Streetbeat News

Stock Prices

SMCI

Super Micro Computer shares are trading lower due to overall weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:33 pm

DKNG

DraftKings (NASDAQ:DKNG) has seen significant options trading activity, with a bullish sentiment from investors. Analysis of 11 trades shows a preference for calls over puts, indicating expectations of a price increase. The targeted price range is $43.0 to $65.0. DraftKings operates in online sports and casino gambling, holding a strong market position. Recent trading volume was 1,919,618, with a slight price decrease of -2.25%, and an RSI suggesting a potential overbought status. Analysts have given an average target price of $55.2, with varying ratings from Positive to Market Outperform.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:31 pm

CHX

MEG

SLB

ChampionX Corporation shares surged 9.5% after Schlumberger Limited announced its acquisition. Other stocks like VirTra, Inc., TMC the metals company Inc., and Montrose Environmental Group also saw significant gains following positive financial results and strategic moves. The overall market was down, with the Dow Jones dropping around 400 points.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 2:31 pm

SOFI

Deep-pocketed investors have shown a bullish sentiment towards SoFi Techs (NASDAQ:SOFI), with a notable increase in options activity. Benzinga's tracking revealed 60% bullish and 40% bearish sentiment among these investors, targeting a price range of $3.5 to $7.5. The company, known for its financial services, has seen a recent price drop of -2.49%, with an RSI indicating a neutral position. Analysts have mixed views, with target prices ranging from $3 to $12.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:30 pm

MOH

Molina Healthcare (NYSE:MOH) has delivered an average annual return of 15.54% over the past 20 years, turning a $100 investment into $1,815.24 today. With a current market cap of $22.86 billion, MOH's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:30 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has significantly outperformed the market with an annualized return of 47.44% over the past 5 years, turning a $1000 investment into $6,941.67 today. The company now has a market capitalization of $8.31 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 2:30 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares dropped after reporting a year-over-year decline in vehicle production and deliveries for Q1, marking the first such decline since 2020. The decrease was attributed to the early production ramp of the updated Model 3, factory shutdowns due to the Red Sea conflict, and an arson attack at Gigafactory Berlin. Despite these challenges, Tesla achieved its highest quarterly deployment of energy storage products. The company faces pressure from waning demand in the EV industry and a pricing war with competitors. Tesla is set to report Q1 financial results on April 23, with analysts expecting earnings of 60 cents per share on $24.067 billion in revenue.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 2:28 pm

AMD

ASML

AVGO

KLAC

LSCC

NVDA

ON

Semiconductor stocks, including AMD, ASML, AVGO, KLAC, LSCC, NVDA, and ON, are trading lower due to a decline in tech sector strength as Treasury yields increase.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:25 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 2nd, 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. It outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. The memo also highlights the importance of staying alert to market changes, with a note on expected volatility due to the JOLTS Job Openings release and Fed speeches.

Portfolio Pulse from RIPS

April 02, 2024 | 2:22 pm

BMEA

JP Morgan analyst Gavin Scott downgrades Biomea Fusion (BMEA) from Overweight to Neutral and lowers the price target from $51 to $14.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:22 pm