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WBD

Benchmark analyst Matthew Harrigan has reiterated a Buy rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a price target of $20, citing a strong opening for Dune: Part Two and a positive outlook for the company's IP and streaming strategy. The company is expected to benefit from its studio/DTC/network triad, with significant contributions from the Harry Potter and Dune series. The analyst also highlighted the potential for Warner Bros. to generate sustainable $1 billion+ in EBITDA post-2025. Investors can gain exposure to Warner Bros. through Invesco Leisure And Entertainment ETF (NYSE:PEJ) and Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC). WBD's stock is currently trading lower by 5.82% at $8.17.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 7:24 pm

VLO

Valero Energy (NYSE:VLO) has seen unusual options activity, with an equal mix of bullish and bearish trades among investors. Significant trading volume has been observed, with a focus on strike prices between $100.0 and $200.0. The company, a major independent refiner, has a current stock price of $143.25, slightly down with potential overbought indicators. The next earnings report is expected in 52 days.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:16 pm

NVDA

NVIDIA shares are experiencing an uptick due to ongoing strength in the semiconductor sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 7:07 pm

BCHUSD

Bitcoin Cash (CRYPTO: BCH) experienced a 3.94% decrease in price over the last 24 hours, falling to $447.59, despite a 64.0% gain over the past week. Its trading volume surged by 636.0%, with the circulating supply remaining steady at 19.66 million, representing 93.62% of its max supply. Currently, Bitcoin Cash's market cap ranks #20 at $8.79 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:03 pm

FILUSD

Cryptocurrency Filecoin (FIL) experienced a 5.13% price drop in the last 24 hours, contrasting with a 24.0% gain over the past week. The trading volume surged by 155.0%, and the circulating supply increased by 0.91% to over 519.05 million, representing 26.47% of its max supply. Filecoin's market cap ranks #23 at $5.15 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:02 pm

OKTA

Recent analysis of Okta's (NASDAQ:OKTA) options activity shows a bearish trend among financial giants, with 62% of trades indicating bearish sentiment. The analysis highlighted unusual trading volume with a focus on a price window from $75.0 to $165.0. The largest trades were predominantly calls, with varying sentiments. Okta, a cloud-native security company, has seen its stock price increase by 1.02% to $109.6. Market experts have issued mixed ratings, with a consensus target price of $113.6. The next earnings report is expected in 86 days.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:02 pm

WBTCUSD

Wrapped Bitcoin (WBTC) has seen a significant increase of 6.37% in its price over the last 24 hours, reaching $66,679.00. This marks a continuation of its positive trend, with a 23.0% gain over the past week from $54,438.74. Despite a slight decrease in trading volume and circulating supply, WBTC's market cap ranks it 16th at $10.37 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:02 pm

RNGR

Ranger Energy Services (NYSE:RNGR) is set to release its quarterly earnings report on 2024-03-05, with analysts estimating an EPS of $0.29. Historical performance shows mixed results with both misses and beats in past quarters. Shares are currently trading at $10.7, down 7.09% over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:01 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has seen a significant increase of 4.74% over the past 24 hours, reaching $1.13. Over the last week, MATIC's price has risen over 6%, from $1.05. The coin's trading volume has surged by 22% in the past week, while its circulating supply slightly decreased by 0.08%, now at 92.83% of its max supply. Currently, MATIC's market cap ranks #17, valued at $10.32 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:01 pm

EBS

Emergent BioSolutions (NYSE:EBS) is scheduled to release its quarterly earnings report on March 5, 2024, with analysts expecting an EPS of $-0.19. The company's past earnings performance shows a pattern of not meeting EPS estimates, leading to significant stock price fluctuations. Shares have declined by 69.54% over the last year, indicating negative sentiment among long-term shareholders. Investors will be closely watching for both the earnings outcome and the company's future guidance.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 7:01 pm