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Stock Prices

GLD

IWM

SPY

Fed Chair Jerome Powell announced the Federal Reserve's decision to delay interest rate cuts until there is greater confidence in reaching the 2% inflation target, citing recent data showing stalled progress on inflation. This announcement led to a spike in 2-year Treasury yields to 5%, the highest in six months, and affected stock and gold prices. The SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM) experienced declines, while the SPDR Gold Trust (GLD) remained steady.

Portfolio Pulse from Piero Cingari

April 16, 2024 | 6:19 pm

BNED

CLDI

SKIL

WISA

Skillsoft Corp. shares fell by 26.7% after reporting mixed Q4 results and lower-than-expected FY25 revenue guidance. Other stocks moved significantly in Tuesday's session, with notable gainers including WiSA Technologies and Palisade Bio, and losers like Barnes & Noble Education and Calidi Biotherapeutics.

Portfolio Pulse from Avi Kapoor

April 16, 2024 | 6:17 pm

ISRG

Deep-pocketed investors have shown a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG), with a significant move in options trading. Benzinga's tracking revealed 24 unusual options activities, with a bearish majority. The targeted price range for ISRG is between $300.0 and $430.0. Notable options activity includes both bullish and bearish sentiments, with a mix of puts and calls. Intuitive Surgical's current market status shows a slight price increase and a neutral RSI, with earnings expected in 2 days. Analysts from Stifel and Citigroup maintain Buy ratings with target prices of $430 and $462, respectively.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:16 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has seen significant options trading activity, with a bullish sentiment from investors. Analysis of 10 trades shows 60% bullish and 40% bearish expectations. The trades consist of 7 puts and 3 calls, targeting a price range of $3.5 to $40.0. The company, a Bitcoin mining entity, has experienced a 5.6% decrease in stock price to $8.09, potentially indicating an oversold condition. Analysts have given mixed ratings with an average target price of $17.9.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:16 pm

AMD

AOTG

INTC

META

NVDA

SOXQ

TSM

Advanced Micro Devices, Inc (AMD) announced the launch of new Ryzen PRO processors, leading to a surge in its stock price. Analysts from HSBC and Evercore ISI Group upgraded AMD, citing its potential in AI and server CPUs. Gartner predicts significant growth in AI PC shipments, benefiting AMD. Analysts from Citi, Piper Sandler, and Mizuho also expressed confidence in AMD, highlighting its competitive edge and strong demand. AMD's stock has gained over 78% in the last 12 months, and exposure to AMD can be gained through AOT Growth And Innovation ETF (AOTG) and Invesco PHLX Semiconductor ETF (SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 6:11 pm

DELL

Dell Technologies' stock sees increased trading volume as traders share news that Investors Business Daily SwingTrader has purchased the stock. This activity indicates a heightened interest in DELL, potentially affecting its stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:10 pm

CURLF

MSOS

Boris Jordan highlighted Curaleaf's potential in Europe following Germany's decision to remove cannabis from the narcotic list, viewing it as a major catalyst. The first two weeks have shown positive signs from telemedicine platforms.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:10 pm

Benchmark analyst Fawne Jiang maintains a Buy rating on JD.Com, Inc (NASDAQ:JD) with a price target of $55, citing disciplined cost management and healthy GMV growth. The first quarter revenue projection remains unchanged at +6% y/y, with a raised non-GAAP NPM estimate to 2.8%. For FY24, GMV and revenue are expected to grow above China's retail growth rate with a stable profit year over year. The current estimates do not factor in potential stimulus policies from China's government, which could provide an upside to JD's stock.

Portfolio Pulse from Nabaparna Bhattacharya

April 16, 2024 | 6:10 pm

WIRE

Sidoti & Co. analyst Julio Romero downgraded Encore Wire (NASDAQ:WIRE) from Buy to Neutral and set a price target of $290.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:10 pm

CROX

Williams Trading analyst Sam Poser downgrades Crocs (NASDAQ:CROX) from Buy to Hold and lowers the price target from $135 to $125, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 6:07 pm