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ALK

BA

DAL

HA

UAL

Alaska Air Group, Inc. (ALK) is set to report Q1 earnings with analysts expecting a revenue of $2.19 billion and a loss of $1.05 per share. The report will also address safety concerns with Boeing (BA) planes, the impact of a merger with Hawaiian Holdings (HA), and a recent system upgrade issue. Alaska Air previously anticipated a $150 million negative impact from grounding Boeing planes. The merger is under antitrust review, with a lawsuit filed alleging it could harm competition. Delta Air Lines (DAL) and United Airlines Holdings (UAL) reported better-than-expected results, potentially influencing ALK's performance.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:29 pm

AMZN

GOOG

GOOGL

META

RUM

SNAP

A bill that could lead to the divestment or ban of TikTok is rapidly advancing through Congress, causing concern among traders and potentially impacting related tech companies.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:28 pm

ZUO

Zuora shares resumed trading after a temporary halt due to a circuit breaker trigger. The halt was implemented to manage volatility in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:24 pm

BTCUSD

Anthony Pompliano of Pomp Investments predicts Bitcoin will reach $100,000 within 12 to 18 months, citing its resilience and growing adoption, including Bitcoin ETFs. Despite recent market fluctuations and geopolitical tensions, Pompliano sees a limited downside risk, with Bitcoin's price firmly capped at $50,000. Contrarily, Peter Schiff warns of a potential Bitcoin crash due to Wall Street's expected selling.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 5:22 pm

DJT

Trump Media & Technology Group's (NASDAQ:DJT) stock has significantly dropped, reducing Donald Trump's net worth below $4 billion. After going public in late March with a high opening share price, DJT's value has since fallen, with Trump's stake now valued at $1.88 billion. This decline has impacted Trump's ranking among the world's richest, removing him from the Bloomberg Billionaires Index. The company's future share volatility may be influenced by Trump's potential share sales after a six-month lockup period and ongoing legal challenges.

Portfolio Pulse from Chris Katje

April 17, 2024 | 5:18 pm

DIA

IWM

QQQ

QQQM

SPY

Major stock indexes have declined due to underperformance in technology and freight sectors, influenced by recent earnings reports.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:16 pm

ACN

Recent options market activity indicates a bearish sentiment towards Accenture (NYSE:ACN), with a notable volume of trades suggesting expectations for the stock's price to range between $310.0 and $330.0. Analysis of the largest trades reveals a mix of bullish, bearish, and neutral positions. Accenture, a global IT-services firm, has seen its stock price slightly decrease to $313.89. Analysts have varied opinions, with a consensus target price of $400.6, but recent adjustments include a downgrade by Mizuho to Buy with a target of $398.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:16 pm

SNPS

Investors have shown a bearish stance on Synopsys (NASDAQ:SNPS), with options trading indicating a split sentiment of 42% bullish and 57% bearish. Uncommon options trades were spotted, with a focus on a price band between $540.0 and $720.0. Synopsys's current market position shows a trading volume of 449,237, a price decrease of -1.25%, and an RSI indicating potential oversold status. Analyst ratings in the last 30 days have set an average price target of $646.67, with slight downgrades from Piper Sandler, Needham, and Rosenblatt.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:16 pm

MSTR

MicroStrategy shares are trading lower due to a decrease in the price of Bitcoin, reflecting the company's significant investment in the cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:15 pm