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WULF

TeraWulf, Inc. (NASDAQ:WULF) shares rose after reporting Q4 financial results, with a significant increase in self-mining capacity and Bitcoin production, despite missing earnings and sales estimates. The company aims to expand its mining capacity and explore HPC and AI applications. Cantor Fitzgerald maintained a $4 price target.

Portfolio Pulse from Erica Kollmann

March 20, 2024 | 4:44 pm

WULF

TeraWulf's stock price increased due to a rise in Bitcoin value and the company's announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:43 pm

COPX

FCX

SCCO

Copper stocks, including those in the Global X Copper Miners ETF (COPX), Southern Copper Corp. (SCCO), and Freeport-McMoRan Inc. (FCX), have surged in March due to tight global copper market conditions. Analysts predict a major scarcity by 2025, driven by low copper stocks, peak mine supply, and strong demand from green technologies. Goldman Sachs remains bullish on copper, anticipating scarcity pricing and significant economic implications.

Portfolio Pulse from Piero Cingari

March 20, 2024 | 4:37 pm

SLRN

Acelyrin Inc (NASDAQ:SLRN) released positive Phase 1/2 trial data for lonigutamab in thyroid eye disease, showing rapid improvements in symptoms with no serious adverse events. A Phase 2b/3 trial is planned for the second half of 2024. SLRN shares rose 6.53% to $8.48.

Portfolio Pulse from Vandana Singh

March 20, 2024 | 4:34 pm

TKC

Trading of Turkcell Iletisim Hizmetleri (TKC) shares has been halted pending the release of significant news.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:24 pm

ALAB

Astera Lab's shares are indicating an opening price of $49.67, significantly above the IPO price of $36 for its 1.9 million shares offering.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:23 pm

INTC

NVDA

Intel Corporation (NASDAQ:INTC) received $8.5 billion in funding from the Department of Commerce as part of the CHIPS and Science Act, aimed at bolstering U.S. semiconductor production. This funding will support Intel's new initiatives, including its Arizona plant. The news has implications for several members of Congress who own Intel shares, amidst growing scrutiny over potential conflicts of interest in congressional stock trades. Additionally, the article mentions NVIDIA Corporation (NASDAQ:NVDA) in the context of previous congressional trades and the CHIPS Act's relevance to the semiconductor sector.

Portfolio Pulse from Chris Katje

March 20, 2024 | 4:19 pm

SOUN

Recent options trading activity in SoundHound AI (NASDAQ:SOUN) indicates a bearish sentiment among high-rolling investors, with a significant volume of trades targeting a price range of $5.0 to $12.0. Despite a split sentiment, the majority of trades are bearish. The company's stock price is currently down -3.72% at $8.02, with analysts setting an average price target of $7.76. SoundHound AI specializes in conversational intelligence and is expected to release its next earnings in 50 days.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm

SOFI

Recent analysis of SoFi Techs (NASDAQ:SOFI) options trading reveals a balanced sentiment among traders, with equal bullish and bearish tendencies. The observed trades suggest a targeted price range of $5.0 to $12.0. Despite the mixed trading sentiment, the current market performance of SOFI shows a slight increase in stock price to $6.93, with potential oversold conditions. Analyst ratings from Piper Sandler and Wedbush indicate a downward revision, setting new price targets at $8 and $3, respectively.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm

DAL

Deep-pocketed investors have shown a bullish sentiment towards Delta Air Lines (NYSE:DAL) options, with a significant portion of activity indicating a price target range of $32.0 to $50.0. The analysis of options activity reveals a mix of bullish and bearish trades, with a majority leaning towards bullish. Notable trades include both puts and calls with varying expiration dates and strike prices. Delta Air Lines, a major airline, is currently trading up 0.46% at $43.94, with an RSI indicating potential overbought conditions. An analyst from UBS has set a price target of $59.0, downgrading the stock to Buy.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 4:16 pm