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ASML

TSM

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) shares are trading lower due to ASML Holding N.V.'s (ASML) reported earnings miss. TSMC is anticipated to report its Q1 financial results soon, with expectations set at $1.32 per share and $18.395 billion in revenue. TSMC's previous quarter earnings exceeded estimates, and the company's long-term outlook is influenced by interest rates and historical revenue growth.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 5:52 pm

ARM

ASML

Arm Holdings Plc (NASDAQ:ARM) shares fell in response to ASML Holding N.V. (NASDAQ:ASML) reporting disappointing Q1 results. ASML missed earnings and sales estimates, impacting semiconductor stocks including ARM, which is down over 12% in five days. Despite this, Evercore ISI Group rated ARM as Outperform with a $156 price target. ARM's current price is below its 50-day moving average and its 52-week high.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 5:51 pm

JNJ

Johnson & Johnson (NYSE:JNJ) reported Q1 earnings with an adjusted EPS of $2.71, surpassing the consensus of $2.64, and sales of $21.38 billion, aligning closely with expectations. The company raised its quarterly dividend to $1.24 per share and updated its fiscal year 2024 sales and EPS guidance, slightly above prior forecasts. Despite the positive results, JNJ shares dropped 0.2%. Analysts from B of A Securities, RBC Capital, and Cantor Fitzgerald adjusted their price targets on JNJ following the earnings announcement.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:51 pm

STRA

Truist Securities analyst Jasper Bibb upgraded Strategic Education Inc (NASDAQ:STRA) from Hold to Buy, raising the price target from $110 to $125, citing potential for enrollment growth, margin benefits, and a favorable political climate with a Republican victory. The analyst anticipates upside estimate revisions for 2024, noting strong enrollment growth and a conservative outlook that could see a 6%-12% upside to 2024 EPS consensus. A Trump win is seen as a catalyst for multiple expansion, with STRA's performance historically better during the Trump administration.

Portfolio Pulse from Shivani Kumaresan

April 17, 2024 | 5:48 pm

EDBL

INVO

IZM

SBFM

TRV

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

SNAP

Snap shares are trading higher amid reports of the TikTok divest-or-ban bill moving on a fast track through Congress.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:35 pm

ALK

ARRY

DAY

ETN

LYFT

NXT

SNA

STRL

UPS

Today's whale activity in the Industrials sector highlighted significant options trading across various companies, indicating potential trading opportunities. Notable trades included bearish calls on DAY and UPS, neutral puts on ARRY and STRL, bearish puts on BA and LYFT, bullish calls on ALK and SNA, and neutral calls on NXT and ETN. These activities suggest diverse market sentiments and potential strategic moves by large investors.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:35 pm

AMZN

BABA

CMG

CPNG

LOW

PDD

PTON

RIVN

TSLA

UAA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, with notable options trading on stocks like TSLA, PTON, UAA, AMZN, RIVN, BABA, LOW, CPNG, PDD, and CMG. The trades varied in sentiment from bullish to bearish, involving both call and put options across a range of expiration dates and strike prices. This activity could indicate upcoming volatility or market movements in these stocks.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:35 pm

AKAM

AMD

DOMO

MSTR

NVDA

SMCI

TSM

WDC

WOLF

Today's session highlighted significant whale activity in the Information Technology sector, focusing on options trading for companies like NVDA, AMD, DOMO, SMCI, TSM, WOLF, AKAM, WDC, MSTR, and PD. The activity ranged from neutral to bullish and bearish sentiments, with various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:35 pm

NTRS

Northern Trust shares are trading higher, recovering from a decline experienced on Tuesday due to worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:31 pm