Streetbeat News

Assets

WLK

Over the past 15 years, Westlake (NYSE:WLK) has produced an average annual return of 21.88%, outperforming the market by 8.96%. A $100 investment in WLK 15 years ago would now be worth $2,128.83. Westlake's current market capitalization stands at $18.27 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:00 pm

NEE

NextEra Energy (NYSE:NEE) has seen unusual options activity, with a bullish sentiment from high-rolling investors, as reported by Benzinga. The activity includes 10 options trades, with a sentiment split of 60% bullish and 40% bearish. The trades focus on a price band between $50.0 and $65.0. The company's regulated utility, Florida Power & Light, contributes significantly to its earnings, and its renewable energy segment has over 30 GW of generation capacity. The stock is currently down by -0.49%, with an RSI indicating it may be approaching overbought. An analyst from Mizuho has downgraded the rating to Buy with a price target of $67.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:46 pm

FCX

Freeport-McMoRan (FCX) shares are experiencing an uptick due to an increase in copper prices.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 4:38 pm

ADM

Financial analysis reveals a bearish sentiment among traders towards Archer-Daniels Midland (ADM), with a significant portion of options trades indicating expectations for the stock's price to fluctuate between $45.0 and $75.0. Despite this, industry analysts have set an average target price of $66.33, with ratings ranging from Hold to Market Perform. The company, a major processor and merchandiser of agricultural commodities, has seen its stock price decrease by -0.72%, with a current price of $57.79.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:31 pm

DE

Deep-pocketed investors have shown a bearish sentiment towards Deere (NYSE:DE), with a notable shift in options trading activity. Benzinga's tracking revealed 11 extraordinary options activities, with a mix of bullish and bearish sentiments, but a slight lean towards bearish with 54%. The options trading targets a price range of $370.0 to $390.0 for Deere. Analysts have mixed views on Deere, with an average target price of $433.2, but recent options activity suggests investors are preparing for potential price movements within the specified range.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:31 pm

FDS

FactSet Research Systems (NYSE:FDS) has delivered an average annual return of 15.46% over the past 20 years, outperforming the market by 7.47%. A $1000 investment in FDS 20 years ago would be worth $17,948.26 today. FactSet's market capitalization stands at $18.09 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:30 pm

RMBS

Over the past 10 years, Rambus (NASDAQ:RMBS) has outperformed the market with an annualized return of 19.09%, turning a $1000 investment into $5,687.85. The company now has a market capitalization of $6.55 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:30 pm

SCCO

Southern Copper shares are trading higher due to an increase in copper prices.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 4:26 pm

GBTC

IBIT

Bitcoin spot ETFs experienced mixed fortunes with a total net inflow of $132 million, despite market volatility. Grayscale ETF (GBTC) saw a net outflow of $257 million, while BlackRock's IBIT ETF recorded a net inflow of $345 million. The cryptocurrency market, including Bitcoin and Ether, faced significant volatility, with institutional investors unwinding positions and the Bitcoin forward curve declining, indicating a potential shift in investor sentiment.

Portfolio Pulse from Murtuza Merchant

March 15, 2024 | 4:16 pm

SPG

Simon Property Group (NYSE:SPG) has seen an increase in short interest, now at 4.51 million shares or 1.88% of float, taking 2.94 days on average to cover. This rise in short interest can indicate a bearish market sentiment towards SPG, though it's lower than its peer group average of 5.41%. Short interest is a key indicator of market sentiment, and while an increase can suggest bearishness, it can also present bullish opportunities under certain conditions.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:15 pm