Streetbeat News

Stock Prices

DNUT

Krispy Kreme shares are trading lower following a recent surge due to a partnership announcement with McDonald's. The initial excitement has tapered off, leading to a pullback in the stock's price.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:38 pm

RUN

Sunrun's shares experienced an increase following the announcement that the company will transition from the S&P MidCap 400 to the S&P SmallCap 600.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:37 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 27th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, including potential bullish and bearish price targets. The memo also highlights the importance of monitoring trade balance revisions, Treasury auctions, and market dynamics as the quarter-end rebalance approaches. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 27, 2024 | 2:36 pm

SMCI

Jim Cramer, a notable market analyst, has recently endorsed Super Micro Computer (NASDAQ:SMCI) as a significant entity in the tech infrastructure sector, particularly emphasizing its role in cloud and AI technologies. This comes amidst a variety of analyst opinions on SMCI, with an average 12-month price target of $868.87, indicating a 53.24% increase. JP Morgan also initiated coverage with an Overweight rating and a $1,150 price target, highlighting SMCI's leadership in AI computing.

Portfolio Pulse from Benzinga Neuro

March 27, 2024 | 2:35 pm

COPP

Goldman Sachs has shifted to a bullish stance on commodities, forecasting a 15% increase in raw material prices due to lower borrowing costs, a recovering manufacturing sector, and geopolitical tensions. The bank highlights copper, aluminum, gold, and oil products as commodities with potential gains, with specific year-end price forecasts provided for copper, aluminum, and gold. This outlook is supported by other analysts and factors such as central bank rate cuts, China's economic recovery efforts, and supply constraints in the copper market. Investors are advised to be selective, as not all commodities may see uniform gains. The article also mentions Sprott's newly launched Copper Miners ETF (NASDAQ:COPP) as an investment option.

Portfolio Pulse from Stjepan Kalinic

March 27, 2024 | 2:31 pm

JD

Investors have shown increased interest in JD.com (NASDAQ:JD) with a noticeable surge in options activity, indicating a split sentiment with 50% bullish and 50% bearish. The options trades suggest a target price range of $20.0 to $42.5. Notable trades include both puts and calls with varying sentiments and expiration dates. JD.com's current market performance shows a slight decrease in stock price, with an RSI suggesting it may be approaching overbought territory. Analysts have mixed ratings on JD, with target prices ranging from $26 to $55.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:31 pm

NKE

Deep-pocketed investors have shown a bearish sentiment towards Nike (NKE) based on options market activity, with a significant portion of trades indicating expectations of price movements between $85.0 and $105.0. The options market activity includes both puts and calls, with a higher volume of bearish bets. Nike's current trading volume and price have seen a slight increase, and the stock is potentially oversold according to RSI indicators. Analysts have mixed views on Nike, with price targets ranging from $85 to $130.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:31 pm

MCO

Over the past 15 years, Moody's (NYSE:MCO) has significantly outperformed the market, with an average annual return of 21.1%, turning a $100 investment into $1,816.78. Currently, Moody's market capitalization stands at $71.44 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:30 pm

NDAQ

Nasdaq (NASDAQ:NDAQ) has delivered an average annual return of 16.12% over the past 5 years, outperforming the market by 3.41% on an annualized basis. A $1000 investment in NDAQ 5 years ago would be worth $2,126.13 today. The company currently has a market capitalization of $36.07 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:30 pm

COIN

Coinbase shares dropped following a US court decision that permits an SEC lawsuit to proceed, alleging Coinbase's involvement in the unregistered offer and sale of securities.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:30 pm