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SOUN

Recent options trading activity in SoundHound AI (NASDAQ:SOUN) indicates a bearish sentiment among high-rolling investors, with a significant volume of trades targeting a price range of $5.0 to $12.0. Despite a split sentiment, the majority of trades are bearish. The company's stock price is currently down -3.72% at $8.02, with analysts setting an average price target of $7.76. SoundHound AI specializes in conversational intelligence and is expected to release its next earnings in 50 days.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm

DAL

Deep-pocketed investors have shown a bullish sentiment towards Delta Air Lines (NYSE:DAL) options, with a significant portion of activity indicating a price target range of $32.0 to $50.0. The analysis of options activity reveals a mix of bullish and bearish trades, with a majority leaning towards bullish. Notable trades include both puts and calls with varying expiration dates and strike prices. Delta Air Lines, a major airline, is currently trading up 0.46% at $43.94, with an RSI indicating potential overbought conditions. An analyst from UBS has set a price target of $59.0, downgrading the stock to Buy.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm

PLTR

Palantir Technologies (PLTR) is evaluated against its competitors in the Software industry, showing a premium valuation with high PE, PB, and PS ratios but lower efficiency metrics like ROE, EBITDA, and gross profit. Despite this, PLTR's revenue growth outperforms the industry average, indicating strong sales performance.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:00 pm

UBER

The analysis compares Uber Technologies (NYSE:UBER) against its competitors in the Ground Transportation industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Uber shows a premium valuation with higher ratios compared to the industry average but also demonstrates strong operational performance and growth prospects with its high ROE, EBITDA, gross profit, and revenue growth.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:00 pm

HRTS

At the Healthcare Summit, Tema Investment Partner and Head of Life Sciences, David Song, stated that the healthcare sector is currently trading at reasonable valuations. He suggested that long-term investors have an opportunity to engage in this sector through the HRTS ETF.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 3:43 pm

BTCUSD

ETHUSD

SOLUSD

Bitcoin experienced a 13% drop from its all-time high of $73,737.94, now trading around $64,000. Factors include excessive leverage, Ethereum's performance and speculation around an Ethereum ETF, negative inflows into Bitcoin ETFs, and the rise of meme coins on the Solana blockchain. These elements have contributed to the current market instability.

Portfolio Pulse from Murtuza Merchant

March 20, 2024 | 3:35 pm

AAPL

META

SPY

TSLA

The stock market is at a critical juncture as the Federal Reserve's upcoming decision on interest rates could significantly impact market direction. The SPDR S&P 500 ETF Trust (SPY) chart shows indecision among investors, with two weekly dojis indicating a lack of consensus on market direction. The 'momo crowd' is aggressively buying stocks, hoping for rate cuts, while the Fed faces inflation and economic strength challenges. U.K. CPI data showed cooler inflation, potentially hinting at future U.S. trends. Early trade money flows are positive for META and TSLA, neutral for AMZN, GOOG, MSFT, NVDA, mixed for SPY, QQQ, and negative for AAPL. Oil sees a draw in inventories, and Bitcoin remains range-bound.

Portfolio Pulse from The Arora Report

March 20, 2024 | 3:32 pm

V

Recent options trading activity in Visa (NYSE:V) has shown a significant interest from high-rolling investors, with a split sentiment of 50% bullish and 50% bearish. Benzinga's options scanner identified 8 notable trades, with a majority being calls totaling $621,674 versus a single put of $42,000. The targeted price range for Visa over the last 3 months is between $270.0 and $295.0. Visa's current market position shows a slight decrease in stock price by -0.03%, trading at $287.25, with an anticipated earnings release in 34 days. Analysts from Jefferies and Wells Fargo maintain positive outlooks on Visa, with target prices of $320 and $325, respectively.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:32 pm

CHTR

Investors have shown a mixed sentiment towards Charter Communications (NASDAQ:CHTR), with options trading revealing a 50/50 split between bullish and bearish positions. Notable trades include both puts and calls with a price target range of $200-$300. The company, a major cable provider in the U.S., is currently trading at $297.35, slightly down by 0.41%. Analysts have mixed opinions, with a consensus target price of $352.5, but recent ratings vary from Neutral to Outperform.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:32 pm

NOVT

Novanta (NYSE:NOVT) has seen a decrease in short interest, now at 5.03% of its float, lower than the peer group average of 8.22%. This reduction from 1.57 million shares suggests a more bullish sentiment among traders, despite the high days-to-cover ratio of 12.89.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:15 pm