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HIMS

Hims & Hers Health Inc. (NYSE:HIMS) shares rose after reporting Q1 financial results surpassing analyst expectations with a 46% revenue increase to $278.2 million and net income of $11.1 million. The company also provided positive Q2 and full-year revenue guidance above estimates, contributing to its stock price increase.

Portfolio Pulse from Dylan Berman

May 07, 2024 | 5:39 pm

IYW

MSFT

XLK

Microsoft Corp. has launched an isolated generative AI model, designed exclusively for U.S. intelligence agencies to analyze classified data. This AI, based on GPT4 technology, operates in an air-gapped environment, ensuring high security. It's the first major AI model to function entirely offline. The development took 18 months, aiming to enhance intelligence data analysis while securing data against leaks. Microsoft's stock, part of the Technology Select Sector SPDR Fund (XLK) and iShares U.S. Technology ETF (IYW), has seen over 33% growth in the past year.

Portfolio Pulse from Shivani Kumaresan

May 07, 2024 | 5:36 pm

BMY

CRL

HUM

LLY

MRK

PEN

PGNY

UNH

VRTX

ZTS

Today's session highlighted significant options activity in the Health Care sector, with notable trades on stocks like BMY, VRTX, MRK, PGNY, LLY, ZTS, HUM, PEN, CRL, and UNH. The activity ranged from bullish to bearish sentiments, involving both call and put options with various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities based on the large transactions by 'whales', or entities with substantial capital.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

AMZN

BABA

CVNA

FTDR

KBH

LVS

SBUX

TSLA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, CVNA, JD, BABA, AMZN, FTDR, LVS, SBUX, F, and KBH. The trades varied in sentiment, with some bullish and others bearish, indicating diverse expectations for these stocks' future movements. The activity involved both call and put options, with varying expiration dates and strike prices, reflecting sophisticated strategies by entities with large sums of money.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

AAPL

AMD

ARM

INTC

MDB

MSFT

NVDA

PANW

SMCI

TSM

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for stocks like AAPL, NVDA, AMD, INTC, TSM, PANW, MSFT, SMCI, MDB, and ARM. The trades, characterized by their bullish or bearish sentiments, involved various strategies such as sweeps and trades with notable volumes and total trade prices. This activity could indicate potential market movements or investor sentiment towards these companies.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:35 pm

United States Steel (NYSE:X) has outperformed the market over the past 5 years, achieving an annualized return of 20.97%, with a current market cap of $8.63 billion. A $100 investment in X 5 years ago would now be worth $243.54.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:31 pm

CLSK

Financial analysis of Cleanspark (NASDAQ:CLSK) reveals a mixed sentiment among traders, with an equal split between bullish and bearish positions. The analysis of options trading indicates a target price range of $12.0 to $35.0. Cleanspark, a bitcoin mining company, has seen its stock price decrease by -1.32% to $17.2. Analysts have set a consensus target price of $21.0, with varying opinions from HC Wainwright & Co. and JP Morgan. The company's next earnings report is expected in 2 days.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:31 pm

WFC

Benzinga's options scanner revealed significant bullish sentiment among big-money investors towards Wells Fargo (NYSE:WFC), with 80% of the observed options trades being bullish. The trades suggest a target price range of $42.5 to $60.0 for WFC over the next three months. Currently, WFC's stock price has increased by 0.37%, trading at $60.41, with an RSI indicating it may be approaching overbought territory. The volume of options trades and the specific bullish and bearish positions indicate a strong investor interest in the stock's short-term movement.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:31 pm

Market whales have shown a mixed sentiment on Morgan Stanley (NYSE:MS) options, with a bearish lean. Benzinga's options scanner revealed 14 unusual trades, indicating a price target range of $85.0 to $105.0. The volume and open interest in MS options have been notably high, with significant trades including both calls and puts. Morgan Stanley's stock is currently up by 0.91% at $95.65, with potential overbought signals and earnings expected in 70 days.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 5:30 pm

CGNX

HSBC analyst Helen Fang upgrades Cognex (NASDAQ:CGNX) from Hold to Buy and sets a new price target of $52.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 5:25 pm