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MRVL

Marvell Tech (NASDAQ:MRVL) has delivered an average annual return of 9.91% over the past 20 years, turning a $100 investment into $683.88 today. With a current market capitalization of $58.60 billion, MRVL's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:00 pm

UEC

URG

UUUU

Shares of uranium stocks, including UEC, URG, and UUUU, are trading lower following Cameco's report of disappointing Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:00 pm

LSCC

Lattice Semiconductor Corp (NASDAQ:LSCC) shares fell 6.45% to $71.90 after Q1 results showed a revenue decline amid demand headwinds. Despite this, three analysts remain optimistic, citing strong positioning, new product ramps, and expected recovery in H2. Benchmark raised its price target to $85, Stifel maintained a Hold with a $87 target, and KeyBanc reaffirmed an Overweight rating with an $85 target.

Portfolio Pulse from Priya Nigam

April 30, 2024 | 4:59 pm

CAT

CMI

CNHI

PCAR

TEX

Industrial and machinery stocks are trading lower due to overall market weakness and in sympathy with PACCAR's decline after its Q1 earnings report. Companies like CAT, CMI, CNHI, DE, and TEX are affected.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:57 pm

BTCUSD

DOGEUSD

SHIBUSD

Cryptocurrency trader Kevin predicts the upcoming FOMC meeting could significantly impact the crypto market, with potential for sharp movements based on the Federal Reserve's stance on interest rates. Historical data shows Bitcoin, Dogecoin, and Shiba Inu reacted to the last FOMC meeting, and similar volatility is expected. Bank of America's economist anticipates no immediate rate changes, focusing on future policy actions.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 4:53 pm

ADBE

Deep-pocketed investors have shown a bullish sentiment towards Adobe (NASDAQ:ADBE), with a significant uptick in options trading activity. Benzinga's options scanner revealed 23 extraordinary activities, with a bullish majority of 73% and a bearish minority of 21%. The trading range for Adobe's options is between $170.0 and $540.0. The largest trades include both bullish and bearish sentiments, with notable trades aiming for strike prices around $450.00. Adobe's current stock price is $469.83, with a slight decrease of -0.68%, and its next earnings report is expected in 44 days.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:45 pm

DKNG

Investors have shown a bearish stance on DraftKings (NASDAQ:DKNG), with unusual options activity indicating a split sentiment (47% bullish, 52% bearish). The activity targets a price range of $39.0 to $50.0. DraftKings, a leader in online sports and casino gambling, is currently trading at $42.19, down 1.38%, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $53.6. The next earnings report is due in 2 days, potentially influencing the stock's direction.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 4:45 pm

QCOM

Qualcomm Inc (NASDAQ:QCOM) is showing a strong bullish trend ahead of its Q2 earnings report, with analysts predicting a 15% upside. The stock has significantly benefited from the AI wave, showing a 45% increase this year and a 16.32% return in 2024 so far. Technical indicators suggest continued bullish momentum, despite a negative MACD. Analyst consensus rates QCOM as a Buy with a target price of $140.31, while recent ratings from Benchmark, Evercore ISI Group, and Susquehanna set an average price target of $194.

Portfolio Pulse from Surbhi Jain

April 30, 2024 | 4:45 pm

VNCE

Vince Holding's stock is trading lower following the announcement of a year-over-year decrease in Q4 sales results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:42 pm

MIND

MIND Technology's shares are trading higher following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 4:38 pm