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DECK

Smart money investors have shown a significant interest in Deckers Outdoor (NYSE:DECK) options, with a bearish sentiment prevailing. Benzinga's options scanner revealed 16 unusual trades, indicating a split sentiment but with a higher bearish inclination. The trades include 11 puts and 5 calls, with a focus on a price window from $840.0 to $1020.0. Current trading volume and price trends, along with analyst ratings, suggest a cautious but potentially rewarding approach for informed traders.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:31 pm

ACOR

GRTS

LIFW

VERV

VTSI

VVPR

U.S. stocks traded lower with the Nasdaq Composite down over 1%. Energy shares rose by 0.6% while health care shares fell by 1.7%. U.S. factory orders increased by 1.4% in February. VivoPower International PLC surged 266% after announcing a merger with Cactus Acquisition Corp. 1 Limited. VirTra, Inc. rose 41% on strong Q4 results. MSP Recovery, Inc. gained 28% after Palantir Technologies reported a 6.5% stake. Acorda Therapeutics, Inc. dropped 76% due to Chapter 11 proceedings. Gritstone bio, Inc. and Verve Therapeutics, Inc. also saw significant declines.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 4:06 pm

CNX

CNX Resources (NYSE:CNX) has been evaluated by 5 analysts over the last three months, showing a shift towards a more neutral stance. The average 12-month price target for CNX has increased to $21.8, up 5.83% from $20.60. Analysts from Roth MKM, Truist Securities, Piper Sandler, and Mizuho have adjusted their ratings and price targets, reflecting a nuanced view of CNX's market position. Despite a significant revenue decline of -54.31% as of December 31, 2023, CNX demonstrates strong financial health with a high net margin of 130.93%, an ROE of 12.36%, and an ROA of 6.0%, alongside a conservative debt-to-equity ratio of 0.54.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

ONB

Analyst ratings for Old National (NASDAQ:ONB) show varied sentiments, with recent adjustments reflecting a mix of maintained and lowered stances. The average 12-month price target is now $20.0, down from $21.00, indicating a 4.76% decrease. Old National Bancorp, a financial services company with nearly $10 billion in assets, faces challenges in market capitalization and revenue growth, but excels in net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:01 pm

DOW

Over the past three months, 8 analysts have provided diverse opinions on Dow (NYSE:DOW), with recent assessments showing a shift towards a more bullish stance. The average 12-month price target has been raised to $58.75, reflecting a 2.0% increase from the previous target. Analysts' actions, including rating upgrades and price target adjustments, indicate changing market dynamics and Dow's performance. Despite a -10.44% decline in revenue growth and a negative net margin, Dow's financial strength is highlighted by its exceptional ROE, ROA, and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 4:00 pm

PPL

PPL Corporation reaffirmed its 2024 earnings forecast, expecting $1.63-$1.75 per share with a midpoint of $1.69. It also projects a 6%-8% annual EPS growth through at least 2027, alongside a $14.3B capital investment plan for 2024-2027.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:34 pm

HSBC

HSBC Holdings Plc is considering the sale of its wealth-management, custody, and fund administration units in Germany as part of its strategy to focus more on its core Asian operations. The review is in its early stages, and there's no guarantee of a sale. This move aligns with HSBC's recent trend of exiting non-core businesses and markets, including North America and French retail operations. The bank's German fund administration business, Inka, manages approximately €400 billion in assets. HSBC's German private banking activities generated about $90 million in revenue in 2023.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:23 pm

AXS

Axis Capital Holdings (NYSE:AXS) has received mixed analyst ratings over the past three months, with a current average 12-month price target of $71.8, reflecting a 4.06% increase from the previous target. Analyst actions include maintaining and raising ratings and price targets, indicating varied expectations for the company's performance. Despite its achievements, Axis Capital faces challenges such as below-average market capitalization, revenue growth, net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:01 pm

CVNA

Analyst ratings for Carvana (NYSE:CVNA) have shown a diverse range of opinions, with recent updates indicating a shift towards more positive outlooks. The average 12-month price target for CVNA has risen by 41.8% to $66.8, with individual analyst actions including rating upgrades and increased price targets. Despite this, Carvana faces challenges in revenue growth, profitability, and debt management, with key financial metrics lagging behind industry averages.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm

BJ

BJ's Wholesale Club (NYSE:BJ) was analyzed by 11 analysts, showing a mix of opinions. Recent updates include raised price targets and ratings by several analysts, reflecting a positive outlook on the company's performance. The average 12-month price target is now $79.82, up from $75.56. BJ's financials indicate strong growth and financial health, with notable revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 3:00 pm