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DAL

A Delta Air Lines flight from Atlanta to Ft. Lauderdale returned to Atlanta shortly after takeoff due to the Boeing 757 aircraft 'yawing aggressively'. The incident adds to recent scrutiny of Boeing following other incidents, including a door blowout on a 737 in January.

Portfolio Pulse from Dustin Blitchok

April 15, 2024 | 7:36 pm

NVDA

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Nvidia Corp (NASDAQ:NVDA) with a $1,050 price target, highlighting robust demand for Nvidia's Hopper GPU and the anticipated launch of the Blackwell GPU. Despite supply-demand imbalances, Nvidia's management is optimistic about power efficiency in data centers and revenue opportunities from data center products. Nvidia's shares are trading at a premium due to its leadership in the GPU market, with projected Q1 revenue and EPS of $24.01 billion and $5.41, respectively. Mizuho analyst Vijay Rakesh also noted Nvidia's leadership in AI GPUs but mentioned challenges with new high-power systems.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:35 pm

PEP

Benzinga's options scanner detected significant options trading activity for PepsiCo (NASDAQ:PEP), with over 8 trades amounting to $457,544. The trades indicate a bullish sentiment targeting a price range of $155.0 to $185.0. The largest trades include both call and put options, with calls showing a bullish outlook and a notable put trade indicating some bearish sentiment. PepsiCo, a global leader in snacks and beverages, is currently trading at $166.56, down by -0.92%, with an anticipated earnings release in 8 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

KO

Smart money investors have shown a bullish stance on Coca-Cola (NYSE:KO), with a significant amount of money moving into options. Benzinga's options scanner revealed 9 trades, indicating a split sentiment but leaning towards bullish with 66%. The trades suggest a price target range of $50.0 to $60.0 for KO. Notable options activity includes both bullish and bearish sentiments on calls with expiration dates in 2024. Coca-Cola, a global leader in nonalcoholic beverages, is approaching its earnings announcement with its stock price slightly up and an analyst from Barclays maintaining an Overweight rating with a target price of $68.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

DFS

Discover Financial Services (NYSE:DFS) has delivered an average annual return of 19.61% over the past 15 years, outperforming the market. A $1000 investment in DFS 15 years ago would be worth $16,114.82 today. The company currently has a market capitalization of $30.24 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

CROX

Crocs (NASDAQ:CROX) has significantly outperformed the market with an average annual return of 32.03% over the past 15 years, turning a $100 investment into $6,634.95 today. The company now has a market capitalization of $7.68 billion.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:30 pm

GLD

IWM

QQQ

SLV

SPY

USO

Tensions between Israel and Iran have escalated, causing market volatility. Israel's war cabinet plans a forceful response to Iran, while the G7 considers sanctions against Iran's missile program. This geopolitical tension has led to a decline in stock markets, with the SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF, and Invesco QQQ Trust experiencing losses. Conversely, the SPDR Gold Trust and iShares Silver Trust saw gains amid increased safe haven demand. The United States Oil Fund also rose slightly as oil prices surged above $85 a barrel.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 7:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped over 4.75% following reports of a planned workforce reduction of 10% to 20% and the departure of key executives Drew Baglino and Rohan Patel. The news adds to the negative sentiment around Tesla amid slowing demand and cost-cutting measures. Analyst Dan Ives from Wedbush highlighted the importance of Tesla's upcoming earnings call for addressing investor concerns and providing clarity on the company's future direction. Tesla's stock has fallen approximately 34% year-to-date.

Portfolio Pulse from Adam Eckert

April 15, 2024 | 7:27 pm

TGT

Investors have shown a predominantly bearish stance on Target (NYSE:TGT), with a significant volume of options trades indicating expectations for the stock's price to range between $150.0 and $185.0 over the next three months. The analysis of options trading activity, which is not typical for Target, reveals a split sentiment with 90% bearish and 9% bullish trades. This unusual trading pattern suggests that major investors might anticipate a specific event or have insights about Target's future performance. Target, being the nation's sixth-largest retailer, has a substantial market presence with over 1,950 stores and over $100 billion in sales. Despite the current neutral RSI indicators and a slight decrease in stock price, professional analysts have set an average price target of $200.0 for Target, with ratings ranging from Buy to In-Line.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:15 pm

AMZN

GOOG

RDDT

Needham analyst Laura Martin initiated coverage on Reddit Inc (NYSE:RDDT) with a Buy rating and a price target of $55, highlighting its value for AI training and brand strategy. Alphabet Inc's Google and potential AWS deals underscore Reddit's critical role in AI development. Martin emphasizes Reddit's unique data collection as a significant asset for LLM training and social listening, positioning it for growth in advertising and data licensing. Goldman Sachs analyst Eric Sheridan gave Reddit a Neutral rating with a $40 price target, noting its leverage in digital advertising, AI, and the creator economy.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:14 pm