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ETSY

PINS

Etsy Inc (NASDAQ:ETSY) shares rose following positive comments from Elliott Investment Management at the Sohn Conference. Elliott's managing partner, Jesse Cohn, highlighted Etsy's potential for significant growth, comparing it to Pinterest Inc (NYSE:PINS), where Elliott has influence. Cohn sees opportunities for Etsy in product engagement, monetization, and increasing buyer spending. Etsy's revenue has grown at an average rate of 40.78% annually over the past five years, with analysts predicting a 19.01% upside in 2025. Despite a year-to-date decline of nearly 20%, Etsy's stock was up 1.86% at the time of publication.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 3:48 pm

NFLX

Netflix (NASDAQ:NFLX) has seen a surge in options activity, with a bearish sentiment prevailing among investors. Analysis of 36 trades reveals 30% bullish and 69% bearish expectations. The price target window is between $300 and $800. Recent options trading patterns indicate a focus on high-value trades within this price range. Netflix's business model, focusing on streaming services without live programming, has garnered nearly 250 million subscribers globally. The stock is currently up 0.3% at $632.0, with potential overbought signals. Analyst ratings suggest a consensus target price of $685.0, with varying recommendations from Outperform to Neutral.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:46 pm

WFC

Wells Fargo (NYSE:WFC) has seen a significant surge in options activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 9 trades, predominantly bullish, targeting a price window of $35.0 to $60.0. The stock is currently up by 0.61% at $57.48, with an anticipated earnings release in 8 days. This unusual options activity could indicate insider knowledge or a strong market move expectation.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:46 pm

GLD

SLV

Gold has seen a 7% increase over the last 8 trading sessions, reaching all-time highs above $2,300, driven by its value as an inflation hedge and central bank reserve component. Silver, with both precious and industrial properties, is positioned for demand growth, especially with industrial production increases in China. The iShares Silver Trust (SLV) has begun outperforming the SPDR Gold Shares (GLD), indicating a potential trend where silver may outperform gold due to its dual appeal in reflation and industrial expansion scenarios.

Portfolio Pulse from Kevin Green

April 04, 2024 | 3:44 pm

BORR

Borr Drilling Limited (NYSE:BORR) shares fell over 5% due to a notice of temporary suspension of operations for its rig 'Arabia I' in Saudi Arabia for up to 12 months, starting in Q2. The company plans to seek alternative engagement for the rig during this period. Despite this setback, Borr Drilling has secured several new contracts in 2023, adding $728 million, with an implied rate of approximately $161,000 per day. Firm contracts and priced options already cover 87% of available capacity in 2024. Over the past year, BORR stock has lost over 23%.

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:40 pm

GOOGL

Alphabet Inc Class A (NASDAQ:GOOGL) has experienced an 83% surge, breaking out of a long consolidation phase and reaching beyond its all-time high, with a current aim for the $200 milestone. This marks a significant turnaround from its previous fluctuation between $83 and $150, indicating a potential start of a strong bullish trend.

Portfolio Pulse from Zaheer Anwari

April 04, 2024 | 3:38 pm

SPOT

Spotify shares are trading higher following the announcement of price increases and the appointment of a new CFO.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:36 pm

GE

GE Aerospace's stock is trading higher after the completion of the GE Vernova spin-off, with multiple analysts maintaining bullish ratings on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:32 pm

HDB

HDFC Bank's shares are trading higher following a report that the bank's deposits grew by 7.5% in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:32 pm

GPS

RSPD

SMRI

TPR

Tapestry, Inc. (NYSE:TPR) shares fell after its subsidiary Coach filed a trademark infringement lawsuit against The Gap, Inc. (NYSE:GPS) for selling T-shirts with the word 'Coach'. Coach claims this causes confusion and 'irreparable harm' to its luxury brand image, seeking damages and the destruction of unsold infringing inventory. Investors can also engage with Tapestry through ETFs like Invesco S&P 500 Equal Weight Consumer Discretionary ETF (NYSE:RSPD) and Bushido Capital US Equity ETF (NASDAQ:SMRI).

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 3:31 pm