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SOFI

High-rolling investors have shown a bullish sentiment on SoFi Techs (NASDAQ:SOFI), with options trading data revealing a mix of bullish and bearish positions. The trading activity, highlighted by Benzinga, includes significant options trades with a focus on a price band between $1.0 and $15.0. The current market status of SOFI shows a slight decrease in stock price, with professional analysts from Goldman Sachs and Morgan Stanley providing mixed ratings. The company, known for its wide range of financial services, is approaching its earnings announcement.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 8:45 pm

BTCUSD

Retired U.S. Army Colonel Douglas Macgregor, a former Pentagon advisor, predicts a significant rise in Bitcoin's value as a response to the potential collapse of fiat currencies. He suggests investing in Bitcoin for financial autonomy and criticizes the current financial system's reliance on fiat and digital bank-issued currencies. Macgregor also highlights Bitcoin's national security benefits and criticizes U.S. leadership's reluctance to adopt new technologies like Bitcoin, attributing it to a generational gap.

Portfolio Pulse from Murtuza Merchant

February 21, 2024 | 8:42 pm

DC

GATO

NUE

PLL

Nucor Corporation plans to build a $860 million rebar micro mill in the Pacific Northwest, aiming to maintain leadership in the steel bar market. Gatos Silver reported increased silver production and financial growth in Q4 2023, despite a revenue fall. Dakota Gold Corp. announced promising drill assays at the Richmond Hill Gold Project, indicating potential for future resource expansion. Piedmont Lithium sold all shares of Sayona Mining, focusing on its joint venture and offtake agreement with Sayona Quebec to supply lithium resources for the U.S. electric vehicle supply chain.

Portfolio Pulse from Austin DeNoce

February 21, 2024 | 8:33 pm

SPY

The FDA has issued a warning against using smartwatches or smart rings for measuring blood glucose levels, stating that no such device has been authorized, cleared, or approved for this purpose.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:20 pm

WAB

MRS Logística and Wabtec Corporation have entered into an agreement for the purchase of 30 new Evolution Series locomotives, valued at around R$500 million, with deliveries starting in 2024. This deal is part of MRS's strategy to renew its railway fleet and aims to improve efficiency, safety, and sustainability in rail transport. The ES44ACi locomotives feature advanced technology for reduced emissions and operating costs, aligning with global sustainability efforts.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 8:18 pm

CHK

HEAT

UNG

U.S. natural gas prices surged over 11% after Chesapeake Energy Corp (NASDAQ:CHK) announced a reduction in its output, contributing to a nearly 13% increase this week. Chesapeake plans to lower its 2024 gas production and cut capital expenditure by 20% due to weak market conditions. This announcement led to a 7.8% rise in Chesapeake's shares. The United States Natural Gas Fund (NYSE:UNG) also saw an 11.6% increase, while the WisdomTree Heating Oil ETF (NYSE:HEAT) experienced an 8% decline in the same period.

Portfolio Pulse from Neil Dennis

February 21, 2024 | 8:17 pm

GSK

MRNA

PFE

Moderna Inc (NASDAQ:MRNA) is set to report its Q4 earnings on Feb. 22, with expectations of a negative 99 cents EPS and $2.53 billion in revenues. The focus is on the scrutiny of its RSV mRNA vaccine, diminishing Spikevax revenue, and the potential FDA approval in 2024. Moderna's stock has declined 83% from pandemic highs due to these challenges. Analysts maintain a Buy rating with a target of $154.44, despite recent setbacks and competition from GSK (NYSE:GSK) and Pfizer Inc (NYSE:PFE).

Portfolio Pulse from Surbhi Jain

February 21, 2024 | 8:03 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is rolling out a software update (version 2024.2.6) featuring enhancements such as Latin American maps, Spanish language support, safety features, and navigation improvements. This update indicates Tesla's expansion into Chile and Colombia, and includes region-specific features like red light and speed camera displays for Chinese drivers. Additional features include a 'Gong Xi Fa Cai' Easter egg, the ability to remotely unlock Supercharger stalls, lower audio volume when parking, and improved battery heating estimates for efficient supercharging.

Portfolio Pulse from Benzinga EV Insights

February 21, 2024 | 7:47 pm

MU

STX

WDC

Mizuho analyst Vijay Rakesh issued Buy ratings for Micron Technology (MU), Seagate Technology (STX), and Western Digital (WDC), with price targets of $100, $100, and $66 respectively, driven by a significant surge in NAND pricing and conservative Capex through 2024. The NAND price increase is expected to benefit AI handsets and servers, with Western Digital's new fabrication plants and transition to BiCS8 technology highlighting strategic growth. The semiconductor and storage industry is anticipated to see dynamic growth with strategic investments and product innovations.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 7:42 pm

CFLT

Stifel analyst Brad Reback initiated coverage on Confluent Inc (NASDAQ:CFLT) with a Buy rating and a price target of $40, highlighting the company's significant growth potential in the cloud expansion and the launch of its Flink product. Reback points out that with over 75% of Fortune 500 companies already using Apache Kafka and only 36% being Confluent customers, there's a substantial opportunity for growth. Additionally, the shift towards fully managed cloud services and the upcoming FedRamp approvals are expected to serve as catalysts for further cloud growth. Despite near-term challenges, such as the GTM compensation structure transition, Reback is optimistic about Confluent's future, projecting a 20%+ growth rate and margin expansion.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 7:37 pm