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ADAUSD

Cardano's (CRYPTO: ADA) price has risen 3.06% to $0.25 in the past 24 hours, despite a negative trend over the past week with a 4.0% loss. The trading volume for the coin has increased 36.0% over the past week, while the overall circulating supply has decreased 0.17%. The current market cap ranking for ADA is #8 at $8.66 billion.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

NTRS

Northern Trust (NASDAQ:NTRS) has received one somewhat bullish and three indifferent analyst ratings in the last quarter. The company's average 12-month price target is $89.0, a decrease of 5.82% from the previous average of $94.50. Analyst ratings are typically derived from company conference calls, financial statements, and insider conversations.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 7:00 pm

BP

BP plc's shares are trading higher after OPEC maintained its growth forecasts and predicted a supply shortfall. This suggests that global oil supply may be constrained relative to demand, leading to an increase in oil prices. BP, as a major oil and gas company, can benefit from higher oil prices as it can sell its oil and gas products at higher prices, potentially boosting its revenues and profits. Global oil markets are anticipated to face a significant supply deficit exceeding 3 million barrels per day in the next quarter, possibly the largest in over a decade.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 7:00 pm

SLRN

Acelyrin Inc's lead program, izokibep, failed to meet the primary endpoint in a Phase 2b/3 trial for Hidradenitis Suppurativa (HS). Despite this, HC Wainwright analyst Emily Bodnar remains optimistic about the second Phase 3 study and potential Psoriatic Arthritis (PsA) data in 1Q24. The analyst lowered the price target from $44 to $30 but maintained a Buy rating. Acelyrin's shares are down 56.90%.

Portfolio Pulse from Vandana Singh

September 12, 2023 | 6:57 pm

OXY

Shares of Occidental Petroleum Corp (OXY) are trading higher by 4% due to OPEC maintaining its growth forecasts and predicting a supply shortfall. This is mainly due to Saudi Arabia's extension of production cuts, leading to a significant supply deficit exceeding 3 million barrels per day in the next quarter. OXY has a 52-week high of $76.11 and a 52-week low of $55.51.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 6:56 pm

XOM

Exxon Mobil Corp's shares are trading higher after OPEC maintained its growth forecasts and predicted a supply shortfall. This is mainly due to Saudi Arabia's extension of production cuts. OPEC's forecasts indicate a sharp drop in world oil inventories, potentially the largest since 2007.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 6:52 pm

ORCL

Oracle Corp (ORCL) reported Q1 revenue of $12.45 billion, up 9% YoY, and adjusted EPS of $1.19, beating estimates. However, the company's Q2 growth outlook was lower at 3-5%. Analysts from Piper Sandler, Wolfe, Mizuho, William Blair, JMP, Goldman Sachs, and BofA weighed in on the company's performance and future prospects. Despite some concerns about near-term growth, analysts generally remain positive about Oracle's long-term prospects, particularly in the cloud sector.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 6:52 pm

LSDI

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) is acquiring e-commerce platform BlueSky Wellness Inc. and High Times Holding's IP. The BlueSky deal involves 3.5 million shares of Lucy's stock plus annual earn-out payments. The acquisitions are expected to add a minimum of $22.1 million in revenue and $7.38 million in EBITDA in the first year. BlueSky's e-commerce brands have generated over $14.7 million yearly.

Portfolio Pulse from Lara Goldstein

September 12, 2023 | 6:50 pm

TSLA

Tesla's venture into supercomputing with their Dojo supercomputer has led Morgan Stanley analysts to predict a $600 billion increase in the company's market value. This news resulted in a 10% increase in Tesla's stock in a single day. Morgan Stanley upgraded their stock rating from 'equal-weight' to 'overweight' and set a target for the company's shares within the next 12-18 months, increasing the target by 60% to $400.

Portfolio Pulse from Zaheer Anwari

September 12, 2023 | 6:48 pm

V

A significant amount of bearish options activity has been observed for Visa (NYSE:V), with 54% of investors opening trades with bearish expectations. The total amount for puts is $715,855 and for calls is $130,580. Whales have been targeting a price range from $210.0 to $280.0 for Visa over the last 3 months. JP Morgan maintains an Overweight rating on Visa with a price target of $296, while Mizuho and Wedbush have downgraded their actions to Neutral and Outperform with price targets of $255 and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 6:46 pm