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CNQ

Canadian Natural Resources (NYSE:CNQ) has delivered an average annual return of 12.67% over the past 20 years, turning a $1000 investment into $10,862.40 today. With a current market capitalization of $87.06 billion, CNQ's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:30 pm

CRPT

MSTR

MVPA

MicroStrategy Inc (NASDAQ:MSTR) faces a dilemma due to Bitcoin's surge, which has significantly increased the value of its shares and convertible bonds, making refinancing costly. The company's $650 million convertible bonds, due in 2025, are trading at nearly 3.8 times their par value, with the stock soaring approximately 390% since late 2020. This situation forces MicroStrategy to decide whether to repurchase the bonds at a high price or convert them into shares, potentially diluting stock value. Analysts see an upside for MicroStrategy, projecting Bitcoin's price could reach $150,000 by 2025 and increase the company's Bitcoin holdings.

Portfolio Pulse from Anusuya Lahiri

April 10, 2024 | 5:27 pm

OXY

Smart money investors are showing a significant interest in Occidental Petroleum (NYSE:OXY) options, with an equal split between bullish and bearish sentiments. Benzinga's tracking revealed 14 unusual options activities, with a price target range from $55 to $85 over the next three months. The company, an independent oil and gas producer, reported net proved reserves of nearly 4 billion barrels and an average production of 1,234 thousand barrels per day in 2023. The current market status shows OXY's stock down by -0.66% at $68.1, with a potential overbought RSI. Analyst ratings over the past month suggest an average target price of $74.5, with varying recommendations from Neutral to Overweight.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:15 pm

DIA

QQQ

SPY

TLT

UUP

Inflation data for March 2024 exceeded expectations, causing stocks to sink and yields to spike as the possibility of Fed rate cuts is delayed. The iShares 20+ Year Treasury Bond ETF (TLT) and the Invesco DB USD Index Bullish Fund ETF (UUP) saw significant movements, with TLT dropping 1.6% and UUP rising 1.1%. Major indices and ETFs like SPY, DIA, and QQQ also experienced declines. Real estate stocks, including EXR, SBAC, PSA, and AMT, were among the hardest hit due to their sensitivity to interest rates. Conversely, Nvidia saw gains after a price target increase by Morgan Stanley.

Portfolio Pulse from Piero Cingari

April 10, 2024 | 5:12 pm

SPY

The latest 10-Year Note auction resulted in a yield of 4.560%, an increase from the previous 4.166%. This indicates a rise in interest rates, which could have various impacts on the financial markets.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:06 pm

SPY

The U.S. Treasury sold $39 billion in 9-year 10-month notes at a high yield of 4.560%, with 54.10% of the bids awarded at this high yield. The bid-to-cover ratio for this auction was 2.34, indicating healthy demand, and there were $83.13 million in non-competitive bids.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:04 pm

IBM

Deep-pocketed investors have shown a bearish sentiment towards IBM (NYSE:IBM), with a significant move detected by Benzinga's options scanner. The activity includes 9 extraordinary options activities, with a bearish majority of 77% and a bullish minority of 22%. The focus is on a price band between $175.0 and $210.0 for IBM. The largest trades observed include both bearish calls and a bullish put, indicating a divided sentiment among investors. IBM's current market position shows a -1.56% decrease in stock price, with an RSI suggesting it may be approaching oversold territory. An analyst from B of A Securities maintains a Buy rating with a target price of $220.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:01 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has significantly outperformed the market with an average annual return of 21.44% over the past 10 years, turning a $100 investment into $696.57 today. The company currently has a market capitalization of $23.18 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:00 pm

SHOP

Over the past 10 years, Shopify (NYSE:SHOP) has significantly outperformed the market with an average annual return of 39.98%, turning a $100 investment into $2,868.20 today. Shopify's market capitalization currently stands at $93.85 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 5:00 pm