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CHTR

Charter Communications (NASDAQ:CHTR) has seen a notable options trading activity, with a bullish sentiment prevailing among financial giants. Analysis of 17 unusual trades showed 58% bullish and 41% bearish tendencies. The trades included 8 puts valued at $444,695 and 9 calls valued at $681,351, indicating expectations of CHTR's price movement between $250.0 and $410.0. The most significant options trades were identified, with varying sentiments and strike prices around $280.0 to $285.0. Charter Communications, a major U.S. cable company, is currently trading at $294.0 with a neutral RSI indicator. Analyst ratings for CHTR vary, with a consensus target price of $395.4, but opinions range from Buy to Neutral, with target prices between $335 and $472.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:47 pm

AVDL

JAZZ

Avadel Pharmaceuticals' shares surged after a favorable jury ruling in its patent litigation against Jazz Pharmaceuticals in the United States District Court for the District of Delaware.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:46 pm

TSM

Taiwan Semiconductor Manufacturing (TSM) shares are experiencing an increase in value due to the ongoing strength in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:40 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has exercised its option to increase energy resources by an additional 50 MW at the Nautilus facility in Pennsylvania, doubling its bitcoin mining capacity to 100 MW. This expansion, expected to be operational in 2025, will benefit from zero-carbon power at a fixed rate of 2.0 cents per kilowatt-hour. The company highlights the value of its Lake Mariner facility in NY with over 300 MW of available capacity and its position for success post-bitcoin halving due to its low cost of power.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:38 pm

NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) shares are tumbling due to the announcement of material weaknesses in its internal controls, a CEO replacement, and a Moody's downgrade to B3. The downgrade was influenced by delayed financial reporting, leadership changes, and fourth-quarter losses. NYCB shares have fallen significantly over the past year and month, with a current RSI indicating oversold conditions.

Portfolio Pulse from Erica Kollmann

March 04, 2024 | 8:37 pm

COIN

Coinbase (NASDAQ:COIN) experienced its second connectivity issue in less than a week amid a Bitcoin price surge, with users reporting zero balances. The company assured users that assets are safe and trading is not impacted, attributing the problem to increased latency and promising updates soon. The crypto community reacted with mixed sentiments, highlighting the exchange's challenges during high trading volumes.

Portfolio Pulse from Khyathi Dalal

March 04, 2024 | 8:34 pm

CNTB

Connect Biopharma Holdings' stock (CNTB) is trading higher following a Buy rating initiation and a $7 price target from HC Wainwright & Co.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:31 pm

AMZN

BMBL

EB

GOOGL

META

JPMorgan's analysis highlights 5 tech stocks with growth and value for 2024: Amazon (AMZN), Alphabet (GOOGL/GOOG), Meta Platforms (META), Eventbrite (EB), and Bumble (BMBL). Amazon, Alphabet, and Meta are rated 'Overweight' with significant upside potential, while Eventbrite is 'Neutral' and Bumble 'Overweight' with the highest upside forecast.

Portfolio Pulse from Surbhi Jain

March 04, 2024 | 8:19 pm

XLE

OPEC+ extends its voluntary cut of 2.2 million barrels per day through Q2, with Russia announcing an additional cut of 471,000 barrels per day. This move aims to shore up oil prices amid weak global demand and uncertainty around China's reopening. The market has already priced in these events, with U.S. crude hovering around $80. The focus shifts to the EIA Weekly Petroleum Status Report, indicating a record U.S. production but low utilization rates, leading to a build-up in crude inventories. This dynamic is seen as bearish for crude prices but may stabilize as refinery maintenance concludes. Crude oil net long speculative positioning has increased, signaling a bullish outlook in the near term despite macroeconomic and geopolitical risks. Technical analysis suggests a bullish trend for crude, with significant resistance levels ahead. The Energy Select Sector SPDR Fund (XLE) indicates crude is relatively cheap compared to energy stocks within the index.

Portfolio Pulse from Kevin Green

March 04, 2024 | 8:18 pm

NFLX

Netflix Inc (NASDAQ:NFLX) continues to lead the competitive streaming market, achieving over 13,000% stock growth since 2007. Its success is attributed to innovation, adaptability, and strategic initiatives like new subscription tiers and addressing revenue leaks. Despite market saturation and intense competition, Netflix's focus on original content and global expansion has driven subscriber growth. The stock has recovered significantly, with a 3% rise in March contributing to a 26% increase this year, despite a 77% drop from its peak in November 2021.

Portfolio Pulse from Zaheer Anwari

March 04, 2024 | 8:12 pm