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WFC

Investors have shown a mixed sentiment towards Wells Fargo (NYSE:WFC), with unusual options trading activity indicating both bullish and bearish positions. Benzinga's options scanner revealed 10 significant trades, split between 40% bullish and 40% bearish sentiment. The trades suggest a projected price range for WFC of $27.5 to $67.5 over the next three months. The current market status of Wells Fargo shows a slight decrease in stock price to $59.69, with indicators suggesting it may be approaching overbought territory. The next earnings report is expected in 73 days.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:16 pm

LOW

Financial analysts have observed a bullish trend in Lowe's Companies (NYSE:LOW) options, with significant activity suggesting a target price range of $170 to $230. Despite a mix of bullish and bearish trades, the overall sentiment leans towards bullish, with notable trades including both puts and calls. Lowe's, a leading home improvement retailer, is currently experiencing a slight decrease in stock price, with an upcoming earnings release. Analyst opinions vary, with price targets ranging from $245 to $275, reflecting a cautiously optimistic outlook on the company's performance.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:15 pm

MLM

Martin Marietta Materials Inc (NYSE:MLM) reported a Q1 2024 revenue decline of 7.6% Y/Y to $1.251 billion, missing consensus estimates. EPS from continuing operations rose significantly to $16.87 from $2.16 a year ago, despite a 9.7% Y/Y decrease in gross profit to $272 million. The company saw a decrease in Building Materials business revenue and aggregate shipments, but an increase in the average selling price. Operating cash flow improved to $172 million, and $197 million was returned to shareholders. The company has completed over $4.5 billion in transactions, leading to a revised 2024 guidance with expected total revenues of $6.9 billion-$7.3 billion and adjusted EBITDA of $2.3 billion-$2.44 billion. MLM shares dropped 2.72% to $586.22.

Portfolio Pulse from Akanksha Bakshi

April 30, 2024 | 6:15 pm

ETH-USD

The EigenLayer airdrop, distributing 45% of its 1.67 billion tokens, has sparked excitement and criticism due to its phased rollout, initial non-transferability, and exclusion of certain countries including the U.S. and Canada. The complexity of the tokenomics and exclusion of VPN users have also been contentious points. Despite these issues, the platform's total value remains strong, but recent developments have led to a significant withdrawal of funds. Industry experts suggest future airdrops may prioritize transparency and include anti-Sybil protections.

Portfolio Pulse from Murtuza Merchant

April 30, 2024 | 6:09 pm

DAN

Dana Incorporated (NYSE:DAN) shares fell after reporting Q1 results, despite beating earnings and sales expectations. The company reported adjusted EPS of 27 cents, above the 19 cents forecast, and sales of $2.735 billion, surpassing the $2.684 billion estimate. Adjusted EBITDA was $223 million, up $19 million from last year, with a margin improvement to 8.2%. Dana also highlighted efficiency improvements and a strong focus on electric-vehicle product development. The company reaffirmed its FY24 guidance, expecting sales between $10.65 billion and $11.15 billion, and adjusted EBITDA between $875 million and $975 million. Despite the positive results and outlook, shares dropped 2.18% to $12.35.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 6:08 pm

FELE

Franklin Electric's stock trades lower following the announcement of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 6:06 pm

NRGV

Analyst ratings for Energy Vault Holdings (NYSE:NRGV) show mixed sentiments, with recent adjustments indicating a bearish outlook. The average 12-month price target has been lowered to $3.06 from $4.90, reflecting a significant drop. Analysts from firms like Stifel, Chardan Capital, and Goldman Sachs have adjusted their ratings and price targets, responding to market dynamics and company performance. Energy Vault Holdings, a grid-scale energy storage company, has shown a revenue growth rate of 17.86% as of December 31, 2023, but faces challenges in market capitalization and growth compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

W

Wayfair's (NYSE:W) short interest has decreased by 6.93% since the last report, with 21.84 million shares sold short, representing 33.03% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, despite it being higher than its peer group average of 10.87%. The coverage period for these short positions is approximately 6 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

ASAN

Asana's (NYSE:ASAN) short interest has decreased by 5.74% since the last report, with 11.18 million shares sold short, representing 12.64% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook, despite the high short interest compared to its peers, where the average is 9.03%. The decrease in short interest suggests fewer traders are betting against the stock, which could influence its short-term price movement.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

CAH

Cardinal Health (NYSE:CAH) has delivered an average annual return of 15.75% over the past 5 years, outperforming the market by 4.21% annually. With a current market capitalization of $24.99 billion, a $100 investment in CAH 5 years ago would be worth $207.28 today.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm