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BTCUSD

Bitcoin's recent surge above $52,000 has not been accompanied by increased public interest, as indicated by low Google search trends. This suggests that the current market dynamics might be driven by institutional investors or existing cryptocurrency enthusiasts, rather than new retail investors. The lack of retail excitement could point to a potential untapped market or a maturing market less influenced by retail hype. The situation raises questions about the future role of retail investors in the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

February 15, 2024 | 8:44 pm

CLF

Morgan Stanley downgraded United States Steel Corporation (X) and Cleveland-Cliffs (CLF), adjusting their price targets. Cleveland-Cliffs announced the indefinite idling of its tinplate production plant in West Virginia due to tariff issues, affecting 900 employees. Reliance Steel & Aluminum Co. (RS), now Reliance Inc., reported strong financial results for 2023, announced acquisitions, and increased its dividend. Hecla Mining Company (HL) reported significant silver reserves and sales, operational improvements, and strong safety performance. Dakota Gold Corp. (DC) saw a significant share purchase by Director Robert Quartermain.

Portfolio Pulse from Austin DeNoce

February 15, 2024 | 8:38 pm

PSX

High-rolling investors have shown a bullish sentiment on Phillips 66 (NYSE:PSX), with Benzinga's options scanner revealing 21 significant trades. The sentiment is predominantly bullish with a split of 57% bullish and 42% bearish. Notable trades include a mix of calls and puts with a focus on strike prices ranging from $40.0 to $145.0. Phillips 66, an independent refiner, is currently trading at $145.34, with a volume of 1,852,285 and may be considered overbought based on RSI readings. Analysts from Wells Fargo, Raymond James, and Barclays have issued ratings with a consensus target price of $152.33.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:31 pm

MRK

Investors have shown a bearish stance on Merck & Co (NYSE:MRK) through options trading, with a notable volume of trades indicating a split sentiment but leaning towards bearish. The options market activity suggests targeting a price range of $105.0 to $130.0 for MRK over the last 3 months. Current trading volume and analyst ratings suggest a mixed outlook, with a recent price increase and a potential overbought condition. Analysts have set target prices ranging from $135 to $148, indicating a positive outlook despite the bearish options market sentiment.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:31 pm

ALNY

Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) reported a Q4 2023 adjusted EPS loss of $(0.77), beating estimates but missing sales consensus with $439.72 million. The company updated its HELIOS-B Phase 3 study timeline for vutrisiran and received FDA clearance for a Phase 1 study of ALN-APP. It forecasts FY 2024 net product revenues of $1.4 billion-$1.5 billion. Analyst ratings include a Neutral from Cantor Fitzgerald with a $165 target and a Peer Perform from Wolfe Research. ALNY shares dropped 8.83% to $149.66.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 8:29 pm

APLT

Applied Therapeutics Inc (NASDAQ:APLT) shares surged 34.70% to $3.61 after announcing positive interim 12-month results from its Phase 3 INSPIRE trial for govorestat (AT-007) in treating SORD Deficiency. The trial met its primary and key secondary endpoints, demonstrating significant reductions in toxic sorbitol levels and improvements in patient mobility and well-being. The company plans to request a pre-NDA meeting with the FDA.

Portfolio Pulse from Vandana Singh

February 15, 2024 | 8:25 pm

AMD

AMZN

ARKK

BABA

MSFT

ORCL

David Tepper's Appaloosa Management adjusted its Q4 2023 portfolio, entering positions in Oracle and ARK Innovation ETF, boosting stakes in Amazon, Alibaba, and Microsoft, while reducing semiconductor stocks like AMD, Intel, and Qualcomm. The fund also diversified into home improvement and exited positions in Arista Networks and Enterprise Products Partners.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 8:14 pm

BLK

WMT

Rick Rieder of BlackRock Inc (NYSE:BLK) is optimistic about the U.S. economy, predicting 4% nominal GDP growth this year, exceeding previous expectations. Despite high federal funds rates, Rieder expects rate cuts starting mid-year. He notes strong consumer spending, particularly in services, despite concerns from big retailers like Walmart (NYSE:WMT) and Kroger (NYSE:KR). Rieder manages BlackRock's $2.6 trillion global fixed-income portfolio.

Portfolio Pulse from Natan Ponieman

February 15, 2024 | 8:11 pm

MSFT

NVDA

SPRX

TSLA

The Spear Alpha ETF (SPRX) has emerged as the top-performing AI-focused ETF of the year, with a notable increase of over 17% since January 1st. This surge is attributed to the growing investor interest in AI technologies, spurred by the rapid adoption of OpenAI's ChatGPT. NVIDIA (NVDA) stands out as a key player in the AI space, with its specialized chips driving AI model functionality, leading to a stock increase of over 220% on the year. Other notable mentions include Microsoft (MSFT) and Tesla (TSLA) for their significant contributions to AI development.

Portfolio Pulse from Johnny Rice

February 15, 2024 | 8:09 pm

MCD

Financial analysis reveals a bearish sentiment among traders towards McDonald's (NYSE:MCD), with 64% of options trades showing bearish tendencies. Notable options activity includes both calls and puts with a focus on strike prices between $280.0 and $310.0. Despite this, McDonald's remains a strong player in the restaurant industry, with system sales of $130 billion and a current stock price of $291.07, up by 1.01%. Analysts have given McDonald's an average target price of $332.0, with ratings ranging from Buy to Outperform.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:01 pm