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Stock Prices

AIG

CRBG

AIG sold 120 million shares of Corebridge Financial to Nippon Life for $3.8 billion, reducing its stake to 9.9%. The deal aligns with AIG's strategy to reduce its life and retirement business stake. AIG shares rose by 0.89% and Corebridge shares by 10.44% following the announcement.

Portfolio Pulse from Akanksha Bakshi

May 16, 2024 | 2:18 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 16th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each stock, offering potential bullish and bearish targets. The memo also highlights important economic data releases and Fed speeches scheduled for the day, which could impact market volatility.

Portfolio Pulse from RIPS

May 16, 2024 | 2:18 pm

VRT

The article discusses the recent options trading activity for Vertiv Holdings (NYSE: VRT), highlighting a bearish sentiment among large investors. It details the volume and open interest of options, the predicted price range, and expert ratings on the stock.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 2:16 pm

TSM

Market whales have taken a bullish stance on Taiwan Semiconductor (NYSE:TSM), with 21 options trades spotted by Benzinga's scanner. The sentiment is split with 47% bullish and 38% bearish. The major market movers are focusing on a price band between $100.0 and $165.0. Trading volume stands at 1,965,632, with TSM's price down by -0.73%, positioned at $154.45. Analysts have mixed ratings with a consensus target price of $159.0.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 2:16 pm

TTD

Wealthy investors are showing a strong interest in Trade Desk (NASDAQ:TTD) with significant options trades detected. The sentiment is split between bullish and bearish, with a notable volume of calls and puts. Analysts have set an average price target of $106.2, with the stock currently trading at $94.55.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 2:16 pm

SPY

Federal Reserve's Barkin stated that the inflation story is a long-term issue, extending beyond short-term market movements.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:14 pm

SPY

Federal Reserve's Barkin stated that the key question now is how long interest rates need to be maintained at their current levels to achieve the desired impact on inflation.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:13 pm

SPY

Federal Reserve's Barkin stated that he believes inflation is decreasing but will take more time to reach desired levels.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:11 pm

SPY

Fed's Barkin suggests that demand needs to decrease for inflation to return to target levels. He notes that the labor market is normalizing, with jobless claims still low by historic standards but potentially increasing.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:10 pm

AMZN

BABA

MSFT

Citron Research has posted on X that Alibaba ($BABA) is gaining momentum and is expected to surpass $100. The company is poised to emulate the success of Amazon ($AMZN) and Microsoft ($MSFT) in China, with significant AI cloud prospects and strategic investments. Qwen is leading China's LLM efforts.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 2:09 pm