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Stock Prices

ALVO

Alvotech's stock price increased following the announcement of an agreement to broaden the availability of its Humira biosimilar, Adalimumab-ryvk, in the US market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:57 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is preparing for a critical Q1 earnings call on April 23, following recent layoffs and share price declines. Wedbush analyst Dan Ives, maintaining an Outperform rating and a $300 price target, highlights the importance of this earnings call for Tesla and CEO Elon Musk. Ives points out challenges such as demand erosion in China and debates over product priorities, emphasizing the need for a clear strategy to address negative growth trends, the 2024 outlook, the Model 2 update, and AI initiatives. Tesla's stock has fallen 39.7% year-to-date, with shares trading at $150.46.

Portfolio Pulse from Chris Katje

April 19, 2024 | 2:55 pm

SPY

Fed's Goolsbee highlights the discrepancy between official housing inflation data and market rents, indicating openness to rate hikes if necessary, stating 'Don't think anything is not on the table'.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:51 pm

EDXC

Endexx Corporation (OTC:EDXC) reported an 82% year-over-year increase in 2023 revenue, totaling $3.9 million, driven by its expansion into international markets, notably Italy, which accounted for 48% of total revenues. Despite the revenue growth, the company experienced a gross loss of $879,709, a significant shift from the previous year's gross profit of $1.2 million. Operating expenses decreased to $4.3 million from $5.1 million, but the loss from operations and net loss attributable to shareholders widened. Endexx's total assets decreased, and total current liabilities increased. The company's shares were down 2.44% at $0.02 per share.

Portfolio Pulse from Jelena Martinovic

April 19, 2024 | 2:46 pm

ALVO

AMC

CNS

CYH

FITB

MCB

PARA

Fifth Third Bancorp reported better-than-expected quarterly earnings, leading to a 4.2% rise in its stock price. Other companies like Metropolitan Bank Holding, Paramount Global, and several others also saw significant stock price increases on Friday due to various positive financial results and strategic moves.

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 2:40 pm

SPY

Fed's Goolsbee indicates that achieving the 'Golden Path' of economic stability and growth without triggering inflation or a recession is becoming more challenging for 2024. This outlook may influence monetary policy decisions, potentially affecting market sentiment and investor strategies.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:38 pm

DIS

NFLX

Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS) are at the forefront of the streaming industry battle, with Netflix achieving significant subscriber growth and Disney focusing on cost reduction and profitability. The streaming market is expected to grow substantially, with Netflix showing a stronger stock performance over the past year compared to Disney. Both companies face challenges but maintain a Buy rating from analysts, with Disney having a higher upside potential according to consensus price targets.

Portfolio Pulse from Surbhi Jain

April 19, 2024 | 2:38 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 19th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines specific price levels for potential breakouts or reversals, advising traders to stay alert for market shifts. The memo also notes the absence of major US data releases but points to a speech by Fed's Goolsbee and developments in the Middle East as potential market influencers.

Portfolio Pulse from RIPS

April 19, 2024 | 2:37 pm

TRSG

Tungray Technologies shares have resumed trading, indicating a return to market activity for the company.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:32 pm

PDD

PDD Holdings (NASDAQ:PDD) has seen a significant options trading activity, indicating a bullish sentiment among big-money investors. Benzinga's options scanner revealed 29 unusual trades, with a majority being calls. The trades suggest a targeted price range of $80 to $135 for PDD over the next three months. Notable options activity includes both bullish and bearish sentiments on various expiration dates. PDD Holdings, a multinational commerce group, has seen its stock price decrease by 2.65% to $110.69, with analysts maintaining positive ratings and target prices ranging from $161 to $220.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 2:31 pm