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DUK

BMO Capital analyst James Thalacker has maintained an Outperform rating on Duke Energy (DUK) and increased the price target from $104 to $108.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:16 pm

ARM

ARM Holdings (NASDAQ:ARM) has seen significant options trading activity, with a mix of bullish and bearish sentiments among investors. The trading range for ARM's stock price is predicted to be between $45.0 and $150.0 over the next three months, based on options activity. The stock is currently trading up 1.58% at $109.5. Analysts have varied opinions on ARM, with target prices ranging from $100 to $180. The company is a major player in the smartphone CPU core market, licensing its architecture to clients like Apple and Qualcomm.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:16 pm

CVNA

Carvana (NYSE:CVNA) has seen significant options trading activity, with a balanced mix of bullish and bearish sentiments among traders. Analysis of 17 unusual trades shows a predicted price range of $20.0 to $130.0 over the next three months. The largest trades include both puts and calls, with varying sentiments and strike prices. Carvana's business model focuses on e-commerce for used cars, with additional revenue from financing and insurance services. The stock is currently down by -1.19%, with a price of $115.27, and may be overbought according to RSI values. Analysts have given mixed ratings, with an average price target of $89.4.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 3:16 pm

AFRM

WMT

Affirm Holdings Inc (NASDAQ:AFRM) reported fiscal third-quarter financial results, showing a 51% year-over-year revenue increase to $576 million, surpassing the consensus estimate of $549.42 million. The company also reported a smaller-than-expected EPS loss of $(0.43) compared to analyst estimates of $(0.67). Gross merchandise volume grew 36% to $6.3 billion, and the company now has over 1 million active Affirm card consumers. Affirm's outlook for the fiscal fourth quarter is optimistic, with expected revenue between $585.00 million and $605.00 million. Despite these positive results, AFRM shares were down 8.6% at $31.88. Walmart Inc (NYSE:WMT) is mentioned as backing a fintech startup, One, a direct competitor to Affirm.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 3:16 pm

INSW

International Seaways (INSW) shares are trading higher after the company reported better-than-expected financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:11 pm

APEI

CRCT

ELAN

LPX

Louisiana-Pacific Corporation (NYSE:LPX) and other companies such as Cricut, Inc. (NASDAQ:CRCT), Elanco Animal Health Incorporated (NYSE:ELAN), and American Public Education, Inc. (NASDAQ:APEI) saw significant stock price increases following better-than-expected quarterly results. The positive earnings reports led to a surge in stock prices for these companies, with LPX rising 15% after reporting a 24% year-over-year net sales growth.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 3:11 pm

CLVT

Clarivate shares are trading lower following the announcement of Q1 earnings and the reaffirmation of its FY24 guidance. The company's performance in the first quarter and its outlook for the fiscal year 2024 have impacted investor sentiment, leading to a decrease in stock price.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:07 pm

FXI

SPY

TSM

China has announced that its military remains on high alert to defend its sovereignty. This statement could have implications for geopolitical tensions and market sentiment, particularly affecting stocks and ETFs related to the region.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:06 pm

RRR

Red Rock Resorts shares are trading lower due to worse-than-expected Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 3:06 pm

INOD

Innodata Inc. (NASDAQ:INOD) shares surged following positive Q1 results and an optimistic FY24 revenue guidance. The company reported a significant year-over-year growth in earnings and sales, with earnings of 3 cents per share compared to last year's loss of 8 cents per share, and quarterly sales of $26.5 million, up from $18.84 million. Innodata raised its 2024 revenue guidance to at least 40% organic growth, buoyed by a major expansion in one of its large language model development programs with a Big Tech customer, expected to add $23.5 million in annualized revenue.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 3:05 pm