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Whales have shown a bullish stance on CF Industries Holdings (NYSE:CF), with 55% of detected trades being bullish and 45% bearish. The trading activity suggests a target price range of $71.0 to $87.5. Notable options activity includes both bullish and bearish sentiments, with a mix of puts and calls. CF Industries, a leading nitrogen producer, benefits from low-cost U.S. natural gas, making it one of the lowest-cost producers globally. The stock is currently neutral with a recent price up 2.77% to $82.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:16 pm

Financial analysis of Energy Transfer (NYSE:ET) options market reveals a bearish sentiment among traders, with 62% showing bearish tendencies and 37% bullish. The analysis highlighted unusual trades, including 3 puts and 5 calls, aiming for a price range of $12.0 to $20.0. The current market status shows ET trading at $15.85, with a volume of 7,473,081 and an RSI suggesting it may be approaching overbought territory. The anticipated earnings release is in 29 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:16 pm

DKNG

Recent options market activity indicates a bullish sentiment towards DraftKings (NASDAQ:DKNG), with 68% of investors showing bullish expectations. The options trading focused on a price range between $30.0 and $55.0. DraftKings, a leader in online sports and casino gambling, is currently live with online sports betting in 24 states and iGaming in seven states. The stock is slightly down at $45.39 with an RSI indicating it may be approaching overbought. Analyst ratings have a consensus target price of $54.8, with varying opinions on the stock's future performance.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:15 pm

AMZN

MSFT

TSM

Microsoft Corp (NASDAQ:MSFT) announced a $2.9 billion investment in Japanese data centers by 2025 to boost AI and cybersecurity, coinciding with Prime Minister Kishida's US visit. This move aligns with Tokyo's AI ambitions and positions Microsoft as a key cloud services provider, second to Amazon.Com Inc (NASDAQ:AMZN). Additionally, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plans to source 60% of materials locally for its Japanese chip facility by 2030, with significant Japanese government investment. AWS also commits $15.5 billion to Japanese operations from 2023 to 2027.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 6:07 pm

JETS

MAGS

SMH

TLT

Investors are awaiting March inflation data from the Bureau of Labor Statistics, with expectations of a rise in the CPI inflation rate to 3.4% from 3.2%, and a slight decrease in core inflation from 3.8% to 3.7%. Wells Fargo predicts higher rates, while Bank of America expects more subdued inflation, potentially influencing the Fed's rate cut decision in June. February's CPI data caused volatility in ETFs, with some surging and others falling in response.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 6:01 pm

Reliance (NYSE:RS) has seen a 24.22% increase in short interest since its last report, with 866 thousand shares sold short, representing 2.0% of its float. This indicates a bearish market sentiment towards RS, although it has less short interest compared to its peers' average of 6.01%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

OWL

Blue Owl Capital (NYSE:OWL) has seen a 19.57% decrease in short interest, now at 17.39 million shares or 4.81% of float, taking 4.21 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards OWL, despite it having higher short interest than its peer group average of 2.61%.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

ONTO

Onto Innovation's (NYSE:ONTO) short interest has decreased by 6.62%, now standing at 1.34 million shares or 3.81% of its float. This decline suggests a more bullish sentiment among investors compared to its peers, with the peer group average at 7.07%. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

AVB

AvalonBay Communities (NYSE:AVB) received mixed analyst ratings in the latest quarter, with 9 analysts offering their perspectives. The average 12-month price target for AVB has been adjusted to $196.06, up 1.15% from the previous $193.83. Analyst actions varied, with some maintaining their ratings, while others raised or lowered their price targets. AvalonBay's financial performance is strong, with a notable revenue growth rate of 5.23% and a high net margin of 34.1%. The company's market capitalization, revenue growth, net margin, ROE, ROA, and debt management indicate a robust financial health and operational efficiency.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

CSCO

DIA

FCX

MRNA

NVDA

QQQ

SPY

Stocks fell ahead of key inflation data, with the S&P 500, Dow, and Nasdaq showing declines. Treasury yields dipped as bond demand rose, and gold prices reached new highs. Bitcoin saw a significant drop. Key ETFs like SPY, DIA, and QQQ moved lower, while specific stocks like NVDA, CSCO, MRNA, MP, and FCX experienced notable price movements due to various factors including analyst ratings and study results.

Portfolio Pulse from Piero Cingari

April 09, 2024 | 5:53 pm