Streetbeat News

Stock Prices

AAPL

ARM

AVGO

CLSK

CRWD

IREN

MSFT

NVDA

PLTR

SMCI

Today's session saw significant options activity in several major IT stocks, including NVDA, AAPL, CRWD, AVGO, CLSK, MSFT, SMCI, IREN, ARM, and PLTR. The sentiment varied from bullish to bearish, with notable trades in NVDA, AAPL, and IREN.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:35 pm

AMZN

CLOU

LRNZ

MSFT

SNOW

Snowflake Inc (NYSE:SNOW) is focusing on AI acquisitions to boost growth under new CEO Sridhar Ramaswamy. Despite a failed $1 billion acquisition of Reka AI, Snowflake plans to onboard 35 employees from AI startup TruEra. The company aims to revitalize revenue growth, which has slowed significantly. Snowflake faces competition from Databricks and cloud giants like Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). Snowflake's stock has dropped 30% year-to-date.

Portfolio Pulse from Shivani Kumaresan

June 05, 2024 | 5:33 pm

XOM

Exxon Mobil has seen unusual options activity with 13 significant trades, indicating a mixed sentiment among traders. The stock is currently trading at $112.27, with a neutral RSI. Analysts have varied ratings, with target prices ranging from $128 to $152.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:31 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market over the past 5 years, delivering an average annual return of 31.41%. A $100 investment in TTD 5 years ago would be worth $391.11 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:30 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has significantly outperformed the market over the past 5 years, delivering an average annual return of 19.76%. A $100 investment in ISRG 5 years ago would be worth $244.83 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:30 pm

DIVD

IDVO

Toyota Motor Corporation (NYSE:TM) shares are trading lower due to a recall of over 100,000 vehicles in the U.S. because of engine debris concerns. However, the company announced a $282 million investment to expand its Huntsville plant, adding 350 new jobs. Investors can gain exposure to Toyota through ETFs like Amplify CWP International Enhanced Dividend Income ETF (NYSE:IDVO) and Altrius Global Dividend ETF (NASDAQ:DIVD).

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2024 | 5:29 pm

BNTX

MRNA

NVAX

PFE

Novavax, Inc. (NASDAQ:NVAX) shares have surged over 300% in the past month, driven by positive COVID-19 vaccine news. The company, along with Pfizer, BioNTech, and Moderna, is preparing to deliver updated vaccines targeting new subvariants. High trading volume and short interest are contributing to significant price movements.

Portfolio Pulse from Erica Kollmann

June 05, 2024 | 5:21 pm

BTCUSD

SPY

Crypto researcher TradeTheFlow analyzed Bitcoin's summer performance over the past eight years, finding mixed results that challenge the 'Sell in May and go away' narrative. The analysis shows that Bitcoin's summer performance is not predictably dull, with significant variations influenced by macroeconomic conditions. Bloomberg analyst Eric Balchunas also noted record inflows into equity ETFs in May, further questioning the seasonal investment strategy.

Portfolio Pulse from Khyathi Dalal

June 05, 2024 | 5:18 pm

UBER

Deep-pocketed investors are showing significant interest in Uber Technologies (NYSE:UBER) options, with a notable increase in call and put activities. This suggests potential price movements between $50.0 and $90.0. Analysts maintain positive ratings with target prices ranging from $75 to $95.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:15 pm

Recent analysis of Goldman Sachs Gr's (NYSE:GS) options activity reveals a bullish sentiment among traders, with 80% of trades being bullish. Significant investors are targeting a price range of $310.0 to $520.0. The stock is currently up 1.19% at $460.74, with RSI indicators suggesting it may be overbought. Analysts have an average target price of $504.0.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 5:15 pm