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FILUSD

Filecoin (CRYPTO: FIL) has seen a significant increase of 18.4% in its price over the last 24 hours, reaching $7.85. Over the past week, FIL has gained 30.0%, rising from $5.76. Despite the recent surge, the price is still far below its all-time high of $236.84. The trading volume has spiked by 215.0% this week, and the circulating supply has grown by 0.79% to over 490.22 million coins, representing 25.0% of the maximum supply. Filecoin's market cap is currently ranked #25, valued at $3.79 billion.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 3:00 pm

ALLY

Ally Financial (NYSE:ALLY) has seen a 28.04% increase in short interest since its last report, with 14.74 million shares sold short, representing 5.48% of its float. It would take about 2.61 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Ally Financial's short interest is below its peer group average of 8.47%.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 2:45 pm

MSFT

Over the past 10 years, Microsoft (NASDAQ:MSFT) has produced an average annual return of 26.3%, outperforming the market by 16.31% on an annualized basis. A $100 investment in MSFT a decade ago would be worth $1,040.80 today. Microsoft's market capitalization currently stands at $2.79 trillion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 2:31 pm

LNG

Cheniere Energy (AMEX:LNG) has delivered an average annual return of 14.21% over the past 10 years, outperforming the market. A $100 investment in LNG a decade ago would be worth $394.25 today. The company's market capitalization stands at $40.59 billion.

Portfolio Pulse from Benzinga Insights

January 01, 2024 | 2:01 pm

CYD

China Yuchai International Limited (NYSE:CYD), a major powertrain solution manufacturer, has agreed to sell its 100% equity stake in Yuchai Remanufacturing Services (Suzhou) Co., Ltd. to Beijing Liandong Jinyuan Management Technology Co., Ltd. for RMB 179.94 million. The payment will be made in cash and deposited into an escrow account in phases, including the book value of cash equivalents and fair value of equipment. The deal is pending approval from the Suzhou Industrial Park Administrative Committee.

Portfolio Pulse from Charles Gross

December 31, 2023 | 2:55 pm

AGG

BND

JNK

The bond market experienced a rally in 2023, but analysts warn of potential over-optimism for 2024. The 10-year U.S. Treasury note yield has seen significant fluctuations, with a recent retreat from over 5%. Investors are considering a 'soft landing' scenario, but challenges like the fiscal deficit and corporate debt refinancing remain. Diverse views from experts at Allspring Global Investments, Sierra Mutual Funds, BlackRock, Manulife Investment Management, and Apollo Global Management highlight the uncertainty. Three ETFs, AGG, BND, and JNK, are suggested for investors interested in the bond market.

Portfolio Pulse from Bibhu Pattnaik

December 30, 2023 | 3:18 pm

AVAX-USD

BTC-USD

DOGE-USD

ETH-USD

SHIB-USD

SOL-USD

Influencers are expressing optimism for the cryptocurrency market in 2024, with expectations of significant developments such as the launch of Shibarium, a Bitcoin ETF, and growth in altcoins. Social media personalities with large followings are predicting that 2024 will be a pivotal year for crypto, with potential for high returns and market expansion. The global crypto market cap is $1.65 trillion, with Bitcoin and Ethereum seeing substantial gains year-to-date. The decision on the spot Bitcoin ETF approval is anticipated between Jan. 5 and Jan. 10, 2024, with firms like BlackRock, Fidelity, and WisdomTree involved.

Portfolio Pulse from Khyathi Dalal

December 30, 2023 | 2:02 pm

ARKW

COIN

GBTC

ARK Next Generation Internet ETF (ARKW) sold its entire stake in Grayscale Bitcoin Trust (GBTC) and bought shares in ProShares Bitcoin Strategy ETF and ARK 21Shares Active Bitcoin Futures Strategy ETF. ARKW also sold shares of Coinbase Global Inc. (COIN) and purchased shares of Block Inc (SQ). These moves are in anticipation of the SEC's decision on Bitcoin ETFs, with Cathie Wood citing caution due to uncertain approval of Grayscale's conversion to an ETF.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 6:39 am

BLK

FIS

JPM

BlackRock (BLK), Fidelity (FIS), and WisdomTree (WT) have named Jane Street Capital and JPMorgan Securities (JPM) as authorized participants for their upcoming Bitcoin ETFs, pending SEC approval. Jane Street is also selected by Valkyrie for a similar role. The SEC had set a deadline of Dec. 29 for final amendments, with early January as the potential approval window for Bitcoin ETFs. Invesco is also in the race, offering to waive fees for its Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

December 30, 2023 | 2:43 am

BAC

BRK

BYDDY

BYDFF

DJCO

WFC

Following Charlie Munger's death, Daily Journal Corp. (DJCO) has warned shareholders of potentially lower future returns, acknowledging Munger's irreplaceable role in managing their $300M stock portfolio. Munger, also vice-chairman of Berkshire Hathaway (BRK), had led the publisher's investment strategy, focusing on a few companies like Bank of America (BAC), Wells Fargo (WFC), and BYD (BYDDY, BYDFF). The portfolio, which started with a $20.4M investment, grew significantly under Munger's guidance.

Portfolio Pulse from Rounak Jain

December 30, 2023 | 2:10 am