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OAIB

China has approved the expansion of the Julong copper mine, making it the world's largest, as part of its strategy to secure more copper resources. Copper's importance is highlighted due to its use in electricity and battery technology, essential for the global energy transition. The US and China are competing globally, including in Zambia, to secure copper supplies. For investors, the article suggests ETFs as a way to invest in copper, highlighting the Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB) which invests in critical base metals and has shown a 12.65% annualized return from 2017-2023.

Portfolio Pulse from Johnny Rice

March 01, 2024 | 2:34 pm

MELI

Over the past 15 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 37.11%, turning a $1000 investment into $109,964.87 today. The company now has a market capitalization of $80.88 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:30 pm

DSX

Diana Shipping Inc. (DSX) has entered into a time charter contract with Louis Dreyfus Company for the m/v Crystalia, an Ice Class Panamax dry bulk vessel. The contract, starting in Q2 2024, has a gross charter rate of $13,900 minus a 5% commission, for 21 to 25 months, expected to generate $8.76 million in gross revenue. Following the sale of m/v Houston and m/v Artemis, DSX's fleet will include 38 vessels, with plans to add two methanol dual fuel Kamsarmax vessels by 2028. The current fleet's capacity is about 4.5 million dwt.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:19 pm

CPRT

Copart (NYSE:CPRT) has seen a 17.82% increase in its short percent of float since the last report, with 9.22 million shares sold short, representing 1.19% of available shares. It would take about 2.62 days to cover these short positions based on current trading volume. This rise in short interest could indicate a more bearish market sentiment towards Copart, although it has less short interest compared to its peers' average of 3.49%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

IOVA

Iovance Biotherapeutics (NYSE:IOVA) has seen a decrease in short interest, now at 16.64% of float, down 6.67% from the last report. With 42.98 million shares sold short, it would take about 7.73 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards IOVA, potentially signaling a more bullish outlook compared to its peers, which have an average short interest of 10.54%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

PXD

Pioneer Natural Resources (NYSE:PXD) has seen an 8.78% increase in short percent of float since its last report, with 6.62 million shares sold short, representing 2.85% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 6.43% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:15 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) reported a significant increase in its Bitcoin mining operations for February 2024, with a 60% growth in hashrate to over 16 EH/s and a 12% increase in Bitcoin production. The company now holds 4,218 Bitcoin in its treasury, valued at almost $260 million. CleanSpark also highlighted the operational progress of its newly acquired facilities in Mississippi and a property in Dalton, expecting further gains in hashrate and energy efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:01 pm

AMZN

Over the past decade, Amazon.com (NASDAQ:AMZN) has significantly outperformed the market, yielding an average annual return of 25.24%. A $100 investment in AMZN 10 years ago would now be worth $948.79. Amazon's market capitalization stands at $1.83 trillion, highlighting the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:01 pm

LLY

Eli Lilly and Co (NYSE:LLY) has significantly outperformed the market with an average annual return of 29.27% over the past 10 years, turning a $1000 investment into $12,873.97 today. The company's market capitalization stands at $726.97 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 2:01 pm

NTIP

Network-1 Technologies, Inc. has been granted a new patent by the U.S. Patent Office, expanding its Machine-to-Machine (M2M)/Internet of Things (IoT) patent portfolio to a total of 51 patents worldwide. This development strengthens the company's intellectual property position in the rapidly growing M2M/IoT sector.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 1:47 pm