Streetbeat News

Stock Prices

AAPL

APP

CLSK

CRM

MRVL

NTGR

NVDA

ORCL

SMCI

TSM

The article highlights significant options activity for several information technology stocks, indicating potential trading opportunities. Notable mentions include bullish sentiment for NVDA, TSM, SMCI, ORCL, APP, and CLSK, while CRM, NTGR, and MRVL show bearish sentiment. AAPL's activity is neutral.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:35 pm

VRT

Vertiv Holdings shares are trading higher after B of A Securities raised its price target on the stock from $100 to $115.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:34 pm

BIIB

Biogen shares are trading higher after partner Eisai initiated the rolling submission of a Biologics License Application (BLA) for lecanemab-irmb for subcutaneous autoinjector for weekly maintenance dosing.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:33 pm

NXT

Nextracker Inc. (NASDAQ:NXT) reported better-than-expected Q4 results, with earnings and sales surpassing market estimates. Despite strong performance, analysts from Wells Fargo and BMO Capital cut their price targets on the stock.

Portfolio Pulse from Avi Kapoor

May 15, 2024 | 5:33 pm

CVS

Deep-pocketed investors are showing significant interest in CVS Health's options market, with a notable split between bullish and bearish sentiments. The trading activity suggests a price target range of $40 to $80. Analysts have mixed ratings on CVS Health, with price targets ranging from $59 to $80.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:32 pm

AIT

Applied Industrial Techs (NYSE: AIT) has outperformed the market over the past 15 years with an average annual return of 16.46%, resulting in a $1000 investment growing to $9,851.24. The company currently has a market capitalization of $7.56 billion.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:30 pm

VST

Vistra (NYSE:VST) has significantly outperformed the market over the past 5 years, delivering an average annual return of 30.2%. A $100 investment in VST 5 years ago would be worth $384.44 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 5:30 pm

LCID

Lucid Group, Inc. (NASDAQ:LCID) shares are trading lower on Wednesday after previously gaining due to anticipation of new tariffs on Chinese electric vehicles. President Biden announced significant tariff increases on Chinese goods, including EVs. Lucid's stock has also been influenced by a recent 'meme stock' rally. Despite the dip, the stock is up over 5% in the past five days and 18% over the past month. Analysts have mixed ratings with an average 12-month price target of $3.55.

Portfolio Pulse from Erica Kollmann

May 15, 2024 | 5:24 pm

RIVN

Rivian shares are trading lower, likely pulling back after yesterday's gain.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 5:22 pm

BTCUSD

ETHUSD

SOLUSD

Crypto trader Cred suggests that a barbell portfolio of Bitcoin (BTC) and meme coins is currently the most profitable trading strategy, diverging from the traditional risk curve strategy. He notes unusual weakness in Ethereum (ETH) and its ecosystem, while meme coins on Solana (SOL) outperform. The market shows unevenly distributed returns, leading to diverse trader experiences and perspectives.

Portfolio Pulse from Khyathi Dalal

May 15, 2024 | 5:17 pm