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UAL

United Airlines' CFO expressed deep disappointment in Boeing due to delays in aircraft deliveries, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:39 pm

SMMT

Summit Therapeutics shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:38 pm

ETHUSD

STRKUSD

Starknet's token distribution saw 5 million STRK tokens claimed in the first five minutes, marking a significant event in the crypto market. Over 1.2 million wallets are eligible for the distribution of 700 million tokens, with no lockups, aiming to reward contributors to the Starknet ecosystem. Ethereum stakers also receive allocations. The STRK token showed early volatility, trading between $1.80 and $5, and is currently around $3.50. The distribution window is open until June 20.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 4:36 pm

GLD

QQQ

SPY

USO

VZIO

WMT

Walmart Inc's (NYSE:WMT) recent earnings report showed a beat on estimates, with significant e-commerce sales and a dividend increase, but painted a tepid consumer spending picture. The report is contrary to stock market bulls' expectations of continued excess consumer spending. Walmart's stock rise is partly due to its acquisition of Vizio Holding Corp (NYSE:VZIO). Early trade money flows are neutral for Microsoft Corp (NASDAQ:MSFT), negative for several tech giants and ETFs like SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and positive for gold and oil, with popular ETFs being SPDR Gold Trust (NYSE:GLD) and United States Oil ETF (NYSE:USO).

Portfolio Pulse from The Arora Report

February 20, 2024 | 4:35 pm

LUNR

Intuitive Machines shares are trading higher following updates from the company's IM-1 mission, indicating positive progress or developments.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:35 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a notable bearish sentiment in its options trading, with 58% of traders showing bearish tendencies versus 41% bullish. The analysis revealed 589 unusual trades, including 214 puts and 375 calls, targeting a price range of $50.0 to $320.0. Noteworthy options activity highlighted several bullish call sweeps with expiration dates ranging from 2024 to 2026. AMD's stock is currently trading at $171.06, down by -1.62%, with an RSI indicating a neutral position. Analysts have set an average price target of $198.4, with varying ratings from 'Overweight' to 'Buy'. Advanced Micro Devices specializes in digital semiconductors for various markets and acquired FPGA leader Xilinx in 2022.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:30 pm

PEP

Benzinga's options scanner revealed significant activity in PepsiCo (NASDAQ:PEP) options, with a mix of bullish and bearish sentiments among big-money traders. The observed options trades suggest a target price range of $170.0 to $175.0 for PEP. The company, a global leader in snacks and beverages, is currently trading at $167.74, with a neutral RSI and an anticipated earnings release in 63 days. Analyst ratings in the last month have been generally optimistic, with an average target price of $188.25.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:30 pm

NKLA

M&M Residual, owning about 4.5% of Nikola Corporation (NKLA), criticized CEO Steve Girsky's leadership, attributing a significant stock decline and operational failures to his tenure. The shareholder group reaffirmed its nomination of five director candidates despite the board's rejection. Nikola's stock has plummeted over 65% in the last year, with concerns about its future viability.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 4:30 pm

AMZN

META

NFLX

The article discusses the performance of leading growth stocks, particularly Meta Platforms (META), Amazon.com (AMZN), and Netflix (NFLX), in the context of the broader market trends. Despite a less bullish market in February compared to the previous months, these stocks have shown resilience by maintaining their gains after a significant price gap in early 2023. The article emphasizes the importance of watching these stocks as indicators of market direction, noting their recent failure to break out of a post-gap price range, which could signal future market movements.

Portfolio Pulse from David Keller

February 20, 2024 | 4:27 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) shares have surged over 90% in the last five trading sessions, driven by progress in its IM-1 mission to the Moon. The company's Nova-C class lunar lander, launched on SpaceX's Falcon 9 rocket, is on track for a lunar landing. The mission's success and high social media attention, alongside a low float and high short interest, have contributed to the stock's rally. Intuitive Machines is expected to report Q4 financial results soon, with analysts predicting a loss and specific revenue figures.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 4:22 pm