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OKTA

Smart money investors have shown a significant interest in Okta (NASDAQ:OKTA) options, with a bearish stance overall. Benzinga's options scanner revealed 19 trades, indicating a split sentiment with 42% bullish and 57% bearish. The trades target a price range of $75.0 to $125.0 for Okta. The largest trades include both bullish calls and a bearish put, with notable volumes and open interests. Okta, a cloud-native security company, has seen its stock price increase by 1.56%, with an upcoming earnings announcement in 19 days.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:45 pm

DIA

ENPH

EXPE

NVDA

QQQ

SPY

The S&P 500 surpassed 5,000 points and the Nasdaq approached 18,000, marking a significant rally driven by optimism in artificial intelligence. NVIDIA Corp. saw a nearly 50% increase in its shares since the year's start, contributing to the 'Magnificent Seven's combined market cap of $13.2 trillion. Bitcoin also saw a notable rise, exceeding $47,000. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust saw varied movements, while sector and industry ETFs like the Technology SPDR Select Sector Fund and VanEck Semiconductor ETF experienced gains. Companies such as Enphase Energy Inc., First Solar Inc., and Cloudfare Inc. saw significant stock movements due to earnings and outlooks, whereas Expedia Group Inc. faced a downturn after a downgrade.

Portfolio Pulse from Piero Cingari

February 09, 2024 | 6:45 pm

GOOG

MCD

SBUX

Starbucks Corporation (NASDAQ:SBUX) reported disappointing first fiscal quarter results, missing both top and bottom-line estimates and lowering its full-year revenue outlook. The company cited misperceptions of McDonald's positioning in the Middle East and the US as a negative impact. McDonald's Corporation (NYSE:MCD) also reported lower-than-expected sales growth, attributing part of the issue to the Middle East conflict. Both companies are pursuing growth strategies, with Starbucks aiming for 55,000 stores by the end of the decade and McDonald's targeting 50,000 locations by 2027. McDonald's partnership with Alphabet (NASDAQ:GOOG) to enhance its restaurant platform with Google Cloud and AI could position it as a future competitor to Starbucks.

Portfolio Pulse from Upwallstreet

February 09, 2024 | 6:37 pm

SPB

Spectrum Brands Holdings, Inc. (NYSE:SPB) exceeded first-quarter financial expectations with adjusted earnings of 78 cents per share and sales of $692.20 million. Despite the strong results, SPB shares fell 1% to $85.21. Analysts from Canaccord Genuity, Wells Fargo, and RBC Capital adjusted their price targets following the report, with changes reflecting a mix of optimism and caution.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 6:33 pm

CRWD

Smart money investors have shown a significant interest in CrowdStrike Holdings (NASDAQ:CRWD) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 86 uncommon trades, indicating a potential price range of $150 to $380 for CRWD in the next three months. The trading volume and open interest suggest heightened activity, with a notable split between puts and calls. CRWD's current market position shows a 2.41% increase in stock price to $330.83, with an upcoming earnings announcement in 25 days.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:30 pm

Recent options market activity indicates a bullish sentiment towards Visa (NYSE:V), with 70% of trades being bullish. Notable trades include a mix of puts and calls, targeting a price range of $155.0 to $280.0. Visa's current trading volume is 1,598,313, with a slight price decrease of -0.28%, and an RSI indicating a potential overbought situation. Analysts have set an average price target of $299.8, with ratings ranging from Neutral to Overweight. Visa, the world's largest payment processor, processed over $14 trillion in fiscal 2022.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:30 pm

PVH

Over the past 20 years, PVH (NYSE:PVH) has produced an average annual return of 10.06%, outperforming the market by 2.49% annually. A $100 investment in PVH 20 years ago would be worth $680.62 today. PVH's market capitalization currently stands at $7.51 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:30 pm

COR

Cencora (NYSE:COR) has delivered an average annual return of 21.71% over the past 5 years, outperforming the market by 8.92%. A $1000 investment in COR 5 years ago would now be worth $2,739.36. The company's current market capitalization stands at $45.94 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:30 pm

MUSA

Murphy USA Inc. (NYSE:MUSA) reported Q4 preliminary earnings of $7.00 per share, surpassing estimates of $6.25 but missed sales forecasts with $5.07 billion against expected $5.42 billion. Despite this, analysts from Wells Fargo and Stephens & Co. increased their price targets for MUSA, citing confidence in the company's strategy and market position. MUSA shares fell 3% to $389.49 following the announcement.

Portfolio Pulse from Avi Kapoor

February 09, 2024 | 6:26 pm

BRK

COIN

HOLO

KKR

Benzinga's Stock Whisper Index highlights five stocks: Block Inc, MicroCloud Hologram Inc, Coinbase Global, Berkshire Hathaway, and KKR & Co Inc, noting their recent developments and potential investor interest. Block Inc is anticipated for its upcoming earnings report, MicroCloud Hologram saw a significant share price movement after joining the Communications Industry Association, Coinbase Global benefits from Bitcoin's value rise, Berkshire Hathaway gains attention with its investments, and KKR & Co Inc impresses with its earnings beat.

Portfolio Pulse from Chris Katje

February 09, 2024 | 6:26 pm