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MRK

Merck & Co Inc (NYSE:MRK) announced that its Phase 3 KEYNOTE-A18 trial of Keytruda in combination with chemoradiotherapy (CRT) for high-risk locally advanced cervical cancer met its primary endpoint of overall survival (OS). This marks the first time an immunotherapy-based regimen has shown a statistically significant improvement in OS for these patients. The safety profile of Keytruda was consistent with previous studies, with no new safety signals identified. Additionally, Keytruda has two other approved indications for cervical cancer in the U.S. MRK shares rose 0.61% to $121.23.

Portfolio Pulse from Vandana Singh

March 15, 2024 | 7:17 pm

Significant bearish options activity has been detected in SentinelOne (NYSE:S), with a notable volume of puts compared to calls. The options trading suggests a price target range of $20.0 to $35.0. SentinelOne, a cloud-based cybersecurity firm, has seen its stock price slightly decrease, with an RSI indicating it may be oversold. Analysts have mixed ratings on the stock, with price targets ranging from $24 to $33.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:15 pm

AMD

AMZN

AOTG

ARM

INTC

NVDA

SOXQ

KeyBanc analyst John Vinh maintained an Overweight rating on AMD with a price target of $270, citing strong growth in Genoa instances, particularly led by Amazon AWS. AMD's performance in cloud expansion shows potential for market leadership. Despite a general decline in traditional server demand and China's cloud sector, AMD, along with Nvidia, ARM, and Intel, shows varied performance with AMD and Nvidia remaining stable or growing, while Intel saw a slight decline. Investors can gain exposure to AMD through AOT Growth And Innovation ETF and Invesco PHLX Semiconductor ETF.

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 7:14 pm

ULTA

Ulta Beauty, Inc. (NASDAQ:ULTA) received updated forecasts from analysts following its Q4 earnings report, which showed a 10.2% year-over-year revenue increase to $3.55 billion, surpassing estimates. Stifel analyst Mark S. Astrachan raised his forecast to $565 from $505, maintaining a Hold rating. Oppenheimer analyst Rupesh Parikh, viewing Ulta as a top pick, raised his FY24 EPS projection to $26.45 and set a price target of $600, citing international expansion plans and innovation. Despite positive analyst outlooks, ULTA shares dropped 4.29% to $541.16.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 7:05 pm

AMD

FCX

NVDA

SPRX

TECK

TSM

The article discusses the critical role of copper in the AI technology value chain, highlighting its importance in hardware like AI servers and the broader electrical grid. It mentions companies like Nvidia, Taiwan Semiconductor, and Advanced Micro Devices as key players in AI hardware, and also touches on the investment perspective, with Spear Alpha ETF investing in companies across the AI value chain, including those involved in copper mining like Freeport-McMoRan and Teck Resources. The growing demand for copper, set against a backdrop of shrinking supply, is seen as an investment opportunity.

Portfolio Pulse from Johnny Rice

March 15, 2024 | 7:05 pm

FETUSD

Fetch.ai's cryptocurrency (FET) has seen a 4.81% increase in price over the last 24 hours, reaching $2.83, despite a 3.0% decrease over the past week. The coin's all-time high is $3.11. Trading volume has decreased by 4.0%, while the circulating supply has slightly increased. Fetch.ai's market cap ranks it #47 at $2.93 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:01 pm

GOLD

Barrick Gold (NYSE:GOLD) has seen significant options market activity, with a bearish sentiment prevailing among big-money traders. Analysis of options trades revealed a split sentiment, 40% bullish and 60% bearish, with a focus on a price band between $15.0 and $22.0. The company, a major gold and copper producer, has its stock slightly down by -0.1%, trading at $15.74, and may be approaching overbought territory. The next earnings report is expected in 47 days.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:01 pm

WMT

Recent options activity for Walmart (NYSE:WMT) shows a bullish sentiment among investors, with 58% of trades being bullish. Significant trades include both calls and puts with strike prices ranging from $43.33 to $65.00. Walmart's current stock price is $60.5, down by -0.85%, with a consensus target price of $111.6 from market experts. The company is a leading retailer in the US, with over $440 billion in domestic sales in fiscal 2024.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:01 pm

ONEW

OneWater Marine (NASDAQ:ONEW) received mixed analyst ratings, with an average 12-month price target of $32.5, reflecting a 2.2% increase from the previous target. The company's financial performance shows a slight revenue decline but strong profitability metrics. Analysts' actions vary, indicating changing market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:00 pm

LLY

Eli Lilly and Co (LLY) has delivered an average annual return of 12.84% over the past 20 years, outperforming the market by 4.84%. A $100 investment in LLY 20 years ago would be worth $1,113.09 today. The company's current market capitalization stands at $713.27 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:00 pm