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The Bank of America Global Fund Manager Survey for March 2024 indicates a significant rise in investor optimism, with economic growth expectations at a two-year high and recession risks diminishing. This optimism has led to increased allocations to stocks, especially in Europe, emerging markets, and the financial sector, while reducing investments in U.S. equities and technology. The survey also reveals a division over AI stocks, with the 'Magnificent 7' being the most crowded trade. The Roundhill Magnificent Seven ETF (MAGS) and the Roundhill Generative AI & Technology ETF (CHAT) have seen substantial gains.

Portfolio Pulse from Piero Cingari

March 20, 2024 | 3:10 pm

GRTUSD

The Graph (CRYPTO: GRT) has seen a 4.9% decrease in price over the last 24 hours, continuing a negative trend with a 13.0% loss over the past week. The trading volume has decreased by 25.0%, while the circulating supply increased by 0.35%, reaching 9.46 billion. The Graph's market cap ranking is now #36 at $3.59 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:03 pm

PEPEUSD

Cryptocurrency Pepe (PEPE) experienced a significant price increase of 13.98% in the last 24 hours, despite a weekly trend of a 12.0% decrease. The current price is $0.0000074, down from $0.0000085. The trading volume and circulating supply have also decreased, with the market cap ranking at #42 and valued at $3.13 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:02 pm

STXUSD

Cryptocurrency Stacks (STX) experienced a 7.36% price increase over the past 24 hours, reaching $3.01. Over the last week, its price has risen over 2.0% from $2.95. The coin's all-time high is $3.47. Trading volume surged by 103.0% in the past week, while the circulating supply decreased by 1.44%, now at 79.57% of its max supply of 1.82 billion. Stacks's market cap ranks #31 at $4.30 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:02 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has significantly outperformed the market over the past 15 years, with an average annual return of 27.54%, turning a $100 investment into $3,947.85 today. The company's market capitalization stands at $24.18 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:01 pm

ARBUSD

Arbitrum (CRYPTO: ARB) has seen a price increase of 6.24% in the last 24 hours, reaching $1.68, despite a 22.0% decrease over the past week from $2.14. The coin's all-time high is $2.39. Trading volume rose by 5.0% over the week, with the circulating supply increasing to 2.65 billion, 26.54% of its max supply. ARB's market cap is now $4.44 billion, ranking it #27.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:01 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a price increase of 8.97% in the last 24 hours, reaching $4.17, despite a 7.0% decrease over the past week from $4.36. The coin's all-time high is $5.29. Trading volume has decreased by 56.0%, and the circulating supply has slightly reduced by 0.26% to over 3.47 billion, with a current market cap ranking of #13 at $14.28 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 3:00 pm

ALAB

Astera Labs has successfully launched its IPO, pricing 19.8 million shares at $36 each. The shares are currently indicating a trading price of $52.08, showcasing a strong market debut.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:57 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has seen significant unusual options activity, with a bullish sentiment from financial giants. Analysis of options history revealed 11 unusual trades, with a majority being bullish. The options trading suggests a price target range of $42.5 to $100.0. Recent analyst ratings have been positive, with an average target price of $91.6. The company's current market position shows a slight price decrease to $65.01, with a neutral RSI and an earnings announcement expected in 64 days.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:47 pm

UNG

USO

XOM

Suriname is planning to allocate a total of 20-21 shallow water blocks in an upcoming bidding round, with flexibility in negotiating terms for gas developments. This move could potentially attract significant interest from energy companies looking to expand their exploration and production portfolios.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:43 pm