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ISRG

Financial giants have shown a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG) through recent options trading, with 57% bearish trades. The trading activity suggests a target price range of $330 to $480. The largest trades include both bearish calls and bullish puts, indicating mixed expectations. Intuitive Surgical, known for its da Vinci surgical systems, has seen a slight stock price increase to $380.88. Analysts from Stifel and Citigroup have set price targets of $420 and $462, respectively, reflecting a positive outlook despite the bearish options activity.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:45 pm

FTNT

Investors have shown a bearish stance on Fortinet (NASDAQ:FTNT), with options market activity indicating a split sentiment of 36% bullish and 63% bearish. Benzinga's options scanner revealed 11 unusual trades, with a notable volume targeting a price range of $60.0 to $80.0 for FTNT. The company, a major cybersecurity vendor, is currently trading at $69.75, with an anticipated earnings release in 27 days. Analyst ratings in the last 30 days have set an average price target of $80.0 for Fortinet.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:45 pm

LOW

Investors have shown a bullish stance on Lowe's Companies (NYSE:LOW), with options trading indicating a target price range of $230.0 to $270.0. The sentiment among big-money traders is 66% bullish, based on 9 uncommon options trades. The largest trades include both puts and calls, with a notable volume and open interest in options within the specified price range. Lowe's is the second-largest home improvement retailer in the U.S., with a current stock price of $237.88. Analyst ratings vary, with a consensus target price of $248.2, but recent adjustments include a downgrade to Hold by Gordon Haskett with a target of $245.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:45 pm

SG

Sweetgreen's stock price increased following Oppenheimer's decision to maintain an Outperform rating and raise its price target from $17 to $34.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:43 pm

CYTK

Cytokinetics shares surged following the announcement of additional 48-week data from its FOREST-HCM study, set to be presented at the Annual American College of Cardiology Scientific Session from April 6-8.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:38 pm

BRK

PFE

TSM

Redditors from the r/ValueInvesting community have identified TSMC, Pfizer, and Berkshire Hathaway as the top 3 value stock picks. TSMC is highlighted for its solid financials and growth in the semiconductor industry, Pfizer for its strong fundamentals in healthcare, and Berkshire Hathaway for its diversified portfolio and value investing principles. Each company's stock trades below its sector's median forward P/E, indicating potential undervaluation.

Portfolio Pulse from Surbhi Jain

April 05, 2024 | 6:32 pm

DJT

Trump Media & Technology Group's shares are trading lower following its Nasdaq debut, amid calls by Democrats for an inquiry into alleged influence peddling.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 6:31 pm

NOW

ServiceNow (NYSE:NOW) has seen a 7.43% increase in short interest since its last report, with 3.24 million shares sold short, representing 1.59% of its float. The current short interest suggests a bearish sentiment among investors, though it's lower than the peer group average of 4.34%. The article highlights the importance of tracking short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

GLBE

Global E Online (NYSE:GLBE) has seen a 27.43% increase in short interest since its last report, with 7.33 million shares sold short, representing 6.69% of its float. It would take approximately 5.59 days for traders to cover these short positions. Short interest is a key indicator of market sentiment, and an increase suggests a more bearish outlook. However, compared to its peers, GLBE has a lower short interest percentage of 6.69% versus the peer group average of 8.82%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm

LITE

Lumentum Holdings (NYSE:LITE) has seen a decrease in short interest, with 10.06 million shares sold short, representing 19.03% of its float. This is a decline of 4.28% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook, as it takes traders approximately 6.51 days to cover their short positions. Lumentum's short interest is significantly higher than its peer group average of 8.09%, highlighting its unique position in the market.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:30 pm