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CDNS

Cadence Design Systems (NASDAQ:CDNS) has seen unusual options activity indicating a bullish sentiment among financial giants, with a focus on a price band between $240.0 and $330.0. The analysis of options history revealed 11 unusual trades, with a majority being bullish. The largest trades included both puts and calls with varying sentiments and strike prices. Cadence Design Systems, a provider of electronic design automation software, is currently experiencing a slight decrease in stock price, with an RSI indicating a potential overbought status. An analyst from Needham has recently lowered the rating to Buy with a target price of $320.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:31 pm

DXCM

DexCom (NASDAQ:DXCM) has significantly outperformed the market with an average annual return of 38.72% over the past 15 years, turning a $1000 investment into $139,310.17. The company now has a market capitalization of $51.42 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:30 pm

AVGO

Over the past 10 years, Broadcom (NASDAQ:AVGO) has significantly outperformed the market, with an annualized return of 35.49%, turning a $100 investment into $2,105.93 today. Broadcom's market capitalization currently stands at $622.96 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:30 pm

BE

Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Bloom Energy (NYSE:BE) and kept the price target at $22.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 6:19 pm

BIDU

Deep-pocketed investors have shown a bullish sentiment towards Baidu (NASDAQ:BIDU), with options activity indicating a price target range of $75.0 to $130.0. The options market has seen 18 extraordinary activities, with a majority being bullish calls. Baidu, a dominant player in China's internet search market, has seen its stock price increase by 2.01%, reaching $104.23. Analysts, including one from Barclays, maintain an Overweight rating with a target price of $133.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:16 pm

IDGT

SMCI

XMMO

Super Micro Computer Inc (NASDAQ:SMCI) shares surged after JP Morgan initiated coverage with an Overweight rating and a price target of $1,150, citing the company's leading position in the AI computing market. The demand for AI servers, expected to exceed $200 billion by 2027-28, and Super Micro's innovations in custom accelerators and efficient XPUs position it well for the generative AI growth wave. Investors can also gain exposure to SMCI through Invesco S&P MidCap Momentum ETF (NYSE:XMMO) and IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 6:13 pm

BA

CCL

CRUZ

LUV

NCLH

RCL

Carnival Corp (NYSE:CCL) is set to report its Q1 earnings with anticipated revenue of $5.4 billion, a 22% increase from last year, and a reduced loss of $0.17 per share. Despite challenges in achieving profitability due to high costs and debt repayment, Carnival has seen record revenues and bookings. Rivals Royal Caribbean (NYSE:RCL) and Norwegian Cruise Line (NYSE:NCLH) also reported strong results, with shares of all three companies showing recent gains. The Defiance Hotel, Airline, and Cruise ETF (NYSE:CRUZ) gained 3.7% in 2024, despite the underperformance of airline stocks like Southwest Airlines (NYSE:LUV) due to issues with Boeing Co (NYSE:BA) jets.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 6:06 pm

SPG

Simon Property Group (NYSE:SPG) has seen significant options activity, with a bullish sentiment from financial giants. Analysis of options history revealed 11 unusual trades, with a mix of bullish and bearish tendencies. The expected price window is between $150.0 to $160.0. Notable options activity includes both puts and calls with varying strike prices and expiration dates. Simon Property Group, a major real estate investment trust, has shown a slight price increase to $152.42, with analysts giving mixed ratings and price targets. The company's portfolio performance and market standing are also highlighted.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:01 pm

CMG

Financial analysis reveals a bearish trend in options trading for Chipotle Mexican Grill (NYSE:CMG), with 58% of trades showing bearish tendencies. The analysis highlighted unusual trades, with a focus on a price range target from $900 to $3750 for CMG over the last 3 months. Notable options activity includes both put and call trades with varying sentiments. Chipotle, the largest fast-casual chain in the U.S., reported systemwide sales of $9.9 billion in 2023. The stock is slightly up by 0.21% at $2888.0, with potential overbought indications. Analyst ratings from Wedbush and Deutsche Bank offer mixed views, with target prices of $2850 and $3300, respectively.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:01 pm

FRGE

Forge Global Holdings (NYSE:FRGE) is scheduled to report its quarterly earnings on 2024-03-26, with analysts expecting an EPS of $-0.10. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's miss leading to a 0.43% drop. Shares have risen 69.26% over the last 52 weeks, indicating a positive long-term outlook. Investors will be keen on both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 6:00 pm