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LLY

NVO

Novo Nordisk A/S (NVO) faces shortages of Ozempic starter kits in Germany due to high demand for its weight-reducing effects, with limited availability expected through 2024. Meanwhile, a Chinese company, Hangzhou Jiuyuan Gene Engineering, has developed a biosimilar, Jiyoutai, potentially challenging Ozempic's market in China. Eli Lilly And Co (LLY) also experiences tight supply of its diabetes drug Mounjaro until 2024 due to high demand.

Portfolio Pulse from Vandana Singh

April 03, 2024 | 5:37 pm

EDR

Evercore ISI Group analyst Vijay Jayant downgraded Endeavor Gr Hldgs (NYSE:EDR) from Outperform to In-Line and reduced the price target from $28 to $27.5, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:37 pm

ABBV

ESTA

GILD

INSP

MRNA

NVCR

TMDX

UNH

VKTX

Today's whale activity in the Health Care sector highlighted significant options trading across various stocks, indicating bullish, bearish, and neutral sentiments. Notable trades were observed in UNH, MRNA, TMDX, ESTA, NVCR, GILD, ABBV, VKTX, INSP, and CI, with varying expiration dates, strike prices, and sentiments. This activity could signal upcoming movements in these stocks based on the large sums of money involved and the sentiments expressed through these option trades.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

AMZN

BABA

CMG

CROX

CZR

KBH

PLAY

TSLA

VFC

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable trades on TSLA, CZR, PLAY, BABA, AMZN, VFC, CROX, KBH, RL, and CMG. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities or market movements.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

AMD

DELL

HPE

INTC

MARA

MSFT

NVDA

SMCI

WDC

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bearish calls on NVDA, bullish puts on MSFT, and various bullish calls on SMCI, AMD, WDC, DELL, MARA, and HPE, with neutral calls on MU and bearish puts on INTC.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

COTY

ELF

NBCC

ULTA

VSMV

Ulta Beauty, Inc. (NASDAQ:ULTA) shares are falling due to executives cautioning about a deceleration in demand across categories in Q1. Despite this, the company reaffirmed its annual comparable sales growth target of 4% to 5% and expects FY 2024 revenue to be between $11.7 billion and $11.8 billion. The news also negatively impacted shares of E.L.F. Beauty, Inc. (NYSE:ELF), Coty Inc. (NYSE:COTY), and Estee Lauder Companies, Inc. (NYSE:EL). Investors can gain exposure to ULTA through Neuberger Berman ETF Trust Neuberger Berman Next Generation Connected Consumer ETF (NYSE:NBCC) and VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV).

Portfolio Pulse from Nabaparna Bhattacharya

April 03, 2024 | 5:32 pm

INTC

OWL

SPOT

ULTA

Wall Street rebounded as the ISM Services PMI indicated slower growth, easing overheating concerns. The ADP report showed strong job growth, and the dollar declined. Fed Chair Powell hinted at potential rate cuts. WTI crude and precious metals prices rose. Major indices and ETFs like SPY, DIA, and QQQ saw gains, with GE Aerospace rallying post-separation and Intel facing losses. Blue Owl Capital announced a significant acquisition, while Spotify plans to raise subscription prices. Ulta Beauty and peers faced declines due to competition and demand slowdown.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 5:31 pm

LGIH

LGI Homes (NYSE:LGIH) has seen a 6.32% increase in its short percent of float since the last report, reaching 13.12% of all shares available for trading. With 2.27 million shares sold short, it would take about 11.97 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards LGIH, although it doesn't necessarily predict a near-term price drop. LGIH's short interest is higher than its peer group average of 5.96%.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

CTRA

Coterra Energy (NYSE:CTRA) has seen a decrease in short interest, with the short percent of float falling 12.77% to 2.46% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. Compared to its peers, Coterra Energy has a lower short interest percentage, suggesting a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.76%, outperforming the market by 6.91% annually. A $100 investment in AMT 20 years ago would be worth $1,569.84 today. American Tower currently has a market capitalization of $89.32 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm