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BTCUSD

On CNBC, Steve Weiss announced he has sold his remaining Bitcoin holdings, signaling a lack of confidence in the cryptocurrency's short-term performance.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:00 pm

TMO

Deep-pocketed investors have shown a bearish sentiment towards Thermo Fisher Scientific (NYSE: TMO), with a notable surge in options activity. Benzinga's tracking revealed 8 extraordinary activities, with a divided sentiment among investors: 25% bullish and 50% bearish. The options activity targets a price range of $570.0 to $680.0 for TMO. The current market standing of TMO shows a slight increase of 0.18% in its price, reaching $572.76. Professional analysts have given TMO an average target price of $629.0, with ratings ranging from Buy to Equal-Weight.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:45 pm

MMC

Marsh & McLennan (NYSE:MMC) has delivered an average annual return of 16.27% over the past 15 years, outperforming the market by 4.1% on an annualized basis. With a current market capitalization of $97.63 billion, an initial investment of $1000 in MMC 15 years ago would be worth $9,877.87 today.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:30 pm

HON

Over the past 15 years, Honeywell Intl (NASDAQ:HON) has delivered an average annual return of 13.2%, turning a $1000 investment into $6,403.13 today. With a current market capitalization of $125.54 billion, Honeywell has outperformed the market by 1.04% on an annualized basis.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:30 pm

INTU

Whales have shown significant interest in Intuit (NASDAQ:INTU), with a mix of bullish and bearish bets observed. Benzinga's options scanner revealed 8 notable options trades, with a sentiment split evenly between bullish and bearish. The trades suggest a target price range of $630.0 to $650.0 for INTU. Today's trading volume and open interest trends indicate a heightened activity in options within this price range. INTU's stock price has recently increased by 0.97%, with a current price of $632.47. The next earnings report is expected in 25 days.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:15 pm

CVX

PSX

XLE

XOM

US energy stocks, including Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), fell after reporting subdued earnings, impacting the Energy Select Sector SPDR Fund (XLE). Exxon's Q1 earnings missed expectations with lower production and profits, while Chevron's earnings aligned closely with forecasts but revealed a revenue miss. Phillips 66 (PSX) also reported lower-than-expected earnings and revenue. The downturn in these major oil companies, which are significant constituents of the XLE ETF, signals a potential shift in the energy sector's recent strong performance.

Portfolio Pulse from Piero Cingari

April 26, 2024 | 4:10 pm

TSM

Financial analysis reveals a bullish sentiment among big money traders on Taiwan Semiconductor (NYSE:TSM), with a significant focus on options trading. Analysis of 31 unusual trades shows a lean towards bullish positions, with a price target range of $80.0 to $140.0. The company, a leading chip foundry with a major market share, is currently trading up by 0.96% at $137.89. Professional analysts have set an average target price of $162.2, indicating a positive outlook for TSM.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:00 pm

PANW

Palo Alto Networks (NASDAQ:PANW) has seen a significant surge in options activity, with a notable split between bullish and bearish sentiments among deep-pocketed investors. The activity focuses on a price band between $253.33 and $650.0. Recent options data shows a mix of call and put activities, with a higher volume of calls indicating a bullish outlook by some investors. The company's stock price is currently up 1.3% at $292.55, with professional analysts setting an average price target of $345.0.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:00 pm

ARES

Ares Management (NYSE:ARES) has significantly outperformed the market with an annualized return of 29.16% over the past 5 years, turning a $1000 investment into $5,530.92 today. The company now has a market capitalization of $26.03 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:00 pm