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Crypto analyst Ali Martinez predicts Cardano (ADA) is consolidating in the $0.55 to $0.80 range before a potential breakout to $1.70, despite its recent price decrease and underperformance compared to Bitcoin and Ethereum. Martinez's forecast suggests a significant price increase for ADA, contrasting with its current downward trend and recent losses.

Portfolio Pulse from Benzinga Neuro

April 11, 2024 | 1:53 am

MCK

McKesson (NYSE:MCK) has significantly outperformed the market over the past 5 years, with an annualized return of 35.36%, turning a $100 investment into $452.17 today. The company's market capitalization stands at $69.65 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:30 pm

KKR

KKR (NYSE:KKR) has significantly outperformed the market over the past decade, with an annualized return of 16.17%, turning a $100 investment into $455.01 today. The company's market capitalization stands at $87.78 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:30 pm

HWM

Howmet Aerospace (NYSE:HWM) has significantly outperformed the market, with a 32.71% average annual return over the past 5 years, turning a $1000 investment into $4,142.44 today. The company's market capitalization stands at $26.57 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 9:00 pm

STNE

StoneCo (NYSE:STNE) has seen a 27.82% increase in short interest since its last report, with 13.15 million shares sold short, representing 4.64% of its float. This indicates a bearish market sentiment, although it has less short interest compared to its peers' average of 5.11%. The article suggests that an increase in short interest does not necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:45 pm

CADE

Cadence Bank's (NYSE:CADE) short interest has increased by 13.04% since the last report, with 6.91 million shares sold short, representing 3.9% of its float. It would take about 5.23 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards CADE, although it has less short interest compared to its peers, with an average of 3.94% in the peer group.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:45 pm

BTCUSD

Billionaire Mike Novogratz predicts Bitcoin and precious metals will surge due to potential Federal Reserve interest rate cuts. He sees no solid reason for the cuts but believes they will happen, benefiting BTC, gold, silver, and copper. Novogratz also discusses the social risks of rapid cryptocurrency wealth accumulation, suggesting it could lead to societal strife.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 8:41 pm

SNOW

Options market activity for Snowflake (NYSE:SNOW) shows a bullish sentiment among investors, with 58% of trades being bullish and 42% bearish. The trades range between $100.0 to $250.0 strike prices, indicating expectations for stock movement within this range. The largest trades include both bullish and bearish positions, with significant amounts invested in puts and calls. Snowflake, a data warehousing company, is currently trading at $152.5, down by -1.98%, and may be approaching oversold territory according to RSI readings. Its next earnings release is anticipated in 42 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:31 pm

HRZN

Horizon Technology Finance Corporation (HRZN) reported its Q1 2024 portfolio update, highlighting $33.5 million in new loan originations and ending the quarter with a committed backlog of $168 million. The company experienced liquidity events from three portfolio companies, receiving principal prepayments and partial paydowns totaling $19.8 million. HRZN's unfunded loan approvals and commitments stood at $168.2 million to 14 companies as of March 31, 2024. The company also holds a portfolio of warrant and equity positions in 99 portfolio companies, indicating potential for future returns.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:17 pm

MRNA

A significant bearish sentiment has been observed in Moderna's (NASDAQ:MRNA) options market, with a notable volume of put options compared to calls. Benzinga's options scanner revealed 16 unusual options trades, indicating a split sentiment of 31% bullish and 68% bearish among big-money traders. The focus is on a price range between $80.0 and $120.0 for Moderna, with the largest trades showing a mix of sentiments. Moderna's stock is currently down 4.0% at $107.14, with upcoming earnings expected in 22 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 8:15 pm