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NKE

Investors have shown a bullish stance in Nike's (NYSE:NKE) options market, with a significant portion of transactions indicating a positive outlook. Benzinga's options scanner revealed 8 notable transactions, with a bullish sentiment in 62% of them. The options activity suggests a target price range for Nike between $80.0 and $105.0. Recent analyst ratings have varied, with Wedbush lowering its rating to Outperform and setting a price target of $115, while B of A Securities upgraded Nike to Buy with a target of $113. Nike's current stock price is down by -1.75%, with a neutral RSI and its next earnings report due in 57 days.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:45 pm

CMG

Financial giants have shown a bullish trend on Chipotle Mexican Grill (CMG) options, with a significant focus on a price range between $2570.0 and $3450.0. Analysis of 17 unusual trades revealed a mix of bullish and bearish sentiments, with a higher volume of calls than puts. Chipotle, the largest fast-casual chain in the U.S., reported systemwide sales of $9.9 billion in 2023. The stock is currently down by -0.94%, trading at $3130.03, with analysts giving mixed reviews and target prices ranging from $2750 to $3340.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:45 pm

JNJ

Johnson & Johnson's shares are trading higher following the announcement of a Plan of Reorganization by its LLT Management subsidiary, aimed at resolving current and future ovarian cancer talc claims.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:44 pm

LIVN

LivaNova shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has increased its financial guidance for FY24, signaling stronger future performance.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:41 pm

EXPI

The Bear Cave released a short report on eXp World Holdings, highlighting additional problems at the company. This report could potentially impact investor sentiment and the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:36 pm

WING

Wingstop Inc (NASDAQ:WING) shares fell despite reporting strong first-quarter FY24 results, with sales growth of 34.1% Y/Y to $145.789 million, surpassing analyst estimates. System-wide sales rose 36.8% to $1.1 billion, with significant increases in domestic same-store sales, digital sales, and average unit volumes (AUVs). Adjusted EBITDA and EPS also beat expectations, and the company raised its FY24 outlook for domestic same-store sales and global net new units. However, shares dropped 4.07% to $369.15.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 2:35 pm

ARKB

BITB

FBTC

GBTC

Bitcoin spot ETFs experienced significant outflows, with $162 million leaving on Tuesday. Grayscale Bitcoin Trust (GBTC) saw the largest withdrawal of $93.2277 million. Fidelity's FBTC and Bitwise's BITB also experienced substantial outflows, while Ark's ARKB was the only one with an inflow. This trend contrasts with the optimism seen in Hong Kong, where new cryptocurrency spot ETFs have been launched with significant interest, despite lower first-day trading volumes compared to the U.S.

Portfolio Pulse from Murtuza Merchant

May 01, 2024 | 2:33 pm

KKR

KKR shares are trading higher following the release of their Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:32 pm

MMM

3M shares are trading higher following an upgrade by JP Morgan from Neutral to Overweight, with a new price target set at $111.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 2:31 pm

UBER

Financial analysis reveals a bearish sentiment among whales trading Uber Technologies (NYSE:UBER) options, with a mix of bullish and bearish trades observed. The analysis indicates a price window of $60.0 to $82.5 for UBER based on options trading volume and open interest. Currently, UBER's stock is slightly up by 0.24% at $66.43, with expert opinions suggesting a higher target price of up to $93.6 despite the bearish options sentiment.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 2:31 pm