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EPD

Enterprise Products Partners L.P. (EPD) expects to make a final investment decision on the Sea Port Oil Terminal before the end of 2024. Additionally, the company has notified shippers of a planned downtime on the Wink to Webster Pipeline for about 10 days in June, as mentioned during a conference call by CCO Brent Secrest.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:59 pm

PCAR

PACCAR Inc. projects its capital expenditures to be between $700M-$750M and its research and development expenses to be between $460M-$500M for the year 2024, as stated by Harrie Schippers, PACCAR's President and CFO.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:54 pm

XOM

Exxon announced it will temporarily shut down two of its oil projects in Guyana for two weeks each to connect pipelines. This operational decision is aimed at enhancing the infrastructure for oil extraction and transportation in the region.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:49 pm

BTCUSD

ETHUSD

LINKUSD

SOLUSD

Cryptocurrency trader Michael van de Poppe predicts an upcoming altcoin season, emphasizing the importance of market rotations and strategic trading to maximize returns. He highlights the strength in altcoins like Solana and meme coins following the Bitcoin Halving, suggesting a shift towards these alternatives. Van de Poppe also sees Ethereum leading the altcoin charge and considers Chainlink an attractive investment at its current valuation.

Portfolio Pulse from Khyathi Dalal

April 30, 2024 | 2:45 pm

PKG

Packaging Corp of America (NYSE:PKG) has seen a decrease in short interest, now at 2.08% of float, lower than its peer group average of 3.36%. This indicates a potential increase in bullish sentiment towards PKG, despite the short interest reduction not directly predicting stock price movement.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:45 pm

NEM

Newmont (NYSE:NEM) has seen a significant surge in options activity, with a bearish stance by big-money investors. Benzinga's options scanner revealed 13 unusual trades, indicating a mixed sentiment with 38% bullish and 53% bearish. The trades suggest a target price range of $30.0 to $55.0 for Newmont. The company, the world's largest gold miner, recently acquired Newcrest and is expected to sell some higher cost mines. Current stock price is down -2.67% at $41.13, with analysts giving mixed ratings.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:31 pm

ONTO

Onto Innovation (NYSE:ONTO) has significantly outperformed the market with an average annual return of 43.21% over the past 5 years, turning a $1000 investment into $6,068 today. The company now has a market capitalization of $9.36 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:30 pm

LLY

TSLA

Eli Lilly raised its guidance, indicating a positive outlook, while Tesla experienced a pullback in its stock price. Additionally, Treasury yields saw an increase, reflecting changes in the investment landscape.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:24 pm

MU

Unusual options activity has been detected for Micron Technology (NASDAQ:MU), with a bearish sentiment prevailing among big-money traders. Benzinga's options scanner revealed 13 significant trades, indicating a split sentiment of 38% bullish and 61% bearish. The trades suggest a price target range of $114.0 to $160.0 for MU. Current trading volume is 2,403,090 with a price increase of 1.09% to $115.61. Analysts have set an average target price of $146.8, with ratings ranging from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:16 pm

TSM

Investors show a bullish stance on Taiwan Semiconductor (NYSE:TSM) with unusual options activity detected, indicating potential insider knowledge of forthcoming developments. The activity includes a mix of bullish and bearish sentiments, with a focus on a price band between $85.0 and $155.0. Significant trades involve both calls and puts, with a notable volume and open interest in specific strike prices. Taiwan Semiconductor, a leading chip foundry with a major market share, is currently trading up by 0.58% at $139.3. Analysts have set an average target price of $162.2, with ratings ranging from Positive to Buy.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 2:16 pm