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Stock Prices

BNPQY

BNP Paribas (OTC:BNPQY) plans to increase its cost-cutting target by €400 million, aiming for a total of €2.7 billion in savings from 2022 to 2025. The savings will come from automation, lower purchases, and more efficient operations. The bank expects higher net income in 2024 than in 2023 and aims for a ROTE of 11.5% to 12% in 2025 and 12% in 2026, with a 60% payout ratio, planning to return €20 billion to shareholders from 2024-2026. Additionally, BNP Paribas has launched a share buyback program of up to €1.055 billion for 2024. Despite a 50.1% Y/Y decline in Q4 FY24 net income, BNPQY shares rose 3.03% to $33.62.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 2:39 pm

LEN

Lennar Corporation (NYSE:LEN) is anticipated to report an increase in Q1 earnings to $2.20 per share from $2.06 the previous year, with projected revenue of $7.39 billion. The company recently increased its dividend and announced a $5 billion repurchase authorization. Shares rose 1.1% to $165.97. Analyst ratings vary, with price targets ranging from $130 to $165 and ratings from Neutral to Overweight.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 2:38 pm

CIG

ENIC

HE

TAC

VIA

Benzinga Insights identifies Hawaiian Electric Indus (HE), Via Renewables (VIA), Cia Energetica DE Minas (CIG), TransAlta (TAC), and Enel Chile (ENIC) as value stocks in the utilities sector based on low P/E multiples. The article provides recent financial performance including changes in earnings per share and dividend yields for each company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:38 pm

AMD

DARP

NACP

NVDA

AMD's AI ambitions are questioned as its stock surges, with concerns about its valuation and slower growth compared to Nvidia, which remains the preferred choice for AI applications. Despite AMD's stock rising 116% since late October, Wall Street projects slower growth and declining earnings estimates for AMD, while Nvidia's revenue is expected to jump 80% this fiscal year. Nvidia is seen as the leading near-term winner in AI, with its chips being the preferred choice and its stock trading at a more modest multiple compared to AMD. Investors can gain exposure to Nvidia through ETFs like NACP and DARP.

Portfolio Pulse from Anusuya Lahiri

March 13, 2024 | 2:37 pm

ALGN

Align Technology's stock is trading higher following Piper Sandler's decision to maintain an Overweight rating and increase the price target from $335 to $355.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:33 pm

CAN

COIN

HUT

MARA

MSTR

RIOT

Crypto-related stocks, including CAN, COIN, HUT, MARA, MSTR, and RIOT, are experiencing an uptick in their trading values, driven by a surge in Bitcoin's strength.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:32 pm

JPM

High-rolling investors have shown a bullish sentiment on JPMorgan Chase (NYSE:JPM), with a notable split in sentiment (50% bullish, 50% bearish) based on recent options trading activity. Benzinga's options scanner revealed 8 significant trades, with a price window targeted between $150.0 to $200.0. The trading volume and RSI indicators suggest JPM might be overbought, with an earnings announcement expected in 30 days. Piper Sandler maintains an Overweight rating on JPM with a target price of $210.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:31 pm

SQ

Investors have shown a bullish stance on Block (NYSE:SQ) through significant options trading activity, as detected by Benzinga's options scanner. A total of 19 uncommon options trades were spotted, with a sentiment split of 52% bullish and 47% bearish. The trades include 4 puts and 15 calls, aiming for a price range of $72.5 to $105.0 for Block in the next three months. Analysts have varying opinions on Block, with target prices ranging from $78 to $95. The company's trading volume is 4,066,749, with a slight price decrease of -0.62%, and an RSI indicating it may be overbought.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:31 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 13th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed bullish and bearish price targets for each asset, emphasizing the importance of monitoring these stocks for potential breakouts or reversals. The memo also notes that the 30-Year Bond Auction might introduce market volatility, advising traders to adjust their strategies accordingly.

Portfolio Pulse from RIPS

March 13, 2024 | 2:30 pm

TXT

Over the past 15 years, Textron (NYSE:TXT) has outperformed the market with an annualized return of 19.29%, turning a $100 investment into $1,392.06 today. Textron's market capitalization stands at $17.66 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:30 pm