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BTCUSD

Bitwise CIO Matt Hougan expressed optimism about the anticipated approval of spot Bitcoin ETFs, which he believes will bring Bitcoin into the mainstream investment world. Hougan suggested that the ETFs could launch as early as Thursday, and emphasized the benefits of fee reductions for investors. He acknowledged the risks highlighted by SEC Chair Gary Gensler but noted that ETFs could offer a safer investment option. Hougan also sees Bitcoin as a potential global reserve asset and expects a surge of institutional investors post-ETF approval.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 6:57 pm

VLO

Financial giants have shown a bullish stance on Valero Energy (NYSE:VLO) based on recent options trades. Analysis of Valero Energy's options history revealed 9 unusual trades, with a majority being bullish. The trades suggest a focus on a price range of $95.0 to $135.0 for VLO. The company is a major independent refiner with significant operations in the US, Canada, and the UK. Currently, VLO's stock price is down by -1.28% at $127.62, and the RSI indicates it may be approaching overbought territory. The next earnings report is due in 16 days.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:31 pm

NUE

Over the past 5 years, Nucor (NYSE:NUE) has produced an average annual return of 24.68%, outperforming the market by 11.68%. A $1000 investment in NUE 5 years ago would now be worth $2,995.41. Nucor's market capitalization stands at $42.47 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:30 pm

ADA-USD

AVAX-USD

SHIB-USD

SOL-USD

XRP-USD

The cryptocurrency market is experiencing notable activity with a 588% surge in Shiba Inu's burn rate and a 1,300% increase in whale transactions. Solana's ecosystem boasts over 2,500 monthly active developers. Solana (SOL) and Avalanche (AVAX) are up in trading, while memecoins Bonk (BONK) and Celestia (TIA) have seen significant increases. XRP saw a large transfer of 100 million coins. Crypto analyst Ali Martinez predicts a potential bull run for Solana and a consolidation period for Cardano (ADA) until April 2024, with a possible resumption of a bull run thereafter. He also notes that the negative market sentiment for XRP could offer unique opportunities.

Portfolio Pulse from Khyathi Dalal

January 09, 2024 | 6:20 pm

AMAT

Over the past 5 years, Applied Materials (NASDAQ:AMAT) has produced an average annual return of 34.86%, outperforming the market by 21.86%. A $100 investment in AMAT 5 years ago would be worth $434.27 today. The company's market capitalization currently stands at $124.58 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:00 pm

INTU

Over the past 15 years, Intuit (NASDAQ:INTU) has delivered an average annual return of 24.21%, outperforming the market by 12.01% on an annualized basis. A $1000 investment in Intuit 15 years ago would be worth $25,086.07 today. Intuit's market capitalization currently stands at $168.89 billion.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:00 pm

ETHUSD

On Monday, 5,068.77 Ether (ETH) valued at approximately $11.48 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -4.30% for Ether, indicating a deflationary trend, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 6:00 pm

AAPL

IBM

INTC

META

QCOM

TSLA

TSM

Samsung Electronics topped the U.S. patent recipient list for 2023 with 6,165 patents, followed by Qualcomm, TSMC, and IBM. Apple, Micron, and Intel were also in the top 10, while Meta and Tesla were notably absent. The patent landscape shows growth in autonomous driving, electrical smoking devices, quantum computing, breathing masks, and nanotechnology. U.S. patents issued decreased by 3.4% in 2023, with U.S. companies securing nearly half of all patents. Japan and South Korea are also significant recipients, despite declines.

Portfolio Pulse from Surbhi Jain

January 09, 2024 | 5:40 pm

USO

The U.S. Energy Information Administration forecasts that OPEC+ will increase crude oil production by 700,000 barrels per day in 2025 as current output cuts expire, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:31 pm

USO

The U.S. Energy Information Administration forecasts a decline in OPEC+ crude oil production by 600,000 barrels per day in 2024. This projection could influence global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 5:30 pm