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SPY

Alberto Musalem is set to succeed James Bullard as the President of the St. Louis Federal Reserve, starting his new role on April 2, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:31 pm

ICE

Intercontinental Exchange (NYSE:ICE) has delivered an average annual return of 16.5% over the past 15 years, outperforming the market. A $1000 investment in ICE 15 years ago would now be worth $9,743.83. The company currently has a market cap of $71.44 billion.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 4:30 pm

BTCUSD

The U.S. government holds a Bitcoin stash valued at $8.3 billion, raising concerns about market impact if liquidated. Seized from various operations, the stockpile has grown by $3.3 billion recently due to Bitcoin's price rally. Only 5% has been sold, but further liquidation could lead to a market plunge. Previous sales have shown the potential impact on Bitcoin prices. The uncertainty of when the U.S. or other countries like China might sell their holdings adds to market volatility.

Portfolio Pulse from Murtuza Merchant

January 04, 2024 | 4:27 pm

HIVE

HIVE Digital Technologies reported an increase in its Bitcoin holdings, ending December 2023 with 1,707 BTC, which is 80 BTC more than the previous month.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:15 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

New economic data suggests a stronger jobs picture than the market consensus, with lower weekly initial claims and higher ADP employment change than expected. This goes against the 'immaculate everything' consensus regarding the economy. A Wall Street analyst downgraded Apple Inc, affecting tech stock rallies. The Middle East situation is tenser after a deadly attack in Iran, increasing the probability of conflict. German CPI data shows inflation in line with expectations. Money flows are mixed for major tech stocks, negative for Apple and Amazon, and mixed for SPY and QQQ. Oil inventories show a larger draw than anticipated, and Bitcoin rises on ETF rumors. The Arora Report advises investors to maintain protection bands and hold cash for new opportunities, with a cautious approach to long-duration bond allocations.

Portfolio Pulse from The Arora Report

January 04, 2024 | 4:08 pm

SPY

UNG

USA gasoline inventories saw a significant build of 10.900 million barrels, contrasting with the prior draw of 0.669 million barrels. This unexpected increase in gasoline stockpiles could suggest lower demand or higher production levels.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:01 pm

SPY

UNG

USO

The EIA reported a significant build in weekly distillates stocks, with an increase of 10.090 million barrels compared to a draw of 0.741 million barrels in the prior period.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:00 pm

ADP

Automatic Data Processing (NASDAQ:ADP) is analyzed in comparison to its competitors in the Professional Services industry. ADP shows potential for growth with a P/E ratio below the industry average, a P/B ratio suggesting undervaluation, and a high P/S ratio indicating possible overvaluation in sales. The company's ROE, EBITDA, gross profit, and revenue growth are all notably higher than the industry average, demonstrating profitability and growth potential. ADP's lower debt-to-equity ratio compared to its top 4 peers suggests a strong financial position with less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 4:00 pm

SPY

USA crude oil inventories experienced a larger-than-expected drawdown of 5.503 million barrels compared to the estimated draw of 3.200 million barrels. This follows a prior draw of 7.114 million barrels.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 4:00 pm

ADI

An analysis of Analog Devices (ADI) compared to its peers in the Semiconductors & Semiconductor Equipment industry reveals mixed signals. ADI's P/E, P/B, and P/S ratios suggest undervaluation, while its ROE, EBITDA, gross profit, and revenue growth indicate potential underperformance. ADI's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position. The industry average P/E is 105.91, P/B is 8.05, P/S is 8.98, and ROE is 7.19%, with an average revenue growth of 7.9%.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 4:00 pm