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V

Financial analysts have observed unusual options activity on Visa (NYSE:V), indicating a bearish sentiment despite a mix of bullish and bearish trades. The analysis shows a significant number of puts and calls with a price target range of $220 to $290. Visa's current trading volume and price have increased, with an RSI indicating a potential overbought situation. Market experts have issued positive ratings for Visa, with target prices ranging from $300 to $321.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:31 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has outperformed the market with an annualized return of 17.65%, turning a $1000 investment into $2,145.63. Target's market capitalization stands at $74.09 billion.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:30 pm

ALZN

Alzamend Neuro, Inc. (NASDAQ:ALZN) announced the termination of its 'at-the-market' equity offering program, aiming to minimize uncertainty and preserve shareholder value. The decision led to a nearly 12% drop in its shares. The company had sold about 1,076,821 shares through the program, generating approximately $1.3 million. Alzamend Neuro remains focused on advancing treatments for Alzheimer's and other disorders with its therapeutic candidates, AL001 and ALZN002.

Portfolio Pulse from vaishaliprayag@benzinga.com

May 07, 2024 | 6:30 pm

GILD

Over the past 20 years, Gilead Sciences (NASDAQ:GILD) has produced an average annual return of 11.89%, turning a $1000 investment into $9,295.45 today. With a current market capitalization of $81.91 billion, GILD's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:30 pm

CEIX

CONSOL Energy's shares surged following the announcement of their Q1 GAAP EPS results, which exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:30 pm

GFS

LOUP

SOXQ

GlobalFoundries Inc (NASDAQ:GFS) reported its fiscal Q1 2024 earnings with a 16% year-on-year revenue decline to $1.55 billion, surpassing analyst estimates. Adjusted EPS was $0.31, beating the consensus of $0.23. Despite a decrease in adjusted gross and operating margins, adjusted EBITDA margin improved. The company, a beneficiary of the US Chips Act, expects Q2 revenue between $1.59 billion and $1.64 billion. GFS stock rose 7.16% following the announcement. Investors can also gain exposure through ETFs LOUP and SOXQ.

Portfolio Pulse from Anusuya Lahiri

May 07, 2024 | 6:28 pm

DK

Delek US shares surged following the announcement of Q1 adjusted EPS results that exceeded market expectations.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:27 pm

PENN

PENN Entertainment shares are trading higher following the announcement that ESPN Bet, associated with PENN, has been named the official sports betting sponsor of the PGA Championship through 2026. This partnership is expected to enhance PENN's visibility and market presence in the sports betting sector, potentially leading to increased user engagement and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:25 pm

NVR

NVR, Inc. (NYSE:NVR) has announced a new share buyback program authorizing the repurchase of up to $750 million of its outstanding common stock. This program, which does not have an expiration date, is part of NVR's ongoing strategy to maximize shareholder value and continues the repurchase initiative that started in 1994. The company will buy back shares from the open market or through privately negotiated transactions, depending on market conditions, but will not purchase shares from its officers, directors, or employee trust plans. As of May 6, 2024, NVR had 3,133,092 total shares of common stock outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 6:24 pm

TJX

TJX Companies (NYSE:TJX) has seen a 23.85% decrease in short interest, now at 9.40 million shares or 0.83% of float, taking 1.85 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards TJX compared to its peers, where the average short interest as a percentage of float is 17.98%.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 6:15 pm