Latest News for Hanjiao Group Stock (OTC:HJGP)

Hanjiao Group Inc operates in the healthcare industry. The company is engaged in the business of dietary supplements and nutritional products for middle-aged and elderly people.

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Builders FirstSource shares are trading higher. Building products companies may be higher following better-than-expected new home sales data.

Shares of Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) fell sharply during Tuesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/04/38365860/nucor-shares-fall-after-worse-than-expected-q1-results">quarterly financial results</a>.
Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nucor shares tumbled 6.5% to $179.20 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere&#8217;s operation in Dubuque, Iowa.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares climbed 50.4% to $0.0689 after falling 10% on Monday.</li>
<li>Oportun Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRT#NASDAQ">OPRT</a>) gained 46% to $3.29 after the company announced preliminary first-quarter total revenue above estimates.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 44.3% to $7.12 after the company entered a collaboration with Strand Life Sciences.</li>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) gained 27% to $0.5683 after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) climbed 20% to $5.22.</li>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) rose 19.5% to $1.5307 after declining 3% on Monday.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) gained 18.7% to $9.49.</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) rose 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 17.4% to $1.3499.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) rose 15.5% to $9.24.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) gained 15.5% to $0.9295.</li>
<li>Carmell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>) climbed 15.2% to $2.20.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares gained 15% to $0.2244 after the company announced new preclinical data will be presented at the American Society of Gene and Cell Therapy meeting.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) jumped 14.4% to $0.8603.</li>
<li>9F Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) rose 14.3% to $3.29.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 14% to $1.05. The company executives announced intentions to purchase at least $2 million of the company's common stock.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) jumped 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) gained 12.3% to $305.73 following first-quarter financial results.</li>
<li>Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) climbed 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) gained 9.4% to $6.05.</li>
<li>Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) rose 9% to $118.82 following better-than-expected quarterly earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) jumped 8.8% to $10.15.</li>
<li>HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) surged 7.4% to $25.91 following upbeat quarterly results.</li>
<li>Cidara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) shares rose 7% to $0.55 following upbeat quarterly results.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) gained 6.2% to $62.20.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Abeona Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABEO#NASDAQ">ABEO</a>) fell 48.4% to $3.7950 after the company announced the FDA issued a Complete Response Letter in response to the company&#8217;s Biologics License Application for pz-cel for the treatment of patients with recessive dystrophic epidermolysis bullosa.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares fell 44.6% to $0.0699. Greenwave Technology Solutions disclosed that it further strengthened its balance sheet by approximately $12 million.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 44.4% to $0.5450.</li>
<li>Tungray Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares declined 34.2% to $4.87 after gaining 24% on Monday.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) fell 26.3% to $0.5091.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) fell 24.3% to $1.87. On April 22, Moolec Science said it received approval for its plant-grown animal proteins.</li>
<li>YY Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) fell 22.4% to $2.25 after tumbling over 27% on Monday. The company, last week, priced its IPO at $4 per share.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 19.7% to $2.0899.</li>
<li>Comstock Holding Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) declined 18.8% to $6.44.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) dipped 18% to $0.2369. SuperCom recently reported better-than-expected quarterly results.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) declined 16.2% to $6.29 after the company reported first-quarter financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.</li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) declined 13% to $448.01 following first-quarter financial results.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) fell 12.6% to $42.78 after the company reported a first-quarter earnings miss and cut its FY24 outlook.</li>
<li>Simpson Manufacturing Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) dipped 11.7% to $163.40 following weak quarterly earnings.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) shares fell 11.2% to $0.1598 after the company filed for a mixed shelf offering of up to $75 million.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) tumbled 11.1% to $14.60 after the company reported worse-than-expected first-quarter results and reiterated FY24 guidance.</li>
<li>T2 Biosystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTOO#NASDAQ">TTOO</a>) declined 10.4% to $2.83 after gaining around 7% on Monday.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) shares fell 10.1% to $7.13 after the company issued its production and sales performance metrics for the nine months ended 31 March, 2024.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 9.3% to $0.3530 after dipping around 14% on Monday.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dipped 7.8% to $19.22 after the company&#8217;s reported worse-than-expected first-quarter financial results.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) fell 7.1% to $0.77. Phio Pharmaceuticals shares jumped around 33% on Monday after the company announced that its intratumoral injection of murine PH-762 inhibited tumor growth in murine tumor models and may generate memory-specific T cells.</li>
<li>Calix, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) shares fell 4.1% to $28.34 after the company reported mixed first-quarter financial results and issued second-quarter guidance below estimates.</li>
</ul>
Read More: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38379861/bitcoin-surpasses-66-000-akash-network-core-among-top-gainers">Bitcoin Surpasses $66,000; Akash Network, Core Among Top Gainers</a>

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Intraday Update

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ABEO

AZTR

CALX

CDTX

CHCI

CSLR

CTCX

FCEL

GWAV

HIBB

HRTX

HSTM

JAGX

JBLU

KULR

LICN

MESO

MLEC

MSCI

OPRT

PALI

PEGY

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Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

Western Digital shares are trading higher amid overall strength in tech.

Offerings

LIXT

Lixte Biotechnology Holdings Files $50M Offering

RTX Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) reported a first-quarter FY24 adjusted net sales increase of 12% Y/Y to $19.3 billion,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38374759/rtx-reports-q1-2024-results" rel="noreferrer noopener">consensus of $18.4 billion</a>.&nbsp;
Collins&nbsp;Aerospace&#8217;s&nbsp;sales were $6.7 billion (+9% Y/Y), driven by a 14% increase in commercial aftermarket and commercial OE and a 1% increase in defense. The adjusted operating margin expanded by 90 bps Y/Y to&nbsp;15.7%.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/37259825/rtxs-collins-aerospace-to-elevate-air-indias-737-max-fleet-with-advanced-avionics-package-detail" rel="noreferrer noopener">RTX&#8217;s&nbsp;Collins Aerospace To Elevate Air&nbsp;India&#8217;s&nbsp;737 MAX Fleet with Advanced Avionics Package: Details</a>
Pratt &amp;&nbsp;Whitney&#8217;s&nbsp;sales were $6.46 billion (+23% Y/Y), driven by a 64% increase in commercial OE,&nbsp;a 21% increase in military, and&nbsp;a 9% rise in commercial aftermarket business.&nbsp;Adjusted&nbsp;operating margin of 6.7%, down by 160&nbsp;bps.
Raytheon&#8217;s&nbsp;sales increased by 6% Y/Y to $6.66 billion, driven by higher volume on land and air defense systems. The adjusted operating margin expanded by 20 bps to 9.5%.
Adjusted EPS improved 10% Y/Y to $1.34, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $1.23</a>.
At the end of the quarter, the backlog was $202 billion, of which $125 billion was from commercial aerospace and $77 billion was from defense.
RTX&#8217;s&nbsp;operating cash flow for the quarter totaled $0.3 billion, and a free cash outflow of&nbsp;$(0.1) billion.
FY24 Outlook Reiterated:&nbsp;RTX expects sales of $78 billion-$79 billion, versus the consensus of $78.78 billion; sees adjusted EPS of $5.25 – $5.40&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36741472/why-is-aerospace-and-defense-giant-rtx-stock-rallying-today" rel="noreferrer noopener">versus the consensus of $5.39</a>.&nbsp;
The company expects a&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">free cash flow of ~$5.7 billion&nbsp;in the year</a>.
Last week, RTX entered into an energy supply agreement with a&nbsp;subsidiary of&nbsp;ENGIE North America,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38318444/rtx-inks-largest-renewable-electricity-agreement-on-path-to-achieve-2025-goal" rel="noreferrer noopener">ENGIE Resources LLC&nbsp;(ENGIE)</a>.
Earlier this month, Pratt &amp; Whitney launched NATA in Florida, enhancing&nbsp;MRO&nbsp;network with&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38169506/whats-going-on-with-pratt-whitney-parent-rtx-shares-today" rel="noreferrer noopener">dedicated space and resources</a>.
Price Action: RTX shares are trading higher by 0.08% at $101.64 at the last check Tuesday.
Photo via Shutterstock

Earnings

Equities

Large Cap

Guidance

RTX Soars Above Estimates in Q1, Reiterates FY24 Outlook

Healthcare did not have a great 2023, even as markets turned around from the depths of the year prior. The sector, which roughly accounts for 13% of the S&amp;P 500, lagged last year as investors flocked to massive tech and growth stocks that propelled the markets. A late-year rally in 2023 saw the sector pairing its losses for the year and ending the 12 months on a positive note, even if only just. The turnaround, however, did not stop it from becoming one of the S&amp;P 500&#39;s worst-performing sectors in 2023, rising just 0.3% compared to the benchmark index&#39;s 24% jump.
Yet, upsides are being witnessed for the sector of late. Health spending in the United States has been forecast to grow at an average annual rate of 5.4% for 2019-2028 and should reach $6.2 trillion by 2028. While the industry faces labor shortages and recessionary pressures in the post-pandemic world marked by a European war, it is currently pitted to grow at a higher rate than the overall economy.
Globally, approximately $8.3 trillion is being spent on healthcare, with almost half of that, roughly $3.8 trillion, coming from the United States. Considering the fact that the healthcare sector is growing faster than the overall world economy, these figures are expected to rise substantially by the turn of the decade.
Several societal and demographic upheavals are also aiding the sector. These include an aging population and epidemics like obesity and diabetes. Moreover, these stocks are considered defensive, meaning they tend to remain stable regardless of the prevalent market conditions. Regular demand for healthcare services is not dependent on the peaks and troughs of a market that has risen and fallen over the past two years over the Fed&#39;s monetary policy.
Also, the healthcare sector is poised for significant long-term changes, including the integration of AI in medical research. The sector also seems lucrative for investors looking for a steady cash flow because pharmaceutical companies are known to offer regular dividends.
Healthcare has also seen growth in the ETF market in 2024. The S&amp;P 500 Select Sector SPDR for Healthcare (ARCA:XLV) grew 2.4% in March. It has jumped 8.8% in the first quarter and 16% over the last 12 months. The sector may be off its pandemic-period peak but will remain resilient and grow in the coming years.
Hence, astute investors should bet on healthcare mutual funds at present. Mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases.
We have thus selected three such healthcare mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy), 2 (Buy), have positive three-year and five-year annualized returns, minimum initial investments within $5000, and carry a low expense ratio.
Janus Henderson Global Life Sciences (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jnglx#NASDAQ">JNGLX</a>) primarily invests in equity securities issued by companies engaged in life sciences orientation.
Andrew Acker has been the lead manager of JNGLXsince April 2007. The fund has 6.5% of its portfolio invested in UnitedHealth Group, 5.1% in Eli Lilly and 4.2% in Novo Nordisk.
JNGLX&#39;s 3-year and 5-year annualized returns are 7.6% and 11.6%, respectively. Its net expense ratio is 0.80%. JNGLXhas a Zacks Mutual Fund Rank #2.
Vanguard Health Care (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vghcx#NASDAQ">VGHCX</a>) primarily invests in stocks of companies principally engaged in the development, production, or distribution of products and services in the healthcare industry. VGHCX also invests a significant portion of its assets in foreign stocks.
Jean M. Hynes has been the lead manager of VGHCX since May 2008. The fund has 8% of its portfolio invested in Eli Lilly, 7.8% in UnitedHealth Group and 5.7% in AstraZeneca.
VGHCX&#39;s 3-year and 5-year annualized returns are 7.9% and 9.9%, respectively. Its net expense ratio is 0.36%. VGHCX has a Zacks Mutual Fund Rank #1.
Fidelity Select Pharmaceuticals Portfolio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fphax#NASDAQ">FPHAX</a>) primarily invests in stocks of companies principally engaged in the research, development, manufacture, sale, or distribution of pharmaceuticals and drugs of all types. FPHAX advisors use fundamental analysis of factors like each issuer&#39;s financial condition and industry position, as well as market and economic conditions, to arrive at their investment decision.
Karim Suwwan de Felipe has been the lead manager of FPHAX since June 2017. The fund has 24.1% of its portfolio invested in Eli Lilly, 14.8% in Novo Nordisk and 9.4% in AstraZeneca.
FPHAX&#39;s 3-year and 5-year annualized returns are 13.2% and 14%, respectively. Its net expense ratio is 0.73%. FPHAX has a Zacks Mutual Fund Rank #1.
<a href="https://www.zacks.com/stock/news/2259787/3-healthcare-mutual-funds-to-grab-as-the-sector-continues-to-rebound?cid=CS-BENZ-FT-mutual_fund_commentary-2259787">To read this article on Zacks.com click here.</a>

Mutual Funds

Health Care

Trading Ideas

General

FPHAX

JNGLX

Vanguard Specialized Portfolios Health Care Fund

VGHCX

3 Healthcare Mutual Funds To Grab As the Sector Continues to Rebound

Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is set to report its fiscal fourth-quarter (F4Q) earnings on May 7 after the market closes. With the gaming landscape facing macroeconomic headwinds and specific challenges, EA&#8217;s upcoming earnings are <a href="https://www.benzinga.com/topic/video-games">approached with moderated expectations</a>.
EA Analysts&#8217; Overview: Oppenheimer analysts Martin Yang, CFA, and Andrew Northcutt continue to rate EA as Outperform with a price target of $150. 
Despite current market challenges, they believe EA&#8217;s valuation provides decent downside protection.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38226663/ea-drops-uk-quality-team-leaves-40-apex-legends-staffers-in-limbo">EA Drops UK Quality Team, Leaves 40 Apex Legends Staffers In Limbo</a>
Moderated Expectations: The analysts have adjusted their outlook, anticipating EA&#8217;s performance to align with conservative guidance due to softer live service bookings and a leaner release slate. 
&#8220;We see investor sentiment as neutral to slightly negative into EA&#8217;s F4Q24 earnings,&#8221; Martin Yang noted, attributing the sentiment to the subdued macro outlook on the console game market and performance issues in titles like Apex Legends.
Strategic Overview:
<ul>
<li>Game Releases: EA plans to bolster its portfolio with highly anticipated titles such as College Football, Need for Speed, and Dragon Age Dreadwolf.</li>
<li>Digital and Mobile Growth: Continued expansion in digital sales and mobile gaming platforms is expected, leveraging strong franchises and new content.</li>
<li>Hardware Sales: The company also anticipates a rebound in gaming hardware sales as next-generation consoles gain traction.</li>
</ul>
Revenue and Profit Outlook:
<ul>
<li>Revenue Streams: Although live services are experiencing slower growth, EA&#8217;s digital segment is expected to maintain its expansion, supported by ongoing user engagement.</li>
<li>Margin Expansion: Improvements in game development and marketing efficiency are likely to enhance margins.</li>
</ul>
Investor Catalysts: The analysts highlight several factors that could positively influence investor sentiment:
<ul>
<li>New game launches and a strategic focus on digital transformation are expected to reinforce EA&#8217;s market position.</li>
<li>Potential small-scale mergers and acquisitions are viewed as opportunities for strategic growth and innovation.</li>
</ul>
Looking Ahead: For the F4Q report, Yang and Northcutt predict a cautious yet strategic approach, with discussions on new initiatives likely during the earnings call, especially relating to EA&#8217;s digital and mobile strategies.
Market Position: &#8220;With a clearer catalyst path into C2H24, we view EA as a better buy than Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), in the near term,&#8221; the analysts said.
EA Price Action: Electronic Arts stock was trading at $127.50 at the time of publication, up 0.32% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro. </a>
Read Next: <a href="https://www.benzinga.com/news/24/04/38185551/ea-raising-price-of-ea-play-subscription-games-industry">&#8216;EA Raising Price Of EA Play Subscription&#8217; </a>
Image credits: <a href="https://www.shutterstock.com/es/g/Sergei_Elagin">Sergei Elagin</a> on Shutterstock.

Gaming

Previews

TTWO

Can Electronic Arts Overcome Gaming Headwinds? What To Expect From Upcoming Q4 Earnings

Monness, Crespi, Hardt analyst Jim Chartier downgrades Hibbett (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) from Buy to Neutral.

Downgrades

Analyst Ratings

Monness, Crespi, Hardt Downgrades Hibbett to Neutral

SNDL's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NYSE">SNDL</a>) short percent of float has fallen 6.62% since its last report. The company recently reported that it has 10.40 million shares sold short, which is 3.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SNDL Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713894321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SNDL has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SNDL's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SNDL's peer group average for short interest as a percentage of float is 11.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

SNDL

Peering Into SNDL's Recent Short Interest

Target's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) short percent of float has fallen 12.07% since its last report. The company recently reported that it has 7.06 million shares sold short, which is 1.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.14 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Target Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713894316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Target has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Target's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Target's peer group average for short interest as a percentage of float is 3.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Target's Recent Short Interest

ON Semiconductor's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ON#NYSE">ON</a>) short percent of float has fallen 3.82% since its last report. The company recently reported that it has 22.61 million shares sold short, which is 7.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>ON Semiconductor Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713894311_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for ON Semiconductor has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing ON Semiconductor's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, ON Semiconductor's peer group average for short interest as a percentage of float is 4.13%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into ON Semiconductor's Recent Short Interest

BRKR

Bruker shares are trading higher amid strength in life sciences tools stocks following strong earnings from Danaher and strong guidance from Medpace.

Salesforce Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) advocates for increased environmental regulation of artificial intelligence, pointing out the technology sector&#8217;s high energy usage and lack of emissions reporting.&nbsp;
On Monday, the software developer announced its intention to push lawmakers and regulators to develop legislation that mandates AI emissions disclosure using standardized measurement and reporting metrics.
Megan Lorenzen, Salesforce&#8217;s director of climate and energy, emphasized AI&#8217;s dual potential to worsen or mitigate environmental challenges.&nbsp;
Also&nbsp;Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38225392/salesforce-leverages-ai-and-data-cloud-for-future-expansion-eyes-significant-margin" rel="noreferrer noopener">Salesforce Leverages AI and Data Cloud for Future Expansion, Eyes Significant Margin Gains and Sustained Growth, Analyst Says</a>
Salesforce specifically urges companies that use general-purpose AI models to publicly report their energy efficiency and carbon footprints using standardized metrics, the Wall Street Journal&nbsp;<a target="_blank" href="https://www.wsj.com/articles/salesforce-calls-for-ai-emissions-regulations-as-concerns-grow-over-tech-sectors-carbon-footprint-dc9c016f?mod=tech_lead_pos2" rel="noreferrer noopener">reports</a>.&nbsp;
According to Lorenzen, such transparency will improve efficiencies over time and enable users to make more informed decisions regarding AI and energy consumption.
Moreover, Salesforce sees these disclosures as essential to achieving a net-zero future and considers them ideal while assessing the risks of high-impact AI models.&nbsp;
<a target="_blank" href="https://www.benzinga.com/m-a/24/04/38357035/whats-going-on-with-salesforce-and-informatica-stock-monday" rel="noreferrer noopener">Also this week</a>, Salesforce dumped its acquisition discussions with&nbsp;Informatica Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) after disagreeing on the merger terms.
The deal could have resulted in one of Salesforce&#8217;s most significant acquisitions.
Salesforce&nbsp;stock gained 41% in the last 12 months. Investors can gain exposure to the stock via&nbsp;REX FANG &amp; Innovation Equity Premium Income ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>) and&nbsp;SmartETFs Advertising &amp; Marketing Technology ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRAD#NYSE">MRAD</a>).
Price Actions:&nbsp;CRM shares traded lower by 0.33% at $272.92&nbsp;at&nbsp;the last check Tuesday.&nbsp;
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy of Salesforce

Government

Regulations

Tech

Media

AAPL

FEPI

GOOGL

INFA

MRAD

MSFT

Salesforce Pushes for Transparency in AI Emissions Reporting

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Communication Services sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$12.50</td>
<td>$51.1K</td>
<td>54.9K</td>
<td>7.9K</td>
</tr>
<tr>
<td>DJT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$67.0K</td>
<td>2.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$214.0K</td>
<td>327</td>
<td>982</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$165.00</td>
<td>$26.9K</td>
<td>12.6K</td>
<td>682</td>
</tr>
<tr>
<td>GOOG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$157.50</td>
<td>$26.1K</td>
<td>1.3K</td>
<td>668</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$500.00</td>
<td>$27.1K</td>
<td>969</td>
<td>509</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/10/24</td>
<td>$585.00</td>
<td>$54.8K</td>
<td>525</td>
<td>321</td>
</tr>
<tr>
<td>VZ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$42.00</td>
<td>$32.2K</td>
<td>20.6K</td>
<td>298</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$87.50</td>
<td>$30.7K</td>
<td>397</td>
<td>75</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.00</td>
<td>$40.2K</td>
<td>5.7K</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding PARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), we observe a call option trade with bearish sentiment. It expires in 59 day(s) on June 21, 2024. Parties traded 306 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $51.1K, with a price of $167.0 per contract. There were 54934 open contracts at this strike prior to today, and today 7986 contract(s) were bought and sold. 
• Regarding DJT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), we observe a put option trade with bullish sentiment. It expires in 150 day(s) on September 20, 2024. Parties traded 40 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $67.0K, with a price of $1676.0 per contract. There were 2341 open contracts at this strike prior to today, and today 1177 contract(s) were bought and sold. 
• Regarding SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>), we observe a call option sweep with bullish sentiment. It expires in 150 day(s) on September 20, 2024. Parties traded 481 contract(s) at a $80.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $214.0K, with a price of $445.0 per contract. There were 327 open contracts at this strike prior to today, and today 982 contract(s) were bought and sold. 
• For TMUS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), we notice a call option sweep that happens to be bearish, expiring in 24 day(s) on May 17, 2024. This event was a transfer of 101 contract(s) at a $165.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $267.0 per contract. There were 12656 open contracts at this strike prior to today, and today 682 contract(s) were bought and sold. 
• For GOOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 86 contract(s) at a $157.50 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $304.0 per contract. There were 1312 open contracts at this strike prior to today, and today 668 contract(s) were bought and sold. 
• Regarding META (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), we observe a call option trade with bullish sentiment. It expires in 10 day(s) on May 3, 2024. Parties traded 13 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $2090.0 per contract. There were 969 open contracts at this strike prior to today, and today 509 contract(s) were bought and sold. 
• Regarding NFLX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), we observe a call option trade with neutral sentiment. It expires in 17 day(s) on May 10, 2024. Parties traded 50 contract(s) at a $585.00 strike. The total cost received by the writing party (or parties) was $54.8K, with a price of $1096.0 per contract. There were 525 open contracts at this strike prior to today, and today 321 contract(s) were bought and sold. 
• Regarding VZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), we observe a call option trade with bearish sentiment. It expires in 269 day(s) on January 17, 2025. Parties traded 169 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $191.0 per contract. There were 20609 open contracts at this strike prior to today, and today 298 contract(s) were bought and sold. 
• For TTD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), we notice a call option trade that happens to be bullish, expiring in 87 day(s) on July 19, 2024. This event was a transfer of 53 contract(s) at a $87.50 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $580.0 per contract. There were 397 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold. 
• For DIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), we notice a put option sweep that happens to be bearish, expiring in 633 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $100.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $40.2K, with a price of $805.0 per contract. There were 5730 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

GOOG

NFLX

PARA

TMUS

10 Communication Services Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$145.00</td>
<td>$78.7K</td>
<td>14.2K</td>
<td>26.3K</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$60.00</td>
<td>$34.4K</td>
<td>4.0K</td>
<td>2.8K</td>
</tr>
<tr>
<td>LRN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$55.00</td>
<td>$62.8K</td>
<td>884</td>
<td>1.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$120.00</td>
<td>$63.6K</td>
<td>7.5K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$28.0K</td>
<td>9.9K</td>
<td>340</td>
</tr>
<tr>
<td>HAS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$52.50</td>
<td>$40.5K</td>
<td>279</td>
<td>283</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$105.00</td>
<td>$53.2K</td>
<td>5.1K</td>
<td>246</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$15.00</td>
<td>$147.8K</td>
<td>30.3K</td>
<td>222</td>
</tr>
<tr>
<td>YETI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$35.00</td>
<td>$51.2K</td>
<td>197</td>
<td>205</td>
</tr>
<tr>
<td>CHWY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$22.50</td>
<td>$26.5K</td>
<td>3.5K</td>
<td>185</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on April 26, 2024. Parties traded 123 contract(s) at a $145.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $78.7K, with a price of $640.0 per contract. There were 14204 open contracts at this strike prior to today, and today 26317 contract(s) were bought and sold. 
• Regarding W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 86 contract(s) at a $60.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $34.4K, with a price of $400.0 per contract. There were 4051 open contracts at this strike prior to today, and today 2871 contract(s) were bought and sold. 
• Regarding LRN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>), we observe a put option sweep with bearish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 322 contract(s) at a $55.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $62.8K, with a price of $195.0 per contract. There were 884 open contracts at this strike prior to today, and today 1852 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option trade with bearish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 296 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $63.6K, with a price of $215.0 per contract. There were 7500 open contracts at this strike prior to today, and today 1136 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option sweep that happens to be bearish, expiring in 269 day(s) on January 17, 2025. This event was a transfer of 94 contract(s) at a $60.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $28.0K, with a price of $298.0 per contract. There were 9980 open contracts at this strike prior to today, and today 340 contract(s) were bought and sold. 
• For HAS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), we notice a put option sweep that happens to be bearish, expiring in 59 day(s) on June 21, 2024. This event was a transfer of 270 contract(s) at a $52.50 strike. This particular put needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $40.5K, with a price of $150.0 per contract. There were 279 open contracts at this strike prior to today, and today 283 contract(s) were bought and sold. 
• For WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we notice a call option sweep that happens to be bearish, expiring in 59 day(s) on June 21, 2024. This event was a transfer of 188 contract(s) at a $105.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $53.2K, with a price of $284.0 per contract. There were 5178 open contracts at this strike prior to today, and today 246 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a put option sweep that happens to be bearish, expiring in 269 day(s) on January 17, 2025. This event was a transfer of 219 contract(s) at a $15.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $147.8K, with a price of $675.0 per contract. There were 30392 open contracts at this strike prior to today, and today 222 contract(s) were bought and sold. 
• Regarding YETI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YETI#NYSE">YETI</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 160 contract(s) at a $35.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $51.2K, with a price of $320.0 per contract. There were 197 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• For CHWY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), we notice a call option sweep that happens to be bullish, expiring in 269 day(s) on January 17, 2025. This event was a transfer of 169 contract(s) at a $22.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $157.0 per contract. There were 3538 open contracts at this strike prior to today, and today 185 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

CHWY

Citigourp Global Markets 2% Protected Notes Linked To The Djia

RIVN

TSLA

WYNN

YETI

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$820.00</td>
<td>$30.3K</td>
<td>7.3K</td>
<td>36.2K</td>
</tr>
<tr>
<td>APH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$125.00</td>
<td>$36.0K</td>
<td>984</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$152.50</td>
<td>$29.4K</td>
<td>5.0K</td>
<td>8.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$19.00</td>
<td>$184.2K</td>
<td>4.9K</td>
<td>4.4K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$407.50</td>
<td>$28.8K</td>
<td>1.4K</td>
<td>3.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$750.00</td>
<td>$27.9K</td>
<td>719</td>
<td>3.0K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$5.00</td>
<td>$170.0K</td>
<td>5.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$1280.00</td>
<td>$54.4K</td>
<td>155</td>
<td>965</td>
</tr>
<tr>
<td>CDNS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$300.00</td>
<td>$44.6K</td>
<td>9</td>
<td>864</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$4.00</td>
<td>$31.8K</td>
<td>2.2K</td>
<td>714</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 20 contract(s) at a $820.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $1515.0 per contract. There were 7309 open contracts at this strike prior to today, and today 36255 contract(s) were bought and sold. 
• Regarding APH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), we observe a call option sweep with bullish sentiment. It expires in 24 day(s) on May 17, 2024. Parties traded 300 contract(s) at a $125.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $120.0 per contract. There were 984 open contracts at this strike prior to today, and today 9190 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 100 contract(s) at a $152.50 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $294.0 per contract. There were 5050 open contracts at this strike prior to today, and today 8589 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option trade with neutral sentiment. It expires in 3 day(s) on April 26, 2024. Parties traded 996 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $184.2K, with a price of $185.0 per contract. There were 4968 open contracts at this strike prior to today, and today 4459 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 33 contract(s) at a $407.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $875.0 per contract. There were 1454 open contracts at this strike prior to today, and today 3776 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be bearish, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 10 contract(s) at a $750.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $2791.0 per contract. There were 719 open contracts at this strike prior to today, and today 3053 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a put option trade that happens to be neutral, expiring in 206 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $170.0K, with a price of $170.0 per contract. There were 5390 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on April 26, 2024. This event was a transfer of 75 contract(s) at a $1280.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $54.4K, with a price of $726.0 per contract. There were 155 open contracts at this strike prior to today, and today 965 contract(s) were bought and sold. 
• Regarding CDNS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), we observe a call option trade with neutral sentiment. It expires in 206 day(s) on November 15, 2024. Parties traded 20 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $44.6K, with a price of $2230.0 per contract. There were 9 open contracts at this strike prior to today, and today 864 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option trade with bearish sentiment. It expires in 87 day(s) on July 19, 2024. Parties traded 350 contract(s) at a $4.00 strike. The total cost received by the writing party (or parties) was $31.8K, with a price of $91.0 per contract. There were 2288 open contracts at this strike prior to today, and today 714 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVGO

CDNS

CLSK

IREN

NVDA

SMCI

SOUN

10 Information Technology Stocks Whale Activity In Today's Session

Freeport-McMoRan Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) shares are trading lower after the company reported<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38376523/freeport-mcmoran-first-quarter-2024-financial-and-operating-results-release-available-on-its-websi" rel="noreferrer noopener">&nbsp;first-quarter FY24 results</a>.
Revenue stood at $6.32 billion,&nbsp;beating the consensus of $5.66 billion. Adjusted EPS was $0.32, beating&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of $0.27</a>.
Copper sales (excluding purchases) totaled 1.1 billion pounds, an increase of 33% Y/Y, led by higher mining and milling rates and ore grades at PT-FI. The average realized price per pound was $3.94, and production totaled 1.085 billion pounds.
Gold sales of 568 thousand ounces (more than doubled Y/Y); Average realized price per ounce was $2,145.&nbsp;
Operating income stood at $1.63 billion vs $1.60 billion a year ago. Operating cash flow for the quarter totaled $1.90 billion, compared to $1.05 billion a year ago.
Freeport-McMoRan had $6.3 billion in cash and equivalents at the end of the quarter. Consolidated debt totaled $9.4 billion.
In February, the company stated that Kathleen L. Quirk, President, will transition to President and Chief Executive Officer (CEO)&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36969612" rel="noreferrer noopener">effective June 11, 2024.</a>
Q2 FY24 Outlook:&nbsp;Freeport-McMoRan expects consolidated sales volumes to be 1.0 billion pounds of copper, 500 thousand ounces of gold, and 21 million pounds of molybdenum. It expects unit net cash costs for copper mines to&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">average $1.57 per pound of copper</a>.
2024 Outlook:&nbsp;Freeport-McMoRan now expects consolidated sales volumes to be ~4.15 billion pounds of copper, 2.0 million ounces of gold, and 84 million pounds of molybdenum.&nbsp;
It sees consolidated unit net cash costs for copper mines to average $1.57 per pound of copper in 2024.
The company expects operating cash flows of ~$7.4 billion in 2024, assuming average prices of $4.25 per pound for copper, $2,300 per ounce for gold, and $20.00 per pound for molybdenum for the remainder of 2024. The company sees capital expenditures of ~$4.6 billion in 2024.
Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38169544/riding-the-wave-freeport-mcmoran-receives-upgrade-as-analyst-foresees-copper-and-go" rel="noreferrer noopener">Riding The Wave: Freeport-McMoRan Receives Upgrade As Analyst Foresees Copper And Gold Boom</a>
Kathleen L. Quirk said, &#8220;Market fundamentals for copper are positive, supported by copper&#8217;s increasingly important role in the global economy and limited available supplies to meet growing demand. Freeport is strongly positioned for the future as a leading producer of copper with multiple options for future growth and an experienced team with a track record of accomplishment.&#8221;&nbsp;
Investors can gain exposure to the stock via&nbsp;Sprott Copper Miners ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPP#NASDAQ">COPP</a>) and&nbsp;Exchange Traded Concepts Trust Optica Rare Earths &amp; Critical Materials ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRIT#NYSE">CRIT</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38292100/freeport-mcmoran-vs-teck-resources-which-copper-stock-has-more-upside" rel="noreferrer noopener">Freeport-McMoRan Vs. Teck Resources — Which Copper Stock Has More Upside?</a>
Price Action: FCX shares are trading lower by 1.78% at $48.08 at the last check Tuesday.
Photo via Shutterstock

Management

COPP

Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF

CRIT

What's Going On With Freeport-McMoRan Shares Today?

Source: <a href="https://www.streetwisereports.com/article/2024/04/12/expert-shares-horribly-undervalued-metal.html?utm_medium=feed">Clive Maund 04/12/2024</a>
Technical Analyst Clive Maund shares his view on platinum, a metal he believes is horribly undervalued.
This morning, we are going to have a look at platinum because it is still horribly undervalued and historically extremely undervalued relative to gold, as we will see. In case you didn&#39;t know, platinum is a precious metal and it is 30 times more rare than gold.
If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools. So, in a world drowning in worthless paper money, it is very clear that there is going to be a flight into all precious metals. This is already happening with gold and silver, and it will soon spread to other metals, especially super-rare platinum.
On its 20-year chart, we can see that platinum has put in an awful performance since its 2008 peak. It got to over $2200 early in 2008 and is now trading at well under $1000, and if you take continuous inflation into account during all the intervening years, it is clear that, in real terms, it is now trading at a dismally low price.
While it&#39;s true that we have taken a freak peak at the top of a &quot;stalagmite top&quot; as our starting point, we can see that, essentially, it has been in a grueling bear market from that peak right through to the Covid Crash low in the Spring of 2020 when a deliberately orchestrated global mass psychosis saw many commodities such as oil &quot;drop through the floor.&quot;
The big picture, though, is that it has been marking out a giant base pattern since 2015, a giant base pattern that can be classified as a Head-and-Shoulders bottom.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112003_1.jpg" style="height:450px; width:351px" />
The 10-year chart enables us to view the Head-and-shoulders bottom more comfortably, and there are several interesting points to observe in this chart. The first is that the price is still relatively close to the band of strong support at the lower boundary of the pattern, roughly between $760 and $840 &mdash; as mentioned above, the freak Covid Crash drop in the Spring of 2020 can and should be ignored.
This means that it is still at a very good price as its anticipated major bullmarket hasn&#39;t even started yet &mdash; and it hasn&#39;t even started to start, although we are seeing the first stirrings. The next related point is that it will break out this base pattern and really get moving once it has succeeded in breaking above the zone of resistance, marking its upper boundary, which is roughly $1300 - $1400. Lastly, although the Accumulation line is still rather weak, there has been a noticeable buildup in volume in recent weeks, which is believed to be the precursor to a rally.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112032_2.jpg" style="height:450px; width:353px" />
Zooming in on recent action now via the 6-month chart, we see that platinum has at last started to respond to gold and silver&#39;s emerging bull market as it rose sharply about a week ago and it is encouraging to see that its 200-day moving average has already turned up so that if platinum now continues to advance or even if it only holds its ground, we should soon see a bullish cross of the moving averages which will set it up for a major new bull market.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112100_3.jpg" style="height:575px; width:450px" />
Lastly, just to emphasize just how cheap platinum is, we will look at the 20-year chart of its price relative to the price of gold. This is a really rather astounding chart as it shows that platinum is at about one-fifth of its price relative to gold compared to where prices were back in the mid-2000s, and given that the downtrend channel shown that has been in force from 2010 is converging, it implies that we could see an upside breakout by platinum relative to gold before much longer that would lead to a long period of outperformance by platinum, and also given that we know where gold is headed, the gains made by platinum could be spectacular.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112122_4.jpg" style="height:481px; width:450px" />
The conclusion must be that this is an excellent time to buy platinum and platinum-related investments. So, we will be on the lookout for better platinum stocks going forward.
Platinum spot price up 2.2% at $1,005 on the morning of April 12, 2024.
Important Disclosures:
<ol>
<li>
Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Clivemaund Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

Commodities

Expert Shares 'Horribly Undervalued' Metal

Stocks surged across the board on Tuesday, gaining momentum after Monday&#8217;s rebound as unexpectedly weak economic data bolstered hopes for a potential Federal Reserve rate cut <a href="https://www.benzinga.com/federal-reserve">by the end of the summer</a>.
What Happened: The S&amp;P Global&#8217;s Purchasing Managers&#8217; Index (PMI) for April indicated a significant deceleration in private sector growth—the slowest in four months—also highlighting reduced inflationary pressures <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon">from wages and services.</a>
Market-implied probabilities for a rate cut by the Fed as early as September jumped to 72%, up from 67% on Monday, according to CME Group&#8217;s FedWatch Tool. 
Meanwhile, corporate earnings have generally exceeded expectations, with investors now eagerly anticipating results from Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), slated for release after market close.
By midday trading in New York, the S&amp;P 500 climbed 1.2%, setting the stage for its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%, while the Dow Jones Industrial Average saw a more modest increase of 0.6%.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) outperformed its large-cap counterparts, jumping 1.7% and marking its most significant gain since late March.
The dollar declined by 0.4%, and Treasury yields slightly fell. In the commodities market, gold remained steady following its sharpest drop in years on Monday, while oil prices inched 1% higher. Bitcoin edged down slightly by 0.3% to $66,640.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,002.50</td>
<td>1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,463.15</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,068.20</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,468.74</td>
<td>0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:37 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $505.50, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $384.94 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.5% to $425.11, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) was the major laggard, down 0.5%. 
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) saw its shares surge 17% following a robust earnings beat, setting the stock on course for its best single-day performance since its 2018 IPO.</li>
<li>Other companies reacting to recent earnings were Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), up 13%, GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>),up 7.3%, Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), up 7.3%, General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), up 5%, Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), up nearly 3%, PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), down 2.2%, United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 2%, Xerox Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NYSE">XRX</a>), down 11%, MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), down 14%, LKQ Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>), down 14%, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), flat, and Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), up 0.5%, </li>
<li>Notable names reporting after the close other than Tesla Inc. and Visa, Inc. are Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>).</li>
</ul>
Now Read: <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">US Mulls Sanctions On Beijing Banks For Alleged Role In Putin&#8217;s War In Ukraine: &#8216;China Can&#8217;t Have It Both Ways,&#8217; Blinken Says</a>

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