Streetbeat News

Stock Prices

NXPI

Significant activity in NXP Semiconductors (NASDAQ:NXPI) options has been observed, indicating a bullish stance by smart money, with a mix of 51% bullish and 48% bearish sentiment among 35 unusual options trades. The trades include 3 puts and 32 calls, with a price target range of $230 to $370. The trading volume and RSI indicators suggest NXPI may be overbought, with an earnings announcement expected in 53 days. Analysts have set an average price target of $254, with varying ratings from Neutral to Buy.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:46 pm

RIOT

Recent options activity on Riot Platforms (NASDAQ:RIOT) shows a bullish trend among investors, with 53% of trades being bullish and 46% bearish. Significant trades have targeted a price range of $10.0 to $35.0. The company, a Bitcoin mining entity, has seen its stock price slightly decrease by -0.66% to $12.04. Analysts have issued a consensus target price of $19.4 for RIOT, with varying ratings but generally positive outlooks.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 4:45 pm

META

SNAP

Shares of US social media companies are trading higher in anticipation of a U.S. House Committee on Energy and Commerce vote on legislation that could compel ByteDance to sell TikTok. This development is seen as potentially beneficial for US-based social media companies.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:45 pm

AEYE

Craig-Hallum analyst George Sutton has maintained a Buy rating on AudioEye (NASDAQ:AEYE) and increased the price target from $8 to $10.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:44 pm

ETWO

E2open Parent Holdings' shares surged following the announcement of a strategic review initiation. The company also reaffirmed its FY24 revenue guidance, signaling confidence in its future performance.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:42 pm

DOGEUSD

FETUSD

SHIBUSD

The cryptocurrency market is witnessing a shift towards AI tokens like Fetch.AI, with a 13% increase in the AI-linked tokens category, while meme coins such as Dogecoin and Shiba Inu are experiencing declines. This trend is attributed to the anticipation of AI's role in the global economy and an upcoming Nvidia conference featuring crypto AI projects. Meme coins, previously buoyed by Bitcoin's rally, are losing momentum and value, with Dogecoin's futures open interest also decreasing.

Portfolio Pulse from Murtuza Merchant

March 07, 2024 | 4:39 pm

AVGO

Semiconductor stocks are experiencing an uptick due to the ongoing momentum in AI technology. Broadcom is set to announce its Q1 earnings after the market closes today. The sector's rise is also partly attributed to the anticipation of subsidies from the CHIPS act.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:39 pm

SPY

Fed's Mester expressed optimism about the current state of monetary policy, suggesting that if the economy performs as forecasted, interest rate cuts could occur later this year. She believes that the Federal Reserve is in a 'good place' with the flexibility to maintain current rates while evaluating additional data, and anticipates a gradual reduction in rates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:37 pm

WLY

John Wiley & Sons shares surged following the announcement of their Q3 financial results, which exceeded expectations. Additionally, the company has uplifted its FY24 adjusted EPS guidance, surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 4:33 pm

HOOD

Robinhood Markets (NASDAQ:HOOD) has seen a significant increase in its stock value, reaching new 52-week highs with a 50% increase in the last month. This surge is attributed to strong fourth-quarter financial results and a boost in cryptocurrency trading. A key factor in this success is the launch of 24-hour trading in May 2023, which now encompasses 922 tickers and has surpassed $10 billion in trading volume. The company highlights the importance of this feature, noting substantial trading activity outside traditional market hours and a growing adoption among its customers.

Portfolio Pulse from Chris Katje

March 07, 2024 | 4:32 pm