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FCX

Freeport-McMoRan's stock (FCX) is trading higher following an upgrade by Argus Research, which maintained a Buy rating and increased the price target from $44 to $54.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:40 pm

VALE

Vale shares are trading lower following the release of their Q1 earnings report.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:39 pm

PARA

Paramount Global and Skydance Media are nearing a merger, with a deal potentially closing in May. The merger involves valuing Skydance at around $5 billion and merging it with Paramount Global. David Ellison is set to become CEO, and Jeff Shell as president, replacing current CEO Bob Bakish. A significant hurdle remains with Paramount's carriage renewal with Charter Communications, which could impact the deal's value. Additionally, Apollo and Sony have shown interest in buying out Paramount Global shareholders, but the special committee favors Skydance's offer for its future upside and cleaner balance sheet. Paramount's reliance on traditional TV and upcoming earnings report add complexity to the negotiations.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:39 pm

RDY

Dr. Reddy's Laboratories (RDY) shares are trading higher after announcing a joint venture with Nestle India to bring health science nutraceutical brands to consumers in India and other territories.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:37 pm

BNTX

PFE

Pfizer and BioNTech shares are trading lower following reports that GSK is suing them for patent infringement related to the mRNA technology used in their COVID-19 vaccines.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:34 pm

RTX

Financial analysis of RTX's options market reveals a bearish sentiment among investors, with 64% showing bearish tendencies and 28% bullish. Significant trading activity targets a price range of $80 to $120. Recent trades include both puts and calls, with notable bearish and neutral sentiments. RTX, a major aerospace and defense company, has seen its stock price increase by 0.76% to $101.79. Analysts have mixed ratings on RTX, with an average target price of $111.8. The next earnings report is expected in 89 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has seen unusual options activity, with a mix of bullish and bearish trades. Analysis of 43 trades shows 41% bullish and 51% bearish sentiment. Significant trades range in strike prices from $100 to $500, indicating varied expectations for CRWD's future price. The company, a leader in cloud-based cybersecurity, has a current stock price of $298.08, with analysts setting an average target price of $392. Recent analyst ratings include Overweight and Buy, with price targets ranging from $376 to $400. The next earnings report is expected in 34 days.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm

EW

Financial analysts have observed a bullish trend in Edwards Lifesciences's (NYSE:EW) options trading, with a mix of bullish and bearish sentiments among traders. The analysis highlighted a price target range of $82.5 to $97.5 based on recent options activity. Edwards Lifesciences, a leader in heart disease medical devices, is currently trading at $88.25, slightly down with potential oversold indications. Analysts from Mizuho, Evercore ISI Group, Citigroup, and RBC Capital have provided target prices ranging from $92 to $105, reflecting a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 7:33 pm

BNO

USO

Oil prices have increased even though the US GDP has fallen. This rise is attributed to a reported decrease in US crude inventories by the EIA on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:32 pm

MAG

MAG Silver's stock price increased following HC Wainwright's decision to maintain a Buy rating and raise its price target from $16 to $17.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:30 pm