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AMD

ARM

FRSH

IREN

MRVL

MSFT

NVDA

PANW

PLTR

SMCI

The article highlights significant options activity for several IT stocks, indicating potential trading opportunities. Notable mentions include NVDA, AMD, SMCI, MSFT, IREN, FRSH, MRVL, PLTR, ARM, and PANW, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:35 pm

GME

Andrew Left of Citron Research has once again taken a short position against GameStop Corporation (NYSE:GME) following a recent increase in its share price. Left, who was a key figure in the 2021 short squeeze, believes the fundamentals of GameStop have not improved and is cautious about the stock's future performance.

Portfolio Pulse from Chris Katje

May 16, 2024 | 5:34 pm

MDB

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years, delivering an average annual return of 20.74%. A $1000 investment in MDB 5 years ago would now be worth $2,554.77. The article highlights the impact of compounded returns on cash growth.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:30 pm

WDAY

Workday (NASDAQ:WDAY) has outperformed the market over the past 10 years, delivering an average annual return of 12.95%. An initial $100 investment in WDAY 10 years ago would be worth $337.28 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:30 pm

WMT

Shares of consumer staples stocks are trading higher, likely in sympathy with Walmart's better-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:25 pm

UNP

Deep-pocketed investors are showing significant interest in Union Pacific (NYSE:UNP) through options trading, with a split sentiment of 50% bullish and 50% bearish. The options activity suggests a price window of $200 to $300. Analysts have mixed ratings on UNP, with price targets ranging from $210 to $280.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:22 pm

SOFI

Whales have taken a bearish stance on SoFi Techs (NASDAQ:SOFI) with 62% of recent options trades being bearish. The stock is currently down 1.37% at $7.17. Analysts have mixed ratings with price targets ranging from $3 to $11.

Portfolio Pulse from Benzinga Insights

May 16, 2024 | 5:22 pm

BRK

MSFT

WM

Bill Gates sold 1.7 million Microsoft shares and 2.6 million Berkshire Hathaway shares in Q1, reducing their weightings in the Bill and Melinda Gates Foundation Trust portfolio by 4.5% and 13.1%, respectively. Despite the sales, Microsoft remains the top holding at 33.5% of the portfolio, followed by Waste Management and Berkshire Hathaway.

Portfolio Pulse from Chris Katje

May 16, 2024 | 5:20 pm

WMT

Walmart Inc. (NYSE:WMT) reported strong Q1 2025 results, with adjusted EPS of $0.60 beating the consensus estimate of $0.52 and sales of $161.51 billion, up 6.0% year over year. J.P. Morgan analyst Christopher Horvers reiterated a Neutral rating on WMT shares, noting the solid performance driven by strong margins and good U.S. comps. Despite some concerns about U.S. comps, the analyst expects a positive reaction in the stock due to the EPS beat and raised FY24 guidance.

Portfolio Pulse from Shivani Kumaresan

May 16, 2024 | 5:19 pm

ACB

CGC

CRON

GRWG

HUGE

IMCC

LFLY

MAPS

Shares of cannabis stocks are trading higher after President Biden announced that the Justice Department is taking steps to reclassify marijuana from Schedule I to Schedule III.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 5:12 pm