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META

Meta Platforms (NASDAQ:META) has significantly outperformed the market with an average annual return of 22.96% over the past 10 years, turning a $100 investment into $781.79 today. The company's market capitalization stands at $1.14 trillion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 2:00 pm

HWM

Truist Securities analyst Michael Ciarmoli has maintained a Buy rating on Howmet Aerospace (NYSE:HWM) and increased the price target from $74 to $88.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:58 pm

PTON

There was a notable options activity for Peloton Interactive, with a sweep of 35 calls for the October 18 expiration at a $6 strike price. The volume of 1,773 contracts at $0.43 each was observed near the ask price, compared to an open interest of 942 contracts, with Peloton's stock reference price at $3.55.

Portfolio Pulse from Charles Gross

May 03, 2024 | 1:50 pm

BULD

PRLB

PRNT

Proto Labs, Inc. (NYSE:PRLB) reported a first-quarter FY24 revenue increase of 1.6% Y/Y to $127.89 million, surpassing the consensus of $124.68 million. The company saw growth in its Protolabs Network revenue by 38.9% Y/Y to $23.9 million, expanded adjusted gross margin to 45.6%, and improved adjusted operating income and EBITDA. Adjusted EPS was $0.40, beating the consensus of $0.31. The company also repurchased $16.0 million of common stock. For Q2, Proto Labs expects revenue between $122 million-$130 million and adjusted EPS of $0.30-$0.38. PRLB shares rose by 5.59% to $32.88. Exposure to Proto Labs stock can also be gained through 3D Printing ETF (BATS:PRNT) and Pacer BlueStar Engineering The Future ETF (NASDAQ:BULD).

Portfolio Pulse from Lekha Gupta

May 03, 2024 | 1:48 pm

AVGO

Recent options trading activity indicates a bullish sentiment among big money investors towards Broadcom (NASDAQ:AVGO), with a notable volume of trades and a price target range from $700 to $1520. The company, a major player in the semiconductor and software industries, has seen its stock price increase by 1.23% to $1253.82. Analysts have issued positive ratings, with a consensus target price of $1540, despite some downward revisions. The next earnings report is expected in 27 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:46 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 34 trades shows 32% bullish and 41% bearish positions, with a focus on a price range between $800 and $3150. The largest trades were mostly neutral or bearish, with significant volumes in calls. MicroStrategy's stock is currently up by 5.04%, with a neutral RSI and an average analyst target price of $1803. Options trading suggests a cautious outlook, despite the stock's current performance.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:46 pm

AFRM

High-rolling investors have shown a bearish stance on Affirm Holdings (NASDAQ:AFRM) through recent options trades, with a sentiment split between bullish and bearish. Benzinga's tracking revealed 9 significant options trades, indicating a price target range of $21.0 to $75.0 for AFRM over the next three months. The trading activity suggests that these investors might have access to privileged information. Currently, AFRM's stock is up by 6.36%, trading at $36.63, with an anticipated earnings release in 5 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 1:46 pm

SPY

The S&P Global Services PMI for April was reported at 51.3, slightly below the estimated 51.7 but above the previous month's 50.9, indicating a modest expansion in the services sector.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:45 pm

AEON

MRIN

SGBX

SPT

VAXX

WOW

U.S. stocks saw significant gains with the Dow Jones surging over 400 points following the release of April's job report, which showed a lower-than-expected addition of 175,000 nonfarm payrolls. The unemployment rate slightly increased to 3.9%. Notably, Safe & Green Holdings Corp. (SGBX) shares soared 70% after announcing a delivery to a quick-service restaurant, Vaxxinity, Inc. (VAXX) surged 33% post-delisting announcement, and WideOpenWest, Inc. (WOW) gained 29% after a purchase proposal. Conversely, AEON Biopharma, Inc. (AEON) plummeted 51% due to disappointing trial results, Sprout Social, Inc. (SPT) fell 30% after reporting poor revenue, and Marin Software Incorporated (MRIN) dropped 19% due to a revenue decline.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 1:44 pm

ARUSD

BTCUSD

ETHUSD

Bitcoin and Ethereum saw price increases following the release of U.S. jobs data, with Bitcoin surpassing the $59,000 level and Ethereum nearing $3,000. Arweave emerged as the top gainer, while Sui was the biggest loser in the crypto market. The U.S. added fewer nonfarm payrolls in April than expected, leading to a slight overall increase in the global crypto market cap.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 1:42 pm