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GE

Market whales have shown a bearish stance on General Electric (NYSE:GE) through significant options trading activity. Benzinga's options scanner revealed 37 unusual trades, with a sentiment split of 21% bullish and 78% bearish. Notable trades include both puts and calls with a predicted price range for GE between $140.0 and $170.0 over the next three months. The volume and open interest trends in GE's options indicate a high level of activity and interest in these price levels. GE's current stock price is $154.07, with potential indicators of being overbought.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:45 pm

WDAY

Financial analysis reveals a bearish sentiment among big money traders on Workday (NASDAQ:WDAY), with 68% of options trades showing bearish tendencies. The analysis of unusual trades found 10 puts and 9 calls, indicating expectations of price movements between $210.0 and $350.0. Workday, a cloud software company, is currently trading at $294.46, with analysts giving mixed ratings and target prices ranging from $293 to $350.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:45 pm

BUYW

INTL

QQQ

SECT

SMH

TMAT

The trend of mutual funds converting into ETFs is expected to continue in 2024, driven by the popularity and advantages of ETFs, such as ease of access, transparency, and tax efficiency. Main Management, led by Darol Ryan, focuses on ETFs-of-ETFs, with its Main Sector Rotation ETF (SECT) closely tracking the S&P 500's performance. SECT's success is attributed to its investments in high-performing sectors like technology and health care, with significant holdings in the Invesco QQQ Trust (QQQ) and the VanEck Semiconductor ETF (SMH). Main Management also offers the Main Thematic Innovation ETF (TMAT), the Main International ETF (INTL), and the Main BuyWrite ETF (BUYW), each targeting different investment strategies.

Portfolio Pulse from Neil Dennis

February 28, 2024 | 4:44 pm

PSA

Public Storage (NYSE:PSA) has delivered an average annual return of 9.06% over the past 20 years, outperforming the market by 1.36% annually. A $1000 investment in PSA 20 years ago would be worth $5,573.20 today. The company currently has a market capitalization of $48.96 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:30 pm

MMC

Marsh & McLennan (NYSE:MMC) has delivered an average annual return of 11.31% over the past 20 years, outperforming the market by 3.61% annually. A $100 investment in MMC 20 years ago would be worth $846.74 today. The company's current market capitalization stands at $99.92 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:30 pm

TJX

During a conference call, an executive from TJX Companies announced that they anticipate capital expenditures to be between $2 billion and $2.1 billion in fiscal year 2025.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 4:29 pm

JPM

Financial giants have shown a bullish sentiment towards JPMorgan Chase (NYSE:JPM), with 54% of traders being bullish based on recent unusual options activity. The activity includes 11 trades, with a notable preference for calls over puts, indicating a price target range of $100.0 to $190.0 for the next three months. JPMorgan Chase, a major financial institution with nearly $4 trillion in assets, is currently trading at $184.91, up by 0.8%, but may be overbought according to RSI readings. Its next earnings release is anticipated in 44 days.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:00 pm

ABBV

Over the past 10 years, AbbVie (NYSE:ABBV) has delivered an average annual return of 13.17%, outperforming the market by 2.73% annually. With a current market capitalization of $313.90 billion, an investment of $1000 in ABBV stock a decade ago would be worth $3,547.91 today, based on the current stock price of $177.70.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:00 pm

MCO

Over the past 15 years, Moody's (NYSE:MCO) has produced an average annual return of 23.33%, outperforming the market by 9.1% on an annualized basis. A $1000 investment in MCO 15 years ago would be worth $22,655.54 today. Moody's currently has a market capitalization of $69.19 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 4:00 pm

UPST

Investors have shown mixed sentiment in Upstart Holdings (NASDAQ:UPST) through options trading, with an equal split between bullish and bearish positions. Benzinga's options scanner revealed 10 significant transactions, indicating a price target range of $25.0 to $35.0 for UPST. The stock is currently trading at $25.75, down by -1.79%, with an RSI suggesting a neutral position. Analyst ratings from JP Morgan and Piper Sandler set an average price target of $26.0, with ratings of Underweight and Neutral, respectively.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 3:46 pm