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SOLUSD

BONK and other Solana ecosystem tokens are experiencing a downturn as investors engage in profit-taking following a recent rally. BONK is down 15% today, with a 17.7% loss over seven days, despite a 327% surge in the past month. Other tokens like WIF, ANALOS, JTO, and ORCA also saw declines in the past 24 hours, with mixed performances over the past week and month. Solana (SOL) itself is down 5.6% today, although it has seen a 101% increase in the past month. The total value locked in Solana has also risen significantly, now standing at $1.47 billion.

Portfolio Pulse from Khyathi Dalal

December 27, 2023 | 4:09 pm

BIDU

Baidu (NASDAQ:BIDU) is analyzed against competitors in the Interactive Media & Services industry. Baidu dominates the Chinese search engine market with an 84% share and generates 72% of its revenue from online marketing services. Financial comparisons show Baidu's P/E, P/B, and P/S ratios are below the industry average, suggesting undervaluation. However, its ROE is lower than the industry average, indicating potential inefficiency. Baidu's EBITDA and gross profit are significantly above the industry average, and its revenue growth outpaces the industry, signaling strong financial performance and growth potential.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:00 pm

ASML

ASML Holding (NASDAQ:ASML) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. ASML leads in photolithography systems and has key clients like TSMC, Samsung, and Intel. Financial comparisons show ASML with a lower P/E ratio than the industry average, suggesting potential value. However, its P/B and P/S ratios are higher, indicating possible overvaluation. ASML's ROE, EBITDA, gross profit, and revenue growth are significantly above the industry average, reflecting strong financial performance. The company's low debt-to-equity ratio suggests a solid financial position.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 4:00 pm

SPY

Ed Yardeni, president of Yardeni Research, is bullish on the S&P 500 for the upcoming year, citing 12 reasons for optimism. These include interest rate normalization, strong consumer purchasing power, record household wealth, high labor demand, onshoring trends, a recovering housing market, strong corporate cash flows, transitory inflation, technological advancements boosting productivity, the need to rethink economic indicators, containment of global risks, and a vision of a 'Roaring 2020s' era of growth. Yardeni sets a 5,400-point target for the S&P 500 in 2024.

Portfolio Pulse from Piero Cingari

December 27, 2023 | 3:57 pm

CB

Over the past 20 years, Chubb (NYSE:CB) has produced an average annual return of 9.82%, outperforming the market by 2.34% on an annualized basis. A $100 investment in Chubb stock 20 years ago would be worth $652.76 today. Chubb currently has a market capitalization of $90.60 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:31 pm

OPT

Opthea Limited (NASDAQ:OPT) announced it expects to receive the remaining $35 million from Carlyle and Abingworth under a Development Funding Agreement, along with an additional $50 million from a new co-investor, totaling $170 million in funding. The funds will support Phase 3 clinical trials and pre-commercialization activities for sozinibercept, a treatment for wet age-related macular degeneration. Opthea's stock rose 15.10% to $2.90 following the news.

Portfolio Pulse from Vandana Singh

December 27, 2023 | 3:03 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a 7.3% increase in price over the past 24 hours, reaching $2.49, and an 8.0% increase over the past week. The coin's all-time high is $9.52. Trading volume has risen by 2.0% and the circulating supply has increased by 0.94% to 1.30 billion, which is 64.82% of the max supply. IMX's market cap is now ranked #31 at $3.25 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:03 pm

LTCUSD

Litecoin (CRYPTO: LTC) has seen a 3.52% increase in price over the last 24 hours, reaching $75.7. Over the past week, the price has risen over 6%, from $71.59. The coin's all-time high is $410.26. Trading volume surged by 171% over the past week, and the circulating supply increased by 0.37% to 74.03 million, which is 88.13% of the max supply. Litecoin's market cap is currently ranked #19 at $5.63 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:02 pm

BCH-USD

Bitcoin Cash (CRYPTO: BCH) has seen a significant increase of 9.22% in its price over the past 24 hours, reaching $252.14. This uptrend is part of a larger 9.0% gain over the past week. Despite the recent rise, the price is still far from its all-time high of $3,785.82. The trading volume for Bitcoin Cash has surged by 166.0% over the past week, and the circulating supply has grown by 0.5%, now totaling 19.60 million coins, which is 93.32% of the maximum supply of 21.00 million. Bitcoin Cash currently holds the #22 market cap ranking at $4.94 billion.

Portfolio Pulse from Benzinga Insights

December 27, 2023 | 3:02 pm