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The article covers a range of topics including the tight race between Biden and Trump, Apple's focus on making devices thinner, cautious start for Wall Street, and various updates in the tech, crypto, and healthcare sectors. Key highlights include Goldman Sachs raising the S&P 500 year-end target, potential launch of a spot Ethereum ETF, and Apple's potential partnership with Japanese firms.

Portfolio Pulse from Akanksha Bakshi

June 17, 2024 | 2:18 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for June 17th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset, emphasizing the importance of monitoring these levels for potential breakouts or reversals. The memo also notes limited significant data releases for the day and anticipates a challenging week of trading due to light volume and erratic volatility.

Portfolio Pulse from RIPS

June 17, 2024 | 2:16 pm

DELL

Dell shares are trading higher after Morgan Stanley reiterated a bullish rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:11 pm

AVGO

Broadcom shares are trading higher following the company's better-than-expected Q2 financial results, strong revenue guidance, and announcement of a 10-for-1 forward stock split.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:11 pm

GME

GameStop's annual shareholders meeting, postponed to June 17, has garnered significant interest due to technical difficulties, a $3 billion fund raise, and the involvement of Keith Gill (Roaring Kitty). Investors are keen to learn about the usage of the funds, business transformation plans, and potential cryptocurrency investments.

Portfolio Pulse from Chris Katje

June 17, 2024 | 2:10 pm

LRCX

Significant options activity has been observed for Lam Research (NASDAQ:LRCX), with a notable bullish sentiment among deep-pocketed investors. This unusual activity suggests potential upcoming movements in LRCX's stock price. The trading volume and open interest indicate a focus on a price range between $380.0 and $1540.0. Analysts have mixed ratings, with a consensus target price of $1020.0.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:01 pm

JNJ

The article provides an in-depth examination of 11 analyst recommendations for Johnson & Johnson (NYSE:JNJ) over the past quarter. Analysts' opinions range from bullish to bearish, with the majority being somewhat bullish. The average 12-month price target is $184.27, reflecting a 2.82% increase from the previous average. Key analysts from firms like RBC Capital, Cantor Fitzgerald, HSBC, Morgan Stanley, and B of A Securities have maintained, raised, or lowered their ratings and price targets for JNJ. The article also highlights JNJ's financial performance, including revenue growth, net margin, ROE, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:01 pm

MSTR

Financial giants have shown a bearish trend in MicroStrategy's (NASDAQ:MSTR) options trading, with 44% of trades being bearish. The trading activity suggests a price range of $280.0 to $3800.0 for MSTR over the next three months. The stock is currently down by -4.09%, trading at $1434.39, and may be approaching oversold territory. Analysts have mixed ratings with price targets ranging from $2047 to $2890.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:01 pm

ASUR

Over the past three months, 7 analysts have shared their insights on Asure Software (NASDAQ:ASUR), with ratings ranging from bullish to bearish. The average 12-month price target is $15.64, down 1.39% from the previous $15.86. Analysts have maintained or adjusted their ratings and price targets, reflecting their perspectives on the company's performance. Asure Software faces challenges with declining revenue, low net margin, and below-average ROE and ROA, but maintains a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 2:01 pm

IREN

Shares in US-listed, Australian-born bitcoin miner Iren (formerly Iris Energy) are rallying due to its ability to source cheap green power to run Nvidia's AI chips in its data centers. The Nasdaq-listed company has seen a significant rise in its stock price this year.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:01 pm