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Rising delinquencies in the commercial real estate sector are causing concerns for major banks like JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley, as bad loans begin to exceed loss reserves. The Financial Times reports a significant drop in average reserves against delinquent debt, with a nearly tripled delinquent debt reaching $9.3 billion. The banking sector's scrutiny by regulators increases as delinquent loans tied to commercial properties more than double to $24.3 billion. The Financials SPDR Select Sector Fund and the SPDR S&P 500 Regional Banking ETF saw declines, with New York Community Bancorp, ServisFirst Bancshares, and Valley National Bancorp experiencing notable stock drops.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 4:53 pm

ETHUSD

STRKUSD

Starknet's token distribution saw 5 million STRK tokens claimed in the first five minutes, marking a significant event in the crypto market. Over 1.2 million wallets are eligible for the distribution of 700 million tokens, with no lockups, aiming to reward contributors to the Starknet ecosystem. Ethereum stakers also receive allocations. The STRK token showed early volatility, trading between $1.80 and $5, and is currently around $3.50. The distribution window is open until June 20.

Portfolio Pulse from Murtuza Merchant

February 20, 2024 | 4:36 pm

GLD

QQQ

SPY

USO

VZIO

WMT

Walmart Inc's (NYSE:WMT) recent earnings report showed a beat on estimates, with significant e-commerce sales and a dividend increase, but painted a tepid consumer spending picture. The report is contrary to stock market bulls' expectations of continued excess consumer spending. Walmart's stock rise is partly due to its acquisition of Vizio Holding Corp (NYSE:VZIO). Early trade money flows are neutral for Microsoft Corp (NASDAQ:MSFT), negative for several tech giants and ETFs like SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ), and positive for gold and oil, with popular ETFs being SPDR Gold Trust (NYSE:GLD) and United States Oil ETF (NYSE:USO).

Portfolio Pulse from The Arora Report

February 20, 2024 | 4:35 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a notable bearish sentiment in its options trading, with 58% of traders showing bearish tendencies versus 41% bullish. The analysis revealed 589 unusual trades, including 214 puts and 375 calls, targeting a price range of $50.0 to $320.0. Noteworthy options activity highlighted several bullish call sweeps with expiration dates ranging from 2024 to 2026. AMD's stock is currently trading at $171.06, down by -1.62%, with an RSI indicating a neutral position. Analysts have set an average price target of $198.4, with varying ratings from 'Overweight' to 'Buy'. Advanced Micro Devices specializes in digital semiconductors for various markets and acquired FPGA leader Xilinx in 2022.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:30 pm

NKLA

M&M Residual, owning about 4.5% of Nikola Corporation (NKLA), criticized CEO Steve Girsky's leadership, attributing a significant stock decline and operational failures to his tenure. The shareholder group reaffirmed its nomination of five director candidates despite the board's rejection. Nikola's stock has plummeted over 65% in the last year, with concerns about its future viability.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 4:30 pm

MSFT

NVDA

Microsoft is developing its own artificial intelligence (AI) server hardware to reduce its dependence on Nvidia's products. This move could potentially impact Nvidia's business, as Microsoft is a significant customer for its AI chips.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 4:03 pm

This article provides an in-depth industry comparison of Visa (NYSE:V) against its competitors in the Financial Services sector, focusing on key financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Visa is highlighted for its strong market position, with a notable P/E ratio indicating potential undervaluation, high profitability, and operational efficiency. However, its revenue growth is below the industry average, suggesting a slower expansion rate.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:00 pm

AVGO

Broadcom (NASDAQ:AVGO) is analyzed against its semiconductor industry peers, revealing a mixed valuation with a low PE ratio suggesting undervaluation but high PB and PS ratios indicating overvaluation. Its high ROE, EBITDA, and gross profit underscore strong profitability, despite lower revenue growth compared to the industry average. Broadcom's higher debt-to-equity ratio compared to top peers poses a potential risk.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 4:00 pm

DIS

Walt Disney (NYSE:DIS) has seen unusual options activity, with a mix of bullish and bearish sentiments among big-money traders. A total of 17 options trades were spotted, with a notable split in sentiment: 47% bullish and 52% bearish. The trades focused on a price range between $80.0 and $125.0 for DIS. Noteworthy trades include both calls and puts with varying sentiments and expiration dates. The current stock price of DIS is $110.65, down by -0.85%, and the stock may be overbought according to current RSI values. The next earnings report is due in 78 days.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 3:45 pm

MCQEF

Goldman Sachs (NYSE:GS) and Macquarie (OTCPK: MCQEF), along with hedge funds, are entering the uranium derivatives market as uranium prices have doubled to $102 per pound due to a supply shortfall and increased demand for nuclear energy. Goldman Sachs is writing options on physical uranium, marking its first derivative for the metal. The bank has been involved in the uranium market since 2009 and holds significant uranium inventories. The interest in physical uranium is growing, with financial institutions holding a significant portion of the global annual consumption.

Portfolio Pulse from Stjepan Kalinic

February 20, 2024 | 3:43 pm