Streetbeat News

Stock Prices

AMD

AVGO

MSFT

NVDA

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing market sentiment and possible price movements. Notable activities include bearish calls on NVDA and AMD, bullish calls on MSFT, SMCI, MU, INTC, IBM, and MARA, and a neutral stance on AVGO. The options activity, characterized by trades and sweeps, suggests varied investor expectations for these stocks.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

GDX

META

NEM

Wall Street faced a downturn due to Meta Platforms Inc.'s weak revenue forecast and concerns of U.S. stagflation, with the S&P 500, Nasdaq 100, and Dow Jones all declining. Gold miners like Newmont Corp. saw gains, while major companies reported mixed earnings results, impacting their stock prices.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 5:30 pm

AVGO

MRVL

NVDA

TSM

Semiconductor stocks are trading higher, potentially in anticipation of Intel's upcoming earnings report, despite a broader weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:30 pm

CRPT

MSTR

MVPA

Benchmark analyst Mark Palmer reiterated a Buy rating on MicroStrategy Inc (NASDAQ:MSTR) with a $1875 price target, highlighting its significant share price increase since adopting a bitcoin acquisition strategy in August 2020. Despite facing $2.269 billion in cumulative impairment losses due to FASB rule ASC 350, the new FASB standard ASU 2023-08 allows for fair value measurement of crypto assets, potentially impacting MSTR's earnings positively if adopted early. MSTR's early adoption could increase its 2024 beginning retained earnings balance by ~$3.1 billion. MicroStrategy stock has gained 327% in the last 12 months, and investors can also gain exposure through ETFs like CRPT and MVPA.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 5:29 pm

AMZN

Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $200, anticipating double-digit sales and profit growth in Q1 2024. Feldman projects a 12.4% sales increase to $143.2 billion and operating income of $11.1 billion, driven by online spending, AWS growth, and high-margin categories like advertising and media. Despite a current 2.66% drop in AMZN shares to $171.90, the outlook is positive due to market share gains, a redesigned distribution network, and solid expense control.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 5:27 pm

GPS

Goldman Sachs analyst Brooke Roach maintains a Buy rating on Gap (NYSE:GPS) and raises the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:19 pm

PDD

Deep-pocketed investors have shown a bullish trend in options trading for PDD Holdings (NASDAQ:PDD), with a significant activity spike observed by Benzinga. The trading patterns suggest a price target range between $70.0 and $190.0. The largest trades include both bullish and bearish sentiments, with calls outnumbering puts. PDD Holdings, a multinational commerce group, has seen its stock price decrease by -1.58%, with a current price of $125.53. The next earnings report is expected in 29 days, and the current RSI values hint at a potential overbought condition.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:15 pm

ROKU

Investors have shown a bearish stance on Roku (NASDAQ:ROKU), with unusual options activity indicating a split sentiment among big-money traders. Benzinga's options scanner revealed 16 uncommon trades, with a bearish sentiment prevailing. The options trades suggest a price window of $45.0 to $105.0 for ROKU. The largest trades include both calls and puts, with varying sentiments and strike prices. Roku's current market status shows a slight increase in stock price, with a neutral RSI and an upcoming earnings report. Analyst opinions on ROKU are mixed, with target prices ranging from $45 to $115.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:15 pm

PLTR

Palantir Technologies Inc. is leveraging a unique 'rock concert' style boot camp approach to boost its commercial sales, significantly benefiting from the AI boom. These events, blending hackathons, conferences, and parties, have been instrumental in attracting new customers without a traditional sales team. CEO Alex Karp's strategy focuses on showcasing the company's AI Platform (AIP) product, with plans to increase the number of boot camps in 2024. This approach has contributed to a notable increase in U.S. commercial sales, with expectations for commercial revenue to surpass government revenue next year. Palantir's stock has seen a 24% increase since the beginning of the year, despite a slight drop in its latest trading session.

Portfolio Pulse from Adam Eckert

April 25, 2024 | 5:15 pm

Recent unusual options activity in Visa (NYSE:V) indicates a bullish sentiment among deep-pocketed investors, with a significant volume of calls over puts. The activity suggests a price target range of $250.0 to $355.0 for Visa in the coming months. Visa's current trading volume and price show a slight increase, with a neutral RSI indicator. Analysts have mixed ratings on Visa, with an average target price of $303.6, ranging from $265 to $325.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:15 pm