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TTD

Deep-pocketed investors have shown a bearish trend in Trade Desk (NASDAQ:TTD) options, with a significant move suggesting a big event might be on the horizon. Benzinga's options scanner revealed 13 extraordinary activities, with a bearish majority among investors. The trading activity suggests a price target range of $40.0 to $90.0 for TTD in the next three months. Currently, TTD's stock is down -3.71% at $67.4, with neutral RSI indicators and upcoming earnings in 10 days. Analysts from BMO Capital and Stifel have provided ratings with an average target price of $84.0.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

PINS

Pinterest (NYSE:PINS) received varied analyst ratings, with an updated average 12-month price target of $42.45, marking a 24.85% increase from the previous target. Analysts from firms like Keybanc, Roth MKM, and Evercore ISI Group have raised their price targets, reflecting optimism about Pinterest's market performance despite its market capitalization being below industry averages and mixed financial indicators such as revenue growth, net margin, and ROE.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

SHOP

A significant number of investors have shown interest in Shopify (NYSE:SHOP) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 29 unusual trades, indicating a split sentiment with 51% bullish and 48% bearish. The trades focus on a price range between $40.0 and $100.0 for Shopify. The largest trades include both calls and puts with varying sentiments and strike prices. Shopify's stock is currently down -25.81% at $82.8, with an RSI suggesting it may be approaching overbought territory. Next earnings are expected in 8 days.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

AZO

AutoZone (NYSE:AZO) has delivered an average annual return of 18.73% over the past 20 years, turning a $1000 investment into $30,713.64 today. The company's market capitalization stands at $48.46 billion, showcasing its significant outperformance in the market.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

TRIP

Analysts have varied opinions on TripAdvisor (NASDAQ:TRIP), with recent ratings ranging from bullish to bearish. The average 12-month price target is $22.00, up from $19.00, indicating a positive outlook. TripAdvisor's financial performance is strong, with significant revenue growth, high net margin, and efficient asset and equity management. The company's market capitalization is below industry benchmarks, but it maintains a balanced debt approach.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

MPWR

Over the past 15 years, Monolithic Power Systems (NASDAQ:MPWR) has significantly outperformed the market, with an average annual return of 29.64%, turning a $100 investment into $4,636.03 today. The company's market capitalization currently stands at $30.47 billion.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 8:00 pm

AMZN

Amazon.com Inc has introduced a new advertising model for Amazon Prime Video in the UK, in partnership with Reach, sparking controversy among subscribers due to the introduction of ads. Despite this, Amazon's stock has seen significant growth, with a 77% increase in 2023 and an 11% rise in 2024 so far. The company's recent earnings release on February 1st exceeded expectations, leading to a 6% surge in stock value the following day.

Portfolio Pulse from Zaheer Anwari

February 05, 2024 | 7:55 pm

BITO

IBIT

XBTF

The SEC's approval of Bitcoin ETFs, including ProShares Bitcoin Strategy ETF (BITO) and VanEck Bitcoin Strategy ETF (XBTF), marks a significant milestone in integrating cryptocurrencies into the regulated financial ecosystem. Experts predict a bullish long-term outlook for these ETFs, anticipating broader acceptance and potential approval of Ethereum ETFs. The success of these ETFs could lead to increased allocations in investor portfolios and pave the way for further digital asset ETFs, transforming the investment landscape.

Portfolio Pulse from Murtuza Merchant

February 05, 2024 | 7:50 pm

TSLA

Tesla shares are trading lower following a reduction in the price target by Piper Sander from $295 to $225.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 7:48 pm

EXPO

Exponent (NYSE:EXPO) has seen a 22.44% increase in its short percent of float since the last report, with 1.60 million shares sold short, representing 4.42% of its available trading shares. This indicates a bearish market sentiment towards EXPO, as it now has a higher short interest than most of its peers, with the peer group average at 2.80%. However, an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 7:45 pm