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USO

The Energy Information Administration (EIA) has increased its forecast for world oil demand growth in 2024 by 80,000 barrels per day (BPD), while reducing its forecast for 2023 by 300,000 BPD.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 5:46 pm

AAPL

CRM

DDOG

INTC

MSFT

NVDA

PANW

PLTR

SEDG

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include Microsoft (MSFT), Nvidia (NVDA), Intel (INTC), Palo Alto Networks (PANW), Palantir Technologies (PLTR), SolarEdge Technologies (SEDG), Zoom Video Communications (ZM), Datadog (DDOG), Salesforce.com (CRM), and Apple (AAPL). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:35 pm

CVNA

EXPE

LCID

LEN

LULU

LVS

MAR

NKE

TSLA

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), Wayfair (W), Lucid Group (LCID), Lululemon Athletica (LULU), Las Vegas Sands (LVS), Carvana (CVNA), Marriott International (MAR), Nike (NKE), Lennar Corporation (LEN), and Expedia Group (EXPE). The options activity ranges from neutral to bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:35 pm

Over the past 5 years, Sea (NYSE:SE) has outperformed the market by 18.47% on an annualized basis, producing an average annual return of 28.33%. If an investor had bought $1000 of SE stock 5 years ago, it would be worth $3,607.87 today. Sea currently has a market capitalization of $25.30 billion.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 5:31 pm

The Carlyle Group Inc (NASDAQ:CG) reported Q3 FY23 revenue of $776.6 million, missing the consensus of $809.6 million. Fee-Related Earnings declined 4% Y/Y to $205 million, with realized net performance revenues dropping to $150 million. Adjusted Distributable EPS of $0.87 beat the consensus of $0.72. Total assets under management came in at $382 billion, down 1% Q/Q. The Board of Directors declared a quarterly dividend per share of $0.35.

Portfolio Pulse from Lekha Gupta

November 07, 2023 | 5:13 pm

A significant bearish stance has been taken on AT&T (NYSE:T) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish. The major market movers are focusing on a price band between $13.0 and $17.0 for AT&T. The stock is currently trading at $15.72, down by -0.19%. Analysts from JP Morgan, Morgan Stanley, Citigroup, and Scotiabank have maintained their ratings on AT&T with price targets ranging from $17 to $19.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:45 pm

A significant investor has adopted a bearish approach towards Visa (NYSE:V), with unusual options activity detected. The investor's identity remains unknown, but the substantial move suggests possible insider knowledge. The general sentiment among heavyweight investors is divided, with 40% leaning bullish and 60% bearish. The significant investors are aiming for a price territory stretching from $220.0 to $250.0 for Visa over the recent three months.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:45 pm

CME

The article provides a detailed comparison of CME Group (NASDAQ:CME) with its competitors in the Capital Markets industry. The analysis includes key financial metrics, market position, and growth prospects. CME Group's P/E ratio is lower than the industry average, indicating potential for growth. Its P/B ratio suggests the stock may be undervalued. However, a high P/S ratio may indicate overvaluation in terms of sales performance. The company's ROE is below the industry average, suggesting potential inefficiency. However, CME Group has higher EBITDA and gross profit, indicating stronger profitability and robust cash flow generation. The company's revenue growth is notably higher than the industry average.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:00 pm

ABNB

A comprehensive industry comparison of Airbnb (NASDAQ:ABNB) and its primary competitors in the Hotels, Restaurants & Leisure industry reveals that Airbnb's P/E, P/B, and P/S ratios suggest potential undervaluation. However, its ROE is lower than the industry average, indicating potential inefficiency. Airbnb's EBITDA and gross profit are higher than the industry average, demonstrating strong profitability, but its revenue growth is lower than the industry average, suggesting a slowdown in sales expansion. Airbnb's debt-to-equity ratio is lower than its top 4 peers, indicating a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 4:00 pm

BMRN

IBB

Activist investor Elliott Investment Management has built a stake in BioMarin Pharmaceutical and has been in discussions with the company about its future. Elliott has spent over $1 billion on the stake in BioMarin, which focuses on rare genetic disorders and is valued at $14.6 billion. BioMarin is currently undergoing a change in chief executives and slow progress in the launch of its drug Roctavian. The company's shares are down 24% year-to-date, significantly underperforming the iShares Biotechnology ETF, which is down 8.6%.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:34 pm