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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

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market over the past decade, with an annualized return of 27.32%, turning a $100 investment into $1,105.73. The company's market capitalization stands at $155.52 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:00 pm

GBTC

Bitcoin, Ethereum, and Dogecoin experienced pullbacks, with Bitcoin dropping over 8% before a slight recovery. Despite recent declines, Bitcoin has surged about 60% since the end of December 2023. Bank of America's Michael Hartnett suggests current economic conditions favor investments in cryptocurrencies. The Grayscale Bitcoin Trust ETF (GBTC) is highlighted as a way for traders to play Bitcoin's movements. Technical analysis indicates potential for consolidation or further declines for these cryptocurrencies.

Portfolio Pulse from Melanie Schaffer

March 15, 2024 | 6:57 pm

PSX

Phillips 66 (PSX) shares are trading higher following an update from B of A Securities, which maintained a Neutral rating on the stock but increased its price target from $150 to $180.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 6:49 pm

AAPL

F

Apple Inc and Ford Motor Company settled separate fraud allegations on Friday, denying any wrongdoing. Apple agreed to pay $490 million over misleading statements about China sales outlook in 2018, while Ford will pay $365 million for allegedly disguising imported cargo vans to reduce tariffs. Both settlements aim to avoid the costs and distractions of litigation.

Portfolio Pulse from Neil Dennis

March 15, 2024 | 6:43 pm