Streetbeat News

Stock Prices

AMZN

CVNA

CZR

DNUT

LULU

MGM

PLAY

VFC

Today's session revealed significant whale activity in the consumer discretionary sector, with notable options trading on stocks like VFC, CVNA, PLAY, DNUT, CZR, AMZN, SN, MGM, LULU, and JD. The trades predominantly showed a bearish sentiment, except for LULU which was bullish. This activity could indicate large investors' expectations on these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

AMD

CLSK

ENPH

MARA

MSFT

NVDA

SEDG

SNOW

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, SEDG, MARA, SNOW, ENPH, CLSK, MSFT, ZS, AMD, and AI. The activity ranged from neutral to bearish puts and bullish to bearish calls, indicating varied investor sentiment across these stocks. The transactions involved substantial trade prices and volumes, suggesting potential shifts in market dynamics for these companies.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

LYV

SEAT

SPY

StubHub is reportedly targeting a valuation exceeding $16.5 billion in a potential IPO slated for the summer. This move is seen as a significant test of the market's appetite for new stock listings.

Portfolio Pulse from Charles Gross

April 12, 2024 | 5:32 pm

NFLX

OND

SOCL

SPOT

Keybanc analyst Justin Patterson maintained Spotify Technology SA (NYSE:SPOT) with an Overweight rating and raised the price target from $300 to $350, anticipating a surge in subscriber base and revenue per user. Patterson expects Spotify's 2024 revenue to be €15.4 billion and 2025 revenue to be €18.0 billion, with a slight increase in ARPU growth. He introduced a 2026 revenue forecast of €20.6 billion with an operating profit of €2.2 billion. The price target increase reflects higher revenue and profitability forecasts, with comparisons made to Netflix Inc's (NASDAQ:NFLX) EV/S multiple expansion. Spotify's stock has gained 130% in the last 12 months, and investors can also gain exposure through Global X Social Media ETF (NASDAQ:SOCL) and ProShares On-Demand ETF (NYSE:OND).

Portfolio Pulse from Anusuya Lahiri

April 12, 2024 | 5:32 pm

DHR

Deep-pocketed investors are showing a bearish sentiment towards Danaher (NYSE:DHR), with a significant move in options trading. Benzinga's tracking revealed 9 extraordinary options activities, with a majority being puts. The trading focuses on a price band between $230.0 and $247.5. Despite this, an analyst from Barclays maintains an Equal-Weight rating on DHR, with a target price of $260. The company's stock is currently down by -0.87%, with an earnings announcement expected in 11 days.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:32 pm

Recent analysis of Verizon Communications (NYSE:VZ) options activity reveals a split sentiment among big-money investors, with an equal number of bullish and bearish trades. The activity, involving both puts and calls, suggests expectations for VZ's stock price to fluctuate between $33.0 and $40.5. Despite this, the stock's current performance is slightly down, with neutral RSI indicators and upcoming earnings expected in 10 days. Market experts have varying opinions on VZ, with target prices ranging from $39 to $48.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:31 pm

SLGWF

SLANG Worldwide Inc. (OTCQB:SLGWF) reported a 56% YoY decrease in Q4 total comprehensive loss and a 37% decrease in Q4 revenue. FY 2023 saw a 7% revenue decrease but a 34% decrease in total comprehensive loss. The company highlighted a strategic focus on profitable growth, resulting in higher margins and lower operating expenses. SLANG's shares dropped 5.8824% to $0.028 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

April 12, 2024 | 5:31 pm

MPWR

Over the past 15 years, Monolithic Power Systems (NASDAQ:MPWR) has delivered an average annual return of 27.8%, outperforming the market by 14.96% annually. A $100 investment in MPWR 15 years ago would be worth $3,955.91 today. The company's current market capitalization stands at $32.22 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:30 pm

MSTR

Over the past 10 years, MicroStrategy (NASDAQ:MSTR) has produced an average annual return of 30.23%, outperforming the market by 19.63%. A $100 investment in MSTR a decade ago would now be worth $1,426.30, with the company currently valued at a market capitalization of $24.86 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:30 pm

BLK

BlackRock, Inc. (NYSE:BLK) reported Q1 revenue growth of 11% year over year to $4.728 billion, beating consensus but saw shares trading lower due to concerns over fee rate dynamics. Management fees missed consensus by 1%, with equity fee rates and Alts fee rate declining. iShares drove $55 billion of flows, and despite mixed results, future growth is anticipated with significant mandates in wealth, institutional, and Aladdin sectors.

Portfolio Pulse from Nabaparna Bhattacharya

April 12, 2024 | 5:27 pm