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STRA

Strategic Education's stock (STRA) trades higher following the announcement of Q1 2024 earnings and sales surpassing expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:53 pm

BTCUSD

IBIT

Technical analyst Ali Martinez warns that Bitcoin (BTC) could drop to $61,000 or $59,000 if it falls below $63,300, based on a death cross and a red 9 candlestick on the 12-hour chart. This comes amid decreased exchange inflows and outflows, and a challenging day for cryptocurrency investments highlighted by no net inflows to BlackRock's iShares Bitcoin Trust (IBIT) and net outflows from spot Bitcoin ETFs.

Portfolio Pulse from Khyathi Dalal

April 25, 2024 | 2:52 pm

CAT

IBM

META

MRK

QQQ

SPY

TSLA

Meta Platforms Inc (META) fell 15% despite excellent earnings due to AI spending concerns, while Tesla Inc (TSLA) rose 12% on poor earnings but promising AI investment. The divergence is attributed to Wall Street's positioning ahead of the earnings. Other notable earnings include IBM, Caterpillar Inc. (CAT), and Merck & Co Inc (MRK) with mixed results. Early trade shows negative money flows in major tech stocks and ETFs like SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also discusses market mechanics, treasury auctions, jobless claims, GDP data, and investment strategies.

Portfolio Pulse from The Arora Report

April 25, 2024 | 2:51 pm

WTW

Willis Towers Watson shares are trading lower following the announcement of Q1 sales results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:51 pm

LH

Laboratory Corp shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:49 pm

TSCO

Tractor Supply Company (NASDAQ:TSCO) shares fell despite Q1 earnings per share of $1.83 beating estimates of $1.71 and revenues of $3.395 billion aligning with expectations. The decline was possibly due to the slower growth in comparable store sales, which increased by 1.1% compared to 2.1% in the previous year. The company also reiterated its FY24 outlook, expecting GAAP EPS of $9.85-10.50 and sales of $14.700 billion-15.100 billion.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 2:49 pm

NXL

Nexalin Technology, Inc. (NXL) announced it has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq. CEO Mark White emphasized the company's commitment to revolutionizing mental health and neurological condition treatments through non-invasive technology and highlighted the importance of Nasdaq listing for investor exposure.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:49 pm

DOV

Dover shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also revised its FY24 guidance upwards.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:48 pm

VRT

Vertiv Holdings' shares surged following upgrades in price targets by multiple firms and a positive earnings report. The company exceeded Q1 expectations and uplifted its 2024 financial outlook.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:47 pm

AMD

Recent options trading trends for Advanced Micro Devices (NASDAQ:AMD) show a bearish sentiment among investors, with 58% of trades being bearish. The trading activity suggests a price range of $135.0 to $195.0 for AMD over the next three months. Significant options trades have been detected, with a mix of bearish, neutral, and bullish sentiments. AMD's stock is currently up by 0.43%, with an average analyst target price of $205.0. The company is known for its digital semiconductors used in various applications, including PCs, gaming consoles, and data centers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:46 pm