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DWAC

PHUN

A federal appeals court ruled that former President Donald Trump is not immune from prosecution for alleged crimes related to his efforts to overturn the 2020 election and the Jan. 6 Capitol riot. Special Counsel Jack Smith has brought charges against Trump, including subversion and conspiring to defraud the United States. Following the ruling, Trump-linked stocks Phunware Inc (PHUN) and Digital World Acquisition Corp (DWAC) traded sharply lower, down around 7% and 9%, respectively.

Portfolio Pulse from Aaron Bry

February 06, 2024 | 4:53 pm

DD

DuPont De Nemours shares are trading higher following the announcement of better-than-expected Q4 adjusted EPS results and the issuance of FY24 and Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:51 pm

PLUG

UBS analyst Manav Gupta downgrades Plug Power (NASDAQ:PLUG) from Buy to Neutral and sets a new price target of $4.75.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:51 pm

AAPL

APTV

F

GM

GOOGL

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

XYL

Xylem Inc (NYSE:XYL) shares rose after reporting Q4 FY23 results with a 41% Y/Y revenue increase to $2.12 billion, surpassing the $2.05 billion consensus. Orders and backlog also saw significant growth. Adjusted EPS of $0.99 beat the $0.96 consensus, with adjusted EBITDA margin expanding to 19.6%. The company provided an optimistic FY24 outlook, expecting adjusted EPS of $4.00-$4.20 and revenue of $8.4 billion-$8.5 billion. XYL shares are up 3.65% to $118.24.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 4:47 pm

CCL

Financial analysts have observed a bullish trend in Carnival's (NYSE:CCL) options market, with 62% of trades being bullish. Significant activity has been noted in both calls and puts, with a notable range of strike prices from $7.0 to $25.0. The company, a leading global cruise operator, has seen its stock price slightly decrease by -0.44%, with a current price of $15.76. Analysts, including one from Truist Securities, have a consensus target price of $18.0 for CCL, maintaining a Hold rating.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 4:46 pm

RTX

Recent options trading activity for RTX (NYSE:RTX) shows a predominantly bearish sentiment among investors, with 75% of detected trades being bearish. The trading activity suggests an expected price range of $65.0 to $95.0 for RTX over the next three months. Currently, RTX's stock is slightly down by -0.8%, trading at $91.5, with analysts giving mixed reviews and setting an average price target of $93.6. The company, a merger of United Technologies and Raytheon, operates in aerospace and defense, with its next earnings release anticipated in 77 days.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 4:46 pm

NVIV

InVivo Therapeutics shares were halted due to a circuit breaker trigger after the stock surged by 282.9%. The significant increase in stock price led to a temporary trading halt to manage volatility.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:45 pm

CCK

Crown Holdings' shares dropped following the announcement of disappointing Q4 financial results and lower than expected Q1 and FY24 adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:44 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 6th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each, suggesting potential price movements and targets. The memo also highlights the influence of upcoming Federal Reserve comments and economic data on market volatility. RIPS, a pro trader, curates the memo, offering insights and mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

February 06, 2024 | 4:42 pm