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STIX

Semantix Inc (NASDAQ:STIX) shares plummeted 39.6% to $0.53 after announcing its decision to voluntarily delist from the Nasdaq Global Market due to costs and burdens of public trading. The delisting is expected around April 15, with future trading possibly occurring through private sales or on an over-the-counter market, though not guaranteed. Semantix also plans to suspend its SEC reporting obligations.

Portfolio Pulse from Henry Khederian

April 05, 2024 | 2:46 pm

LULU

Deep-pocketed investors show a divided sentiment on Lululemon Athletica (NASDAQ:LULU), with options trading data revealing an equal split between bullish and bearish positions. The trading activity, highlighted by Benzinga, includes significant options trades with a price window target of $340.0 to $450.0. Current stock performance shows a slight increase in price, with analysts maintaining positive ratings, suggesting a potential upside.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:46 pm

SGH

SMART Global Holdings, Inc. (NASDAQ:SGH) is anticipated to release its Q2 earnings after the market closes on April 9, 2024, with analysts expecting a decrease in earnings per share from 76 cents to 25 cents year-over-year, and a projected quarterly revenue of $283.79 million. The company previously announced a $75 million share repurchase authorization. Shares fell 2% to $25.49 recently. Analysts from Needham, Rosenblatt, Deutsche Bank, and Barclays have provided updated ratings and price targets for SGH.

Portfolio Pulse from Avi Kapoor

April 05, 2024 | 2:38 pm

TSLA

The article discusses concerns about Tesla (NASDAQ:TSLA), highlighting a recent bad delivery number and the company's decision to not slow manufacturing production despite a slowdown in demand. The author believes this strategy risks creating too much inventory, potentially leading to future write downs and earnings hits, especially if the economy slows next year. The article also mentions Tesla's Full Self-Driving (FSD) feature not nearing regulatory approval, which adds to the stock risk. The author, previously a Tesla bull, remains cautious and sees no immediate change in their stance.

Portfolio Pulse from Elazar Advisors

April 05, 2024 | 2:35 pm

MCD

McDonald's Corp (NYSE:MCD) is acquiring its Israeli operations from Alonyal Ltd, which has managed the franchise for over 30 years with about 225 restaurants and 5,000 employees. This move follows controversy during the Israel-Hamas war, with McDonald's planning to find a new franchisee for the region soon. MCD shares dropped by 0.90% to $267.67.

Portfolio Pulse from Shivani Kumaresan

April 05, 2024 | 2:33 pm

INTC

Recent unusual options activity in Intel (NASDAQ:INTC) suggests a divided sentiment among deep-pocketed investors, with 46% bullish and 53% bearish. The activity focuses on a price range between $30.0 and $50.0. Notable trades include both puts and calls with varying sentiments and strike prices. Intel's current market position shows a slight decrease in stock price, with an RSI indicating potential oversold conditions. Analyst ratings in the last 30 days present a mixed outlook, with an average price target of $50.4.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:31 pm

LLY

Eli Lilly and Co (NYSE:LLY) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 22 trades revealed 40% bullish and 59% bearish positions, with a focus on strike prices between $490.0 and $830.0. The volume and open interest in options suggest that big players are targeting this price range. Notably, the largest trades include both bullish and bearish calls with expiration dates ranging from April 2024 to September 2024. Eli Lilly, a pharmaceutical company specializing in various therapeutic areas, currently has its stock price at $763.86, showing a slight decrease. The company's next earnings report is expected in 25 days, and the RSI indicators suggest the stock may be nearing overbought territory.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:31 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a mix of bullish and bearish options trading activity, with a notable volume of trades predicting a price range of $145.0 to $200.0. The company, known for its CPUs and GPUs, has recently acquired FPGA leader Xilinx. Currently, AMD's stock is up by 1.37% at $168.11, with analysts giving mixed ratings but an average target price of $218.0.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 2:31 pm

AGS

PlayAGS shares surged following B. Riley's reinstatement of the stock with a Buy rating and a $16 price target.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:30 pm

SPY

A magnitude 5.5 earthquake has struck the Greater New York Area, NJ, according to Reuters citing the EMSC. This event may have implications for the stock market, particularly affecting the SPDR S&P 500 ETF Trust (SPY), as investors react to potential impacts on businesses and infrastructure in the region.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 2:28 pm