Streetbeat News

Stock Prices

MU

Micron Technology's stock is trading higher following Mizuho's reiteration of a Buy rating and an increase in the price target from $124 to $130.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:33 pm

DHI

Stephanie Link announced live on CNBC that she has purchased shares of D.R. Horton (DHI), indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:32 pm

FCX

On CNBC, Stephanie Link announced her purchase of Freeport-McMoRan (FCX) shares, indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:31 pm

W

Wayfair's stock price increased following Morgan Stanley's reiteration of an Overweight rating and maintenance of its $80 price target.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:31 pm

SQ

Recent analysis of options trading for Block (NYSE:SQ) reveals a mixed sentiment among investors, with a nearly even split between bullish and bearish positions. Significant trading activity suggests expectations for Block's stock price to range between $45.0 and $130.0 in the coming months. Notable trades include a mix of calls and puts with varying sentiments and expiration dates. Block, known for its payment services and Cash App, has seen its stock price increase by 2.83% to $84.95, with analysts maintaining a positive outlook and setting target prices between $86 and $100.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:31 pm

TFC

Recent analysis of Truist Finl (NYSE:TFC) options trading shows a bearish trend among financial giants, with 54% displaying bearish tendencies and 45% bullish. The analysis highlighted 11 unusual trades, including 9 puts and 2 calls, with a focus on a price range of $35.0 to $40.0 for TFC over the last 3 months. The largest trades included both bullish and bearish sentiments, with significant open interest and volume in options within the $35.0 to $40.0 strike price range. Truist Finl, a regional bank resulting from the merger of BB&T and SunTrust, has seen its stock price increase by 0.72% to $37.87, with an RSI indicating it may be approaching overbought territory. An earnings announcement is expected in 27 days, and an analyst from Stephens & Co. has set a price target of $43.0, upgrading the stock to Overweight.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:30 pm

MMM

Stephanie Link announced live on CNBC that she has purchased shares of 3M Company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:30 pm

TSCO

Tractor Supply (NASDAQ:TSCO) has outperformed the market with an annualized return of 21.45% over the past 5 years, growing a $100 investment to $263.52. The company's market capitalization stands at $27.92 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:30 pm

FAST

Over the past decade, Fastenal (NASDAQ:FAST) has exceeded market performance with an annualized return of 11.94%, turning a $100 investment into $312.29 today. Fastenal's market cap stands at $44.08 billion, highlighting the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:30 pm

CMDY

GLD

Bank of America's commodities strategist, Francisco Blanch, predicts a bright future for commodities, citing reasons like thin inventories, ample spare capacity, sticky inflation, and a shift towards clean energy. The iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is experiencing its strongest month since July 2023 after hitting a 2-year low in February 2024. Additionally, geopolitical tensions and a strategic shift towards gold reserves by emerging market economies are driving a resurgence in gold, with the SPDR Gold Trust (GLD) ETF seeing a rally despite conservative investor positioning.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 4:29 pm