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NFLX

Netflix (NASDAQ:NFLX) reported strong Q1 2024 earnings, with a 14.8% year-over-year revenue increase to $9.37 billion and EPS of $5.28. The company is on track to monetize about 40 million borrowers by the end of 2024, converting account sharers into paying customers. This strategy, along with an ad-tier plan, is expected to drive further growth. Analysts from Evercore ISI Group, B of A Securities, and Oppenheimer project a 26.03% upside for NFLX, with an average price target of $691.67.

Portfolio Pulse from Surbhi Jain

April 25, 2024 | 2:20 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 25th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for these assets and highlights the importance of upcoming economic data releases and tech company earnings, which could significantly impact market dynamics and volatility.

Portfolio Pulse from RIPS

April 25, 2024 | 2:20 pm

CAT

Caterpillar Inc (NYSE:CAT) reported a slight decrease in Q1 fiscal 2024 revenue to $15.8 billion, missing consensus estimates and leading to a 7.51% drop in its stock price. Despite a year-over-year increase in adjusted earnings per share, sales were impacted by reduced equipment sales, adverse currency impacts, and a decline in Machinery, Energy & Transportation segment revenue. The company anticipates 2024 sales and revenues to be similar to 2023, with no significant change in machine dealer inventory and expects the adjusted operating profit margin to be in the top half of the target range.

Portfolio Pulse from Akanksha Bakshi

April 25, 2024 | 2:15 pm

PTSI

SNY

ULBI

Sanofi SA reported better-than-expected first-quarter earnings, leading to a 5.5% increase in its stock price. Other companies like P.A.M. Transportation Services, Ultralife Corporation, Impinj, Inc., and several more also saw significant gains following positive financial results or guidance. Despite a general downturn in the market, these companies outperformed due to strong earnings reports or optimistic future projections.

Portfolio Pulse from Avi Kapoor

April 25, 2024 | 2:15 pm

Macy's (NYSE:M) reported a decrease in short interest, with 16.65 million shares sold short, representing 6.84% of its float. This marks a 10.47% decline from the last report. The current short interest suggests a bullish sentiment among investors, as it takes approximately 2.31 days to cover all short positions. Compared to its peers, Macy's has a lower short interest percentage, indicating less bearish sentiment relative to its peer group average of 9.07%.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

Philip Morris Intl (NYSE:PM) has seen a 9.3% increase in short percent of float since its last report, with 7.33 million shares sold short, representing 0.47% of available shares. The short interest in PM is lower than its peer group average of 9.93%. This rise in short interest indicates a more bearish market sentiment towards PM, but it's not necessarily a predictor of a near-term price drop.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

BTBT

Bit Digital (NYSE:BTBT) has seen a 13.95% increase in short interest since its last report, with 18.13 million shares sold short, representing 15.52% of its float. This is higher than the peer group average of 8.17%. The rise in short interest suggests a bearish market sentiment, but it's also noted that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 2:15 pm

FXI

RCL

A Royal Caribbean executive announced during a conference call that the company has made its return to the China market this month.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:13 pm

LEEEF

LEEF Brands, Inc. (OTC:LEEEF) announced a partnership with NBA All-Star Rudy Gobert, making him a brand ambassador for their wellness products. This collaboration aims to promote LEEF's brands and support Rudy's Kids Foundation, a children's charity founded by Gobert. The partnership follows the NBA and NBPA's decision to allow players to invest in cannabis companies. LEEF Brands shares closed 2.55% higher at $0.019 after the announcement.

Portfolio Pulse from Nina Zdinjak

April 25, 2024 | 2:11 pm

EQR

Evercore ISI Group analyst Steve Sakwa has maintained an Outperform rating on Equity Residential (NYSE:EQR) and increased the price target from $67 to $70.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:09 pm