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AVGO

MRVL

Marvell Technology (MRVL) has introduced the Marvell Alaska A 1.6T PAM4 digital signal processor, designed to meet the growing bandwidth demands driven by AI and machine learning applications. The AEC silicon market is expected to grow significantly, and Marvell, along with Broadcom (AVGO), leads the custom chip market driven by generative AI.

Portfolio Pulse from Anusuya Lahiri

June 27, 2024 | 2:35 pm

ADBE

CRM

CVS

GS

META

QQQ

SPY

The U.S. economy saw a modest GDP growth of 1.4% in Q1 2024, slightly up from the previous estimate but down from Q4 2023. Consumer spending weakened, and continuing jobless claims hit nearly 3-year highs. The S&P 500 and tech stocks showed slight gains, while CVS Health and Goldman Sachs lagged.

Portfolio Pulse from Piero Cingari

June 27, 2024 | 2:34 pm

ALT

Shares of Altimmune are trading higher following a NYPost article that highlighted a study comparing the company's Pemvidutide to Ozempic.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:34 pm

CCL

High-rolling investors have positioned themselves bearish on Carnival (NYSE:CCL), with 70% of the options trades being bearish. The stock is currently trading at $18.59, up by 1.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with price targets ranging from $17 to $22.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:32 pm

CVS

Deep-pocketed investors are showing significant interest in CVS Health (NYSE:CVS) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner highlighted 9 extraordinary options activities for CVS Health, indicating potential big moves. Analysts have mixed ratings, with price targets ranging from $58 to $86.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:32 pm

NFLX

Investors are showing a bullish stance on Netflix (NASDAQ:NFLX) with significant options trading activity. Benzinga's options scanner identified 17 uncommon trades, with a majority being calls. The price range targeted by these trades is between $400.0 and $725.0. Analysts have mixed ratings but generally positive price targets for Netflix.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:32 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has significantly outperformed the market over the past 5 years, delivering an average annual return of 48.35%. A $100 investment in MARA 5 years ago would be worth $759.25 today. The company's market capitalization is currently $5.69 billion.

Portfolio Pulse from Benzinga Insights

June 27, 2024 | 2:31 pm

SPY

UNG

The latest report on USA natural gas storage shows an increase of 52 billion cubic feet, which is slightly below the estimated 53 billion cubic feet and significantly lower than the prior week's 71 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:30 pm

ALT

Traders are closely watching Altimmune following a New York Post article suggesting that its weight loss drug, pemvidutide, may be more effective than Ozempic. This news could significantly impact Altimmune's stock price.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 2:26 pm

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

Amazon.com Inc (NASDAQ:AMZN) has reached a new milestone, crossing the $2 trillion market cap for the first time. The stock has surged 27% year-to-date and 130% since last year, driven by strong financial results and strategic positioning in the AI sector. Technical indicators suggest a bullish trend, although caution is advised due to near-overbought conditions.

Portfolio Pulse from Surbhi Jain

June 27, 2024 | 2:26 pm