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CAT

Caterpillar (NYSE:CAT) has seen unusual options activity, indicating a mixed sentiment among big-money investors, with 43% bullish and 56% bearish. A total of 39 uncommon options trades were spotted, with puts and calls suggesting a price window of $270.0 to $420.0 for CAT. The company, a leading manufacturer of heavy equipment, shows a neutral RSI and a slight price increase to $338.14. Analysts have a mixed outlook, with an average target price of $338.0 and a recent downgrade to In-Line by Evercore ISI Group.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:31 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen a significant uptick in options activity, indicating a bullish sentiment among deep-pocketed investors. Benzinga's options scanner revealed 22 extraordinary activities, with a majority being calls. The targeted price range for OXY is between $40.0 to $80.0. Notable options activity includes both bullish and bearish sentiments on various expiration dates and strike prices. Occidental Petroleum, an independent exploration and production company, reported net proved reserves of nearly 4.0 billion barrels of oil equivalent and an average net production of 1,234 thousand barrels per day in 2023. The stock is currently trading at $61.55, up by 0.67%, with an RSI suggesting it may be overbought. Analysts have set an average target price of $71.0 for OXY.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

RPM

Over the past 20 years, RPM Intl (NYSE:RPM) has produced an average annual return of 10.8%, outperforming the market by 2.75% on an annualized basis. A $1000 investment in RPM 20 years ago would be worth $7,667.31 today. RPM Intl currently has a market capitalization of $15.24 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market over the past 5 years, with an annualized return of 24.35% and an average annual return of 37.17%. An investment of $100 in PDD 5 years ago would be worth $474.95 today. The company's market capitalization stands at $162.31 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:30 pm

ARM

Bill Baruch announced on CNBC that he has sold his holdings in ARM. This move could signal his view on the company's future performance or market conditions.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:30 pm

RH

W

Shares of furniture and home decor companies are trading higher following Williams-Sonoma's report of better-than-expected Q4 earnings, positively impacting related stocks such as RH and Wayfair (W).

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:27 pm

PRPL

Roth MKM analyst Matt Koranda has upgraded Purple Innovation (NASDAQ:PRPL) from Neutral to Buy and increased the price target from $2 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:25 pm

EQIX

GOOG

GOOGL

Equinix, Inc. (NASDAQ:EQIX) announced the appointment of Adaire Fox-Martin as the new President and CEO, effective second-quarter 2024. Fox-Martin, previously with Alphabet Inc's Google Cloud, succeeds Charles Meyers, who becomes Executive Chairman. The company recently reported a Q4 FY23 adjusted FFO per share of $7.30 and sales of $2.11 billion. EQIX shares are trading lower by 1.71%.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:24 pm

TH

Target Hospitality Corp (NASDAQ:TH) shares rose after reporting Q4 FY23 results surpassing expectations and providing FY24 revenue guidance above estimates. Despite a sales decline to $126.220 million from $152.438 million, it beat the consensus of $118.0 million. The revenue drop was attributed to lower non-cash, nonrecurring infrastructure enhancement revenue. Adjusted EBITDA and EPS also exceeded expectations. The company announced a share repurchase and forecasts FY24 revenue of $410-$425 million, with plans to allocate over $500 million in growth capital through 2027.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:24 pm

AMD

INTC

NVDA

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) has seen a significant rally, gaining nearly 50% in the past month, driven by the AI-chip boom. BofA Securities highlights SMCI's strong positioning in the expanding AI server market, expecting robust revenue growth. The firm's competitive advantages, such as its building block architecture, relationships with leading AI CPU/GPU/ASIC providers (Intel, Nvidia, AMD), and customization capabilities, are noted. Analyst Ruplu Bhattacharya maintains a Buy rating and raises the price target from $1,040 to $1,280, anticipating growth in server demand across various applications.

Portfolio Pulse from Priya Nigam

March 13, 2024 | 4:21 pm