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Assets

USO

Oil prices fell after the U.S. Energy Information Administration reported unexpected increases in gasoline and other refined product stockpiles, indicating slowing demand. Brent crude and Nymex WTI both experienced volatility, with prices dropping during afternoon trade in New York. The United States Oil Fund (USO) also fell by 1%. Additionally, gasoline stockpiles saw a significant increase, the largest in over three decades, while distillate stocks also rose. Crude inventories decreased, partly due to higher refinery throughput and shipping route changes. Meanwhile, Libyan oilfield closures due to protests added earlier upward pressure on oil prices.

Portfolio Pulse from Neil Dennis

January 04, 2024 | 8:32 pm

MPWR

Over the past 10 years, Monolithic Power Systems (NASDAQ:MPWR) has produced an average annual return of 32.55%, outperforming the market by 22.73% on an annualized basis. A $1000 investment in MPWR a decade ago would be worth $16,938.33 today. The company currently holds a market capitalization of $27.50 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:30 pm

ZTS

Over the past 5 years, Zoetis (NYSE:ZTS) has outperformed the market with an average annual return of 17.52%, turning a $100 investment into $227.48. Zoetis currently has a market cap of $89.06 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

V

Over the past 10 years, Visa (NYSE:V) has produced an average annual return of 16.67%, outperforming the market by 6.85% on an annualized basis. A $1000 investment in Visa a decade ago would now be worth $4,687.64. Visa's current market capitalization stands at $533.42 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:03 pm

BTCUSD

ETHUSD

SOLUSD

Digital asset investment products experienced a significant recovery in 2023, with $2.25 billion in inflows, led by Bitcoin with $1.9 billion. The SEC's openness to spot Bitcoin ETFs in the U.S. contributed to this surge. Ethereum and Solana also saw inflows but to a lesser extent. The U.S. had the largest inflows by country, but Germany led in terms of AUM percentage. Blockchain equities also saw a substantial increase in AUM and inflows. Market sentiment is influenced by the uncertainty of ETF approvals, with a shift towards uncorrelated multi-asset returns and strategic diversification in crypto investments. Options traders expect more volatility, with an increase in put options indicating potential bearish positions.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 7:58 pm

IWM

SPY

VOO

Mohamed El-Erian, Allianz's chief economic adviser, believes the bond market, with the U.S. 10 Year Treasury around 4%, is now more consistent with the economic outlook, suggesting the economy may avoid a deep recession. He previously indicated that a 2 Year Treasury Yield around 4% would make him more bullish on future stock market performance. The bond market is currently projecting a 62% chance of a rate cut in March. Meanwhile, SPDR S&P 500 (SPY) and Vanguard S&P 500 ETF (VOO) were slightly negative, while the iShares Russell 2000 ETF (IWM) was up slightly in Thursday's session.

Portfolio Pulse from Adam Eckert

January 04, 2024 | 7:43 pm

FAST

Over the past 20 years, Fastenal (NASDAQ:FAST) has produced an average annual return of 12.17%, outperforming the market by 4.77% on an annualized basis. A $1000 investment in FAST 20 years ago would be worth $10,144.57 today. Fastenal currently has a market capitalization of $35.52 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:30 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a 6.08% price increase over the past 24 hours to $2.19, despite a 5.0% decline over the past week from $2.31. The coin's all-time high is $9.52. Trading volume is up 26.0% for the week, and the circulating supply has increased by 2.13% to 1.32 billion, 66.1% of the max supply. IMX's market cap is currently ranked #37 at $2.89 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:06 pm

LDOUSD

Lido DAO's cryptocurrency (LDO) has seen a 4.09% increase in price over the past 24 hours, reaching $3.29. This uptrend is part of a larger 10% gain over the past week. Despite the recent rise, LDO is still below its all-time high of $7.30. The trading volume has increased by 25% over the past week, and the circulating supply has slightly risen to 890.18 million, which is 89.02% of the maximum supply. Lido DAO currently ranks 35th in market cap at $2.92 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 7:05 pm

PTON

TFC

TLT

WBA

XLF

Tech stocks continued to decline while the broader market showed flat performance. The ADP employment report exceeded expectations, suggesting a strong labor market. Treasury yields rose, reducing the likelihood of a March rate cut. The iShares 20+ Year Treasury Bond ETF (TLT) dropped significantly. The dollar remained stable, and Bitcoin recovered some losses. Financials outperformed with the Financial Select Sector SPDR Fund (XLF) rising, while real estate and solar sectors underperformed. Apple, Walgreens, and Peloton were notable stock movers, with Truist Financial (TFC) receiving an upgrade from Bank of America.

Portfolio Pulse from Piero Cingari

January 04, 2024 | 7:04 pm