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Stock Prices

MTH

Wedbush analyst Jay McCanless downgraded Meritage Homes (MTH) from Neutral to Underperform and reduced the price target from $155 to $148, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:34 pm

BLK

IVV

SPY

STT

VOO

Federal regulators are scrutinizing BlackRock Inc (BLK), State Street Corp (STT), and Vanguard for their large holdings in U.S. banks, which exceed 10% of shares in several cases. This level of ownership is considered a controlling interest, raising concerns at the FDIC about potential undue influence over banks. The fund managers, known for their passive investment strategies, are under investigation to ensure they do not leverage their significant stakes to exert control over FDIC-regulated banks. BlackRock, Vanguard, and State Street manage major ETFs tracking the S&P 500 and hold significant positions in major banks like JPMorgan Chase, Bank of America, and Wells Fargo.

Portfolio Pulse from Neil Dennis

April 02, 2024 | 3:33 pm

LGIH

Wedbush analyst Jay McCanless downgraded LGI Homes (NASDAQ:LGIH) from Neutral to Underperform and reduced the price target from $88 to $74, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:33 pm

TM

Toyota Motor North America (TMNA) reported a significant increase in U.S. sales for March 2024, with a total of 214,894 vehicles sold, marking a 21.8% increase YoY. Electrified vehicles played a major role, comprising 36.4% of total sales with 78,157 units sold. The first quarter showed a similar trend, with electrified vehicle sales surging 74% and representing 36.6% of the total 565,098 vehicles sold. Toyota and Lexus brands are expanding their electrified offerings, planning to launch over 20 new or refreshed vehicles, including hybrid versions of the Tacoma, Land Cruiser, and Camry.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:32 pm

ELF

Deep-pocketed investors have shown a bullish sentiment towards e.l.f. Beauty (NYSE:ELF), with options activity suggesting a target price range of $165 to $230. The company's stock is currently down by -3.53%, trading at $185.2. Analyst ratings are generally positive, with a consensus target price of $222.5. The largest options trades indicate a bullish outlook, with significant investments in calls. e.l.f. Beauty's anticipated earnings release is in 50 days, and current RSI readings hint at a potential oversold condition.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:31 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen unusual options activity, with a bearish sentiment prevailing among big-money traders. Benzinga's options scanner revealed 64 uncommon trades, with a split sentiment of 34% bullish and 65% bearish. The trades target a price range of $65.0 to $300.0 for AMD over the next 3 months. The company, known for its CPUs and GPUs, recently acquired FPGA leader Xilinx. AMD's stock is currently down by -3.83%, with a trading volume of 26,012,581 and a neutral RSI. Analyst ratings in the last month have varied, with an average target price of $225.0.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:31 pm

WPM

Wheaton Precious Metals (NYSE:WPM) has delivered an average annual return of 15.28% over the past 5 years, outperforming the market by 2.9% annually. With a current market capitalization of $22.00 billion, an initial investment of $100 in WPM 5 years ago would be worth $207.17 today.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:30 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has outperformed the market with an annualized return of 16.54%, turning a $100 investment into $217.59. Target's market capitalization stands at $81.31 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:30 pm

AFRM

Affirm shares are trading lower due to overall market weakness and rising Treasury yields.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:29 pm

ACB

CGC

IGC

IMCC

SNDL

Cannabis stocks, including ACB, CGC, IGC, IMCC, and SNDL, are trading higher following Florida's Supreme Court approval of a cannabis legalization proposal for the November election and the recent legalization of cannabis possession in Germany.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:28 pm