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The article discusses aggressive buying in silver, influenced by Fed Chair Jerome Powell's dovish stance on interest rates. It highlights the positive sentiment in the market, with specific mention of iShares Silver Trust (SLV) breaking out of short-term resistance. Additionally, it covers early trade money flows in major tech stocks and ETFs, including AAPL, AMZN, META, MSFT, NVDA, TSLA, GOOG, SPY, and QQQ, with a focus on the impact of Powell's comments and economic data on market sentiment.

Portfolio Pulse from The Arora Report

April 04, 2024 | 3:48 pm

WFC

Wells Fargo (NYSE:WFC) has seen a significant surge in options activity, with a bullish sentiment from high-rolling investors. Benzinga's options scanner revealed 9 trades, predominantly bullish, targeting a price window of $35.0 to $60.0. The stock is currently up by 0.61% at $57.48, with an anticipated earnings release in 8 days. This unusual options activity could indicate insider knowledge or a strong market move expectation.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:46 pm

GLD

SLV

Gold has seen a 7% increase over the last 8 trading sessions, reaching all-time highs above $2,300, driven by its value as an inflation hedge and central bank reserve component. Silver, with both precious and industrial properties, is positioned for demand growth, especially with industrial production increases in China. The iShares Silver Trust (SLV) has begun outperforming the SPDR Gold Shares (GLD), indicating a potential trend where silver may outperform gold due to its dual appeal in reflation and industrial expansion scenarios.

Portfolio Pulse from Kevin Green

April 04, 2024 | 3:44 pm

ALB

Over the past 20 years, Albemarle (NYSE:ALB) has produced an average annual return of 11.51%, outperforming the market by 3.56% on an annualized basis. A $100 investment in ALB 20 years ago would be worth $866.53 today. The company currently has a market capitalization of $15.33 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:31 pm

HDB

Reuters reported that HDFC's gross loans grew by 1.6% sequentially, while its deposits saw a significant increase of 7.5%.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 3:30 pm

RPRX

Royalty Pharma's (NYSE:RPRX) short interest has decreased by 3.91% since the last report, with 12.65 million shares sold short, representing 2.95% of its float. This decrease in short interest could indicate a more bullish sentiment towards RPRX among traders. Compared to its peers, RPRX has a lower short interest percentage of float, with the average being 3.99%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:15 pm

LHX

L3Harris Technologies (NYSE:LHX) has seen a decrease in short interest, with 1.63 million shares sold short, representing 0.96% of its float. This is a 9.43% decline from its last report, indicating a potential shift in market sentiment towards the stock. The average time to cover these short positions is 1.47 days. Compared to its peers, LHX has a lower short interest as a percentage of float, with the peer group average at 3.46%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:15 pm

BA

ITA

PPA

Boeing Company (NYSE:BA) is experiencing a significant slowdown in the production of its 737 MAX jetliners due to increased factory inspections by U.S. regulators and a slowdown on the assembly line. This has led to a production rate well below the FAA's imposed limit of 38 jets per month, with rates dropping to single digits in late March. The slowdown is expected to impact the airline industry, causing carriers to adjust flight schedules or extend jet leases. Boeing's stock has lost over 12% in the past year, but shares were trading higher by 1.11% to $186.97 recently. Investors can also gain exposure to Boeing through the IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).

Portfolio Pulse from Nabaparna Bhattacharya

April 04, 2024 | 3:04 pm

FETUSD

Fetch.ai's cryptocurrency (FET) has seen a 6.22% increase in price over the last 24 hours, reaching $2.87, despite a 15% decrease over the past week from $3.36. The coin's all-time high is $3.45. Trading volume has decreased by 61% over the past week, and the circulating supply has slightly decreased by 0.7% to 1.04 billion, which is 90.5% of its max supply. Fetch.ai's market cap ranking is currently #47 at $2.99 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:02 pm

MKRUSD

Maker's cryptocurrency (MKR) has seen a 6.2% increase in price over the last 24 hours, reaching $3,971.59, and a 10% gain over the past week from $3,545.57. Despite a 9% decrease in trading volume, the circulating supply has risen by 0.32%. MKR's market cap ranks it 39th at $3.66 billion.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 3:02 pm