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ACGL

Arch Capital Group (NYSE:ACGL) has seen a 9.18% increase in short interest since its last report, with 3.41 million shares sold short, representing 1.07% of its float. The short interest now takes approximately 2.04 days to cover. This rise in short interest indicates a more bearish market sentiment towards ACGL, although it has less short interest compared to its peer group average of 1.90%. The increase in short interest can be a complex indicator, potentially bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:45 pm

DFS

Discover Financial Services (NYSE:DFS) has seen a 9.93% decrease in short interest, now at 2.90 million shares or 1.36% of float, with a cover time of 1.84 days. This decline in short interest could indicate a more bullish sentiment towards DFS compared to its peers, where the average short interest is 5.67% of float.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:45 pm

BTCUSD

ETHUSD

Bitcoin sentiment remains bullish with investors betting on prices reaching $100K-$150K, despite recent volatility. QCP Capital's report highlights increased buying activity for Bitcoin put options and long-dated calls, indicating a return of investor greed. Conversely, Ethereum shows signs of investor nervousness with negative perpetual funding rates and a downside skew in risk reversals. QCP also introduces a 'Fear + Greed' trade idea for Bitcoin, offering a fixed weekly coupon and downside protection.

Portfolio Pulse from Murtuza Merchant

March 18, 2024 | 4:41 pm

X

U.S. Steel (NYSE:X) forecasts Q1 EPS of $0.80-$0.84, below the consensus of $0.89, with adjusted EBITDA around $425 million. The company expects improvements in its Flat-Rolled and Mini Mill segments, while anticipating a decline in the Tubular segment. The merger with Nippon Steel is highlighted as a strategic move towards becoming the 'Best Steelmaker'. Last quarter, U.S. Steel exceeded earnings expectations, and its shares saw a slight increase.

Portfolio Pulse from Lekha Gupta

March 18, 2024 | 4:40 pm

DOGZ

Trading of Dogness (International) Corporation shares (DOGZ) has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:37 pm

NRG

NRG Energy's stock is trading higher following Evercore ISI Group's decision to maintain an In-Line rating while increasing the price target from $55 to $65.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:36 pm

RIVN

Rivian's stock price increased following the announcement that its vehicles will now be compatible with the Tesla supercharger network. This development is expected to enhance the appeal of Rivian's electric vehicles by providing access to Tesla's extensive charging infrastructure.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:36 pm

DKNG

MGM

Shares of sports betting-related stocks, including DraftKings Inc. (DKNG) and MGM Resorts International (MGM), are trading higher, potentially due to anticipation of the 2024 NCAA tournament.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:34 pm

LRCX

Recent options trading activity indicates a bearish stance on Lam Research (LRCX) by market whales, with 65% of detected trades being bearish. The trading range for LRCX options spans from $510 to $1480. Notably, a significant PUT option trade was observed with a strike price of $825 and an expiration date of 09/20/24, totaling $463K. Conversely, a notable CALL option with bullish sentiment had a strike price of $930, expiring on 04/19/24, and amounted to $180K. Lam Research, a leading semiconductor equipment manufacturer, is currently trading at $929.03, up 2.08%, with an RSI indicating it may be approaching overbought territory. Analyst ratings have a consensus target price of $957.5, with UBS maintaining a Buy rating at a target of $1130, while Cantor Fitzgerald downgraded to Neutral with a target of $900.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:31 pm

RIOT

Deep-pocketed investors have shown a bullish sentiment towards Riot Platforms (NASDAQ:RIOT), with a significant move in options trading detected by Benzinga. The activity includes 13 extraordinary options activities, with a lean towards bullish sentiment (53%) over bearish (46%). Notable options activity includes both calls and puts with strike prices ranging from $10.0 to $40.0. Riot Platforms, a Bitcoin mining company, has seen its stock price decrease by -1.21%, with an average analyst price target of $19.6. The next earnings report is expected in 51 days.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:31 pm