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Stock Prices

VALE

Market whales have shown a predominantly bearish stance on Vale (NYSE:VALE), with 75% of recent options trades being bearish. The trades indicate a price window of $11.0 to $17.0 for Vale. Significant options trades include both bullish and bearish sentiments, with a notable volume and open interest in options within the $11.0 to $17.0 strike price range. Vale, a leading global miner, is focusing on iron ore, nickel, and copper, planning to separate its base metals and iron ore businesses by 2024. Currently, VALE's stock is down by -2.73%, trading at $12.83, with neutral RSI indicators and an earnings announcement expected in 44 days. Analysts have given an average target price of $18.75 for Vale.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:15 pm

DUO

ELTK

EQT

ETRN

GDS

GNE

LXRX

VTYX

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all seeing declines. Materials shares rose, while industrials fell. EQT Corporation announced a merger with Equitrans Midstream Corporation. GDS Holdings, Fangdd Network Group, and Lexicon Pharmaceuticals saw significant stock increases, while Eltek, Genie Energy, and Ventyx Biosciences experienced declines. Oil and gold prices edged higher.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 4:15 pm

BIDU

Recent options trading activity indicates a bullish stance on Baidu (NASDAQ:BIDU) by large investors, with a notable volume of trades suggesting a target price range of $85.0 to $120.0. The trading volume and open interest analysis for the last 30 days reveal significant activity, with a mix of bullish and bearish sentiments among the trades. Baidu, a leading internet search engine in China, is currently trading at $100.28, with an RSI indicating a neutral position. An analyst from Barclays maintains an Overweight rating on Baidu with a target price of $133.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:15 pm

SPY

TLT

The U.S. CPI report for February is highly anticipated as it's the last key inflation data before the Federal Reserve's rate-setting meeting on March 21. January's CPI exceeded expectations, causing market adjustments for rate cut expectations and impacting SPY and TLT negatively. Analysts predict February's CPI to mirror January's 3.1% year-over-year increase, with a slight uptick in monthly inflation but a decrease in core inflation. Energy prices, especially gasoline, are expected to drive headline inflation.

Portfolio Pulse from Piero Cingari

March 11, 2024 | 4:14 pm

AVGO

Citigroup analyst Christopher Danely maintains a Buy rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1100 to $1560, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:08 pm

VTYX

Ventyx Biosciences' stock price declined following the release of clinical data for its NLRP3 inhibitor portfolio and updates on its pipeline.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:04 pm

TACT

Transact Technologies (NASDAQ:TACT) is scheduled to release its quarterly earnings report on 2024-03-12, with analysts expecting an EPS of $-0.03. The company's past earnings performance shows a pattern of beating EPS estimates, leading to significant share price movements. Shares are currently trading at $6.9, down 3.46% over the last 52 weeks. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:02 pm

LDI

loanDepot (NYSE:LDI) is anticipated to report a Q4 EPS of $-0.07 on March 12, 2024. The company's historical performance shows a mixed reaction to earnings reports, with the last quarter beating estimates by $0.01 and resulting in an 8.39% share price increase. Over the last year, LDI shares have risen by 52.03%, indicating a positive outlook from long-term shareholders. Investors will be keenly watching for not only the earnings results but also the future guidance provided by the company.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:02 pm

SNCR

Synchronoss Technologies (NASDAQ:SNCR) is scheduled to release its quarterly earnings report on March 12, 2024, with an expected EPS of $-0.10. Analysts and investors will be closely watching for not only an earnings beat but also positive guidance for the next quarter. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat followed by a 16.28% drop. Shares have risen 34.5% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:02 pm

CMT

Core Molding Technologies (AMEX:CMT) is expected to report an EPS of $0.06 in its upcoming quarterly earnings on 2024-03-12. Analysts and investors will be looking for an earnings beat and positive guidance for future growth. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting accordingly. Shares have risen 15.36% over the last 52 weeks, indicating a generally positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 4:02 pm