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MSFT

OpenAI has scheduled a live stream for 10 A.M. PT on May 13 to showcase the latest updates to ChatGPT and GPT-4. This event is anticipated to reveal significant advancements in AI technology, potentially impacting related stocks.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:49 pm

BKCH

IBLC

MARA

Marathon Digital Holdings Inc (MARA) reported a first-quarter miss on adjusted EBITDA and revenue, leading B. Riley Securities and Needham analysts to maintain their neutral stance but with adjusted expectations. The company's underperformance was attributed to elevated power and operating costs, and outages at Ellendale. Despite this, MARA plans to increase its mining capacity and expects improved costs as it becomes more vertically integrated. The stock saw a significant gain over the last 12 months but traded lower recently. Exposure to MARA can also be gained through Global X Blockchain ETF (BKCH) and IShares Trust IShares Blockchain And Tech ETF (IBLC).

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 5:42 pm

KNTK

Scotiabank analyst Tristan Richardson maintains a Sector Outperform rating on Kinetik Holdings (KNTK) and raises the price target from $38 to $42.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:38 pm

LCID

NKLA

RIVN

Rivian, Lucid, and Nikola are implementing cost-cutting strategies to navigate the 'EV winter,' a period marked by slowed EV market growth. These strategies include workforce reductions, production adjustments, and strategic realignments. Despite current challenges, analysts remain optimistic about the EV market's long-term prospects. Rivian is focusing on efficiency improvements, Lucid on cost of goods sold, and Nikola on optimizing its cost structure for commercial vehicles.

Portfolio Pulse from Nabaparna Bhattacharya

May 10, 2024 | 5:37 pm

GOOG

GOOGL

GRND

META

NFLX

PARA

RBLX

TTD

Today's session highlighted significant options activity for 10 Communication Services stocks, indicating varied sentiments across the board. Large transactions, or 'whale alerts', were noted for stocks like PARA, SE, GOOGL, GRND, META, NFLX, VZ, GOOG, RBLX, and TTD, with sentiments ranging from bullish to bearish. These movements provide insights into potential market directions and investor expectations.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:35 pm

AMZN

BABA

CAVA

MAR

NKE

PDD

SBUX

TSLA

Today's session highlighted unusual options activity for 10 consumer discretionary stocks, indicating significant whale alerts. These alerts, which include both bullish and bearish sentiments across various expiration dates, suggest potential trading opportunities based on the abnormal trading volumes and sentiments expressed through options on stocks like AMZN, TSLA, PDD, and others.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:35 pm

AAPL

AEIS

AMD

ARM

INTC

IOT

MARA

NVDA

SOUN

TSM

Today's session highlighted significant options activity for 10 Information Technology stocks, with most showing bearish sentiment except for AAPL which was bullish. Large transactions, known as whale alerts, were observed across various stocks including NVDA, INTC, TSM, AMD, ARM, SOUN, AAPL, MARA, AEIS, and IOT, indicating potential shifts in market dynamics.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:35 pm

NVAX

B of A Securities analyst Alec Stranahan upgrades Novavax (NVAX) from Underperform to Neutral and raises the price target from $4 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:33 pm

AMT

American Tower's (NYSE:AMT) short interest has decreased by 8.73%, with 4.64 million shares sold short, representing 1.15% of its float. This decrease in short interest could indicate a more bullish sentiment towards AMT among traders. Compared to its peers, AMT has a lower short interest percentage of float, with the average being 4.12%. Short interest is a critical indicator of market sentiment, and a decrease suggests that fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm

HUMA

Humacyte (NYSE:HUMA) has seen a decrease in short interest, now at 4.37% of its float, lower than the peer group average of 14.01%. This reduction suggests a more bullish sentiment among investors towards HUMA, contrasting with the higher short interest across its peers.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm