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Stock Prices

RBRK

Rubrik's shares opened for trading at $38.60 per share, significantly higher than its IPO price of $32 per share on 23.5 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:49 pm

GEV

GE Vernova shares are trading lower due to a Q2 earnings miss.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:48 pm

DELL

Financial analysts have observed a bullish trend in Dell Technologies (NYSE:DELL) based on unusual options trading activity. Analysis shows a mix of bullish (47%) and bearish (43%) sentiment among traders, with a notable volume in calls over puts. The big money is targeting a price range of $105.0 to $140.0 for DELL, with significant trades highlighted in both call and put options. Dell's current stock performance shows a 3.24% increase to $124.1, with an expert from UBS maintaining a Buy rating and a target price of $141.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:45 pm

MELI

Financial analysis reveals a bearish sentiment among traders on MercadoLibre (NASDAQ:MELI), with 58% of options trades showing bearish tendencies. The analysis highlighted 12 unusual trades, with a notable volume of puts over calls. MercadoLibre, a leading e-commerce platform in Latin America, has seen its options targeted within a price range of $1300 to $2600. Despite the bearish options activity, professional analysts from Citigroup, UBS, Wedbush, and Barclays maintain buy or overweight ratings on MELI, with an average target price of $1835. The company's current trading volume is 88,368, with a slight price decrease of -0.77%, and an earnings announcement expected in 11 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:45 pm

DE

Investors have shown a significant interest in Deere & Company (NYSE:DE), with a notable volume of options trades indicating a mixed sentiment among big-money traders. Benzinga's options scanner revealed 9 unusual trades, with a nearly even split between bullish and bearish sentiments. The trades suggest a target price range for Deere between $370.0 and $420.0. The company, a leading manufacturer of agricultural equipment, has its next earnings release in 22 days, with a current stock price of $390.86 and a neutral RSI indicator. JP Morgan maintains a Neutral rating on Deere, with a target price of $425.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:45 pm

DIVD

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares fell after announcing a $1.4 billion investment in its Princeton facility for electric SUV production. This move is part of Toyota's broader $18.6 billion U.S. investment for electrification, including a new battery pack assembly line in Indiana, creating up to 340 jobs. Despite a 68% stock increase over the past year, TM shares dropped 3.47% to $224.79. Investors can also access TM through ETFs like IDVO and DIVD.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 4:44 pm

ACRV

JMP Securities analyst Silvan Tuerkcan has maintained a Market Outperform rating on Acrivon Therapeutics (NASDAQ:ACRV) and increased the price target from $14 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:43 pm

SIMS

SLAB

XSD

Needham analyst N. Quinn Bolton upgraded Silicon Laboratories (SLAB) to a Buy rating from a Hold, with a price target of $150, citing strong positioning for semiconductor cyclical recovery and IoT expansion. Bolton highlighted inventory de-stocking, new design wins, and end market demand improvements as drivers for a second-half recovery. He expects SLAB to achieve double-digit top-line growth into 2026, with 2024 revenue and EPS projections adjusted to $601.4 million and $(1.85), respectively. SLAB shares rose 2.68% to $117.33. Investors can also gain exposure through SIMS and XSD ETFs.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 4:38 pm

QQQ

SPY

The upcoming release of the Personal Consumption Expenditure (PCE) price index report this Friday is highly anticipated by investors, as it's a crucial indicator of inflation and influences the Federal Reserve's monetary policy. The report is expected to show a slight increase in the headline PCE year-on-year and maintain the previous month's pace on a month-over-month basis. A hotter-than-expected PCE report could negatively impact markets, increase Treasury yields, and pressure rate-sensitive stocks, particularly affecting sectors like real estate, tech, consumer discretionary, and materials. Conversely, a cooler-than-expected report could signal relief from inflationary pressures, potentially boosting market sentiment.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 4:36 pm

ORN

Orion Group Holdings shares are trading lower following the announcement of Q1 revenue results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:35 pm