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USO

Oil prices reached a four-month high, surpassing $82 per barrel, influenced by the U.S. planning to replenish its Strategic Petroleum Reserve, Ukrainian drone strikes on Russian refineries, and a bullish technical outlook as indicated by the United States Oil ETF (USO) exceeding its 200-day moving average. Factors such as China's economic recovery and OPEC+ production cuts also contribute to the tight oil market and positive demand outlook.

Portfolio Pulse from Piero Cingari

March 18, 2024 | 9:34 pm

FCX

Freeport-McMoRan (NYSE:FCX) has significantly outperformed the market over the past 5 years, with an annualized return of 29.57%, turning a $100 investment into $344.27 today. The company's market capitalization stands at $63.80 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:30 pm

PVH

PVH Corp (NYSE:PVH) has delivered an average annual return of 10.25% over the past 20 years, outperforming the market by 2.3% annually. A $100 investment in PVH 20 years ago would be worth $707.75 today, showcasing the impact of compounded returns over time. PVH's current market capitalization stands at $7.68 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:30 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has outperformed the market with an annualized return of 11.89%, turning a $100 investment into $950. The company's market capitalization stands at $104.87 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 9:01 pm

DOGE-USD

Dogecoin (DOGE) sees a 93% surge in whale transactions and a 13.5% increase in daily active addresses despite a 19% price drop over the past week. Analysts remain optimistic, citing its break from a macro downtrend and potential for real-world use, especially with Tesla's upcoming DOGE payment option. Large transaction volumes and active addresses are up, with 80.6% of holders still in profit. The community is watching closely as DOGE approaches a critical support zone.

Portfolio Pulse from Khyathi Dalal

March 18, 2024 | 8:54 pm

DOW

Benzinga's options scanner revealed significant activity in Dow (NYSE:DOW) options, with over 11 transactions totaling $427,337. Analysis of trading volumes and open interest suggests a focus on a price range between $52.5 and $60.0. Notable options activity includes both bearish and bullish sentiments on calls and puts. Dow Chemical, a major chemicals producer, is currently trading at $56.74, down by -0.53%, with an RSI indicating a potential approach to overbought territory. The anticipated earnings release is in 38 days.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:45 pm

LICY

Li-Cycle announced progress in its comprehensive review, including improving its liquidity position and conducting an internal technical review of the Rochester Hub. The company reported cash and cash equivalents of $71 million as of December 31, 2023, and $35 million as of March 15, 2024, excluding $10 million in restricted cash. Following the pause in construction of the Rochester Hub, Li-Cycle implemented a Cash Preservation Plan on November 1, 2023, leading to significant workforce reductions and decreased non-operational spending to enhance liquidity.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 8:38 pm

HUM

Over the past 15 years, Humana (NYSE:HUM) has produced an average annual return of 19.3%, outperforming the market by 6.17% on an annualized basis. A $100 investment in HUM 15 years ago would now be worth $1,359.93. Humana's market capitalization currently stands at $41.85 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:30 pm

CHWY

Financial giants have shown a bearish trend on Chewy (NYSE:CHWY) with 58% of unusual trades being bearish. The trades indicate a target price range of $14.5 to $22.5. Chewy, a leading e-commerce pet care retailer, saw its stock price drop by -3.05% to $16.86. Analysts have adjusted their ratings, with a consensus target price of $26.5. The largest options trades suggest mixed sentiments, with both bullish and bearish positions taken on different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:16 pm

ADBE

Deep-pocketed investors have shown a bearish sentiment towards Adobe (NASDAQ:ADBE) based on recent options activities tracked by Benzinga. A significant volume of options trading was observed, with 141 extraordinary activities, where 68% were bearish and 31% bullish. The options trading suggests a price window for Adobe between $350.0 to $900.0. Current trading volume is 6,310,133 with a price increase of 4.35% to $513.86. Analysts have set an average price target of $633.2 for Adobe.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 8:16 pm