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SPY

Wall Street analysts predict a 2.5% growth in U.S. GDP for Q1 2024, a deceleration from the previous quarters but still solid. Consumer spending is expected to slow to 2.8%, with the GDP price index anticipated to rise by 3%. Goldman Sachs forecasts a more optimistic 3.1% growth, citing factors like increased residential investment and auto production. A stronger-than-expected GDP could impact the U.S. dollar positively, while a lower figure might benefit bonds and gold. The SPDR S&P 500 ETF Trust (SPY) rose 0.5% on the last GDP release.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 1:49 pm

BA

SPR

Spirit AeroSystems' stock is trading higher following Boeing's announcement that their deal is not experiencing any delays.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:48 pm

BKNG

Recent unusual options activity in Booking Holdings (NASDAQ:BKNG) indicates a bearish sentiment among deep-pocketed investors, with a notable division in sentiment (37% bullish, 50% bearish). The activity includes 2 puts and 6 calls with a price target range of $3510.0 to $4350.0. Current market analysis shows BKNG's stock slightly up by 0.09% at $3537.22, with a neutral RSI and an earnings announcement expected in 8 days. Analyst ratings from Wedbush and B. Riley Securities suggest a cautious but optimistic outlook with target prices of $3850 and $4400, respectively.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:47 pm

MSTR

Recent options market activity indicates a bearish stance on MicroStrategy (NASDAQ:MSTR), with a significant portion of trades showing bearish expectations. Despite this, there's a targeted price range from $980 to $3800. Notable options activity includes both bullish and bearish sentiments with varying strike prices and expirations. MicroStrategy, a provider of enterprise analytics and mobility software, has seen its stock price decrease by -1.56%, with analysts maintaining buy ratings and target prices averaging $1828.33.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:47 pm

VRT

Vertiv Holdings (NYSE:VRT) has seen significant options trading activity, indicating a mixed market sentiment among big-money investors. The trading activity suggests a price target range of $76 to $110 for VRT over the next three months. Notable options trades include a mix of bullish and bearish sentiments, with a total of 11 trades observed. The company, specializing in solutions for data centers, communication networks, and commercial and industrial facilities, has seen its stock price increase by 13.48% to $89.84. Analysts have set an average price target of $95.75 for VRT, with ratings ranging from Overweight to Outperform.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 1:47 pm

CZOO

Shares of Cazoo Group were halted due to a circuit breaker triggered by a rapid increase in stock price, now up 35.48%.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:45 pm

MRNA

MSFT

Moderna Inc's stock rose after announcing a collaboration with OpenAI, highlighting the integration of AI technologies like ChatGPT into its operations. This partnership aims to transform business and healthcare, with Moderna deploying over 750 GPTs to enhance automation and productivity. The company anticipates reporting a Q1 loss but emphasizes the critical role of AI in scaling and impacting patients positively.

Portfolio Pulse from Adam Eckert

April 24, 2024 | 1:34 pm

SSNLF

TSM

DigiTimes reports that prices for High Bandwidth Memory (HBM) are expected to decline in the second half of 2024 due to increased market competition among key players such as Samsung (SSNLF), SK Hynix, and TSMC (TSM).

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:33 pm

RBBN

Ribbon Communications' shares surged following the announcement of their Q1 financial results and the issuance of future guidance.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 1:32 pm

BG

FXG

MOO

Bunge Limited (NYSE:BG) shares fell over 5% after Q1 results were announced, with earnings per share of $3.04 beating expectations but revenue of $13.417 billion missing forecasts. The company maintained its full-year 2024 EPS outlook at approximately $9.00, below the $9.39 estimate. Bunge's agribusiness saw mixed results, and it continued to invest in growth projects and the integration with Viterra. Investors can also gain exposure to BG through First Trust Cons. Staples AlphaDEX (NYSE:FXG) and VanEck Agribusiness ETF (NYSE:MOO).

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 1:32 pm