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ADAUSD

Cardano's (CRYPTO: ADA) price has increased by 4.76% in the last 24 hours to $0.54, despite a 12% decline over the past week from $0.62. The coin's all-time high is $3.09. Trading volume has surged by 103% over the past week, and the circulating supply has grown by 0.09% to over 35.06 billion, which is 77.92% of the max supply. ADA's market cap is currently ranked #9 at $19.02 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:02 pm

SOLUSD

Solana's (CRYPTO: SOL) price has increased by 3.99% in the last 24 hours, reaching $98.29, despite a weekly downtrend of 11%. The coin's all-time high is $259.96. Trading volume is up 61% over the week, while circulating supply decreased by 0.46%. Solana's market cap ranks it 5th at $42.62 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:02 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a 4.29% price increase in the last 24 hours, reaching $2,340.19, despite a 1.0% decline over the past week. The coin's all-time high is $4,878.26. Trading volume surged by 127.0%, while the circulating supply dropped by 0.61%. Ethereum currently holds the #2 market cap position at $282.16 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:01 pm

Deere (NYSE:DE) has delivered an impressive average annual return of 20.13% over the past 5 years, outperforming the market. An initial investment of $1000 in DE stock would now be worth $2,488.69. Deere's market capitalization stands at $110.26 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:00 pm

BTCUSD

Bitcoin (BTC) has seen a significant price increase of 6.37% in the last 24 hours, reaching $46,945. The past week also saw a rise of over 6% from $43,113.39. The trading volume surged by 89% over the week, while the circulating supply slightly decreased by 0.4%. Bitcoin's market cap remains at the top, currently valued at $919.10 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 7:00 pm

SCCO

Southern Copper (NYSE:SCCO) has seen a 3.4% decrease in short interest since its last report, with 5.79 million shares sold short, representing 6.81% of its float. The average time to cover these short positions is 4.77 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Southern Copper has a higher short interest compared to its peers, with an average of 3.54% in the peer group.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:30 pm

FAST

Fastenal (NYSE:FAST) has experienced a 5.06% increase in short interest since its last report, with 18.71 million shares sold short, representing 3.74% of its float. It would take about 4.63 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a price drop. Fastenal's short interest is below its peer group average of 5.10%.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:30 pm

PSA

Over the past 20 years, Public Storage (NYSE:PSA) has delivered an average annual return of 9.92%, outperforming the market by 2.55% annually. A $100 investment in PSA 20 years ago would be worth $667.53 today. Public Storage currently has a market cap of $52.51 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:30 pm

AMD

DIA

IWM

NVDA

OIH

QQQ

SMH

SPY

TLT

XLK

XLRE

XOP

US stocks saw a rebound with the Nasdaq 100 and small-cap stocks leading the gains, while the Dow Jones was weighed down by Boeing's struggles. Semiconductor stocks like NVIDIA and AMD posted significant gains. The 10-year Treasury Note yield fell, and energy commodity prices dropped. Bonds recovered, and the U.S. dollar depreciated. Bitcoin rose above $45,000, while gold prices fell. Sector ETFs like XLK and XLRE saw upticks, whereas XOP and OIH experienced declines. Notable stock movements included Boeing's drop after an FAA grounding order, NVIDIA's rise on AI chip production news, AMD's gain after a new processor reveal, American Airlines' upgrade by Morgan Stanley, Crocs' surge on raised sales forecast, and Abercrombie & Fitch's increase after raising its sales forecast.

Portfolio Pulse from Piero Cingari

January 08, 2024 | 6:15 pm

DOGEUSD

ETHUSD

SHIBUSD

SOLUSD

Solana (CRYPTO: SOL) has experienced a 9.9% drop over the past week, with Solana-based memecoins such as Bonk, dogwifhat, and WOOF seeing even larger declines. Despite a strong rally in December, the recent downturn is attributed to profit-taking and a shift of investor interest towards other cryptocurrencies, possibly influenced by the anticipation of a Bitcoin ETF. Established memecoins like Dogecoin and Shiba Inu also fell but less sharply. Analyst Michaël van de Poppe suggests the altcoin correction is temporary and may rebound post-ETF frenzy.

Portfolio Pulse from Khyathi Dalal

January 08, 2024 | 6:07 pm