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Equity Actions

AMD

CRWD

NOW

PLTR

TEAM

UBER

Josh Brown from Ritholtz Wealth Management has identified a new set of stocks dubbed the 'Mag 7 Bench', which could potentially become the next 'Magnificent Seven' in the stock market. Using criteria such as market cap below $350 billion, 14-day relative strength of 45 to 65, forward P/E ratios of 85 or less, and five-year annualized growth rates of 25% or greater, the list includes Advanced Micro Devices (AMD), Uber Technologies (UBER), ServiceNow (NOW), Fiserv (FI), CrowdStrike Holdings (CRWD), Palantir Technologies (PLTR), and Atlassian Corp (TEAM). Brown suggests these companies have the potential to reach a trillion-dollar market cap in the future.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 7:23 pm

AAPL

AMZN

MUSQ

SONY

The 96th Academy Awards highlighted the integral role of music in cinema, with 'Oppenheimer' and 'Barbie' being notable winners. Universal Music Group and Sony Music Entertainment artists were among the winners and nominees, showcasing their influence in the industry. Apple's 'Killers of the Flower Moon' also received nominations. The MUSQ Global Music Industry ETF offers investment exposure to the music sector, including companies like Amazon, Apple, Sony, and Universal.

Portfolio Pulse from Melanie Schaffer

March 14, 2024 | 7:07 pm

ACNB

ACNB Corp has filed for a mixed shelf offering of up to $100 million, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 7:01 pm

INTC

SPY

President Biden and Commerce Secretary Gina Raimondo are set to announce a grant under the Chips Act for Intel in Arizona on March 20, according to Reuters sources.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 6:17 pm

AAPL

A Reddit user, ConstantOne5578, analyzed Warren Buffett's decision not to sell Apple Inc (AAPL) shares despite market fluctuations and strategic shifts. The analysis highlights Buffett's long-term investment strategy and the significant tax implications of selling AAPL shares, which constitute over 80% of Berkshire's investment. Concerns about Apple's strategy, including its move towards ads and regulatory pressures, were also discussed. Other Reddit users contributed to the discussion, emphasizing Buffett's investment rationale and the importance of dividends, share buybacks, and stock appreciation.

Portfolio Pulse from Surbhi Jain

March 14, 2024 | 6:11 pm

SUM

Summit Materials (NYSE:SUM) received 11 analyst ratings in the last three months, showing a diverse range of perspectives from bullish to bearish. The average 12-month price target for SUM is $43.73, marking a 7.02% increase from the previous target of $40.86. Analysts from firms like RBC Capital, Barclays, and Goldman Sachs have adjusted their ratings and price targets, reflecting evolving market conditions and company performance. Summit Materials, engaged in the production and sale of construction materials, has shown a positive revenue trend with a growth rate of 19.53% as of December 31, 2023, but faces challenges in profitability, debt management, and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:01 pm

SKIN

Analyst ratings for Beauty Health (NASDAQ:SKIN) have been updated, with 5 analysts providing evaluations in the last three months. The average 12-month price target for SKIN has been raised to $3.6, a 38.46% increase from the previous target of $2.60. Analysts' sentiments have shifted slightly towards a more neutral stance, with recent ratings indicating 4 indifferent and 1 somewhat bearish outlooks. Beauty Health's financial performance shows a decline in revenue growth and challenges in ROE, but a strong net margin and ROA. The company's debt-to-equity ratio is higher than the industry average, indicating a reliance on borrowed funds.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:00 pm

GLST

Global Star Acquisition and its units, along with K Enter, have amended their merger agreement, reducing the base value of the merger consideration for company shareholders from $610 million to $590 million.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 5:49 pm

AMZN

BABA

NKE

TSLA

UAA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks, including notable companies like Tesla, Amazon, and Nike. The transactions, which ranged from put and call options, sweeps to trades, suggest diverse market expectations and strategies among large investors.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:35 pm

BAC

COF

MMC

MTB

RILY

STNE

Today's session highlighted significant options activity in the Financials sector, with notable trades in stocks like RILY, COF, STNE, SQ, BAC, MS, MTB, GS, C, and MMC. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices. This options activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:35 pm