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Assets

USO

The U.S. government has purchased 3 million barrels of oil for its Strategic Petroleum Reserve (SPR), with the transaction set to occur under a March 2024 purchase award, according to a statement cited by Reuters.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 5:38 pm

ABT

Over the past decade, Abbott Laboratories (NYSE:ABT) has delivered an average annual return of 11.04%, outperforming the market by 1.13% annually. A $100 investment in ABT stock 10 years ago would be worth $284.30 today. The company's current market capitalization stands at $189.58 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:30 pm

BCEL

Atreca, Inc. (BCEL) shares dropped following the announcement of selling antibody-related assets to Immunome for $5.5 million upfront and potential $7 million in milestones.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:03 pm

CBRE

Over the past 5 years, CBRE Group (NYSE:CBRE) has delivered an average annual return of 18.28%, outperforming the market. A $1000 investment in CBRE stock 5 years ago would now be worth $2,323.39. CBRE Group currently has a market cap of $28.03 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

AMD

AVGO

INTC

LRCX

MPWR

NVDA

SMH

SOXX

The semiconductor industry, tracked by the iShares Semiconductor ETF (SOXX), has seen a 66% increase in 2023, reaching new all-time highs. The VanEck Semiconductor ETF (SMH) and companies like Nvidia (NVDA), AMD, Broadcom (AVGO), Lam Research (LRCX), Intel (INTC), Monolithic Power Systems (MPWR), and Micron Technology (MU) have also seen significant gains. However, concerns arise as the SOXX ETF shows overbought signals and semiconductor stocks trade at high valuations, with some trading at over 50 times forward earnings. Analysts' price targets suggest that the expected growth may already be priced in.

Portfolio Pulse from Piero Cingari

December 26, 2023 | 4:48 pm

BNTX

BioNTech (NYSE:BNTX) has seen a rise in short interest, with 3.01 million shares sold short, representing 3.63% of available shares. The short percent of float increased by 13.44% since the last report, and it would take about 7.18 days for traders to cover their short positions. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. BioNTech's short interest is below its peer group average of 4.96%.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 4:30 pm

SHOP

Over the past 15 years, Shopify (NYSE:SHOP) has produced an average annual return of 17.14%, outperforming the market. A $1000 investment in SHOP 15 years ago would be worth $10,534.21 today. Shopify's market capitalization currently stands at $98.50 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 4:30 pm

COMP

NLOP

OPI

XLRE

The S&P CoreLogic Case-Shiller Index indicates a 4.8% annual increase in U.S. home prices in October 2023, with Detroit leading at 8.1%. The real estate sector showed a steady start post-Christmas, with the XLRE ETF up 7% since the year's start, recovering from a 29% drop in 2022. Office Properties Income Trust, Compass, Inc., and Net Lease Office Properties saw notable gains.

Portfolio Pulse from Piero Cingari

December 26, 2023 | 4:13 pm

Parts ID, in an SEC filing, has indicated that its credit agreement permits the sale of the company's assets if specific conditions are not met. The plan sponsor would act as the stalking horse bidder and provide additional financing for the sale process.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 4:12 pm

General Dynamics (NYSE:GD) has delivered an average annual return of 9.07% over the past 20 years, outperforming the market by 1.55% annually. A $1000 investment in GD stock 20 years ago would be worth $5,681.69 today. The company's current market capitalization stands at $69.51 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 4:00 pm