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FRHC

KRE

LDI

NYCB

PFSI

U.S. Treasury Secretary Janet Yellen warned of potential failures among non-bank lenders due to stretched household finances and rising loan delinquencies. Non-bank lenders, which rely on short-term funding, could face risks if the lending market becomes strained. U.S. household debt reached a record $17.5 trillion, with mortgage and credit card debts at all-time highs. This situation poses a risk to non-bank lenders like Freedom Holding Corp. (FRHC), LoanDepot Inc (LDI), and PennyMac Financial Services (PFSI). Additionally, regional banks such as New York Community Bancorp, Inc. (NYCB) are under strain, with the SPDR S&P Regional Banking ETF (KRE) experiencing a decline.

Portfolio Pulse from Neil Dennis

February 08, 2024 | 7:52 pm

Verizon Communications (NYSE:VZ) has seen a surge in options activity, with a bearish sentiment from deep-pocketed investors. Benzinga's options scanner revealed 11 extraordinary activities, with a price target range between $30.0 and $42.0. The largest trades include both bullish and bearish sentiments on calls, with significant open interest and volume in the last 30 days. Verizon's current market position shows a slight decrease in stock price, with an RSI suggesting it may be approaching overbought. Analyst ratings vary, with a consensus target price of $46.0.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 7:46 pm

CVX

Recent options trading activity indicates a bearish stance on Chevron (CVX) by large investors, with a mix of bullish and bearish trades observed. The trading window for CVX options ranged from $125.0 to $170.0. Notable trades include both puts and calls with varying sentiments and expiration dates. Chevron, a major integrated energy company, has a current stock price of $152.19 with a slight increase of 0.04%. Analyst ratings have seen some downgrades, with a consensus target price of $167.5. The company's next earnings release is anticipated in 78 days.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 7:46 pm

ARKK

PINS

SARK

TARK

Pinterest, Inc (NYSE:PINS) is anticipated to release its Q4 earnings after market close on Thursday, with expectations set for an EPS of 51 cents on revenues of $989.53 million. The stock has shown strong performance since its Q3 earnings beat, with technical analysis suggesting a potential uptrend continuation. Keybanc analyst Justin Patterson has given Pinterest an Overweight rating with a price target of $48. For diversification, investors might consider the AXS 2X Innovation ETF (NASDAQ:TARK) or the AXS Short Innovation Daily ETF (NASDAQ:SARK), both related to the performance of ARK Innovation ETF (NYSE:ARKK), which holds Pinterest stock.

Portfolio Pulse from Melanie Schaffer

February 08, 2024 | 7:46 pm

LMT

Rep. Kathy Manning disclosed the purchase of Lockheed Martin Corp (NYSE:LMT) shares before making a statement on holding Iran accountable after a drone attack in Jordan killed three U.S. soldiers. The transactions, potentially made by her spouse, could indicate a conflict of interest as defense stocks like LMT may benefit from increased military action. Manning, a member of the Committee on Foreign Affairs, has made over 700 trades since taking office. Lockheed Martin's stock could rise if the U.S. retaliates against Iran, as indicated by statements from President Biden and Defense Secretary Lloyd Austin.

Portfolio Pulse from Chris Katje

February 08, 2024 | 7:44 pm

DUK

Duke Energy's shares declined following the announcement of disappointing Q4 financial results. The company also provided its FY24 and long-term adjusted EPS guidance.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:42 pm

GME

MSFT

SONY

A tweet from GameStop about an Xbox demo day led to widespread speculation about the future of the Xbox brand, including rumors of Xbox exclusives coming to PlayStation and potential changes to Microsoft's subscription services. The tweet, which was later deleted, mentioned 'Microsoft Game Pass,' fueling theories about the Xbox brand's direction. This incident has heightened sensitivity and apprehension within the gaming community, amidst rumors and uncertainty about Xbox's future.

Portfolio Pulse from Franca Quarneti

February 08, 2024 | 7:41 pm

TRI

Thomson Reuters shares surged following the announcement of better-than-expected Q4 adjusted EPS results and positive FY24 revenue growth guidance. Additionally, the company raised its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:39 pm

GBTC

MSTR

Bitcoin surged past $45,000, up 3.7%, as regional banks faltered. The surge was attributed to an increase in Bitcoin wallets holding more than 1,000 Bitcoin and substantial inflows into spot ETFs, with total inflows reaching $8.05 billion. The price movement defied the New York Community Bancorp trading loss, suggesting Bitcoin may be seen as a hedge against uncertainty. ETFs are expected to surpass MicroStrategy in Bitcoin holdings soon. Analysts remain optimistic about Bitcoin's prospects, with expectations of continued upward trends and a potential all-time high before the end of March.

Portfolio Pulse from Khyathi Dalal

February 08, 2024 | 7:34 pm

UBER

JMP Securities analyst Andrew Boone has maintained a Market Outperform rating on Uber Technologies (NYSE:UBER) and increased the price target from $75 to $76.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 7:33 pm