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LEVI

NKE

SKX

Wedbush analyst Tom Nikic maintained an Outperform rating on Skechers USA Inc (SKX) with a $68 price target, citing Eurozone challenges that may prevent an outlook raise. Nike Inc (NKE) and Levi Strauss & Co (LEVI) reported worsening EMEA trends, impacting SKX due to its significant sales in Europe. Despite strong demand and innovation, the analyst expects normalization in growth and a net EPS headwind from a stronger U.S. dollar. However, positives include product innovation, momentum in Asia, U.S. wholesale channel recovery, and a strong balance sheet.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 5:44 pm

FANG

Piper Sandler analyst Mark Lear maintains an Overweight rating on Diamondback Energy (NASDAQ:FANG) and raises the price target from $227 to $247.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:42 pm

NIO

NIO shares are trading lower due to a general downturn in the China EV stock market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:42 pm

SWN

Piper Sandler analyst Mark Lear downgraded Southwestern Energy (NYSE:SWN) from Overweight to Neutral and reduced the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:37 pm

NFLX

Analysts from Bank of America, Wedbush, Macquarie, Oppenheimer, Needham, Goldman Sachs, and JPMorgan provided their insights on Netflix Inc (NASDAQ:NFLX) following its Q1 financial results. The consensus views Netflix's transition from a high-growth, low-profit to a slow-growth, high-profit business positively, with several analysts upgrading their price targets. Key growth drivers include the ad-tier ramp, crackdown on password sharing, strong content slate, and potential for price increases. Concerns were raised about Netflix's decision to stop sharing subscriber and revenue per member metrics in 2024.

Portfolio Pulse from Chris Katje

April 19, 2024 | 5:36 pm

DIS

DJT

GOOGL

META

NFLX

PARA

RBLX

ROKU

SNAP

Today's session highlighted significant options activity in the Communication Services sector, with notable trades on DJT, META, NFLX, PARA, DIS, SNAP, ROKU, GOOGL, and RBLX. The activity ranged from neutral to bullish and bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This options activity could indicate market expectations and potential movements for these stocks.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:35 pm

AMZN

BKNG

HIBB

LULU

NIO

RIVN

RRR

SBUX

TSLA

ULTA

Today's whale activity in the Consumer Discretionary sector highlighted significant options trading across several companies, indicating varied market sentiments. Notably, bearish sentiment was observed in TSLA, RIVN, NIO, SBUX, LULU, and BKNG through put trades and sweeps. Conversely, bullish sentiment was seen in HIBB and ULTA through call trades, while AMZN's call trade was neutral, and RRR's call sweep was bearishly inclined.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:35 pm

AAPL

MSFT

NVDA

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating whale alerts that could signal potential trading opportunities. Notable activities include bearish put option sweeps for NVDA, ARM, INTC, and FTNT, and bearish call option sweeps for AAPL, SNOW, and TSM. Conversely, bullish sentiments were observed in MSFT and MARA call trades, and a bullish put sweep for SMCI. These movements suggest varying investor expectations and market sentiments towards these stocks.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:35 pm

IBTA

Ibotta's shares are trading lower after their initial public offering (IPO) on Thursday, indicating a less favorable market reception.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:34 pm

TJX

$1000 invested in TJX Companies (NYSE:TJX) 20 years ago would be worth $14,466.46 today, showcasing an average annual return of 14.28% and outperforming the market by 6.65% annually. TJX's market capitalization stands at $105.06 billion.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:32 pm