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The White House projects an increase in receipts from 16.5% of GDP in FY23 to 18.7% in FY25, reaching 20.3% by FY34. Public debt is expected to rise from 97.3% of GDP in FY23 to 102.2% in FY25, and further to 105.6% by FY34. Real interest rates are forecasted at 1.2% in FY25, with an average of 1.3% over the FY 2025-2034 period. U.S. real GDP growth is estimated at 1.8% in 2025, 2.0% in 2028, and 2.2% in 2034, based on November forecasts.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:18 pm

VALE

Market whales have shown a predominantly bearish stance on Vale (NYSE:VALE), with 75% of recent options trades being bearish. The trades indicate a price window of $11.0 to $17.0 for Vale. Significant options trades include both bullish and bearish sentiments, with a notable volume and open interest in options within the $11.0 to $17.0 strike price range. Vale, a leading global miner, is focusing on iron ore, nickel, and copper, planning to separate its base metals and iron ore businesses by 2024. Currently, VALE's stock is down by -2.73%, trading at $12.83, with neutral RSI indicators and an earnings announcement expected in 44 days. Analysts have given an average target price of $18.75 for Vale.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:15 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has invested over $800 million in Bitcoin, bringing its total holdings to approximately 205,000 BTC. The company's bullish stance is driven by the recent approval of spot Bitcoin ETFs, the upcoming halving event, and the belief that Bitcoin is a superior investment. Michael Saylor, Executive Chair, argues that MicroStrategy offers a better investment vehicle than ETFs due to its intelligent leverage strategy.

Portfolio Pulse from Adam Eckert

March 11, 2024 | 4:07 pm

CCL

Recent unusual options activity in Carnival (NYSE:CCL) indicates a bearish sentiment among deep-pocketed investors, with a notable division in sentiment (42% bullish, 57% bearish). The activity includes 14 extraordinary options trades, with a price target window from $15.0 to $24.0. Current trading volume is 9,691,321, with a slight price decrease of -0.24%, and the stock price at $16.33. An analyst from Stifel maintains a Buy rating with a target price of $26. Carnival is the largest global cruise company, having rebounded to its pre-COVID guest levels in 2023.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:01 pm

KKR

A comparative study of KKR & Co (NYSE:KKR) against its competitors in the Capital Markets industry reveals KKR's strong financial performance and growth potential. With $552.8 billion in managed assets, KKR shows a lower PE and PB ratio suggesting undervaluation, a high PS ratio indicating potential overvaluation based on revenue, and a ROE slightly above the industry average. KKR's EBITDA is significantly above the industry average, indicating robust profitability. Despite a low gross profit margin, KKR's revenue growth far surpasses its peers, highlighting its market share expansion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:00 pm

LRCX

The article provides a detailed comparison of Lam Research (LRCX) against its competitors in the Semiconductors & Semiconductor Equipment industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Lam Research shows favorable growth potential with a lower P/E ratio than the industry average, but its P/B and P/S ratios suggest potential overvaluation. The company demonstrates strong profitability with higher EBITDA and gross profit compared to peers, but its revenue growth lags behind the industry average.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:00 pm

CB

Over the past 20 years, Chubb (NYSE:CB) has delivered an average annual return of 10.44%, outperforming the market by 2.62% annually. A $100 investment in CB 20 years ago would be worth $730.04 today. Chubb's market capitalization currently stands at $102.21 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:00 pm

LNG

Cheniere Energy (NYSE:LNG) has delivered an average annual return of 11.54% over the past 10 years, turning a $100 investment into $301.88 today. The company's market capitalization stands at $36.38 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:00 pm

MSTR

MicroStrategy shares are trading higher following Bitcoin's surge to a record high, reflecting the company's significant investment in the cryptocurrency.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:55 pm

BAC

BTI

C

British American Tobacco Plc (BAT), known for Lucky Strike cigarettes, is reportedly planning to sell a portion of its stake in Indian partner ITC Ltd. The sale, which could happen as early as this week, involves a divestment of $2 billion to $3 billion in ITC stock. BAT has been in discussions with Bank of America Corp. and Citigroup Inc. regarding the sale through block trades.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 3:55 pm