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Stock Prices

NFLX

Netflix shares are trading lower following Wedbush's decision to remove the stock from its Best Ideas List, although it maintained an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:53 pm

FI

GPN

MA

SQ

TOST

V

Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) have reached a settlement with U.S. merchants to lower credit card interchange fees by 4bps and cap swipe fees until 2030. This deal also removes anti-steering provisions, potentially benefiting merchant acquirers like Block, Inc (NYSE:SQ), Fiserv, Inc (NYSE:FI)/Clover, Toast, Inc (NYSE:TOST), and Global Payments Inc (NYSE:GPN). Analyst Dan Dolev views this as a relief from regulatory pressure for Visa and Mastercard, and beneficial for merchant acquirers due to the surcharge on specific credit cards.

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 6:49 pm

GE

General Electric's stock price increased following Wells Fargo's decision to maintain an Overweight rating and raise its price target from $177 to $200.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 6:48 pm

FBTC

Fidelity Investments has filed an S-1 form with the SEC for a spot Ethereum ETF, including staking capabilities. This follows the successful launch of spot Bitcoin ETFs in the U.S., notably the Fidelity Wise Origin Bitcoin Fund (FBTC), which contributed to a significant rise in Bitcoin's price. The proposed Ethereum ETF would trade on the CBOE and offer investors the ability to earn rewards through staking. This development is part of a broader trend of major investment firms, including BlackRock, VanEck, and ARK Invest, filing for cryptocurrency ETFs.

Portfolio Pulse from Murtuza Merchant

March 27, 2024 | 6:36 pm

ARM

Deep-pocketed investors have shown a bullish sentiment towards ARM Holdings (NASDAQ:ARM), with a significant move in the options market. Benzinga's tracking revealed 107 extraordinary options activities, with 72% bullish and 27% bearish sentiment. The options indicate a price window from $70.0 to $220.0 for ARM Holdings. The company, a major player in smartphone CPU cores, has seen its stock price increase by 1.59% to $130.0. Analyst ratings are mixed, with a target price range of $110 to $160.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 6:31 pm

RTX

Deep-pocketed investors have shown a bullish sentiment towards RTX (NYSE:RTX), with a significant move in options trading. Benzinga's tracking revealed 8 extraordinary activities, with a price band focus between $85.0 and $100.0. The sentiment is 75% bullish and 25% bearish among these trades. RTX, a major aerospace and defense company, has seen its stock price increase by 1.02% to $97.04, with an anticipated earnings release in 27 days. Analysts from TD Cowen and Wells Fargo have set price targets at $115 and $120, respectively.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 6:30 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has delivered an average annual return of 11.64% over the past 20 years, outperforming the market by 3.81% annually. With a current market capitalization of $44.59 billion, a $100 investment in IDXX 20 years ago would be worth $901.28 today.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 6:30 pm

CNC

Over the past 10 years, Centene (NYSE:CNC) has produced an average annual return of 17.46%, outperforming the market by 6.76% on an annualized basis. A $1000 investment in CNC a decade ago would be worth $5,019.76 today. Centene's market capitalization currently stands at $41.67 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 6:30 pm

CSGS

SMIG

TDV

RBC Capital Markets analyst Dan Bergstrom initiated coverage on CSG Systems International, Inc. (NASDAQ:CSGS) with an Outperform rating and a price target of $61, citing the company's potential to grow its business to more than $1.5 billion by CY/25E. Bergstrom is optimistic about CSG's organic growth, strategic M&As, and its positioning as a preferred partner in digitizing and monetizing customer experiences. EPS estimates for 2024 and 2025 are $3.91 and $4.16, respectively. CSGS shares are up 0.10% at $50.35. Investors can also gain exposure through ProShares S&P Technology Dividend Aristocrats ETF (BATS:TDV) and ETF Series Solutions AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (NYSE:SMIG).

Portfolio Pulse from Lekha Gupta

March 27, 2024 | 6:24 pm

ARKK

NVDA

SPRX

ZS

Spear Alpha ETF (SPRX) is trading flat, signaling a potential breakout as it consolidates within a tight range. It has outperformed Ark Innovation ETF (ARKK) year-to-date. NVIDIA (NVDA), its largest holding, along with Zscaler (ZS), AMD, Snowflake (SNOW), and Shopify (SHOP) are key components, with NVDA and ZS trading near all-time highs. SPRX's recent chart patterns suggest a possible uptrend if it breaks above the current resistance levels.

Portfolio Pulse from Melanie Schaffer

March 27, 2024 | 6:18 pm