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CGC

Recent options trading activity for Canopy Growth (NASDAQ:CGC) indicates a bearish sentiment among high-rolling investors, with a significant portion of trades being bearish despite a mix of bullish and bearish signals. The trading focuses on a price band between $4.0 and $15.0. Notable options trades include both CALL and PUT options with varying sentiments and strike prices. Canopy Growth, a company involved in the cannabis industry, is seeing its stock price down by -5.42%, with an RSI indicating it may be overbought. The company is also planning to merge its U.S. assets into Canopy USA.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 7:01 pm

FCX

Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has outperformed the market with an annualized return of 17.7%, averaging 30.17% annually. A $1000 investment in FCX 5 years ago would now be worth $3,639.01. The company's current market capitalization stands at $71.79 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 7:01 pm

BC

Over the past 15 years, Brunswick (NYSE:BC) has delivered an average annual return of 23.33%, outperforming the market by 10.62% on an annualized basis. A $100 investment in BC 15 years ago would be worth $2,256.63 today. Brunswick's market capitalization stands at $6.40 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 7:01 pm

AMC

HYG

LUMN

OPI

SATS

U.S. high-yield corporate bonds are attracting investors with returns over 20% as interest rates remain high. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has seen a 10% increase since October 2023. High-yield bonds, also known as junk bonds, are issued by companies with lower credit ratings and come with higher risks. The top 10 high-yielding bonds as of April 2024 include issues from AMC Entertainment Holdings (AMC), Hughes Satellite Systems Corp. (SATS), Dish Network Corporation, Lumen Technologies Inc. (LUMN), and Office Properties Income Trust (OPI).

Portfolio Pulse from Piero Cingari

April 04, 2024 | 6:59 pm

SNA

Snap-on (NYSE:SNA) has seen a 6.79% increase in its short percent of float, now at 4.56% of all shares available for trading. This indicates a bearish sentiment among investors, as short selling suggests expectations of a stock price decline. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. Snap-on's short interest is higher than its peer group average of 3.25%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has increased by 5.56% since the last report, with 6.01 million shares sold short, representing 5.32% of its float. This indicates a bearish market sentiment towards EXPE, although it has less short interest compared to its peers' average of 5.96%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 6:30 pm

SPY

Fed's Neel Kashkari expressed expectations for increased mergers in the banking sector and reiterated his view that Bitcoin lacks a legitimate use case. This statement could influence market perceptions regarding the stability and future consolidation in the banking industry, as well as the credibility and utility of cryptocurrencies like Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:21 pm

BTCUSD

Bitcoin's recent price dip and options data indicate a potential rebound, influenced by declining market volatility expectations and upcoming U.S. unemployment data. The market's anticipation of a Federal Reserve rate cut in May has decreased, which could positively impact Bitcoin's price. Additionally, the activity of whales, or major cryptocurrency holders, particularly their accumulation of call options, suggests a bullish outlook. However, the dynamic market and evolving economic conditions make predictions challenging.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 6:19 pm