Streetbeat News

Stock Prices

IWM

SPY

XLRE

The March Consumer Price Index report showed inflation rates higher than expected, affecting investor expectations for Federal Reserve rate cuts and impacting stock and bond markets. The SPDR S&P 500 ETF Trust (SPY), iShares Russell 2000 ETF (IWM), and Real Estate Select Sector SPDR Fund (XLRE) experienced declines in response. Economists and market experts provided varied reactions, highlighting the challenges for the Fed and potential impacts on the economy and financial markets.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 3:26 pm

DIS

Argus Research analyst Joseph Bonner maintains a Buy rating on Walt Disney (NYSE:DIS) and raises the price target from $125 to $140, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:25 pm

GBTC

IBIT

Bitcoin ETF outflows decreased to $19.48 million, with Grayscale's GBTC experiencing a $154 million outflow and BlackRock's IBIT seeing a $128 million inflow. Hong Kong is preparing to launch Bitcoin spot ETFs, with an announcement expected on April 15. Meanwhile, VanEck expressed concerns over the uncertain approval timeline for a US-based Ethereum ETF, highlighting the lack of response from the SEC.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 3:22 pm

TSLA

Tesla shares are trading lower following price target reductions by analysts at Jefferies and Piper Sandler.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:20 pm

SVNDF

SVNDY

Seven & I Holdings Co., Ltd. is considering a potential listing of its Ito-Yokado segment to focus on expanding its 7-Eleven franchise. The company aims to create a globally integrated CVS management structure and refine its Superstore business for re-growth. This move comes after pressure from ValueAct Capital Management for structural reform and valuation improvement, including potential store closures. Despite a slight decline in net sales, Seven & I reported a 5.5% increase in operating profit in its latest fiscal year. The company also plans share buybacks and a stock split, although its outlook slightly trails analysts' projections.

Portfolio Pulse from Shivani Kumaresan

April 10, 2024 | 3:18 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen a bearish trend in options trading, with 70% of trades being bearish. The trading volume and open interest suggest a price band focus between $30.0 and $55.0. Currently, AFRM's stock price is down by -4.66%, trading at $33.72, with an RSI indicating a neutral position. The anticipated earnings release is in 27 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:17 pm

AMD

INDI

NXPI

TXN

WOLF

Semiconductor-related stocks, including AMD, INDI, NXPI, TXN, and WOLF, are trading lower due to weakness in tech following hotter-than-expected March inflation, leading to rate cut uncertainty.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:16 pm

FIHL

Keefe, Bruyette & Woods analyst Meyer Shields maintains an Outperform rating on Fidelis Insurance Holdings (NYSE:FIHL) and raises the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:14 pm

MNDR

Mobile-Health Network Solutions' shares resumed trading but were quickly halted again due to a circuit breaker triggered by a sharp decline in their stock price.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:12 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 10th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed analysis and price levels for each, suggesting potential breakouts or reversals. The memo also highlights the importance of the upcoming CPI data release and Federal Reserve officials' remarks, which could significantly impact market volatility and trading strategies.

Portfolio Pulse from RIPS

April 10, 2024 | 3:11 pm