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PTON

Peloton Interactive (NASDAQ:PTON) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 8 trades, showing a preference for calls over puts, indicating expectations of a price increase. The trades suggest a target price window of $5.0 to $7.0. Despite this, PTON's stock is currently down by -10.71%, trading at $2.88, with an earnings announcement imminent. Analysts have mixed views, with an average target price of $3.625.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:33 pm

AVGO

Over the past 10 years, Broadcom (NASDAQ:AVGO) has significantly outperformed the market, with an average annual return of 33.83%, turning a $1000 investment into $18,284.23. The company's market capitalization stands at $570.57 billion.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:30 pm

ABBV

Over the past decade, AbbVie (NYSE:ABBV) has delivered an average annual return of 11.69%, turning a $1000 investment into $3,133.58 today. With a current market capitalization of $282.47 billion, AbbVie's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

May 02, 2024 | 6:30 pm

NFLX

Netflix shares are trading higher following an Outperform rating initiation and a $650 price target by CICC.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:27 pm

AMD

MRVL

NVDA

QCOM

UMC

Semiconductor stocks are experiencing an uptick in their trading values after Qualcomm reported strong quarterly results. This positive performance by Qualcomm is seen as a bullish signal for the semiconductor industry, potentially indicating robust demand and operational strength within the sector.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:26 pm

AMZN

Amazon.com's stock price increased following Argus Research's decision to maintain a Buy rating and raise its price target from $185 to $205.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:24 pm

AAPL

Apple shares are trading higher in anticipation of the company's Q2 earnings report, which is scheduled to be released after the market closes.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:21 pm

LVS

Las Vegas Sands shares are trading higher, potentially in sympathy with MGM's recent performance.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:18 pm

BKGI

WBIY

Dominion Energy Inc (NYSE:D) reported Q1 FY24 earnings with revenue of $3.632 billion, missing the consensus of $4.380 billion. Adjusted operating earnings decreased to $483 million from $515 million, and adjusted EPS fell to $0.55 from $0.59, aligning with consensus expectations. The company reaffirmed its FY24 and FY25 EPS guidance, countering rumors of delays in the Coastal Virginia Offshore Wind project. Investors can also gain exposure to Dominion Energy through BKGI and WBIY ETFs. Shares of Dominion Energy were slightly up in the latest trading session.

Portfolio Pulse from Lekha Gupta

May 02, 2024 | 6:15 pm

AMD

INTC

NVDA

QCOM

SOXL

SOXS

SOXX

TSM

Semiconductor stocks rose after the Federal Open Market Committee (FOMC) meeting indicated no rate hikes, with strong earnings from Qualcomm boosting the sector. Nvidia, AMD, and Taiwan Semiconductor saw gains, while Intel experienced a slight drop. The FOMC's stance on interest rates and Qualcomm's earnings report positively impacted the sector, suggesting a favorable environment for high-growth equities like semiconductors. Investors are advised to consider semiconductor-focused ETFs for diversified exposure.

Portfolio Pulse from Johnny Rice

May 02, 2024 | 6:11 pm