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CCL

Recent options trading activity for Carnival (NYSE:CCL) indicates a bearish sentiment among big-money investors, with a notable split between bullish (31%) and bearish (68%) trades. Benzinga's options scanner revealed 19 unusual options trades, with a focus on a price range between $10.0 and $20.0 for CCL. The trading volume and open interest analysis suggest increased investor interest in this range. Carnival, the largest global cruise company, has seen its stock price slightly increase by 0.26% to $15.35, with an upcoming earnings report in 42 days. An analyst from Truist Securities maintains a Hold rating with an $18 price target.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:46 pm

PG

Whale investors have shown a mixed sentiment on Procter & Gamble (NYSE:PG), with options trading indicating both bullish and bearish positions. Benzinga's options scanner revealed 10 significant trades, split evenly between bullish and bearish, focusing on a price window of $90.0 to $165.0. The current market analysis shows PG's stock slightly down by -0.47% at $156.68, with analysts giving mixed ratings but generally leaning towards a positive outlook with target prices ranging up to $175.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:30 pm

CNQ

Over the past 5 years, Canadian Natural Resources (NYSE:CNQ) has outperformed the market with an annualized return of 17.0%, growing a $1000 investment to $2,290.81. The company's market capitalization stands at $66.14 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:30 pm

NUE

Over the past decade, Nucor (NYSE:NUE) has delivered an average annual return of 13.78%, outperforming the market by 3.26% annually. A $100 investment in NUE 10 years ago would now be worth $363.55, showcasing the impact of compounded returns on investment growth. Nucor's current market capitalization stands at $45.25 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:30 pm

BIIB

Biogen (NASDAQ:BIIB) has seen unusual options activity, with a significant bullish sentiment among high-rolling investors, as tracked by Benzinga. The activity includes 11 options trades, with 81% bullish and 18% bearish sentiment, focusing on a price window of $220.0 to $255.0. The largest trades include both put and call options with varying sentiments and expiration dates. Biogen, known for its multiple sclerosis and cancer drugs, has a current market price of $240.98, with neutral RSI indicators and earnings expected in 1 day. Analysts have issued a consensus target price of $282.33, with mixed ratings from UBS and Oppenheimer.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:16 pm

ADBE

Financial giants have shown a bearish sentiment towards Adobe (NASDAQ:ADBE), with 60% of unusual trades indicating bearishness. Analysis of options history revealed 58 unusual trades, with a notable focus on a price range from $160 to $800 for Adobe over the last 3 months. The volume and open interest trends in Adobe's options market have been analyzed, highlighting significant trades. Adobe's current stock price is $627.0, with a recent downgrade by Exane BNP Paribas to Underperform and a price target of $499.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:16 pm

RNLX

Renalytix shares surged following the announcement that the Centers for Medicare and Medicaid Services published a draft Local Coverage Determination for KidneyIntelX and kidneyintelX.dkd testing on Feb. 8.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 8:08 pm

SHOP

Shopify Inc (NYSE:SHOP) is set to report its Q4 earnings on Feb. 13, with Wall Street expecting 31 cents in EPS and $2.08 billion in revenues. The company has seen a robust 2023, focusing on profitability and a return to pre-COVID growth rates. Despite its strong position, analysts express caution due to its high valuation, with a TTM P/E of 197.22 and a forward P/E of 132.87. Analyst consensus rates SHOP as Neutral with a price target of $55.26, while the stock trades at $90.64.

Portfolio Pulse from Surbhi Jain

February 12, 2024 | 8:06 pm

AMZN

IYG

META

SPY

XLV

Craig Johnson of Piper Sandler predicts a market correction, citing internal sell signals and technical indicators. He expects the S&P 500 to pull back to about 4,600, with a low likely by early April. Johnson suggests a rotation from tech giants like Amazon and Meta Platforms to financials and healthcare, noting underperformance in these sectors in 2023. He anticipates a rally in small- and mid-cap stocks with expected Fed rate cuts by June, maintaining a year-end S&P 500 target of 5,050.

Portfolio Pulse from Neil Dennis

February 12, 2024 | 8:04 pm

V

Oppenheimer analyst Dominick Gabriele reiterated an Outperform rating on Visa Inc. (NYSE:V) with a price target of $297, highlighting the company's potential to benefit from the shift from paper currency to electronic payments. Visa's value-added-service (VAS) growth is expected to remain robust, with a forecasted adjusted EPS of $2.44 for the second quarter. The company's revenue growth was 11.41% in FY23, and its performance is influenced by macroeconomic factors such as interest rates and inflation. Visa's stock has experienced average annual growth of 9.39%, outperforming its peers.

Portfolio Pulse from Nabaparna Bhattacharya

February 12, 2024 | 8:02 pm