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NEM

Newmont (NYSE:NEM) has seen a significant surge in options activity, with a bearish stance by big-money investors. Benzinga's options scanner revealed 13 unusual trades, indicating a mixed sentiment with 38% bullish and 53% bearish. The trades suggest a target price range of $30.0 to $55.0 for Newmont. The company, the world's largest gold miner, recently acquired Newcrest and is expected to sell some higher cost mines. Current stock price is down -2.67% at $41.13, with analysts giving mixed ratings.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:31 pm

MUSQ

SIRI

UFO

Sirius XM Holdings Inc (NASDAQ: SIRI) reported a slight revenue growth in Q1 2024, with a 1% increase year-on-year to $2.16 billion, surpassing consensus estimates. Despite a dip in subscriber numbers, advertising revenue saw significant growth. The company's adjusted EPS met expectations, and it reiterated its FY24 outlook, maintaining revenue and adjusted EBITDA forecasts. Sirius XM's stock has seen a decline over the past year, with a notable 5.3% drop recently. The company is also featured in the Procure Space ETF (NASDAQ: UFO) and Exchange Traded Concepts Trust MUSQ Global Music Industry ETF (NYSE: MUSQ).

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 2:30 pm

VRT

Vertiv Hldgs (NYSE:VRT) has significantly outperformed the market over the past 5 years, with an annualized return of 56.68%, growing a $100 investment to $944.36. The company now has a market capitalization of $35.71 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:30 pm

ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an average annual return of 43.21% over the past 5 years, turning a $1000 investment into $6,068 today. The company now has a market capitalization of $9.36 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:30 pm

EAT

Brinker International Inc (NYSE:EAT), the parent company of Chili's, saw its shares increase after reporting a 3.4% year-on-year revenue growth to $1.120 billion for Q3 FY24, in line with estimates. Comparable restaurant sales rose, with Chili's at 3.5% and Maggiano's at 1.7%. Operating margin expanded to 6.2%, and operating income rose 8.8% to $69.9 million. Adjusted EBITDA and EPS also saw increases, with EPS beating consensus. Brinker raised its FY24 EPS and revenue outlook, leading to a 6.78% stock price increase.

Portfolio Pulse from Shivani Kumaresan

April 30, 2024 | 2:29 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) is set to release its Q2 FY2024 earnings on April 30, 2024, with analysts forecasting an EPS of 79 cents, up from 74 cents the previous year, and revenue of $9.13 billion. The company's Board approved a quarterly dividend of 57 cents per share. Shares slightly rose by 0.1% to $88.33 recently. Analysts from Wedbush, Guggenheim, Citigroup, Stifel, and Wells Fargo have provided varied ratings and price targets for Starbucks, reflecting cautious optimism.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 2:25 pm

LLY

TSLA

Eli Lilly raised its guidance, indicating a positive outlook, while Tesla experienced a pullback in its stock price. Additionally, Treasury yields saw an increase, reflecting changes in the investment landscape.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

Today's Market Clubhouse Morning Memo focuses on trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, offering detailed analysis and price targets based on a proprietary formula. The memo highlights potential breakouts or reversals for these stocks and ETFs, advising traders to stay alert to market conditions. Significant economic data releases and post-market earnings from major companies are expected to contribute to market volatility. The memo is part of exclusive content provided to Market Clubhouse members, offering insights and real-time mentorship from pro trader RIPS.

Portfolio Pulse from RIPS

April 30, 2024 | 2:19 pm

MULN

Shares of Mullen Automotive were halted due to a circuit breaker triggered by a rapid increase in stock price, now up 21.3%.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:19 pm

THFF

First Financial (NASDAQ:THFF) reported Q1 2024 earnings of $0.93 per share, missing the consensus estimate of $0.98. Quarterly sales were $48.351M, below the $50.789M estimate, marking a 9.98% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:18 pm