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Assets

COIN

Pepe Coin perpetual futures will be listed on Coinbase International Exchange, sparking optimism among traders. The listing is set for April 18, with speculation about further listings on Coinbase Spot and Robinhood. Comparisons to Dogecoin's 2021 surge and a significant increase in trading volume and transactions over $100,000 highlight Pepe's growing interest. IntoTheBlock data shows 75% of Pepe holders are profitable, with a notable increase in trading volume outpacing Shiba Inu and Dogwifhat.

Portfolio Pulse from Khyathi Dalal

April 12, 2024 | 2:28 pm

USO

Oil prices are on the rise due to increasing tensions between Israel and Iran, leading to concerns over potential supply disruptions.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:25 pm

SLV

Silver prices are on the rise, reflecting an increased interest in precious metals and safe-haven assets among investors.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 2:24 pm

ZTS

Deep-pocketed investors have shown a significant interest in Zoetis (NYSE:ZTS), with a bullish sentiment prevailing among 53% of them according to Benzinga's options scanner. The options market activity for Zoetis has been extraordinary, with 32 notable activities, including 29 puts and 3 calls. The targeted price range for Zoetis over the last 3 months is between $115.0 and $175.0. Currently, Zoetis's stock is down by -7.43%, trading at $150.65, with an anticipated earnings release in 20 days. A market expert from Stifel maintains a Buy rating on Zoetis with a target price of $195.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:18 pm

HES

XOM

Exxon Mobil Corporation (NYSE:XOM) and Hess Corporation (NYSE:HES) have sanctioned a $12.7 billion Whiptail oil development project in Guyana, targeting over 850 million barrels of oil with up to 10 drill centers. The project, part of the Stabroek block, is expected to add 250,000 barrels of daily capacity by end of 2027, with ExxonMobil and Hess holding significant interests. This development is projected to generate substantial revenue, with ExxonMobil's cumulative spend with Guyanese suppliers surpassing $1.5 billion. Shares of XOM and HES saw increases of 1.29% and 0.47%, respectively.

Portfolio Pulse from Lekha Gupta

April 12, 2024 | 2:07 pm

ABBV

Smart money investors are showing a significant interest in AbbVie (NYSE:ABBV) options, with a bearish sentiment prevailing. Benzinga's tracking revealed a mix of bullish and bearish options activities, with a notable lean towards bearish positions (70%). The options activities suggest a targeted price range for ABBV between $70.0 and $180.0. Currently, ABBV's stock is down by -1.54%, trading at $163.42, with an RSI indicating it may be oversold. Analysts from Guggenheim and Barclays have given ABBV buy and overweight ratings, with target prices of $190 and $195, respectively.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:04 pm

REGN

Analysts have varied opinions on Regeneron Pharmaceuticals (NASDAQ:REGN), with recent ratings ranging from bullish to bearish. The average 12-month price target is $1072.38, indicating a 6.11% increase from the previous target. Analyst actions include rating changes and price target adjustments, reflecting market dynamics and company performance. Regeneron develops and commercializes treatments for diseases, showing substantial market capitalization but facing challenges in revenue growth, net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:01 pm

ZS

Zscaler (NASDAQ:ZS) has significantly outperformed the market with an annualized return of 22.4% over the past 5 years, turning a $1000 investment into $2,715.54. The company now has a market capitalization of $27.28 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:00 pm

FN

Over the past 10 years, Fabrinet (NYSE:FN) has delivered an average annual return of 23.46%, outperforming the market by 12.75% on an annualized basis. With a current market capitalization of $6.30 billion, an initial investment of $1000 in FN stock would have grown to $8,379.34 today.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 2:00 pm

USO

VGK

Russian oil and products are currently stranded on four tankers due to new Iran-related sanctions, according to Reuters citing LSEG data. This development could impact the global oil supply chain and market dynamics, potentially affecting related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 1:58 pm