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The Market Clubhouse Morning Memo for March 12th, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, predicting potential breakouts or reversals. The memo emphasizes the importance of the CPI data release and the Treasury's 10-Year Note Auction results on the Federal Reserve's rate decision. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.

Portfolio Pulse from RIPS

March 12, 2024 | 3:16 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has seen unusual options activity, with a bearish sentiment prevailing among deep-pocketed investors. Benzinga's tracking revealed 69 extraordinary options activities, with a price target range from $150.0 to $320.0. The market sentiment is divided, but leans more towards bearish with 63% of the activities. Notable options activity includes both calls and puts with varying sentiments and strike prices. AMD's current market performance shows a 1.14% increase in price at $200.65, with analysts giving mixed reviews and price targets ranging from $190 to $265.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:16 pm

TSM

Recent options activity for Taiwan Semiconductor (NYSE:TSM) shows a bearish sentiment among investors, with a notable volume of trades focusing on a price range between $100.0 and $160.0. The analysis of options trading volume and open interest highlights significant liquidity and interest in TSM's options. The company, a leading chip foundry with a substantial market share, is currently experiencing a stock price increase and is approaching an overbought condition according to RSI readings. Analysts from Susquehanna and Bernstein have given positive ratings with target prices of $160 and $150, respectively.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:15 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is set to allow developers in the European Union to distribute iOS apps directly from their websites, a significant policy change. This new distribution method, available through a forthcoming software update, requires developers to adhere to Apple's strict app development and notarization rules. The move aligns with the EU's Digital Markets Act and is part of Apple's efforts to support alternative app stores in the region. Apple's stock was slightly up following the announcement.

Portfolio Pulse from Rounak Jain

March 12, 2024 | 3:11 pm

LNC

PRI

Primerica (NYSE:PRI) announces a dividend payout of $0.75 per share with an annualized yield of 1.29%. The company has shown a positive trend in dividend per share from $1.60 in 2020 to $2.60 in 2023 and an increase in earnings per share from $9.49 in 2020 to $15.25 in 2023, indicating strong financial health. Lincoln National (NYSE:LNC) leads the industry with a 6.62% dividend yield.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:05 pm

BGFV

TSCO

Tractor Supply (NASDAQ:TSCO) announces a dividend payout of $1.10 per share with an annualized yield of 1.91%, marking a consistent increase in dividends from $1.50 in 2020 to $4.12 in 2023. The company's earnings per share also grew from $6.44 in 2020 to $10.24 in 2023, indicating strong financial health and potential for future dividend growth. Big 5 Sporting Goods (NASDAQ:BGFV) leads in dividend yield among industry peers with 17.67%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:05 pm

GHI

RDN

Radian Group (NYSE:RDN) is distributing a dividend of $0.24 per share today, with an annualized yield of 3.51%. The company has shown a consistent increase in dividends per share from $0.50 in 2020 to $0.90 in 2023, alongside earnings growth from $1.89 to $3.98 per share over the same period. This trend underscores Radian Group's strong financial health and commitment to enhancing shareholder value. The dividend yield is mid-range compared to industry peers, with Greystone Housing Impact (NYSE:GHI) having the highest yield at 8.82%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:05 pm

LOB

NYCB

Live Oak Bancshares (NYSE:LOB) announced a dividend payout of $0.03 per share with an annualized yield of 0.30%, going ex-dividend on February 26, 2024. Despite a consistent dividend per share since 2020, the company's earnings per share have grown from $0.88 in 2020 to $1.32 in 2023, indicating financial health and potential for future dividend increases. However, its dividend yield is lower compared to industry peers like New York Community (NYSE:NYCB), which has a yield of 6.15%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:05 pm

IEP

MMM

3M (NYSE:MMM) announced a dividend payout of $1.51 per share with an annualized yield of 6.51%, payable on March 12, 2024, to shareholders of record as of February 16, 2024. The company has shown a positive trend in dividend growth from $5.88 in 2020 to $6.00 in 2023, alongside an increase in earnings per share from $8.52 to $9.10 over the same period. This suggests a strong financial health and a commitment to returning value to shareholders. 3M's dividend yield is in the middle range when compared to its industry peers, with Icahn Enterprises (NASDAQ:IEP) having the highest yield at 22.98%.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:05 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a significant price increase of 15.96% in the last 24 hours, reaching $3.62. Over the past week, its price has risen over 37%, from $2.69. The coin's all-time high is $5.29. Its trading volume surged by 263% over the week, with a slight increase in circulating supply to 3.47 billion. Toncoin's market cap is now ranked #14 at $12.84 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 3:03 pm