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GE

Recent options trading activity for General Electric (NYSE:GE) indicates a bearish sentiment among significant investors, with a split of 36% bullish and 63% bearish. Benzinga's options scanner revealed 11 unusual trades, with a mix of puts and calls aiming for a price range of $130.0 to $195.0 over the next three months. The current market standing of GE shows a slight increase in stock price to $169.01, with potential overbought conditions and an upcoming earnings release in 36 days.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

BTOG

MSTR

In Monday's intraday session, several Information Technology stocks experienced significant movements. Notable gainers included Bit Origin, Airship AI Holdings, AuthID, Mercurity Fintech Holding, AEye, and Sequans Communications, with increases ranging from 13.33% to 17.1%. On the downside, Luna Innovations, MicroStrategy, SMX (Security Matters), MicroCloud Hologram, Data Storage, and MMTEC saw declines between 11.82% and 17.4%. These movements reflect notable volatility within the IT sector, impacting the market value of these companies.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

UNH

UnitedHealth Group (NYSE:UNH) has seen significant options trading activity, with a mix of bullish and bearish sentiments among big-money investors. The options trades have targeted a price range of $470.0 to $640.0 for UNH over the last 3 months. The company, a major health insurer and healthcare services provider, has its stock price slightly up at $492.42, with next earnings expected in 29 days. The options activity could indicate insider knowledge or speculation on future price movements.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:31 pm

UNH

UnitedHealth Group (NYSE:UNH) has significantly outperformed the market with an average annual return of 23.3% over the past 15 years, turning a $1000 investment into $22,173.70 today. The company's market capitalization stands at $450.76 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:30 pm

GE

Over the past 5 years, General Electric (NYSE:GE) has produced an average annual return of 22.25%, outperforming the market by 9.29% on an annualized basis. A $1000 investment in GE 5 years ago would now be worth $2,653.29, showcasing the impact of compounded returns on cash growth. GE's market capitalization currently stands at $184.77 billion.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:30 pm

SHC

Sotera Health saw significant options activity with a sweep of 715 calls for May 17 at $15, priced near the ask at $0.897, against an open interest of 27. This activity comes ahead of their earnings report estimated on May 1, with the reference stock price at $14.335.

Portfolio Pulse from Charles Gross

March 18, 2024 | 5:27 pm

AMZN

CHAT

MSFT

NVDA

AI stocks rally ahead of Nvidia's GTC event, with the Roundhill Generative AI & Technology ETF (CHAT) and NVIDIA Corp. (NVDA) seeing significant attention. Bank of America raises Nvidia's price target to $1,100, citing AI's potential to transform global computing infrastructure. Goldman Sachs outlines the next AI growth phases, highlighting companies like Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL/GOOG), Broadcom (AVGO), TSMC (TSM), AMD (AMD), Palo Alto Networks (PANW), CrowdStrike (CRWD), NextEra Energy (NEE), Meta Platforms (META), MongoDB (MDB), Intuit (INTU), and ServiceNow (NOW) as key players in AI infrastructure and services.

Portfolio Pulse from Piero Cingari

March 18, 2024 | 5:27 pm

DE

Deep-pocketed investors have shown a bullish sentiment towards Deere (NYSE:DE), with a significant move in options trading. Benzinga's tracking revealed 13 extraordinary options activities, with a bullish majority of 53% and a bearish minority of 46%. The options trading suggests a price target window for Deere between $200.0 and $430.0. The largest trades include both bullish and bearish sentiments across various expiration dates and strike prices. Deere, a leading agricultural equipment manufacturer, has seen its stock price slightly increase by 0.16% to $384.0. Market experts have issued ratings with a consensus target price of $440.5.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:15 pm

MBLY

Mobileye Global Inc (NASDAQ:MBLY) shares rose by 4.36% after announcing the shutdown of its aftermarket solutions unit, which retrofits advanced driver assistance technology. The decision came following a review of the unit's business prospects and investment needs, amidst declining demand due to automakers integrating ADAS solutions into new vehicles. This division, generating about $40 million annually, has not contributed positively to Mobileye's profitability. The company plans to focus on more advanced driver assist technologies and autonomous driving, supporting around 130 affected employees. The shutdown is not expected to materially impact Mobileye's 2024 results.

Portfolio Pulse from Shivani Kumaresan

March 18, 2024 | 5:06 pm

TERN

Terns Pharmaceuticals' stock trades lower as JMP Securities maintains an Outperform rating but reduces the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 5:05 pm