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NKE

Deep-pocketed investors have shown a bearish sentiment towards Nike (NKE) based on options market activity, with a significant portion of trades indicating expectations of price movements between $85.0 and $105.0. The options market activity includes both puts and calls, with a higher volume of bearish bets. Nike's current trading volume and price have seen a slight increase, and the stock is potentially oversold according to RSI indicators. Analysts have mixed views on Nike, with price targets ranging from $85 to $130.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:31 pm

MCO

Over the past 15 years, Moody's (NYSE:MCO) has significantly outperformed the market, with an average annual return of 21.1%, turning a $100 investment into $1,816.78. Currently, Moody's market capitalization stands at $71.44 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:30 pm

NDAQ

Nasdaq (NASDAQ:NDAQ) has delivered an average annual return of 16.12% over the past 5 years, outperforming the market by 3.41% on an annualized basis. A $1000 investment in NDAQ 5 years ago would be worth $2,126.13 today. The company currently has a market capitalization of $36.07 billion.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:30 pm

COIN

Coinbase shares dropped following a US court decision that permits an SEC lawsuit to proceed, alleging Coinbase's involvement in the unregistered offer and sale of securities.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:30 pm

AAPL

AMD

INTC

SMH

SOXX

TSM

Taiwan Semiconductor Manufacturing Co (TSMC) is experiencing a surge in orders for its 3nm chips from major clients including Apple, Intel, and AMD. The demand for these chips is expected to push TSMC's revenue share from 3nm chips to over 20% this year. The chips are crucial for upcoming products like the iPhone 16 and new Mac processors, Intel's Lunar Lake CPUs, and AMD's Zen 5 architecture platform. Despite challenges in expanding its U.S. operations due to construction delays, TSMC plans to build factories for 2nm chips in Taiwan and is considering a second facility in Japan. TSMC's stock has risen over 53% in the last 12 months, and investors can gain exposure through the VanEck Semiconductor ETF (SMH) and iShares Semiconductor ETF (SOXX).

Portfolio Pulse from Anusuya Lahiri

March 27, 2024 | 2:20 pm

NVCR

Novocure Ltd (NASDAQ:NVCR) announced positive results from the Phase 3 METIS clinical trial for its Tumor Treating Fields (TTFields) therapy in treating brain metastases from non-small cell lung cancer. The study met its primary endpoint, showing a significant improvement in time to intracranial progression compared to supportive care alone. TTFields therapy was well-tolerated, with a median time to intracranial progression of 21.9 months versus 11.3 months for supportive care alone. Preliminary analysis of secondary endpoints showed positive trends but did not reach statistical significance. Novocure's Premarket Approval application for TTFields therapy in non-small cell lung cancer has been accepted by the FDA. Following the news, NVCR shares surged by 10.70% to $14.49.

Portfolio Pulse from Vandana Singh

March 27, 2024 | 2:17 pm

NOW

ServiceNow (NYSE:NOW) has seen significant options trading activity, with a bullish sentiment from financial giants. Analysis of 12 unusual trades revealed 66% bullish and 33% bearish tendencies. The trades include 8 puts valued at $416,626 and 4 calls worth $181,400, targeting a price range of $600 to $1180. The largest trades were bullish put sweeps with strike prices around $770-$785. ServiceNow, a SaaS provider for business process automation, has a current stock price of $784, up 0.7%, with an RSI indicating potential overbought status. Analysts have set an average price target of $880, with recent downgrades from Stifel and Keybanc.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:17 pm

GE

Benzinga's options scanner detected significant trading activity in General Electric (NYSE:GE) options, with over 13 trades amounting to $975,239. The trades indicate a bullish sentiment, aiming for a price target between $167.5 and $170. GE's current market price is $175.48, with a volume of 881,788, suggesting it may be overbought. The company is set to release earnings in 27 days, and its performance is closely watched by investors.

Portfolio Pulse from Benzinga Insights

March 27, 2024 | 2:16 pm

WMT

Telsey Advisory Group has maintained its Outperform rating on Walmart (NYSE:WMT) and adjusted its price target to $68 from $205, accounting for a forward 3:1 stock split.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 2:12 pm

RACE

Ferrari N.V. (NYSE:RACE) has renewed its technological collaboration with battery manufacturer SK On, continuing their partnership since 2019. This collaboration focuses on exploring new possibilities and solutions for Ferrari's high-performance models, including the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Ferrari's CEO emphasized the importance of collaboration for progress. RACE shares saw a slight increase of 0.49% to $440.13.

Portfolio Pulse from Shivani Kumaresan

March 27, 2024 | 2:09 pm