Streetbeat News

Stock Prices

SIX

Six Flags Entertainment (NYSE:SIX) reported a 6% decline in Q1 FY24 sales to $133.291 million, missing analyst estimates. Despite a 6% increase in attendance, revenue fell due to a $12 million reduction in membership-related revenue. Adjusted EBITDA dropped 53% to $(26) million, and EPS was $0.98, below the $0.92 estimate. The company has $60.7 million in cash and equivalents, with net cash used by operating activities at $(30.5) million. CEO Selim Bassoul remains optimistic about the summer season with new attractions planned.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 1:56 pm

LPSN

LivePerson shares are trading lower following the release of their Q1 earnings, indicating a negative market reaction to the financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:54 pm

BTCUSD

Crypto trader Altcoin Sherpa warns of mid-term bearish cases for Bitcoin, citing a rounded top formation, extended consolidation period, and different market structure compared to 2020. Despite potential drops to the $40,000-$50,000 range leading to significant market impacts, he remains bullish on Bitcoin's long-term prospects, suggesting a possible mania phase in Q4 2024. Factors like ETF inflows, macro conditions, and U.S. elections could influence market dynamics differently this cycle.

Portfolio Pulse from Khyathi Dalal

May 09, 2024 | 1:52 pm

EMR

Emerson Electric's stock price increased following positive analyst actions, including a rating upgrade to Buy by Deutsche Bank and raised price targets. This comes after the company reported better-than-expected Q2 earnings and improved its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:52 pm

BOH

FFWM

PACW

WAL

The article discusses the strategy of betting against regional banks now that the Federal Reserve's Bank Term Funding Program (BTFP) has expired and rate cuts are delayed due to persistent inflation. The author previously made profits betting against Bank of Hawaii Corporation (BOH) and First Foundation, Inc. (FFWM), and added bearish positions on PacWest Bancorp (PACW) and Western Alliance Bancorporation (WAL). The strategy involves using a screening process to identify weak banks for potential shorting opportunities.

Portfolio Pulse from David Pinsen

May 09, 2024 | 1:48 pm

CDLX

CPOP

EMBC

EMKR

SEZL

TIVC

U.S. stocks showed mixed performance with the Dow Jones slightly down and NASDAQ up. Jobless claims rose unexpectedly, affecting market sentiment. Pop Culture Group, Sezzle Inc., and Embecta Corp. saw significant stock price increases following positive financial reports, while Tivic Health Systems, EMCORE Corporation, and Cardlytics faced declines after disappointing financial updates or guidance. The real estate sector led gains, while financial shares dropped.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 1:47 pm

INTC

Significant bearish options activity has been detected in Intel (NASDAQ:INTC), with a notable imbalance towards puts over calls among large investors. This unusual activity suggests a bearish sentiment towards Intel's stock, targeting a price range from $30.0 to $60.0. Despite this, Intel remains a leader in the microprocessor market, with recent stock performance showing a slight decline. Analyst opinions on Intel are mixed, with target prices ranging from $30 to $40, indicating a cautious outlook on the stock's future performance.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:47 pm

NVDA

Big money investors have shown a bearish stance on NVIDIA (NASDAQ:NVDA), with unusual options activity indicating a split sentiment: 35% bullish and 47% bearish. A total of 174 uncommon options trades were detected, with puts totaling $3,607,618 and calls $8,191,209. The price target range based on this activity is between $695 and $1030 over the next three months. Significant options trades include both bearish and bullish positions, with notable trades aiming for strike prices between $850 and $900. NVIDIA's current market status shows a slight increase in stock price to $907.42, with an RSI indicating it may be approaching overbought territory. Earnings are expected in 13 days, and market experts have issued a consensus target price of $1127.5 for NVIDIA.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:47 pm

MSTR

Deep-pocketed investors show a bearish sentiment towards MicroStrategy (NASDAQ:MSTR), with options trading data revealing a mix of bullish and bearish positions. The trading focuses on a price range between $170.0 and $1870.0. The largest trades include both calls and puts with varying sentiments and strike prices. MicroStrategy, a provider of enterprise analytics and mobility software, has seen its stock price slightly decrease by -0.32%, with a current price of $1229.19. Analysts have mixed views, with target prices ranging from $1590 to $1875.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 1:47 pm

EWU

RBLX

SPY

US initial jobless claims were higher than expected, indicating potential labor market weaknesses. The Bank of England decided to leave interest rates unchanged, impacting UK economic outlook. Roblox's stock (RBLX) plummeted by 20% due to softer guidance than anticipated, signaling potential concerns for investors about the company's future revenue and growth prospects.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 1:46 pm