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ANGO

AngioDynamics' stock price increased following an upgrade from Oppenheimer, moving from Perform to Outperform with a new price target of $12.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:53 pm

DIA

IWM

QQQ

SPY

Stocks rebounded with major indexes higher after Thursday's dip, driven by March job growth figures surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:45 pm

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares have fallen over 30% in the past five days amid concerns over its financial health and a request for a probe into its merger with Digital World Acquisition. The Congressional Integrity Project has asked for an investigation into potential influence peddling and corruption. Trump Media reported a revenue of $4.13 million for 2023 but warned of ongoing financial losses and negative cash flows.

Portfolio Pulse from Erica Kollmann

April 05, 2024 | 5:41 pm

BMY

TSVT

The FDA approved Bristol-Myers Squibb (BMY) and 2seventy Bio Inc's (TSVT) Abecma for earlier use in pretreated blood cancer patients, expanding its indication. The approval, based on the KarMMa-3 trial, shows Abecma extends progression-free survival in patients with relapsed or refractory multiple myeloma. The FDA also updated Abecma's boxed warning to include secondary cancer risks.

Portfolio Pulse from Vandana Singh

April 05, 2024 | 5:37 pm

MRVL

NVDA

BofA Securities analyst Vivek Arya reaffirmed a Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) with a price target of $95, highlighting its potential in the AI chip market. Arya anticipates Marvell to showcase its diverse assets at an upcoming event, projecting a significant market opportunity in custom AI accelerators/server ASICs and high-speed Ethernet switches. The analyst expects Marvell to capture over 10% of the custom AI chip market, translating to $2 billion-$3 billion annually by 2026/2027. Additionally, Arya forecasts NVIDIA Corporation (NASDAQ:NVDA) to maintain a 75% share in the total accelerator market, which is expected to reach $180 billion-$200 billion by 2027. MRVL shares rose 2% to $72.29.

Portfolio Pulse from Nabaparna Bhattacharya

April 05, 2024 | 5:36 pm

DAY

ETN

HUBB

LMT

MMM

NSC

PCAR

RKLB

UAL

UPS

Today's session highlighted significant options activity in the Industrials sector, with notable trades on HUBB, RKLB, DAY, UPS, UAL, LMT, NSC, ETN, MMM, and PCAR. The trades varied in sentiment from bullish to bearish, and neutral, involving both call and put options with varying expiration dates and strike prices. This activity could indicate market movements or investor sentiment towards these companies.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:35 pm

AMZN

ARKO

NIO

PENN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bullish sentiment on AMZN, ARKO, LCID, LSEA, NKE, and LULU options, bearish sentiment on NIO and JACK, and neutral sentiment on TSLA and PENN.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:35 pm

AMD

CDW

HPE

MARA

NVDA

PLTR

RIOT

Today's whale activity in the Information Technology sector highlighted significant options trading across several US-listed companies. Notable movements include bearish call sweeps on NVDA, MU, ON, CDW, and HPE, alongside bullish calls on AI, MARA, AMD, and RIOT, with a bullish put sweep on PLTR. These activities, based on the volume and open interest, suggest varied investor sentiment and potential trading opportunities in these stocks.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:35 pm

AAL

Investors have shown a bearish stance on American Airlines (NASDAQ:AAL) through recent options trading, with a sentiment split of 37% bullish and 62% bearish. The trading volume and open interest suggest a price target range of $8.0 to $25.0. The largest trades have been predominantly puts, indicating a bearish outlook. Despite this, American Airlines remains a major player in the airline industry, with the youngest fleet among U.S. legacy carriers. The stock's current price is $13.83, with an RSI indicating it may be approaching oversold territory. Analysts have set an average price target of $19.0, with UBS recently lowering its rating to Buy.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:31 pm

DVN

Recent unusual options activity on Devon Energy (NYSE:DVN) indicates a bearish stance by large investors, with a split sentiment of 36% bullish and 63% bearish. The activity includes 30 uncommon trades, with 7 puts and 23 calls, targeting a price window of $45.0 to $65.0. Devon Energy, a major exploration and production company, has seen its stock price slightly increase to $52.65. Analysts have set an average price target of $60.0, with varying ratings from Buy to Sector Perform.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:31 pm