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Stock Prices

IBM

Deep-pocketed investors have shown a bearish sentiment towards IBM (NYSE:IBM), with a significant move detected by Benzinga's options scanner. The activity includes 9 extraordinary options activities, with a bearish majority of 77% and a bullish minority of 22%. The focus is on a price band between $175.0 and $210.0 for IBM. The largest trades observed include both bearish calls and a bullish put, indicating a divided sentiment among investors. IBM's current market position shows a -1.56% decrease in stock price, with an RSI suggesting it may be approaching oversold territory. An analyst from B of A Securities maintains a Buy rating with a target price of $220.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:01 pm

LRCX

Significant bearish options activity has been detected in Lam Research (NASDAQ:LRCX) by investors, with a notable split in sentiment (18% bullish, 81% bearish). The activity includes 16 unusual options trades, with a focus on price targets ranging from $650 to $1040 over the next three months. The volume and open interest trends indicate increased attention on LRCX options. Analysts have mixed views, with target prices ranging from $980 to $1100. The current stock price is $962.41, down 1.12%, with an upcoming earnings report in 14 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:01 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market with an average annual return of 21.44% over the past 10 years, turning a $100 investment into $696.57 today. The company currently has a market capitalization of $23.18 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:00 pm

SHOP

Over the past 10 years, Shopify (NYSE:SHOP) has significantly outperformed the market with an average annual return of 39.98%, turning a $100 investment into $2,868.20 today. Shopify's market capitalization currently stands at $93.85 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:00 pm

ALL

AMAT

BHP

The CNBC Halftime Report featured final trade recommendations, highlighting Allstate Corp (ALL), BHP Group (BHP), and Applied Materials (AMAT) as stocks to watch.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:59 pm

KMX

CarMax Inc (NYSE:KMX) is set to report Q4 earnings with an expected revenue of $5.795 billion, an improvement over last year's $5.723 billion. EPS is anticipated at 49 cents, up from 44 cents. Analysts have upgraded ratings, with Needham's Chris Pierce setting a price target of $99, citing a multi-year recovery path. Other firms like Oppenheimer and Wedbush have also set optimistic targets. Key focuses include ecommerce efforts, market share growth, cost reductions, and share repurchases. CarMax shares are currently down 4% at $80.02.

Portfolio Pulse from Chris Katje

April 10, 2024 | 4:57 pm

BBY

ROKU

Roku, Inc. (NASDAQ:ROKU) shares fell by 3.34% to $60.75 following announcements of new features and premium televisions, the Roku Pro Series, available at Best Buy (NYSE:BBY) and online. The company is enhancing its platform with Backdrops, Roku Smart Picture, and updates to browse, discovery, and mobile apps across all U.S. devices. Additionally, Roku launched the NBA FAST channel and NBA Zone in partnership with the National Basketball Association.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:56 pm

ALPN

VERA

Vera Therapeutics' stock price increased following rumors that the company is considering its options after receiving takeover interest, a sentiment echoed by Alpine Immune's recent report.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 4:53 pm

RKT

Rocket Companies, Inc. (NYSE:RKT) shares dropped after March's Consumer Price Index (CPI) data indicated higher-than-expected inflation, leading to speculation that the Federal Reserve will maintain higher interest rates for an extended period. The CPI data showed a 3.5% year-over-year increase, slightly above the 3.4% forecast. This has raised concerns about potential higher mortgage rates, negatively impacting home buyers and possibly affecting Rocket Companies' business, especially after the introduction of its 'Rocket Logic' AI technology platform aimed at streamlining the mortgage process.

Portfolio Pulse from Erica Kollmann

April 10, 2024 | 4:51 pm

UBER

Uber Technologies, Inc. (NYSE:UBER) introduced enhanced safety features aimed at empowering women passengers by making it easier to use in-app safety tools, especially at night. This move comes amid rising concerns over passenger safety, with a significant percentage of women feeling unsafe at night. The new features allow users to customize their safety preferences, such as automatically turning on up to four safety tools based on time or location. These updates are now available in the U.S., Canada, and Latin America, with plans to expand to more countries. Despite these improvements, Uber's stock traded lower by 1.05% to $74.35. The company has faced criticism in the past for its handling of reported assaults by drivers but reported a decline in severe sexual assault reports in recent years.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 4:49 pm