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IBM

Financial analysts have observed a bullish trend in IBM's options trading, with a significant number of trades predicting a price range between $130.0 and $180.0. The analysis of 15 unusual trades showed a majority bullish sentiment, with 13 calls valued at $1,123,079 and 2 puts worth $89,145. Notable options activity highlighted specific trades with varying sentiments and strike prices. IBM's current market performance shows a slight increase in stock price to $166.02, with professional analysts giving mixed ratings and price targets ranging from $130 to $190.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

SEE

Four financial analysts have recently shared mixed evaluations of Sealed Air (NYSE:SEE), with a consensus 12-month price target of $39.5. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Sealed Air's financial indicators such as revenue growth, net margin, ROE, ROA, and debt management are also discussed, providing a comprehensive overview of the company's market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

VRT

Vertiv Hldgs (NYSE:VRT) has seen a bullish trend in options trading, with 64% of trades being bullish and 21% bearish. The trading volume and open interest suggest a price range of $70.0 to $125.0. Significant trades include bullish calls and puts with strike prices around $90 and $70. The company's stock price is currently up 2.01% at $94.02, with analysts giving mixed ratings and target prices ranging from $90 to $110. The next earnings report is due in 89 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:01 pm

PATK

Patrick Industries (NASDAQ:PATK) received mixed analyst ratings, with a recent shift towards more bullish views. The average 12-month price target was raised to $122.5, reflecting an 11.03% increase from the previous target. The company faces challenges with a revenue decline of -17.94% and below-average net margin, but it has a strong ROE of 2.97%. Analysts from BMO Capital, Truist Securities, Keybanc, and Roth MKM have updated their ratings and price targets, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

SCHW

Over the past 20 years, Charles Schwab (NYSE:SCHW) has produced an average annual return of 10.6%, outperforming the market by 2.61% on an annualized basis. A $100 investment in SCHW 20 years ago would be worth $775.38 today. The company's current market capitalization stands at $138.70 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

RIOT

Riot Platforms (NASDAQ:RIOT) has delivered an average annual return of 19.85% over the past 5 years, outperforming the market by 7.69% annually. A $100 investment in RIOT 5 years ago would now be worth $224.73. The company currently has a market capitalization of $3.08 billion.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:00 pm

FYBR

RSPC

XTL

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a 1.5% year-on-year revenue growth to $1.46 billion, beating analyst estimates. EPS was $0.00, surpassing the expected loss. Growth was driven by fiber-based products and an 18% increase in fiber broadband customers. The company also reiterated its FY24 EBITDA outlook of $2.20 billion to $2.25 billion. FYBR shares rose 7.29% to $25.75. The stock is also part of Invesco S&P 500 Equal Weight Communication Services ETF (NYSE:RSPC) and SPDR S&P Telecom ETF (NYSE:XTL).

Portfolio Pulse from Anusuya Lahiri

May 03, 2024 | 5:56 pm

AAPL

AMGN

EXPE

IWM

A weaker-than-expected jobs report led to a market rally, with hopes of interest rate cuts. The S&P 500 and Nasdaq 100 saw significant gains, with Apple Inc. surging nearly 7% after announcing a $110-billion buyback program. The iShares Russell 2000 ETF also rose. Cryptocurrencies, including Bitcoin, gained, with Bitcoin surpassing $61,000. Various stocks moved on earnings reports, with notable rises in Amgen Inc. and MercadoLibre Inc., and declines in Expedia Group Inc. and Fortinet Inc.

Portfolio Pulse from Piero Cingari

May 03, 2024 | 5:51 pm

ANGPY

BHP

GLNCY

KIROY

NGLOY

SOUHY

RBC Capital Markets analyst Marina Calero suggests a Glencore (OTC:GLNCY) and Anglo American (OTC:NGLOY) merger would offer more synergies than BHP Group's (NYSE:BHP) $39 billion offer for Anglo American. The potential Glencore-Anglo merger could leverage closer asset proximity and marketing synergies, particularly in copper and coal sectors. Anglo American rejected BHP's offer, citing it as too low and unattractive due to conditions requiring divestitures of Anglo American Platinum Ltd. (OTC:ANGPY) and Kumba Iron Ore Ltd. (OTC:KIROY). A Glencore-Anglo merger might retain these assets, offering a strategic advantage.

Portfolio Pulse from Matt Whittaker

May 03, 2024 | 5:46 pm

SHOP

Shopify (NYSE:SHOP) has seen significant options trading activity, with a bullish sentiment from financial giants. Analysis of 34 unusual trades shows 61% bullish and 11% bearish tendencies. The trades include 8 puts and 26 calls, with calls valued at $1,173,819. Whales target a price range of $50.0 to $90.0 for Shopify. The largest options trades indicate mixed sentiments, with both bearish and bullish calls for future dates. Shopify's stock is up 2.85% at $74.05, with an RSI indicating it may be approaching overbought territory. Next earnings are expected in 5 days.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 5:46 pm