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HROW

IMTX

LLY

ZTS

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for 10 companies. The trades varied in sentiment, with both bullish and bearish positions taken across a range of expiration dates and strike prices. Notable activity included bullish calls on HROW, ZTS (despite being a put), SHC, ABBV, and AMGN, and bearish positions on IMTX, LQDA, MDGL, DXCM, and LLY (despite being a put). This activity could indicate investor expectations and market movements.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:35 pm

SHC

Sotera Health saw significant options activity with a sweep of 715 calls for May 17 at $15, priced near the ask at $0.897, against an open interest of 27. This activity comes ahead of their earnings report estimated on May 1, with the reference stock price at $14.335.

Portfolio Pulse from Charles Gross

March 18, 2024 | 5:27 pm

SYRE

Spyre Therapeutics announced a $180 million private placement of Series B non-voting convertible preferred stocks at $1,480 per share, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 5:11 pm

AMZN

CRWD

GOOG

META

MSFT

NVDA

ORCL

PANW

QOWZ

TRFK

Nvidia's GTC 2024 event, termed the 'AI Woodstock', is anticipated to showcase groundbreaking AI innovations, driving significant analyst enthusiasm. Wedbush analyst Daniel Ives predicts the event will catalyze over $1 trillion in AI investments over the next decade, marking a pivotal moment in the AI Revolution. The introduction of the Blackwell B100 AI chip is highlighted as a key milestone. Major tech companies like Microsoft, Alphabet, Amazon, Oracle, and Meta are noted for their transformative AI investments. The AI sector's growth is expected to significantly impact IT budgets and spur additional spending across software, IT services, and infrastructure. The article also mentions the positive outlook for cloud cybersecurity firms like Zscaler, CrowdStrike, and Palo Alto Networks due to increased AI adoption. Analysts from Truist Securities and HSBC have raised their price targets for Nvidia, reflecting a bullish sentiment on the stock.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 4:56 pm

LRCX

Recent options trading activity indicates a bearish stance on Lam Research (LRCX) by market whales, with 65% of detected trades being bearish. The trading range for LRCX options spans from $510 to $1480. Notably, a significant PUT option trade was observed with a strike price of $825 and an expiration date of 09/20/24, totaling $463K. Conversely, a notable CALL option with bullish sentiment had a strike price of $930, expiring on 04/19/24, and amounted to $180K. Lam Research, a leading semiconductor equipment manufacturer, is currently trading at $929.03, up 2.08%, with an RSI indicating it may be approaching overbought territory. Analyst ratings have a consensus target price of $957.5, with UBS maintaining a Buy rating at a target of $1130, while Cantor Fitzgerald downgraded to Neutral with a target of $900.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:31 pm

SMCI

Super Micro Computer (SMCI) shares are trading lower after initially rising due to its inclusion in the S&P 500. The stock's reversal indicates a short-term volatility following the announcement of its addition to the index.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:30 pm

NWG

NatWest is seeking approval from its shareholders to conduct a directed buyback of up to 15% of its stock currently owned by the British government over any 12-month period, according to a notice for its upcoming Annual General Meeting (AGM) as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:22 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen a significant uptick in options activity, with a bullish sentiment from deep-pocketed investors according to Benzinga's tracking. The options scanner revealed 66 extraordinary activities, with a split sentiment of 51% bullish and 48% bearish. Notable trades include calls and puts with strike prices ranging from $140 to $290. AMD's current trading volume is 32,199,324, with a slight price increase of 0.37% to $191.76. Analyst ratings over the past month suggest an average target price of $214, with varying recommendations from Overweight to Buy.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:16 pm

GSK

HLN

PFE

Pfizer Inc plans to reduce its stake in Haleon Plc to about 24%, selling approximately 630 million shares valued at £2 billion. This follows Pfizer's strategy to divest its ownership in Haleon, a company known for brands like Sensodyne, which emerged from a merger between Pfizer's and GSK Plc's consumer healthcare divisions in 2019. Haleon intends to buy back £500 million of shares in 2024 and repurchase about £315 million of shares from Pfizer off-market. GSK has also been reducing its stake in Haleon, with its latest sale in January bringing its ownership down to 4.2%.

Portfolio Pulse from Vandana Singh

March 18, 2024 | 4:08 pm

TSLA

The article provides a detailed comparison of Tesla (TSLA) against its competitors in the Automobiles industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Tesla's ratios suggest a higher valuation compared to the industry, with a notably higher ROE but lower EBITDA, gross profit, and revenue growth. The analysis indicates Tesla might be overvalued but shows strong profitability. Tesla's lower debt-to-equity ratio suggests a stronger financial position with less reliance on debt.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:00 pm