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COIN

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading higher by 3.3% near the $0.0001-level, alongside a surge in Bitcoin and other crypto-related stocks. Coinbase shares have increased by 48% in the past month, driven by Bitcoin's rally, the approval of spot Bitcoin ETFs, and growing institutional interest. However, Coinbase experienced significant Bitcoin outflows last week.

Portfolio Pulse from Henry Khederian

February 26, 2024 | 8:50 pm

ATUS

CHTR

Altice USA's shares surged by approximately 50% following a Bloomberg report that Charter Communications is exploring the acquisition of the broadband company. Despite the speculation, Altice has not been approached by Charter for any transaction discussions, as per a CNBC source. Charter's shares fell nearly 2% amidst these rumors. The potential acquisition comes at a time when the telecom industry is facing challenges in retaining broadband and cable subscribers. Altice USA, owning brands like Optimum, has around five million customers, significantly less than Charter's 32 million.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:49 pm

ANET

Arista Networks (NYSE:ANET) has seen significant unusual options activity, with a bearish sentiment from financial giants despite 40% of traders being bullish. The options trades suggest a price range of $190.0 to $360.0 for ANET. The company, a provider of networking equipment, counts Microsoft and Meta Platforms among its largest customers. Recent trading volume shows ANET's price up by 0.86% at $269.97. Analysts have set an average target price of $320.6, with ratings ranging from Buy to Market Outperform.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 8:45 pm

GOOG

GOOGL

A Reddit discussion emerged questioning if Elon Musk's negative comments on Gemini AI could impact Alphabet's (GOOG, GOOGL) stock price. Users debated the issue, with the consensus being that Alphabet's strong AI capabilities and assets like YouTube and Android minimize any potential negative impact from Musk's comments. The situation was largely deemed a 'nothing burger,' indicating minimal risk to Alphabet's stock.

Portfolio Pulse from Surbhi Jain

February 26, 2024 | 8:35 pm

BTCUSD

ETHUSD

Bitcoin's value soared past $54,000, reaching its highest point since November 2021, marking a significant rally in the cryptocurrency market. Ether also saw a surge, hitting a 22-month high of $3,170. The global cryptocurrency market cap reached $2.08 trillion. QCP Capital warns of a potential pullback due to speculative shifts towards altcoins. Cryptocurrency trader Altcoin Sherpa expects Bitcoin to outperform altcoins in the short run, while technical analyst Ali Martinez noted a record number of Bitcoin whale addresses.

Portfolio Pulse from Murtuza Merchant

February 26, 2024 | 8:34 pm

CORN

Corn prices have halved since their peak in spring 2022, impacting US farmers who now face significant losses. The drop is attributed to a record production year in the US and Brazil, leading to an oversupply. For investors, this situation may present an opportunity, especially through commodity ETFs like the Teucrium Corn ETF (CORN).

Portfolio Pulse from Johnny Rice

February 26, 2024 | 8:32 pm

SLB

High-rolling investors are showing a bullish sentiment on Schlumberger (NYSE:SLB) through significant options trading, as reported by Benzinga. The analysis of options data reveals a majority of trades are bullish, with a notable volume and open interest in contracts predicting SLB's price to range between $40.0 to $50.0. Currently, SLB's stock is slightly down at $48.75, with neutral RSI readings and an anticipated earnings release in 53 days. Analysts have set an average target price of $71.5 for SLB, despite recent downgrades.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 8:31 pm

TEAM

Recent options trading activity indicates a bullish stance on Atlassian (NASDAQ:TEAM) by big-money investors, with a notable split in sentiment (62% bullish, 37% bearish). The trading volume and open interest suggest a price target range of $180 to $240. Significant trades include both calls and puts with varying sentiments and expiration dates. Atlassian's current trading volume is 627,414, with a slight price decrease of -0.19%, standing at $204.06. The RSI may indicate the stock is oversold, with an earnings announcement expected in 66 days. Analysts from Goldman Sachs and UBS maintain neutral ratings with target prices of $215 and $250, respectively.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 8:31 pm

CVX

Chevron (NYSE:CVX) has seen a significant uptick in options trading activity, with a notable bias towards bullish sentiment. Benzinga's options scanner revealed 20 unusual trades, with 60% being bullish and 40% bearish, indicating expectations for CVX's stock price to reach between $120 and $180 in the next three months. The company, a major player in the energy sector, has a current stock price of $154.62, with market experts setting a consensus target price of $175. The recent options activity could suggest insider knowledge or speculation on future price movements.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 8:31 pm

MAR

Marriott Intl (NASDAQ:MAR) has delivered an average annual return of 21.39% over the past 15 years, outperforming the market by 7.29% annually. A $100 investment in MAR 15 years ago would now be worth $1,874.60, showcasing the impact of compounded returns on investment growth. Marriott Intl currently has a market capitalization of $72.66 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 8:30 pm