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SPY

Chase Coleman's Tiger Global Management hedge fund saw a 28.5% gain in 2023, rebounding from a 7% loss in 2021 and a 56% drop in 2022. The firm's long-only fund lost over half its value, and its largest venture fund was down 18% by September's end. Valuations for investments in Bored Ape Yacht Club and OpenSea were cut by 69% and 94%, respectively. Scott Shleifer stepped down as the private investment head but remains a senior advisor.

Portfolio Pulse from Vandana Singh

January 05, 2024 | 5:28 pm

LLY

MRK

MRNA

PFE

STZ

TAP

VYM

The article discusses the financial benefits of participating in Dry January, where people abstain from alcohol, saving money that could be invested. It mentions the Vanguard High Dividend Yield ETF (VYM) as a comparable U.S. investment to a U.K. dividend yield ISA. It also highlights healthcare stocks like Eli Lilly (LLY), Pfizer (PFE), Moderna (MRNA), and Merck & Company (MRK) as potential investments, with LLY making gains from weight-loss treatments and PFE close to releasing a similar product. Alcohol company stocks like Molson Coors (TAP) and Constellation Brands (STZ) have also seen increases in the first week of January.

Portfolio Pulse from Neil Dennis

January 05, 2024 | 5:20 pm

BTCUSD

Arthur Hayes, BitMEX founder, predicts a potential 20-30% correction in Bitcoin's price by early March 2024 due to economic indicators and market trends. He cites the declining Reverse Repo Program balance, the expiration of the Bank Term Funding Program, and the Federal Reserve's interest rate decision as key factors. Despite this, he also sees a possibility for Bitcoin's price to surge above $60,000 driven by U.S.-listed spot Bitcoin ETFs. Hayes plans to short the crypto market with Bitcoin puts in the short term and then buy Bitcoin post-correction.

Portfolio Pulse from Murtuza Merchant

January 05, 2024 | 4:36 pm

WM

Over the past 10 years, Waste Management (NYSE:WM) has produced an average annual return of 15.05%, outperforming the market by 5.19% on an annualized basis. A $100 investment in WM a decade ago would be worth $403.93 today. Waste Management's market capitalization currently stands at $71.57 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:30 pm

CMCSA

Comcast (NASDAQ:CMCSA) is analyzed in comparison to its competitors in the Media industry. The analysis includes financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Comcast's ratios suggest potential undervaluation, with lower P/E, P/B, and P/S than the industry average. However, its ROE is below the industry average, indicating potential inefficiency. Comcast's EBITDA and gross profit are significantly above the industry average, showing strong profitability and cash flow. Revenue growth is also higher than the industry average, suggesting market share gains. The debt-to-equity ratio is moderate, indicating a balanced financial structure.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm

MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has significantly outperformed the market, yielding an average annual return of 28.89%. A $100 investment in MSCI a decade ago would now be worth $1,269.89. MSCI's market capitalization currently stands at $43.90 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm

HWKN

Hawkins Inc. (NASDAQ: HWKN) has seen increased institutional holdings, with firms like Charles Schwab Investment Management, Citadel Advisors, and Renaissance Technologies adding to their positions. Hawkins reported strong Q2 FY24 earnings with record gross profit and operating income, and growth in its Water Treatment segment. The company has a history of dividend growth and share repurchases, maintaining a low payout ratio. Management's compensation aligns with shareholder interests, and the company boasts high ROE and ROIC. Hawkins has solid financial health with low debt and is expected to grow due to capital expenditures. A reverse discounted cash flow analysis suggests that HWKN is undervalued, with a potential implied return of nearly 60%.

Portfolio Pulse from Quiver Quantitative

January 05, 2024 | 3:23 pm

CROUSD

Cronos (CRYPTO: CRO) has experienced a 4.64% price drop over the past 24 hours, continuing a weekly decline of 7.0%. The trading volume for Cronos has increased by 67.0% over the past week, while the circulating supply rose by 0.46%, reaching 26.46 billion. Cronos is currently ranked #38 by market cap, which stands at $2.45 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 3:03 pm

SPY

The Durables Ex Defense Month-over-Month (MoM) figure for November remained unchanged at 6.5%, the same as the prior month's figure.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:02 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) has seen a 3.31% price drop in the last 24 hours, continuing a weekly downward trend with a 14.0% loss. The trading volume has decreased by 52.0%, while the circulating supply has increased by 0.45%. Ethereum Classic's market cap is currently ranked #35 at $2.84 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 3:02 pm