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GOOG

GOOGL

During a conference call, Alphabet's CFO announced that the company's capital expenditures (Capex) for 2024 will be significantly higher. This indicates that Alphabet is likely planning to invest more in its infrastructure, research and development, or other areas that could drive future growth.

Portfolio Pulse from Charles Gross

January 30, 2024 | 10:06 pm

USO

The API reported a weekly crude oil stock draw of 2.5 million barrels, significantly exceeding the estimated draw of 867,000 barrels. This larger-than-expected decrease in crude oil inventories could suggest higher demand or lower supply than anticipated.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:43 pm

CP

Canadian Pacific Kansas City forecasts its capital expenditures for FY24 to be $2.75 billion, indicating significant investment in its infrastructure and operations.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:40 pm

XLE

Ed Yardeni, a seasoned Wall Street investor, recommended energy stocks as a hedge against potential oil price shocks due to Middle East volatility. He drew parallels with the 1970s oil crises and mentioned the Russian conflict in Ukraine as a potential catalyst for another shock. Yardeni also discussed the tech sector's strength and the Federal Reserve's policy dilemma, suggesting a moderate approach to interest rate cuts. The Energy Select Sector SPDR Fund (XLE) has risen 5% in the past week.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 9:33 pm

ETH

TAO

Bittensor (CRYPTO: TAO) reached a new all-time high of $470, influenced by Ethereum founder Vitalik Buterin's mention of its potential in AI incentives and Nous Research's announcement of a Cortex subnet on Bittensor. OSS Capital committed to a $25 million investment in the Bittensor ecosystem. TAO's price surged 23.5% in 24 hours, with a 73% increase week-over-week and a 378% year-over-year. Trading volumes rose by 351.5%. Grayscale noted adoption signs in AI-related cryptocurrencies, and technical analyst Parabolic Pump set a target of $10,000 per TAO, citing bullish signals.

Portfolio Pulse from Khyathi Dalal

January 30, 2024 | 9:21 pm

DHI

ITB

LEN

PHM

Mortgage rates have risen to 6.69%, causing U.S. home loan applications to hit a 28-year low. Despite this, cash sales for homes have increased, with the national average share for cash sales rising to 38% in 2023. D.R. Horton reported higher sales and revenues but with reduced margins and earnings. The iShares U.S. Home Construction ETF, which includes D.R. Horton, Lennar, and Pulte Group among its top holdings, saw a 67% gain over the year.

Portfolio Pulse from Neil Dennis

January 30, 2024 | 8:15 pm

NEAR-USD

NEAR Protocol (CRYPTO: NEAR) has seen a 4.54% price increase over the past 24 hours, reaching $3.16. Over the past week, the cryptocurrency has risen over 22%, from $2.58. Despite the recent gains, it is still well below its all-time high of $20.44. Trading volume has surged by 32% in the past week, and the circulating supply has grown by 0.2% to over 1.03 billion coins. NEAR currently ranks 30th in market cap at $3.27 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:03 pm

ICPUSD

Internet Computer's (CRYPTO: ICP) price has decreased by 4.28% over the past 24 hours to $11.99, despite a weekly uptrend of 17.0%. The coin's volatility is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 15.0% over the past week, while the circulating supply increased by 0.65% to 457.35 million. ICP's market cap is currently ranked #18 at $5.48 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:02 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a significant price increase of 7.56% in the last 24 hours, reaching $25.93. Over the past week, ETC has gained 16.0%, rising from $22.4. The coin's all-time high is $167.09. Trading volume for ETC has increased by 22.0% over the past week, and the circulating supply has grown by 0.07% to 143.20 million, which is 67.96% of the max supply. Ethereum Classic currently ranks #26 in market cap at $3.71 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:01 pm