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NVDA

SMTC

VERI

WDC

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, suggesting shifts in market sentiment for stocks like NVDA, SMTC, WDC, VERI, SMCI, MSTR, AKAM, MARA, ASML, and PANW. The activity ranged from bullish to bearish sentiments, with notable trades in both call and put options across various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 5:35 pm

BLK

Over the past 20 years, BlackRock (NYSE:BLK) has produced an average annual return of 13.75%, outperforming the market by 5.79% on an annualized basis. A $1000 investment in BLK 20 years ago would be worth $12,812.28 today. BlackRock's market capitalization currently stands at $122.24 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 5:31 pm

SPY

Fed's Goolsbee comments on the potential to achieve a 2% inflation rate if housing inflation normalizes. He notes the real Federal Funds Rate is at a historically high level, indicating a restrictive monetary policy. The focus is on the duration of this policy stance.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:30 pm

ALK

BA

Boeing Co compensated Alaska Air Group Inc with $160 million for the 737-9 MAX groundings' impact on Q1 operations, causing significant financial losses. Despite these challenges, Alaska Air's adjusted pretax profit would have seen an 80% increase over the previous year without these issues. Additional compensation is expected, with the terms undisclosed. The compensation will mainly reduce aircraft assets, affecting EPS expectations. Alaska Air's shares rose by 4.58% to $43.80.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 5:29 pm

SPY

Fed's Goolsbee expressed concerns that housing inflation needs to decrease to meet the 2% inflation target. He remains optimistic that it will, but acknowledges the risk if it doesn't.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:23 pm

CRS

Carpenter Technology's stock is trading higher following a mention at the Sohn conference.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:22 pm

KBUF

KPRO

KWEB

Henry Greene, Investment Strategist at KraneShares, highlights the investment opportunities in China's market, focusing on the internet and technology sectors due to low internet penetration and government support for domestic tech companies. He remains optimistic about China as an asset class despite geopolitical tensions, noting the KraneShares CSI China Internet ETF (KWEB) and its top holdings. KraneShares has also launched two ETFs, KPRO and KBUF, offering downside protection on KWEB. Greene believes China's stock market has bottomed, presenting a rare buying opportunity, especially in internet stocks and AI applications.

Portfolio Pulse from Surbhi Jain

April 04, 2024 | 5:20 pm

CSCO

Deep-pocketed investors are showing significant interest in Cisco Systems (NASDAQ:CSCO) options, with a balanced mix of bullish and bearish sentiments. Benzinga's tracking revealed 8 extraordinary options activities, with a price target range from $47.5 to $60.0 over the next three months. The largest trades include both calls and puts, with notable volumes and open interests. Cisco Systems, a leading networking equipment and software provider, is currently trading at $49.09, with neutral RSI indicators and an earnings announcement expected in 41 days. An analyst from Piper Sandler has downgraded the stock to Neutral with a price target of $51.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 5:16 pm

DIS

Nelson Peltz, an activist investor, discussed the aftermath of his proxy battle with Walt Disney Co (NYSE:DIS) on CNBC, revealing a gain far exceeding the reported $300 million, hinting at a $1 billion gain. Despite positive feedback from a proxy adviser and extensive efforts to garner support from index funds, Peltz was surprised by their decision to vote against him. Disney CEO Bob Iger expressed relief over the end of the proxy fight, which he found distracting.

Portfolio Pulse from Michael Cohen

April 04, 2024 | 5:10 pm

MSFT

MSFX

XLK

Microsoft Corporation (MSFT) has entered into an eight-year strategic partnership with Cloud Software Group, involving a $1.65 billion commitment to Microsoft's cloud and AI capabilities. This collaboration will see Cloud Software Group's full transition to Microsoft 365 and enhance the Citrix platform's integration with Microsoft Azure, aiming to boost cloud migration and development of new solutions. MSFT shares rose 1.75% to $427.82, and the partnership is expected to positively impact MSFT stock and related ETFs like MSFX and XLK.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 5:08 pm