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TMO

Thermo Fisher Scientific (NYSE:TMO) has seen a surge in options activity, with a balanced mix of bullish and bearish sentiments among investors. The activity involves significant trades within a price window of $520.0 to $590.0. Current market data shows TMO's stock price up by 1.32% at $551.96, with an RSI indicating a neutral position. Analysts from Evercore ISI Group, HSBC, and Goldman Sachs maintain positive ratings, with target prices ranging from $610 to $660. The company's anticipated earnings release is in 2 days, adding to the investor interest.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:45 pm

TEVA

VNDA

The U.S. Supreme Court declined to review Vanda Pharmaceuticals Inc's (NASDAQ:VNDA) appeal to revive patents for its sleep-disorder drug Hetlioz, previously invalidated in a legal battle with Teva Pharmaceutical Industries Limited (NYSE:TEVA) and Apotex. This decision leaves Vanda without patent protection for Hetlioz, impacting its ability to exclusively sell the drug. Vanda's annual revenue from Hetlioz sales surpassed $100 million in 2023, but the company's shares dropped 4.21% to $4.89 following the news.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 6:37 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has decreased by 15.41% since the last report, with 5.09 million shares sold short, representing 4.5% of its float. This decline in short interest could indicate a more bullish sentiment towards EXPE among traders. The current short interest is below the peer group average of 5.86%, suggesting a relatively positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:30 pm

CSX

CSX Corporation's (NYSE:CSX) short interest has increased by 6.67% since the last report, with 25.09 million shares sold short, representing 1.28% of its available shares. This indicates a bearish market sentiment towards CSX, although it has less short interest compared to its peers' average of 6.45%. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:30 pm

PAA

Plains All American (NYSE:PAA) has seen a decrease in short interest, now at 2.22% of its float, lower than the peer group average of 3.93%. This indicates a potential shift in market sentiment towards the stock, with fewer shares being shorted compared to its last report.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:30 pm

NFLX

Netflix Inc (NASDAQ:NFLX) reported first-quarter earnings with a revenue of $9.4 billion and a profit per share of $5.28, surpassing analyst expectations. The company added 9.3 million paid net subscribers, reaching 270 million global subscribers. Despite the positive earnings report, Netflix's stock experienced volatility, opening nearly 7% lower and closing down by 9% after the announcement. The stock has rallied 234% from a May 2022 low but has shown a 9% decline since April, with investors watching the $500 support level.

Portfolio Pulse from Zaheer Anwari

April 22, 2024 | 6:29 pm

PHIO

Phio Pharmaceuticals Corp (NASDAQ:PHIO) shares surged after announcing new data on its lead clinical product, PH-762, showing positive preclinical results and supporting its ongoing clinical trial for various carcinomas. The stock experienced a significant volume increase, trading over 5 million shares compared to its average of 314.3K.

Portfolio Pulse from Vandana Singh

April 22, 2024 | 6:29 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has been recognized by Consumer Reports' 2023 Annual Auto Surveys as the automotive brand with the lowest maintenance and repair costs. The surveys, which collected data from thousands of vehicle owners in the U.S., confirm the long-held belief that electric vehicles, like those produced by Tesla, offer significantly reduced repair and maintenance expenses compared to gasoline vehicles. German luxury brands such as Audi, BMW, Mercedes-Benz, and Porsche were identified as having the highest costs.

Portfolio Pulse from Benzinga EV Insights

April 22, 2024 | 6:26 pm

SQ

BofA Securities analyst Jason Kupferberg reiterated a Buy rating on Block, Inc (NYSE:SQ) with a price target of $93, citing underperformance ahead of Q1 earnings as a compelling opportunity. Expectations for in-line Q1 gross profit and potentially exceeding adjusted EBITDA forecasts are set, with potential for significant multiple expansion if Square meets its 2026 "Rule of 40" targets. Kupferberg expects in-line+ Q1 results, reasonable Q2 estimates, and potential for upward revision in profitability outlook for 2024. Critical metrics for Square and Cash App, including gross payment volume, international growth, monthly active users, and monetization rates, will be closely monitored. SQ shares traded higher by 1.99% at $71.82.

Portfolio Pulse from Anusuya Lahiri

April 22, 2024 | 6:24 pm

HOOD

Robinhood Markets' stock (HOOD) is trading higher following an Overweight rating confirmation and a price target increase from $22 to $23 by KeyBanc.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 6:23 pm