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Assets

NVO

Over the past 10 years, Novo Nordisk (NYSE:NVO) has produced an average annual return of 19.04%, outperforming the market by 8.32% on an annualized basis. A $1000 investment in NVO a decade ago would be worth $5,657.39 today. Novo Nordisk currently has a market capitalization of $580.63 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

CNC

Centene Corporation (NYSE:CNC) has seen a 16.56% increase in its short percent of float since the last report, with 8.25 million shares sold short, representing 1.76% of its available shares for trading. It would take about 2.84 days to cover these short positions based on current trading volume. This rise in short interest indicates a more bearish market sentiment towards CNC, although it's not a definitive predictor of stock price movement. Compared to its peers, CNC has a lower short interest percentage of float, with an average of 4.13% among its peers.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

WEX

Analysts have updated their ratings and price targets for WEX Inc (NYSE:WEX), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $241.5, marking an 11.03% increase from the previous target. Recent actions by analysts from firms like Evercore ISI Group, Mizuho, Barclays, Truist Securities, and JP Morgan have raised their price targets, reflecting positive adjustments based on WEX's performance and market conditions. WEX, a provider of corporate payment solutions, has shown solid revenue growth and exceptional net margin, despite a high debt-to-equity ratio and challenges in asset utilization.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

FTV

Fortive's (NYSE:FTV) short interest has increased by 4.26%, with 3.05 million shares sold short, representing 0.98% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 3.08% short interest. The coverage time for these short positions is approximately 1.47 days based on trading volume.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

An extensive analysis of Agilent Technologies (NYSE:A) against its competitors in the Life Sciences Tools & Services industry reveals potential undervaluation based on PE, PB, and PS ratios. Despite this, Agilent's lower ROE suggests less efficiency in profit generation. Its EBITDA aligns with the industry average, indicating comparable operational efficiency. However, its revenue growth lags behind the industry, posing potential future challenges. Agilent's lower debt-to-equity ratio compared to top peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

AFRM

MARA

NVDA

SMCI

SPY

USD

Portfolio Armor's hedging algorithm, developed post-Global Financial Crisis, offers a simple way to hedge investments by inputting the maximum drawdown risk. The algorithm's effectiveness is highlighted by the extraordinary returns of its most aggressive hedged portfolios, which have significantly outperformed the SPDR S&P 500 Trust (SPY) over the last eight weeks. This outperformance is attributed to luck, a concentration strategy in top names like Super Micro Computer, Inc. (SMCI), and an optimized security selection method. The article also mentions other stocks and ETFs like Nvidia, Inc. (NVDA), Affirm Holdings, Inc. (AFRM), Marathon Digital Holdings, Inc. (MARA), and the ProShares Ultra Semiconductor ETF (USD) as part of its successful strategy.

Portfolio Pulse from David Pinsen

March 26, 2024 | 3:50 pm

VRT

Deep-pocketed investors are showing a bullish trend in Vertiv Holdings (NYSE:VRT) options, with a significant amount of activity observed. Benzinga's tracking revealed 60 unusual options activities, with a bullish sentiment from 65% of these investors. The expected price range for VRT over the next three months is between $70.0 and $105.0. Current trading volume is 4,270,141 with a price increase of 0.81% to $82.61. RSI suggests potential overbought conditions. Analysts from B of A Securities and Evercore ISI Group maintain positive ratings with targets at $90 and $80, respectively.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:46 pm

WMB

Financial analysis of Williams Companies (NYSE:WMB) options trading reveals a balanced sentiment with 50% bullish and 50% bearish trades. Major trades include 6 puts valued at $275,070 and 2 calls worth $90,178, focusing on a price range of $33.0 to $42.0. The company, a midstream energy operator, saw its stock price slightly decrease by -0.41% to $38.05, with an RSI indicating potential overbought conditions. An analyst from Truist Securities maintains a Hold rating with a target price of $40.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:46 pm

AMKBY

BOAT

CCL

GOGL

RCL

SBLK

The collapse of the Francis Scott Key Bridge in Baltimore, caused by the container ship Dali operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY), has significant implications for global trade, particularly affecting shipping routes and supply chains. Baltimore, a crucial U.S. port, has suspended vessel traffic, impacting the automobile industry and shipping lines. Shares of Maersk were down nearly 6%, while the SonicShares Global Shipping ETF (NYSE:BOAT) and stocks of companies within it, such as Golden Ocean Group Ltd (NASDAQ:GOGL) and Star Bulk Carriers Corp (NASDAQ:SBLK), also saw declines. Conversely, shares of U.S. carmakers General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F), and cruise lines Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), were trading higher.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 3:32 pm

WFC

Wells Fargo (NYSE:WFC) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 29 trades reveals a split sentiment: 44% bullish and 55% bearish. The focus is on a price band between $52.5 and $62.5. The largest options trades include both bearish and neutral sentiments, with expiration dates ranging from 2024 to 2025. Wells Fargo, a major US bank with $1.9 trillion in assets, shows a slight stock price increase and an upcoming earnings announcement.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:31 pm