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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

DJT

Trump Media & Technology Group's shares have declined following reports that the SEC has charged its audit firm with fraud. This development raises concerns about the company's financial oversight and could impact investor confidence.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 1:37 pm