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SPY

UNG

The U.S. reported a natural gas storage draw of 154 billion cubic feet, compared to the expected draw of 164 billion and the previous draw of 140 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 3:30 pm

DESK

HPP

KIM

ONL

OPI

PGRE

SPY

VNO

XLRE

The office real estate market faces a challenging period with $2.77 trillion of commercial real estate debt maturing from 2023 to 2027, nearly $500 billion in 2024 alone. High interest rates and declining property values complicate refinancing. The Fed Beige Book noted suppressed transactions and concerns over credit performance. Stocks in the sector, including the VanEck Office and Commercial REIT ETF (DESK), have declined. Worst-performing CRE stocks include Office Properties Income Trust (OPI), Orion Office REIT Inc. (ONL), Hudson Pacific Properties, Inc. (HPP), Paramount Group, Inc. (PGRE), Vornado Realty Trust (VNO), and Kimco Realty Corporation (KIM). The broader market and real estate sector, represented by SPDR S&P 500 ETF Trust (SPY) and Real Estate Select Sector SPDR Fund (XLRE), have outperformed the office real estate segment.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 3:26 pm

SOL-USD

Myro, a Solana-based memecoin, saw a 48% increase in price and a 105% increase in trading volume after being listed on ByBit's spot exchange. The listing and subsequent price surge mirror the pattern of another memecoin, dogwifhat. Myro also announced a staking feature in December 2023. The coin's market cap has increased tenfold in 30 days, outperforming other memecoins. Influencer Ben Armstrong suggested Myro could surpass BONK and reach the top 100 coins. Traders are cautioned about the risks of memecoins.

Portfolio Pulse from Khyathi Dalal

January 18, 2024 | 3:20 pm

TRAD

TradeStation Crypto, a subsidiary of TradeStation Group, has announced it will cease spot cryptocurrency trading. The company will stop accepting new account applications and customer deposits for its crypto division immediately. All trading and withdrawals will be suspended on Feb. 22, 2024. This decision does not affect TradeStation Securities, which will continue to support trading in crypto-related instruments on regulated exchanges. TradeStation recently added Aave, Compound, Chainlink, Polygon, Maker, and Shiba Inu to its trading offerings.

Portfolio Pulse from Murtuza Merchant

January 18, 2024 | 3:11 pm

MKRUSD

Maker (MKR), a cryptocurrency, has seen a 3.03% price increase over the past 24 hours, reaching $2,024.81, despite a 10% decline over the past week from $2,225.67. The coin is currently far from its all-time high of $6,292.31. Trading volume has decreased by 63% over the past week, while the circulating supply has risen by 0.65% to 922 thousand, which is 91.7% of the maximum supply. Maker's market cap is ranked #48 at $1.87 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:02 pm

IMXUSD

Immutable's cryptocurrency, IMX, has experienced a 3.45% price drop over the last 24 hours, continuing a weekly decline of 11%. The trading volume has decreased by 47%, and the circulating supply has slightly dropped. Despite this, IMX maintains a market cap ranking of #37, valued at $2.64 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:02 pm

OPUSD

Cryptocurrency Optimism (OP) has seen a 4.46% price drop to $3.35 in the last 24 hours, continuing a weekly downward trend with a 14.0% loss. Trading volume decreased by 74.0%, and circulating supply fell by 0.89% to 957.38 million, which is 22.29% of its max supply. Optimism's market cap is ranked #30 at $3.20 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:01 pm

AVXL

Anavex Life Sciences (NASDAQ:AVXL) has delivered an average annual return of 28.04% over the past 5 years, outperforming the market by 15.54% annually. A $1000 investment in AVXL 5 years ago would be worth $3,441.86 today. The company's current market capitalization stands at $500.73 million.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has significantly outperformed the market, with an average annual return of 85.68% over the past 5 years. A $100 investment in SMCI 5 years ago would be worth $2,207.13 today. The company's market capitalization stands at $18.43 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has dropped 4.2% in the last 24 hours, continuing a weekly downtrend with a 15.0% loss. The trading volume has decreased by 55.0%, and the circulating supply has slightly reduced. MATIC's market cap ranking is currently #16, with a valuation of $7.51 billion.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 3:00 pm