Streetbeat News

Stock Prices

AAPL

AEIS

AMD

ARM

INTC

IOT

MARA

NVDA

SOUN

TSM

Today's session highlighted significant options activity for 10 Information Technology stocks, with most showing bearish sentiment except for AAPL which was bullish. Large transactions, known as whale alerts, were observed across various stocks including NVDA, INTC, TSM, AMD, ARM, SOUN, AAPL, MARA, AEIS, and IOT, indicating potential shifts in market dynamics.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:35 pm

NVAX

B of A Securities analyst Alec Stranahan upgrades Novavax (NVAX) from Underperform to Neutral and raises the price target from $4 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:33 pm

AMT

American Tower's (NYSE:AMT) short interest has decreased by 8.73%, with 4.64 million shares sold short, representing 1.15% of its float. This decrease in short interest could indicate a more bullish sentiment towards AMT among traders. Compared to its peers, AMT has a lower short interest percentage of float, with the average being 4.12%. Short interest is a critical indicator of market sentiment, and a decrease suggests that fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm

HUMA

Humacyte (NYSE:HUMA) has seen a decrease in short interest, now at 4.37% of its float, lower than the peer group average of 14.01%. This reduction suggests a more bullish sentiment among investors towards HUMA, contrasting with the higher short interest across its peers.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm

AON

Aon's (NYSE:AON) short interest has increased to 1.96 million shares, representing 1.0% of its float, with a 5.26% rise since the last report. It would take about 2.08 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards AON, although it's lower than its peer group average of 3.76%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 5:30 pm

BROS

SBUX

Dutch Bros Inc (NYSE:BROS) stock is gaining after an upgrade from Hold to Buy by TD Cowen, with a price target increase from $33 to $46. The company reported quarterly earnings and sales that beat analyst estimates, showing significant growth and beating consensus estimates. The upgrade is based on Dutch Bros' successful turnaround efforts, including beverage innovation and the Dutch Rewards loyalty program. The analyst also highlights the potential impact of mobile ordering on future sales, comparing it to Starbucks Corporation's (NASDAQ:SBUX) experience.

Portfolio Pulse from Shivani Kumaresan

May 10, 2024 | 5:22 pm

SPY

Fed's Goolsbee expresses hesitancy to overemphasize recent inflation data, highlighting significant progress made. This stance suggests a cautious approach to future monetary policy adjustments, potentially impacting market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:19 pm

FUN

Truist Securities analyst Michael Swartz has maintained a Buy rating on Cedar Fair (NYSE:FUN) and increased the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:18 pm

SPY

In a recent speech, the Federal Reserve's Goolsbee emphasized that the current monetary policy is relatively restrictive. He highlighted the Fed's commitment to controlling inflation and ensuring economic stability. This stance suggests a cautious approach to interest rate changes, potentially impacting investor sentiment and market dynamics.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:16 pm

SPY

In a recent statement, Federal Reserve Bank of Chicago President Austan Goolsbee remarked that the economy has encountered an inflation bump this year, suggesting a period of observation is now necessary to assess the impact. This comment implies a cautious approach to future monetary policy decisions, potentially affecting market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 5:15 pm