $50.9 million. The company is working on the Atkins revitalization plan for fiscal 2025 and is launching Atkins Strong, a protein shake for weight-loss drug users. FY24 sales are expected to grow around 4%-6%, with adjusted EBITDA increasing 6%-8%. SMPL shares dropped 0.66% to $32.38.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:16 pm

PLAY

Dave & Buster's Entertainment (PLAY) shares are trading lower following a downgrade by Piper Sandler from Overweight to Neutral, despite an increase in the price target from $50 to $71.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:15 pm

RPRX

Royalty Pharma's (NYSE:RPRX) short interest has decreased by 3.91% since the last report, with 12.65 million shares sold short, representing 2.95% of its float. This decrease in short interest could indicate a more bullish sentiment towards RPRX among traders. Compared to its peers, RPRX has a lower short interest percentage of float, with the average being 3.99%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:15 pm

CPRT

Copart's (NYSE:CPRT) short interest has increased by 55.96% since the last report, with 13.18 million shares sold short, representing 1.7% of its float. This indicates a bearish market sentiment towards CPRT, although it has less short interest compared to its peers' average of 4.14%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:15 pm