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NSIT

Insight Enterprises (NASDAQ:NSIT) has significantly outperformed the market with an average annual return of 21.97% over the past 10 years, turning a $1000 investment into $7,392.86. The company currently has a market capitalization of $6.07 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:00 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has significantly outperformed the market with an annualized return of 29.36% over the past 15 years, turning a $1000 investment into $48,616.84. The company's market capitalization stands at $35.63 billion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:00 pm

LXU

LSB Industries (NYSE:LXU) received mixed analyst ratings with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target is now $8.69, down 20.13% from the previous average, with analysts from RBC Capital, UBS, and Piper Sandler adjusting their ratings and price targets. LSB Industries, a manufacturer of chemical products, faces challenges with a significant revenue decline of -43.24% and a high debt-to-equity ratio of 1.18, despite a strong net margin of -4.03% and ROA of -0.41%.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:00 pm

MSFT

NVDA

Wedbush analyst Dan Ives highlighted the significant impact of Nvidia's H100 GPU on tech spending, suggesting every $1 spent on the GPU could lead to an additional $10-$12 in tech ecosystem spending. This reflects the broader AI revolution's influence on tech investments. Ives previously noted Nvidia's Q4 results as the beginning of an AI spending wave. Meanwhile, Microsoft's CEO emphasized the rapid AI adoption across sectors, and ARK's Cathie Wood expressed concerns over a potential semiconductor market correction.

Portfolio Pulse from Rounak Jain

March 11, 2024 | 3:00 pm

BTCUSD

Bitcoin (BTC) has seen a 4.21% increase in the last 24 hours, reaching $72,243.00, continuing a positive trend with an 8.0% gain over the past week. Its trading volume has increased by 10.0%, and the circulating supply has risen by 0.69% to 19.65 million, approximately 93.58% of its max supply. Bitcoin's market cap ranks #1 at $1.42 trillion.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 3:00 pm

AMD

NVDA

AMD shares fell 3.7% to $199.72 amid profit-taking and overall market weakness, despite no company-specific news. The upcoming CPI report could influence the Fed's rate decision, potentially affecting AMD's costs and stock price. NVIDIA's legal issues and the semiconductor sector's overall decline also contributed to the market sentiment. AMD has shown significant revenue growth over the past 5 years, but its forward P/E ratio is higher than its peers.

Portfolio Pulse from Henry Khederian

March 11, 2024 | 2:55 pm

BALY

Bally's shares surged following a proposal from Standard General to acquire all outstanding shares of common stock not currently owned by them for $15 per share. The offer is non-binding and was communicated through a letter to Bally's board.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:50 pm

ACA

NOV

Arcosa Inc (NYSE:ACA) has agreed to acquire Ameron Pole Products, LLC from NOV Inc (NYSE:NOV) for $180 million in cash. Ameron, a manufacturer of engineered poles for infrastructure applications, reported $94 million in revenues and $20 million in Adjusted EBITDA for the year ended December 31, 2023. Arcosa plans to fund the acquisition with cash and borrowings, aiming to expand its product offerings in the lighting, traffic, and telecom sectors. The transaction is expected to close in Q2 2024. ACA shares dropped 1.02% to $83.86.

Portfolio Pulse from Shivani Kumaresan

March 11, 2024 | 2:48 pm

ALB

Albemarle (NYSE:ALB) has seen a notable increase in options activity, with a bearish sentiment prevailing among financial giants. Analysis of recent trades shows a mix of bullish and bearish positions, with a price window targeted between $110.0 and $185.0. The company, a leading lithium producer for batteries, especially in electric vehicles, is currently trading up by 0.65% at $119.1. Market experts have issued ratings with a consensus target price of $147.0, indicating a positive outlook despite the bearish options sentiment.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:46 pm

XOM

Benzinga's options scanner revealed significant options trading activity on Exxon Mobil (NYSE:XOM), with over 13 transactions totaling $421,036. Analysis of trading volumes and open interest suggests a focus on a price range between $105.0 and $125.0. The largest options trades indicate a bullish sentiment, despite the variety of puts and calls. Exxon Mobil, a leading oil and gas company, is currently trading at $108.55, with potential signs of approaching overbought territory. The anticipated earnings release is in 46 days.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 2:46 pm