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ETHUSD

A Bitwise and VettaFi survey reveals 88% of financial advisors are waiting for a spot Bitcoin ETF approval to buy BTC, with only 39% expecting approval in 2024. Interest in Bitcoin among advisors dropped to 37% in 2023, while Ethereum interest increased to 25%. The report suggests crypto will become a normalized allocation, with 47% of advisors allocating more than 3% to crypto in 2023, up from 22% in 2022. Advisors also noted that clients are investing in crypto independently.

Portfolio Pulse from Khyathi Dalal

January 05, 2024 | 9:01 pm

BIDU

Over the past 15 years, Baidu (NASDAQ:BIDU) has delivered an average annual return of 22.39%, outperforming the market by 10.52% on an annualized basis. A $100 investment in BIDU 15 years ago would be worth $1,959.22 today. Baidu's market capitalization currently stands at $41.32 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) is experiencing significant whale movements, with over 450 million DOGE transferred to Binance and unknown wallets, and large amounts moved to and from Robinhood. Despite a slight price dip and volume drop, DOGE has climbed 13.4% over two months. The DOGE-1 moon mission, funded by DOGE and approved by NTIA and FCC, is set to launch in February, potentially increasing investor interest and FOMO. The mission will broadcast Dogecoin-inspired digital art from space.

Portfolio Pulse from Khyathi Dalal

January 05, 2024 | 8:55 pm

CANE

El Niño's impact on global weather patterns is causing a dry spell in key sugar-producing regions like India and Thailand, leading to a potential surge in sugar prices in 2024. The US Department of Agriculture predicts a 5.6% increase in retail sugar and sweets prices, which could affect developing countries significantly. US consumers may be less affected due to domestic pricing regulations. Investors can trade futures or invest in commodity ETFs like the Teucrium Sugar ETF (CANE), which is currently showing a neutral trend with a bearish short-term indication.

Portfolio Pulse from Johnny Rice

January 05, 2024 | 8:34 pm

MELI

Over the past 10 years, MercadoLibre (NASDAQ:MELI) has significantly outperformed the market, with an average annual return of 31.66%. A $100 investment in MELI a decade ago would now be worth $1,549.99. The company's current market capitalization stands at $77.23 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 8:00 pm

AMT

American Tower (NYSE:AMT) has seen a 5.84% increase in short interest since the last report, with 6.57 million shares sold short, representing 1.63% of available shares. It would take 2.78 days to cover these short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, AMT has less short interest, with a peer group average of 4.86%. Short interest can sometimes be a bullish indicator.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 8:00 pm

AGL

APLT

AXGN

BNZI

MPW

RCAC

STZ

U.S. stocks saw gains with the Dow Jones rising by 50 points. Constellation Brands Inc (NYSE:STZ) reported Q3 earnings with higher-than-expected EPS but lower sales, leading to a reduced FY24 EPS outlook. AxoGen, Inc. (NASDAQ:AXGN) shares surged on positive preliminary revenue and CEO retirement news. Banzai International, Inc. (NASDAQ:BNZI) spiked after announcing a letter of intent to acquire IGLeads. Revelstone Capital Acquisition Corp. (NASDAQ:RCAC) saw a jump in shares after cancelling a special meeting for a business combination. Applied Therapeutics, Inc. (NASDAQ:APLT), agilon health, inc. (NYSE:AGL), and Medical Properties Trust, Inc. (NYSE:MPW) experienced significant share price drops due to negative clinical trial results, lowered financial outlook, and exposure reduction plans, respectively. Crude oil prices increased by 2.3%, while gold saw a slight decline.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 7:30 pm

A

Agilent Technologies (NYSE:A) has delivered an average annual return of 13.93% over the past 15 years, outperforming the market. A $1000 investment in Agilent Technologies 15 years ago would be worth $7,076.67 today. The company's current market capitalization stands at $38.09 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 7:30 pm

BSVUSD

Bitcoin SV (BSV) has experienced a 3.55% price drop over the last 24 hours, reaching $81.56, and a 17% decline over the past week from $97.88. The trading volume has decreased by 87%, while the circulating supply has increased by 1.8% to 19.60 million coins, which is 93.33% of the maximum supply. Bitcoin SV's market cap is currently ranked #50 at $1.60 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 7:03 pm

QNTUSD

Quant (CRYPTO: QNT) has seen a significant price drop of 7.15% in the past 24 hours, reaching $120.01, and an 11% decrease over the past week from $134.92. The trading volume has decreased by 25%, while the circulating supply has slightly increased. Quant's market cap ranking is currently #47, with a valuation of $1.75 billion.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 7:02 pm