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SPY

USO

The latest report on USA crude oil inventories showed a draw of 1.536 million barrels, contrasting with the expected build of 0.900 million barrels and the previous build of 1.367 million barrels. This indicates a decrease in crude oil inventories, contrary to expectations and the prior period's increase.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 2:30 pm

TXN

Over the past 10 years, Texas Instruments (NASDAQ:TXN) has outperformed the market with an annualized return of 14.29%, turning a $1000 investment into $3,813.78 today. The company's market capitalization stands at $158.18 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:30 pm

IBIT

Bitcoin reached a new peak of $73,709, marking its fourth high in six days, driven by a surge in investments into U.S.-based Bitcoin ETFs, with a record $1.05 billion inflow on March 12. Blackrock's IBIT captured $849 million of this. Ether also rose 3.3% to $4,083, up 75% since the year's start. The Ethereum ecosystem anticipates cost reductions from the Dencun software update, benefiting Layer-2 networks like Arbitrum, Polygon, and Coinbase's Base.

Portfolio Pulse from Murtuza Merchant

March 13, 2024 | 2:23 pm

LICY

Li-Cycle's stock is trading higher following the announcement of a $75 million senior secured convertible note agreement with an affiliate of Glencore.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:15 pm

GS

SPY

Goldman Sachs Asset Management's Co-Head of Real Estate indicates the U.S. commercial property market is 'bottoming out' and plans to increase investments this year. However, due to 'over-levered situations' in the U.S. real estate sector, a V-shaped market recovery is not anticipated.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 2:08 pm

NUE

Over the past 5 years, Nucor (NYSE:NUE) has outperformed the market with an annualized return of 25.36%, turning a $1000 investment into $3,098.63 today. Nucor's market capitalization stands at $44.42 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:00 pm

EOG

EOG Resources (NYSE:EOG) has delivered an average annual return of 12.72% over the past 20 years, outperforming the market by 4.66% on an annualized basis. With a current market capitalization of $70.76 billion, a $100 investment in EOG stock 20 years ago would be worth $1,101.01 today.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:00 pm

BTCUSD

ETHUSD

RUNEUSD

TONUSD

Bitcoin and Ethereum saw gains, with Bitcoin surpassing the $73,000 mark and Ethereum trading above $4,000. The global crypto market cap increased by 2.1% to $2.76 trillion. Toncoin and THORChain were among the top gainers, while Kaspa experienced the largest drop. The article lists the top ten crypto gainers and losers over the past 24 hours.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 1:49 pm

ADBE

Recent options activity for Adobe (NASDAQ:ADBE) shows a bearish sentiment among investors, with 72% of trades being bearish. The activity includes 22 trades, with a notable range of strike prices from $445.0 to $630.0. The volume and open interest suggest whales are targeting this price range for Adobe over the last 3 months. Noteworthy trades include both bullish and bearish sentiments, with significant total trade prices. Adobe's current market status is neutral with a price of $579.13, and experts have set an average target price of $682.5 for the stock.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:46 pm

COIN

HOOD

Shiba Inu (SHIB) experienced a significant movement with 6.84 trillion tokens shifted to Coinbase, Binance, Robinhood, Cumberland, and Wintermute, worth $227 million. This activity coincides with a drop in SHIB's price by 5.7% and a spike in whale transactions. The Shib community believes Shiboshi NFTs offer 'passive income for life,' a sentiment echoed by Shiba Inu's marketing lead and lead developer. Despite a recent ranking drop, Shiba Inu's utility in the blockchain space is highlighted.

Portfolio Pulse from Khyathi Dalal

March 13, 2024 | 1:17 pm