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BLK

KR

WMT

Rick Rieder of BlackRock Inc (NYSE:BLK) is optimistic about the U.S. economy, predicting 4% nominal GDP growth this year, exceeding previous expectations. Despite high federal funds rates, Rieder expects rate cuts starting mid-year. He notes strong consumer spending, particularly in services, despite concerns from big retailers like Walmart (NYSE:WMT) and Kroger (NYSE:KR). Rieder manages BlackRock's $2.6 trillion global fixed-income portfolio.

Portfolio Pulse from Natan Ponieman

February 15, 2024 | 8:11 pm

MSFT

NVDA

SPRX

TSLA

The Spear Alpha ETF (SPRX) has emerged as the top-performing AI-focused ETF of the year, with a notable increase of over 17% since January 1st. This surge is attributed to the growing investor interest in AI technologies, spurred by the rapid adoption of OpenAI's ChatGPT. NVIDIA (NVDA) stands out as a key player in the AI space, with its specialized chips driving AI model functionality, leading to a stock increase of over 220% on the year. Other notable mentions include Microsoft (MSFT) and Tesla (TSLA) for their significant contributions to AI development.

Portfolio Pulse from Johnny Rice

February 15, 2024 | 8:09 pm

MCD

Financial analysis reveals a bearish sentiment among traders towards McDonald's (NYSE:MCD), with 64% of options trades showing bearish tendencies. Notable options activity includes both calls and puts with a focus on strike prices between $280.0 and $310.0. Despite this, McDonald's remains a strong player in the restaurant industry, with system sales of $130 billion and a current stock price of $291.07, up by 1.01%. Analysts have given McDonald's an average target price of $332.0, with ratings ranging from Buy to Outperform.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:01 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has seen significant options market activity, with a bearish sentiment among big-money investors. Benzinga's options scanner revealed 49 unusual trades, with a split sentiment of 36% bullish and 63% bearish. The trades aim for a price range of $90 to $190 in the next three months. Current trading volume is 3,439,093, with a 2.8% price increase to $135.3. Analyst ratings in the last month have an average target price of $120.8, with varying recommendations.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:01 pm

COIN

SARK

TARK

Coinbase Global, Inc (NASDAQ:COIN) is anticipated to release its Q4 financial results, with analysts expecting earnings of 2 cents per share on revenues of $823.85 million. JPMorgan upgraded Coinbase to Neutral with an $80 price target. Investors are keen on Coinbase's Bitcoin and Ethereum trading revenue. For diversified investment, TARK ETF, which includes Coinbase as a top holding, and SARK ETF for bearish positions are options. Technical analysis suggests a mildly bullish outlook for Coinbase but indicates a potential need for a pullback.

Portfolio Pulse from Melanie Schaffer

February 15, 2024 | 7:54 pm

GPRO

GoPro's (NYSE:GPRO) short interest has increased by 6.46% since the last report, with 7.16 million shares sold short, representing 5.77% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. GoPro's short interest is higher than its peer group average of 2.07%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:45 pm

NKLA

Nikola Corporation's (NYSE:NKLA) short interest has increased by 13.81% since the last report, with 217.46 million shares sold short, representing 19.53% of its float. This indicates a bearish market sentiment towards NKLA, although it doesn't necessarily predict a price drop. Nikola's short interest is significantly higher than its peer group average of 4.31%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:45 pm

EQT

EQT Corporation's (NYSE:EQT) short interest has decreased by 4.59%, now standing at 14.09 million shares or 4.37% of its float. This decline suggests a more bullish sentiment among investors compared to the last report. With a trading volume that would require approximately 2.86 days to cover short positions, EQT's short interest is below its peer group average of 6.30%, indicating less bearish sentiment towards EQT compared to its peers.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:45 pm

AMZN

NVDA

Josh Brown of Ritholtz Wealth Management suggests the market, particularly the Nasdaq 100, may have reached its peak for the year, citing frenzied buying in stocks like Nvidia (NVDA) as evidence. He notes the Nasdaq 100's over 50% gain in 2023 and its strong start in 2024, driven by AI optimism and operational efficiency. Brown highlights the excessive trading of Nvidia stock, calling it an 'algorithm casino' and a 'freak show', indicative of a market top. He also mentions significant stock movements in other mega-cap tech companies and notable actions by figures like Jeff Bezos and Sam Altman as contributing factors to his view.

Portfolio Pulse from Adam Eckert

February 15, 2024 | 7:43 pm

STLA

Stellantis has announced a €3 billion share repurchase program, with plans to buy back shares until December 31, 2024. The repurchases will occur on the NYSE, Euronext Milan, Euronext Paris, and other multilateral trading facilities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:43 pm