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HD

Investors have shown a bullish stance on Home Depot (NYSE:HD), with Benzinga's options scanner revealing 17 unusual options trades. The sentiment is split, with 52% bullish and 47% bearish, targeting a price range of $250 to $460. The largest trades include both calls and puts, with significant amounts invested. Home Depot, the world's largest home improvement retailer, is currently trading at $370.94, slightly down by -0.16%. Analysts have given it ratings ranging from Buy to Overweight, with target prices up to $440.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:45 pm

ARKK

COIN

ROKU

SARK

TARK

TSLA

The AXS 2X Innovation ETF (TARK) is trading within a symmetrical triangle pattern, influenced by its largest holding, Coinbase (COIN), which has surged 124% since Feb. 7. TARK aims to return 200% of the daily performance of the ARK Innovation ETF (ARKK), which has been supported by the Bitcoin rally. ARKK's other top holdings, Tesla (TSLA) and Roku (ROKU), have underperformed, falling about 30% each since the start of the year. TARK is expected to break from the pattern by March 18, indicating future direction. Bearish traders can consider the AXS Short Innovation Daily ETF (SARK), which inversely tracks ARKK.

Portfolio Pulse from Melanie Schaffer

March 12, 2024 | 7:34 pm

WM

Waste Management's (NYSE:WM) short interest has decreased by 18.42%, with 3.75 million shares sold short, representing 0.93% of its float. This decline in short interest, which now requires 2.28 days on average to cover, could indicate a more bullish sentiment towards WM compared to its peers, where the average short interest is 3.08% of the float.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:30 pm

PACB

Pacific Biosciences (NYSE:PACB) has seen an 18.14% increase in short percent of float since its last report, with 40.38 million shares sold short, representing 16.74% of available shares. This indicates a bearish market sentiment towards PACB, although it has more short interest than its peers, with an average of 4.74% in its peer group.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:30 pm

H

Hyatt Hotels (NYSE:H) has delivered an average annual return of 16.54% over the past 5 years, outperforming the market by 3.69%. A $100 investment in H 5 years ago would be worth $215.90 today. Hyatt's market capitalization stands at $15.95 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:30 pm

ROKU

Roku's (NYSE:ROKU) short interest has decreased by 12.04% since the last report, with 9.43 million shares sold short, representing 8.33% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock, despite it not guaranteeing a near-term price rise. Roku's short interest is higher than its peer group average of 6.81%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:30 pm

VALE

Vale SA (NYSE:VALE) stock has triggered a Death Cross, indicating a bearish market sentiment, largely due to plummeting iron ore prices driven by China's economic challenges. The stock is down 19.45% YTD, with iron ore prices dropping 25% since January amid China's real estate and manufacturing sector woes. The Death Cross, a technical indicator where the 50-day moving average falls below the 200-day moving average, suggests a potential downturn. Vale's performance is closely tied to iron ore and nickel prices, which are significantly influenced by Chinese demand.

Portfolio Pulse from Surbhi Jain

March 12, 2024 | 7:28 pm

TEAM

Financial analysts have observed a significant bullish trend in options trading for Atlassian (NASDAQ:TEAM), with 71% of trades being bullish. The analysis highlighted 14 unusual trades, with a focus on puts and calls within a price window of $175.0 to $260.0. The trading volume for TEAM is up by 0.15%, with a current price of $215.96, and an RSI indicating a potential approach to overbought territory. An earnings announcement is expected in 51 days.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:15 pm

LTCUSD

Litecoin (CRYPTO: LTC) has seen a decrease of 6.73% in the last 24 hours, bringing its price to $97.35, despite a 24% increase over the past week. The trading volume has risen by 15%, while the circulating supply decreased by 5.69%, totaling 74.30 million coins. Litecoin's market cap ranks it 22nd at $7.21 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:03 pm

LINKUSD

Chainlink (CRYPTO: LINK) has seen a price decrease of 4.49% in the last 24 hours, now at $20.44, despite a 12% increase over the past week. Trading volume has decreased by 19%, and the circulating supply has dropped by 5.26% to 587.10 million, 58.71% of its max supply. LINK's market cap ranks it #15 at $12.00 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:02 pm