Streetbeat News

Stock Prices

ULTA

Goldman Sachs analyst Kate McShane maintained a Neutral rating on Ulta Beauty Inc (NASDAQ:ULTA) but lowered the price target from $607 to $605, citing slowing trends in the beauty industry and challenges in maintaining market share in the prestige segment. The analyst observed flat sales growth, consistent transaction values, and a slight decrease in mass segment sales. Despite ULTA's strong loyalty program, the company faces tough comparisons and a potential slowdown in the beauty industry, leading to lowered estimates for Q1 comp growth, FY24 comp growth, EBIT margin, and EPS.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 5:37 pm

ASPS

LUXH

LuxUrban Hotels Inc. and Altisource Portfolio Solutions S.A. are highlighted as the top 2 oversold real estate stocks, presenting a buying opportunity. LuxUrban's preliminary Q4 revenue was below estimates, but it saw significant growth in its portfolio and financials, while Altisource reported a narrower-than-expected quarterly loss and is strengthening its financial position despite market challenges.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:37 pm

AMZN

BABA

CPS

DNUT

HAS

PDD

PLCE

RIVN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include TSLA, JD, BABA, HAS, PDD, RIVN, PLCE, DNUT, CPS, and AMZN, with various bullish and bearish sentiments expressed through call and put options across different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

AMRK

AXP

BAC

COIN

FOUR

HOOD

SOFI

WFC

Today's session highlighted significant options activity in the Financials sector, with notable trades in stocks like NU, FOUR, WFC, AMRK, BAC, BX, COIN, HOOD, AXP, and SOFI. The activity ranged from bullish to bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

AAPL

AMD

APP

MRVL

MSTR

NVDA

SMCI

TSM

Today's whale activity in the Information Technology sector highlighted unusual options trading for several companies, including AMD, NVDA, TSM, MU, MRVL, APP, AAPL, SMCI, MSTR, and AI. The trades varied in sentiment, with some bullish and others bearish, and involved significant total trade prices. This activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

Financial analysts have observed a predominantly bearish sentiment towards Citigroup (NYSE:C) based on recent options trading activity. A detailed analysis revealed 84% of trades were bearish, with significant put volume indicating expectations for Citigroup's stock to fluctuate between $55.0 and $70.0 in the short term. Despite this, analysts from Wells Fargo, Goldman Sachs, Keefe, Bruyette & Woods, and HSBC have varying optimistic price targets for Citigroup, with the highest being $80. The company's next earnings report is due in 4 days, potentially influencing its stock price.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

ALB

Deep-pocketed investors have shown a bullish sentiment towards Albemarle (NYSE:ALB), with options trading data from Benzinga indicating a significant interest in the stock. The analysis of options activities reveals a majority bullish outlook with a price target window of $90.0 to $135.0. Currently, ALB's stock price has increased by 6.76%, trading at $131.8. Professional analysts have mixed views, with an average price target of $121.5. The company is a leading lithium producer, vital for electric vehicle batteries.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:31 pm

JNJ

SWAV

Johnson & Johnson (NYSE:JNJ) has agreed to acquire Shockwave Medical Inc (NASDAQ:SWAV) for $335 per share, totaling an enterprise value of approximately $13.1 billion. This acquisition is part of Johnson & Johnson's strategy to enhance its MedTech division, focusing on cardiovascular intervention and moving into higher-growth markets. Goldman Sachs highlighted this move as strategic, aiming to revamp the MedTech division's growth. The acquisition is expected to contribute significantly to Johnson & Johnson's growth, with a projected MedTech business growth rate of 5.1% from 2024 to 2030.

Portfolio Pulse from Vandana Singh

April 08, 2024 | 5:27 pm

BHP

RIO

VALE

Shares of iron ore-related companies, including BHP, RIO, and VALE, are trading higher due to strength in iron ore futures and anticipation of improved Chinese demand.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 5:27 pm

PANW

Palo Alto Networks (PANW) shares are experiencing increased trading volume as traders share positive commentary about the stock.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 5:24 pm