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DIS

DKNG

WBD

Florida basketball head coach Todd Golden plans to wear shoes supporting Magen David Adom, an Israeli disaster relief organization, during a March Madness game. This move, amidst the ongoing Israel-Hamas conflict, could draw attention and controversy. The game will be broadcast on TBS, owned by Warner Bros. Discovery (WBD), and involves betting odds from DraftKings Inc (DKNG). The situation reflects broader tensions around public figures expressing political stances, as seen with the NBA's ban on political messages on shoes and reactions to political statements in Hollywood.

Portfolio Pulse from Chris Katje

March 22, 2024 | 8:47 pm

TXN

Options market activity for Texas Instruments (NASDAQ:TXN) shows a bullish sentiment among investors, with 54% of trades being bullish and 45% bearish. The trading volume and open interest analysis indicate a focus on a price range between $130.0 and $210.0. The largest trades include both bullish and bearish positions, with significant amounts invested in puts and calls. Texas Instruments, a leading semiconductor manufacturer, has seen its stock price slightly decrease by 0.06% to $172.48, with analysts giving an average target price of $170.0. The company's next earnings report is expected in 32 days.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

WFC

Wells Fargo (NYSE:WFC) has seen significant options activity, with a bearish sentiment prevailing among traders. Analysis of 16 unusual trades revealed 31% bullish and 68% bearish tendencies. The largest trades were calls, with a notable volume and open interest in the $40.0 to $60.0 strike price range. The current market status shows WFC's price down by -1.24% at $57.13, with an upcoming earnings announcement in 21 days. This activity suggests traders are preparing for potential price movements within the predicted range.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:45 pm

RDDT

Reddit, Inc. (NASDAQ:RDDT) celebrated its IPO with significant attention from the WallStreetBets forum, where users shared their profits and experiences. Reddit reserved 8% of its IPO shares for 'super users,' and the stock opened at $47, peaking above $57. Retail investors anticipate a potential drop in the stock's price post-IPO excitement. Reddit shares fell 8.8% to $46.00 following the IPO.

Portfolio Pulse from Erica Kollmann

March 22, 2024 | 8:40 pm

JOAN

Joann's common stock trading will be suspended at the opening of business on March 28, 2024, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:36 pm

AAPL

AMD

NVDA

RDDT

TSLA

The Federal Reserve's indication of potential rate cuts this year has propelled Wall Street to record highs, with significant gains for the S&P 500, Nasdaq 100, and Dow Jones. Nvidia (NVDA) continued its upward trajectory, marking 11 weeks of gains. ARK Investment predicts a massive valuation for disruptive technologies by 2030. Reddit's IPO saw a substantial increase, while Nvidia, AMD, and Apple faced various challenges and opportunities. Elon Musk's comments on ketamine use also drew attention.

Portfolio Pulse from Piero Cingari

March 22, 2024 | 8:34 pm

TLF

Tandy Leather Factory (NASDAQ:TLF) reported a significant increase in Q4 EPS to $0.23 from $0.06 YoY, despite a 7.01% decrease in sales to $20.80M from $22.37M YoY.

Portfolio Pulse from Happy Mohamed

March 22, 2024 | 8:33 pm

RILY

B. Riley Financial, Inc. (RILY) received a delinquency notification from Nasdaq for not filing its Annual Report on time, violating Nasdaq Listing Rule 5250(c)(1). This has no immediate effect on its Nasdaq listing.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:32 pm

MCD

Recent options activity for McDonald's (NYSE:MCD) shows a bullish trend among investors, with 62% of trades being bullish. The focus is on a price band between $235.0 and $290.0. The largest trades have been calls, particularly bullish towards the $277.50 strike price. McDonald's, a leading restaurant owner-operator, has seen its stock price slightly decrease to $282.63. Analysts have set an average price target of $325.0, with TD Cowen rating it as Outperform.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm

TMUS

Deep-pocketed investors have shown a bearish sentiment towards T-Mobile US (NASDAQ:TMUS), as revealed by Benzinga's tracking of public options records. The options market activity indicates a divided sentiment with 42% bullish and 57% bearish, focusing on a price band between $140.0 and $175.0. The largest trades include both puts and calls with varying sentiments. T-Mobile US's current market position shows a slight price decrease with an upcoming earnings announcement. An analyst from RBC Capital has lowered its rating to Outperform with a price target of $184.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 8:30 pm