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RIOT

Riot Blockchain CEO predicts that due to varying power costs and machine efficiency, some miners will become uneconomic, leading to a potential decrease in the network hash rate by at least 5%, with further reductions possible depending on Bitcoin price trends.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:47 pm

MDB

Smart money investors have shown a bullish sentiment on MongoDB (NASDAQ:MDB) through options trading, with 60% of trades being bullish. The targeted price range is $220 to $530. Significant options trades include both bullish and bearish positions with varying strike prices and expiration dates. MongoDB's stock is currently neutral with a price of $363.52. Analyst ratings vary, with a consensus target price of $437.2, but opinions range from Sell to Outperform.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

AI

Investors have shown a bearish stance on C3.ai (NYSE:AI), with options trading indicating a split sentiment of 44% bullish and 55% bearish. A significant volume of options trades, primarily puts, suggests expectations of price movements between $20.0 and $47.5. The largest trades include both bearish and bullish positions, with notable activity in puts. C3.ai, an enterprise AI company, has seen its stock price slightly decrease to $24.96, with indicators suggesting it may be oversold. The company's next earnings are expected in 50 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

COST

Deep-pocketed investors have shown a bearish sentiment towards Costco Wholesale (NASDAQ:COST), with unusual options activity detected. Benzinga's options scanner revealed 30 extraordinary activities, with 70% bearish and 30% bullish sentiment among them. The significant trading range for COST is predicted between $575.0 and $1060.0 over the next three months. The largest options trades include both bullish and bearish positions, with notable trades aiming for various strike prices. Costco's current stock price is up 0.45% at $715.0, with analysts giving mixed ratings but generally leaning towards a positive outlook with a consensus target price of $789.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

BTCUSD

Bitcoin's value has decreased in anticipation of the upcoming inflation data release on Wednesday. This movement reflects market sensitivity to economic indicators that could influence Bitcoin's valuation.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:45 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin fell below $69,000, causing a downturn in the cryptocurrency market with Ethereum and Dogecoin also experiencing significant drops. This led to over $250 million in liquidations in the cryptocurrency derivatives market. Despite the market's volatility, some analysts, like Bob Loukas, remain cautiously optimistic but acknowledge the potential for further corrections.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 6:44 pm

GLD

SLV

Gold and silver prices are on the rise as investors anticipate the upcoming Consumer Price Index (CPI) report on Wednesday. This anticipation suggests that investors are looking towards precious metals as a hedge against potential inflation indicated by the CPI report.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:40 pm

META

Twelve years ago, Facebook (now Meta Platforms Inc, NASDAQ:META) acquired Instagram for $1 billion, a move criticized by many including Jon Stewart for its high cost and Instagram's uncertain future. Despite initial skepticism, Instagram has grown into a key component of Meta's portfolio, contributing to its valuation of over $1 trillion. The acquisition, once mocked for its perceived overvaluation, is now considered one of the best technology-related acquisitions of all time.

Portfolio Pulse from Chris Katje

April 09, 2024 | 6:33 pm

MMM

Financial analysts have observed a mix of bullish and bearish options trading activity on 3M (NYSE:MMM), with an equal split between bullish and bearish sentiments. The trading activity suggests a predicted price range of $50.0 to $95.0 for 3M in the coming three months. Notable options activity includes both calls and puts with varying sentiments and strike prices. 3M, a multinational conglomerate, has seen its stock price increase by 1.12%, with a current price of $92.96. Analysts have set an average price target of $98.8, with ratings ranging from Overweight to Underperform. The next earnings report is expected in 21 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:31 pm

DKNG

FLUT

NCAA President Charlie Baker criticized college prop betting, particularly highlighting the focus on Caitlin Clark's performance, as problematic. DraftKings Inc. (DKNG) shares dropped, while Flutter Entertainment PLC (FLUT), FanDuel's parent company, saw a rise in its stock. Baker's concerns include the potential for harassment of student-athletes by bettors and the risk of fixed bets compromising game integrity. Despite these issues, companies like DraftKings and FanDuel continue to see financial growth.

Portfolio Pulse from Anthony Noto

April 09, 2024 | 6:27 pm