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AVGO

Susquehanna analyst Christopher Rolland maintains a Positive rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1400 to $1550.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:49 pm

UPST

Investors have shown mixed sentiment in Upstart Holdings (NASDAQ:UPST) through options trading, with an equal split between bullish and bearish positions. Benzinga's options scanner revealed 10 significant transactions, indicating a price target range of $25.0 to $35.0 for UPST. The stock is currently trading at $25.75, down by -1.79%, with an RSI suggesting a neutral position. Analyst ratings from JP Morgan and Piper Sandler set an average price target of $26.0, with ratings of Underweight and Neutral, respectively.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

MSTR

Financial analysis reveals a bearish sentiment among big money traders on MicroStrategy (NASDAQ:MSTR), with 60% showing bearish tendencies in options trading. The analysis highlighted 149 unusual trades, with a significant portion being calls. The predicted price range for MSTR is between $200.0 and $1450.0. Currently, MSTR's stock is up by 9.89%, trading at $957.99, with potential overbought conditions indicated by RSI readings. The company is a provider of enterprise analytics and mobility software.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

DVN

Devon Energy (NYSE:DVN) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The activity includes 8 notable options trades, with 62% bullish and 37% bearish sentiment, aiming for a price range of $37.5 to $50.0. The company, a major player in North American oil and gas exploration, has a current stock price of $44.25, with indicators suggesting it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm

BP

UGA

USO

XOM

Gasoline pump prices have surged to near a 1-year high, with the national average reaching $3.30 a gallon, driven by rising crude oil prices amid Middle East tensions and attacks on oil shipments. The United States Oil Fund (USO) and the United States Gasoline Fund ETF (UGA) have seen significant movements, with USO near a three-month high. The situation is exacerbated by falling gasoline stockpiles and potential refinery disruptions due to severe weather in the Midwest, affecting facilities like Exxon Mobil Corp's (XOM), Citgo's, and BP Plc's (BP). This rise in fuel prices could influence inflation expectations and the Federal Reserve's rate cut decisions.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 3:39 pm

VTYX

Ventyx Biosciences shares surged following the announcement of better-than-expected GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 3:39 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 28th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, including potential bullish and bearish price targets. The memo also highlights the importance of market volatility due to upcoming economic reports and Fed speeches, advising traders to stay alert and adjust strategies accordingly.

Portfolio Pulse from RIPS

February 28, 2024 | 3:38 pm

KTB

Kontoor Brands, Inc. (NYSE:KTB) shares fell after reporting Q4 revenues of $669.80 million, missing analyst expectations of $726.905 million, and an 8% revenue decrease primarily due to U.S. retailer inventory management. Adjusted EPS was $1.35, below the $1.37 consensus. Despite a gross margin increase, the company's FY24 revenue and adjusted EPS outlooks are below estimates. Kontoor has initiated Project Jeanius for growth and declared a quarterly dividend of $0.50 per share.

Portfolio Pulse from Nabaparna Bhattacharya

February 28, 2024 | 3:36 pm

FI

Over the past 20 years, Fiserv (NYSE:FI) has produced an average annual return of 14.84%, outperforming the market by 7.15% annually. A $1000 investment in FI 20 years ago would be worth $15,766 today. Fiserv's market capitalization stands at $88.94 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:30 pm

AL

Air Lease's (NYSE:AL) short interest has decreased by 18.23% since the last report, with 1.63 million shares sold short, representing 1.57% of its float. This decline in short interest, which now takes an average of 2.52 days to cover, could indicate a more bullish sentiment towards AL compared to its peers, where the average short interest as a percentage of float is 4.50%.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:30 pm