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WMB

Financial analysis of Williams Companies (NYSE:WMB) options trading reveals a balanced sentiment with 50% bullish and 50% bearish trades. Major trades include 6 puts valued at $275,070 and 2 calls worth $90,178, focusing on a price range of $33.0 to $42.0. The company, a midstream energy operator, saw its stock price slightly decrease by -0.41% to $38.05, with an RSI indicating potential overbought conditions. An analyst from Truist Securities maintains a Hold rating with a target price of $40.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:46 pm

AMKBY

BOAT

CCL

F

GM

GOGL

RCL

SBLK

The collapse of the Francis Scott Key Bridge in Baltimore, caused by the container ship Dali operated by Synergy Group and chartered by AP Moller Maersk (OTC:AMKBY), has significant implications for global trade, particularly affecting shipping routes and supply chains. Baltimore, a crucial U.S. port, has suspended vessel traffic, impacting the automobile industry and shipping lines. Shares of Maersk were down nearly 6%, while the SonicShares Global Shipping ETF (NYSE:BOAT) and stocks of companies within it, such as Golden Ocean Group Ltd (NASDAQ:GOGL) and Star Bulk Carriers Corp (NASDAQ:SBLK), also saw declines. Conversely, shares of U.S. carmakers General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F), and cruise lines Carnival Corp (NYSE:CCL) and Royal Caribbean Cruises Ltd (NYSE:RCL), were trading higher.

Portfolio Pulse from Neil Dennis

March 26, 2024 | 3:32 pm

WFC

Wells Fargo (NYSE:WFC) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 29 trades reveals a split sentiment: 44% bullish and 55% bearish. The focus is on a price band between $52.5 and $62.5. The largest options trades include both bearish and neutral sentiments, with expiration dates ranging from 2024 to 2025. Wells Fargo, a major US bank with $1.9 trillion in assets, shows a slight stock price increase and an upcoming earnings announcement.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:31 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen a significant amount of options activity, indicating a bearish stance by big-money investors. Benzinga's options scanner revealed 191 unusual trades, with a sentiment split of 29% bullish and 70% bearish. The trades suggest a price target range of $800 to $2100 for AVGO over the next three months. Notable options activity includes both calls and puts with various expiration dates and strike prices. Broadcom, a major player in the semiconductor and software industries, has seen its stock price increase by 0.99% to $1364.96. Market experts have issued ratings with a consensus target price of $1570.0.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:30 pm

COST

Recent options trading activity for Costco Wholesale (NASDAQ:COST) shows a bearish sentiment among investors, with 63% of trades being bearish. The trading volume and open interest suggest a target price range of $685.0 to $800.0. Costco's current trading position is slightly down by -0.13% at $730.0, with a neutral RSI indicator. Analysts have issued a consensus target price of $794.0, with ratings ranging from Buy to Equal-Weight. The company operates a successful membership-based retail model, dominating the U.S. warehouse club industry.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:30 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market with an average annual return of 36.87% over the past 10 years, turning a $100 investment into $2,299.84 today. The company now has a market capitalization of $25.47 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:30 pm

CRH

CRH (NYSE:CRH) has delivered an average annual return of 22.76% over the past 5 years, outperforming the market by 9.99%. A $100 investment in CRH 5 years ago would be worth $278.76 today. The company's market capitalization stands at $60.01 billion.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:30 pm

KULR

LMT

KULR Technology Group, Inc. (NYSE:KULR) shares surged after receiving a significant six-figure contract from Lockheed Martin Corporation (NYSE:LMT) to develop phase change material heat sinks for thermal regulation of electronics in long-range precision missiles. This contract, following successful evaluations of KULR's cooling solutions, highlights its role in innovative thermal management for high-stakes applications.

Portfolio Pulse from Lekha Gupta

March 26, 2024 | 3:29 pm

LVS

Las Vegas Sands Corp. (NYSE:LVS) shares rose amid news of Macau's recovery, with Mizuho Securities highlighting the company's potential to benefit from the market's mass recovery. Analyst Ben Chaiken initiated coverage with a Buy rating and a $70 price target, citing strategic investments in Macau and Singapore and the potential for significant share repurchases over the next three years.

Portfolio Pulse from Priya Nigam

March 26, 2024 | 3:27 pm

AZO

Evercore ISI Group analyst Greg Melich maintains an Outperform rating on AutoZone (NYSE:AZO) and raises the price target from $3375 to $3400.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 3:21 pm