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The S&P and Nasdaq indices are down, influenced by declines in NVIDIA, Meta, and Netflix, with the latter's drop attributed to its earnings report. Market volatility is also being fueled by geopolitical tensions between Israel and Iran.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:23 pm

TTD

Trade Desk (NASDAQ:TTD) has seen a surge in options activity, with a bearish stance by whales. Analysis of 12 trades shows a mix of bullish (41%) and bearish (58%) sentiment. Notable options activity includes both calls and puts, targeting a price range of $60.0 to $87.5. The current market status of TTD shows a -2.67% price drop to $78.65, with indicators suggesting it may be oversold. An analyst from Needham has downgraded TTD to Buy with a price target of $100.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 4:16 pm

LCID

Significant bearish options activity has been detected in Lucid Group Inc (NASDAQ:LCID) by Benzinga's options scanner, with a notable volume of puts compared to calls. The activity suggests a bearish sentiment among large-scale traders, with a price target window from $1.0 to $3.0. Lucid Group, an EV technology company, has seen its stock price slightly increase by 0.2% to $2.44, with an RSI indicating potential oversold conditions. An analyst from Morgan Stanley maintains an Underweight rating with a target price of $3.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 4:16 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) shares surged following the announcement that CBI exchanged its common shares for exchangeable shares, leading to the resignation of three board members. This move is part of Canopy's USA strategy, aiming for acquisitions of Wana, Jetty, and Acreage. CGC's stock rose over 20% on Thursday and continued to climb in early trading Friday.

Portfolio Pulse from Erica Kollmann

April 19, 2024 | 4:16 pm

VNDA

Butler Hall Capital, owning 350,000 shares of Vanda Pharmaceuticals Inc. (VNDA), has urged VNDA's board to consider a sale following a bid from Future Pak, LLC, offering a 79.0%-91.4% premium over VNDA's April 16th, 2024 closing price. The bid, which includes a potential increase in cash consideration, comes as VNDA's stock has significantly underperformed, with declines of 52.9% and 42.9% in 2022 and 2023, respectively. Butler Hall criticizes the board's rejection of the offer and the management's compensation, especially given the company's poor stock performance and underutilization of its assets, including $6.75/share in net cash and the newly acquired Ponvory assets.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:12 pm

BTCUSD

ETHUSD

SOLUSD

In Q1 2024, the crypto market cap surged 64.5% to $2.9 trillion, with trading volumes on top centralized exchanges hitting $4.29 trillion, the highest since Q4 2021. Bitcoin reached a new all-time high of $73,098, and spot Bitcoin ETFs saw significant growth. Ethereum and DeFi also experienced notable activity, with restaked ETH volumes increasing by 36%. Binance dominated the CEX market with a 50% share, while DEXs saw diversification with emerging chains like Arbitrum gaining traction.

Portfolio Pulse from Murtuza Merchant

April 19, 2024 | 4:09 pm

WULF

TeraWulf (WULF) saw a significant options activity with a sweep of 3000 Aug 16 $5.5 calls at $0.25, compared to an open interest of 11299. This activity comes ahead of their estimated earnings report on May 13, before the market opens, with the stock reference price at $2.27.

Portfolio Pulse from Charles Gross

April 19, 2024 | 4:09 pm

META

Meta shares are trading lower following Apple's removal of WhatsApp and Threads from its China App Store, indicating a potential impact on Meta's market presence and user base in China.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:08 pm

AULT

MCB

NFLX

OI

PARA

PG

SMCI

Nasdaq fell over 1% while Dow rose, amid mixed U.S. stock trading. Procter & Gamble's shares dropped 8% after Q3 sales missed estimates but raised its FY24 EPS growth outlook. Ault Alliance, Metropolitan Bank, and Paramount Global saw shares rise on positive news, while Super Micro Computer, Netflix, and O-I Glass shares fell. Oil and gold prices saw slight increases.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 4:03 pm

SLB

On CNBC, Stephanie Link announced she has increased her investment in Schlumberger N.V. (SLB), signaling potential confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 4:02 pm