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PYCR

Paycor HCM's shares dropped following the company's announcement of weaker than expected revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:43 pm

EVGO

Cantor Fitzgerald analyst Andres Sheppard upgraded EVgo Inc (NASDAQ:EVGO) from Neutral to Overweight, adjusting the price target from $5 to $4, following a strong Q1 FY24 performance. EVGO reported a 118.2% year-on-year sales increase to $55.16 million, surpassing estimates, with an EPS of $(0.09) beating expectations. The company announced CFO Olga Shevorenkova's departure, a significant increase in charger utilization and network throughput, and an increase in Plugshare-registered users to over 5 million. Management reaffirmed its FY24 revenue guidance and the goal to achieve breakeven Adj. EBITDA by 2025. EVGO's stock has risen 9.7% to $1.92, reflecting optimism from these developments.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 6:41 pm

AMC

AMC Entertainment Holdings reported Q1 revenue and earnings that beat estimates but faces challenges with profitability and debt. Analyst Alicia Reese lowered AMC's price target from $4 to $3.50, citing balance sheet issues. AMC is expanding its food offerings and exploring musical content to boost revenue, including a partnership with Billie Eilish for an album release event. AMC's stock is down 7% to $2.98, reflecting ongoing concerns about its financial health and the impact of the Hollywood Strike.

Portfolio Pulse from Chris Katje

May 09, 2024 | 6:40 pm

HOOD

JMP Securities analyst Devin Ryan has maintained a Market Outperform rating on Robinhood Markets (NASDAQ:HOOD) and increased the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:37 pm

BA

Recent analysis of Boeing's (NYSE:BA) options market reveals a bearish sentiment among investors, with 62% of trades being bearish. The options trading volume and open interest suggest a price range prediction between $70.0 and $250.0 for Boeing. The largest trades observed include both bullish and bearish positions, with significant activity in calls and puts. Boeing's current market performance shows a slight decrease in stock price, with an RSI indicating it may be approaching overbought territory. An earnings announcement is expected in 76 days.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:32 pm

CHWY

Market whales have shown a significant interest in Chewy (NYSE:CHWY) options, with a bearish stance overall. Benzinga's options scanner revealed 10 unusual trades, indicating a split sentiment of 40% bullish and 60% bearish. The trades include 7 puts and 3 calls, targeting a price range of $7.0 to $30.0 for Chewy. Notable options activity and Chewy's market performance, including a recent 4.76% price increase to $16.18, were highlighted. Analysts from Piper Sandler and Citigroup maintain a Neutral rating on Chewy, with a target price of $16. Chewy, a leading e-commerce pet care retailer, reported $11.2 billion in 2023 sales.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:32 pm

KLAC

Deep-pocketed investors have shown a bearish sentiment towards KLA (NASDAQ:KLAC), as revealed by Benzinga's tracking of public options records. The analysis of options trading trends indicates a divided sentiment among investors, with 37% bullish and 50% bearish. Notable options activities include 3 puts and 5 calls, with a price window expectation from $480.0 to $740.0 for KLA. The company, a major player in semiconductor wafer fabrication equipment, is currently trading at $712.54, down by -0.64%, and its RSI readings suggest it may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 6:32 pm

PTON

Peloton's stock is experiencing an uptick, potentially continuing its rise from Tuesday's report indicating interest from private equity firms in a buyout.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:30 pm

AAL

IYT

JETS

LUV

UAL

The U.S. Transportation Department's Office of Inspector General announced an audit of the FAA's oversight of United Airlines Holdings Inc. (UAL) maintenance operations, following several incidents. This audit is part of a series evaluating the FAA's maintenance oversight at major airlines, including Southwest Airlines Co. (LUV) and American Airlines Group Inc. (AAL). The FAA has restricted United from adding new aircraft or initiating service to new cities during the review. United Airlines' stock is accessible through U.S. Global Jets ETF (JETS) and iShares U.S. Transportation ETF (IYT).

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 6:29 pm

PTON

Peloton Interactive, Inc. (NASDAQ:PTON) shares have surged over 35% in the past five days, following a CNBC report that multiple private equity firms are considering a buyout of the company. Despite reporting worse-than-expected third-quarter results, a CEO transition, and plans to cut 15% of its global workforce last week, the stock has seen heavy trading volume. Analysts have mixed views on PTON, with an average 12-month price target of $4.21, suggesting potential downside from its current price of $4.32.

Portfolio Pulse from Erica Kollmann

May 09, 2024 | 6:26 pm