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Assets

First Industrial Realty (NYSE:FR) has received mixed analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target has been raised to $55.00, indicating a 9.28% increase from the previous target. Analysts from RBC Capital, Goldman Sachs, and Mizuho have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. First Industrial Realty, a REIT focusing on industrial real estate, has shown strong financial health with positive revenue growth, exceptional net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 6:00 pm

ETHUSD

On Thursday, 7,473.71 Ether (ETH) worth approximately $20.74 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to decrease with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.94% yesterday.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 6:00 pm

BLK

GBTC

Bitcoin spot ETFs have seen a 15-day streak of net inflows, totaling $477 million on Feb. 15, with BlackRock's IBIT leading at $330 million in one day. Despite this, Grayscale's GBTC experienced a net outflow of $174 million, indicating a competitive landscape and investor preference for specific ETFs. IBIT's total net inflow has reached $5.17 billion, showcasing its dominance in the market. This trend reflects growing mainstream interest in cryptocurrency investments and the maturation of the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

February 16, 2024 | 5:50 pm

DHI

LEN

PMH

TOL

January's housing starts data revealed a significant decline, with a 14.8% drop overall and a 35.8% fall in multifamily dwellings, attributed partly to severe weather in the Midwest. Despite this, the long-term trend for single-family home starts remains positive. High interest rates have led to increased mortgage rates, affecting home sales and purchases. This has negatively impacted housebuilders' stock performance, with D.R. Horton, Lennar, Pulte Group, and Toll Brothers seeing varied changes in their stock prices. Home Depot's stock, however, is up 5% in 2024, despite potential challenges from a slowing housing market.

Portfolio Pulse from Neil Dennis

February 16, 2024 | 5:38 pm

CAT

EOSE

FIX

PAYX

SWK

UBER

Today's session highlighted significant options activity in 10 industrials stocks, indicating whale movements that could signal trading opportunities. The activity included both bullish and bearish sentiments across various expiration dates and strike prices. Notably, EOSE and PAYX saw bearish movements, while UBER, BA, FIX, SWK (bearish sentiment), GE, DE, WM, and CAT (bearish sentiment) experienced bullish activity. This diverse options activity suggests varying investor expectations and market strategies.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

AMZN

BABA

DASH

DKNG

HLT

NKE

PLNT

TJX

TSLA

Today's session highlighted unusual options activity in the Consumer Discretionary sector, tracking large transactions by 'whales'. Notable activity was observed in stocks like TSLA, BABA, AMZN, NKE, DASH, PLNT, TJX, DKNG, QS, and HLT, with various sentiments and expiration dates. This could indicate potential trading opportunities based on the divergence of market estimation from normal value.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

ADBE

AMBA

AMD

CLSK

GLW

MARA

MSTR

NVDA

SMCI

SOUN

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various expiration dates and strike prices for companies like NVDA, AMD, and MARA, among others. This could signal investor expectations and market movements.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:35 pm

CVE

Cenovus Energy (NYSE:CVE) has delivered an average annual return of 14.92% over the past 5 years, outperforming the market by 2.37% annually. With a current market capitalization of $32.74 billion, an investment of $100 in CVE 5 years ago would be worth $200.46 today. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 5:31 pm

MSFT

Microsoft Corp. (NASDAQ:MSFT) has announced an Xbox Showcase event for June 2024, promising major game releases and potential hardware reveals, including console refreshes and a new handheld console. The event will feature titles from Activision Blizzard and Bethesda, alongside new controller options like the Sebile controller.

Portfolio Pulse from Franca Quarneti

February 16, 2024 | 5:28 pm

XOM

A significant bearish sentiment has been observed in the options market for Exxon Mobil (NYSE:XOM), with a notable shift towards puts over calls among large investors. The options activity suggests a price target range of $100 to $110. Despite this, Exxon Mobil's current market performance shows a slight increase in stock price, with analysts providing mixed reviews but leaning towards a positive outlook with an average price target of $122.33.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 4:46 pm