Streetbeat News

Stock Prices

TFC

Truist Financial Corp's (NYSE:TFC) short interest has decreased by 9.8%, now standing at 12.28 million shares or 0.92% of its float. This decline suggests a more bullish sentiment among investors compared to the last report. With a peer group average short interest of 3.89%, TFC has significantly less short interest, indicating potentially less bearish sentiment towards it compared to its peers. The article emphasizes the importance of short interest as a market sentiment indicator.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:45 pm

GCOW

QUVU

Unilever PLC (NYSE:UL) shares rose following its Q1 FY24 earnings report, showing a 1.4% Y/Y turnover increase to 15.0 billion euros, with underlying sales growing 4.4%. The company saw strong performance across its Power Brands, Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. Unilever reiterated its FY24 sales growth outlook of 3% to 5%, with a focus on volume growth. Last month, Unilever announced plans to separate its Ice Cream business. UL shares are up 6.22% at $51.06.

Portfolio Pulse from Lekha Gupta

April 25, 2024 | 5:43 pm

TSLA

WKSP

Tesla Inc (TSLA) is refocusing on affordable EVs to regain its market position, while Worksport Ltd (WKSP) is innovating in the EV accessories market, signaling potential growth with its solar-powered truck bed cover and portable battery system. Despite a slowdown in the EV market, both companies are adapting through innovation, with Worksport expecting a significant sales increase in 2024 and Tesla facing slower growth but continuing to innovate.

Portfolio Pulse from Upwallstreet

April 25, 2024 | 5:39 pm

TDG

VRT

Today's whale activity in the Industrials sector highlighted significant options trading, with bullish sentiment dominating across several companies including VRT, GE, LUV, ZIM, DAL, UBER, and FTAI, while BA, TDG, and FIX saw bearish movements. The trades varied in expiration dates, strike prices, and total trade prices, indicating diverse strategies and expectations from large investors.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

COIN

JPM

SOFI

UBS

Today's session highlighted significant options activity for financial stocks, with notable whale alerts across various companies. These alerts indicate large transactions in options, suggesting potential market movements. Bullish sentiments were observed in SOFI, COIN, JPM, UBS, C, and TW options, while HSBC and RILY showed bearish sentiments. SQ and KNSL had neutral positions. The activity suggests investors' strategies and market expectations ahead of these stocks' future performances.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

AMD

AVGO

MSFT

NVDA

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions, revealing market sentiment and possible price movements. Notable activities include bearish calls on NVDA and AMD, bullish calls on MSFT, SMCI, MU, INTC, IBM, and MARA, and a neutral stance on AVGO. The options activity, characterized by trades and sweeps, suggests varied investor expectations for these stocks.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:35 pm

GDX

META

NEM

Wall Street faced a downturn due to Meta Platforms Inc.'s weak revenue forecast and concerns of U.S. stagflation, with the S&P 500, Nasdaq 100, and Dow Jones all declining. Gold miners like Newmont Corp. saw gains, while major companies reported mixed earnings results, impacting their stock prices.

Portfolio Pulse from Piero Cingari

April 25, 2024 | 5:30 pm

AVGO

MRVL

NVDA

TSM

Semiconductor stocks are trading higher, potentially in anticipation of Intel's upcoming earnings report, despite a broader weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 5:30 pm

CRPT

MSTR

MVPA

Benchmark analyst Mark Palmer reiterated a Buy rating on MicroStrategy Inc (NASDAQ:MSTR) with a $1875 price target, highlighting its significant share price increase since adopting a bitcoin acquisition strategy in August 2020. Despite facing $2.269 billion in cumulative impairment losses due to FASB rule ASC 350, the new FASB standard ASU 2023-08 allows for fair value measurement of crypto assets, potentially impacting MSTR's earnings positively if adopted early. MSTR's early adoption could increase its 2024 beginning retained earnings balance by ~$3.1 billion. MicroStrategy stock has gained 327% in the last 12 months, and investors can also gain exposure through ETFs like CRPT and MVPA.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 5:29 pm

AMZN

Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $200, anticipating double-digit sales and profit growth in Q1 2024. Feldman projects a 12.4% sales increase to $143.2 billion and operating income of $11.1 billion, driven by online spending, AWS growth, and high-margin categories like advertising and media. Despite a current 2.66% drop in AMZN shares to $171.90, the outlook is positive due to market share gains, a redesigned distribution network, and solid expense control.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 5:27 pm