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SPY

Fed's Williams suggests that the era of low volatility in financial markets may have ended, indicating potential shifts in economic policies or market conditions that could affect investor strategies.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:28 pm

SPY

Citi CEO Jane Fraser, in a live interview on CNBC, expressed skepticism about achieving a soft landing for the economy, indicating expectations of rate cuts within the year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:23 pm

NFLX

Netflix Inc (NASDAQ:NFLX) experienced a significant 8% drop in its stock price following its Q1 earnings announcement on April 18th but has since shown resilience, rebounding and suggesting potential for further growth. Despite the initial drop, Netflix's earnings per share of $5.28 beat the estimate of $4.52, indicating stronger performance than expected. The stock found support around $550 and has begun recovering, now up 21% year-to-date and aiming for its record high of $700 from November 2021.

Portfolio Pulse from Zaheer Anwari

May 06, 2024 | 5:22 pm

PEP

TSLA

WMT

A Tesla Semi with Walmart branding was spotted at a Walmart location, indicating a possible delivery of the electric truck to one of the world's largest retailers. Walmart has ordered hundreds of Tesla Semi units, though the exact number of deliveries remains unknown. Tesla has also delivered units to PepsiCo, highlighting the growing interest in Tesla's electric trucks. The sighting was well-received on social media, suggesting potential for increased production and feedback from major customers like Walmart. Tesla aims for high-volume production of the Semi, with deliveries expected to ramp up by late 2025 into 2026, supported by the expansion of Gigafactory Nevada.

Portfolio Pulse from Chris Katje

May 06, 2024 | 5:21 pm

BABA

GLD

SPY

China's central bank has significantly increased its gold purchases, driving global gold prices to record highs in April 2024, with prices reaching up to $2,431 per troy ounce. This surge has made gold, particularly in forms like 'gold beans' popular among Gen Z in China, facilitated by platforms like Alibaba's Taobao. The SPDR Gold Trust (GLD) has seen substantial gains, outperforming major equity indices such as the S&P 500, tracked by the SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

May 06, 2024 | 5:14 pm

CPT

Wedbush analyst Richard Anderson maintains an Outperform rating on Camden Prop Trust (NYSE:CPT) and raises the price target from $110 to $118.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 5:09 pm

AAPL

BRK-B

META

MSFT

NVDA

QQQ

SPY

TSLA

Warren Buffett's Berkshire Hathaway is holding a record $189B in cash and has reduced its Apple stake by 22% to $135.4B. Despite selling Apple shares, Buffett praised the company and its management. The article also notes positive early trade money flows in META, MSFT, NVDA, TSLA, SPY, and QQQ, with neutral flows in AMZN and GOOG, and negative in AAPL. Gold and oil trading dynamics are mentioned, with a new buy signal for oil in The Arora Report's ZYX Buy.

Portfolio Pulse from The Arora Report

May 06, 2024 | 5:06 pm

BAK

BOWL

EYPT

GME

IART

SAVE

UNIT

Spirit Airlines reported a Q1 fiscal 2024 revenue decline of 6.2% Y/Y, missing consensus, leading to a 9.8% drop in its shares. Other stocks also moved lower, including EyePoint Pharmaceuticals after its Phase 2 trial did not meet its primary endpoint, Integra LifeSciences with weak Q2 EPS guidance, and Bowlero with disappointing quarterly results. Braskem shares fell after a potential transaction update, GameStop declined following a previous week's surge, Uniti Group announced a $300 million notes offering, TreeHouse Foods reported mixed Q1 results, Jasper Therapeutics received a Buy rating from HC Wainwright, and several other companies like Medical Properties Trust, Tyson Foods, Allego, CureVac, Titan International, Geron Corporation, and Amgen also recorded losses.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 5:05 pm

MULN

Mullen Automotive, Inc (NASDAQ:MULN) shares surged after announcing a deal with National Auto Fleet Group to sell electric vehicles nationwide, including two all-electric commercial vehicles. The partnership aims to serve national fleet customers and offer Mullen's EVs to public fleets across the U.S. Additionally, Mullen adopted a stockholder rights plan to prevent significant ownership changes without board approval, effective until May 1, 2025.

Portfolio Pulse from Dylan Berman

May 06, 2024 | 5:03 pm

Deep-pocketed investors have shown a bullish sentiment towards Micron Technology (NASDAQ:MU), with a significant move in options trading indicating potential upcoming developments. Benzinga's options scanner revealed 46 extraordinary activities, with a majority being calls. The options market suggests a price target range of $85.0 to $170.0 for MU. Currently, MU's stock is up by 4.99%, trading at $120.42, with analysts giving an average target price of $147.5. Notable upgrades and consistent overweight ratings from industry analysts suggest a positive outlook.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 5:01 pm