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Assets

INTC

Intel Corp (NASDAQ:INTC) stock is trading higher after reports that Israel will grant the company $3.2 billion to build a new $25 billion chip plant. The Israeli government's grant aims to support Intel's expansion, which is part of its strategy to strengthen the global supply chain. Intel has also pledged to spend 60 billion shekels ($16.6 billion) with Israeli suppliers over the next decade, and the new plant is expected to create thousands of jobs. Construction has begun, with the plant set to open in 2027 and operate until 2035. Intel shares rose 2.21% to $49.06.

Portfolio Pulse from Adam Eckert

December 26, 2023 | 2:56 pm

FMX

Fomento Economico (NYSE:FMX) has seen a 4.35% increase in short interest since the last report, with 1.04 million shares sold short, representing 0.48% of available shares. It would take about 2.03 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, FMX's short interest is below its peer group average of 7.36%. The rise in short interest doesn't necessarily predict a stock price fall, but it suggests traders are more bearish.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:45 pm

AXSUSD

BTCUSD

ETHUSD

TIAUSD

Bitcoin and Ethereum have fallen below their key levels of $43,000 and $2,300 respectively. The global crypto market cap has decreased by 0.4% to $1.66 trillion. Axie Infinity (AXS) and Celestia (TIA) are among the top losers, while Sei (SEI) is the top gainer over the past 24 hours.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 2:31 pm

HDB

Over the past 10 years, HDFC Bank (NYSE:HDB) has yielded an average annual return of 14.58%, outperforming the market. A $1000 investment in HDB a decade ago would now be worth $3,860.55. HDFC Bank's market cap stands at $169.56 billion, highlighting the significant growth and the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:30 pm

Over the past 15 years, Brookfield (NYSE:BN) has produced an average annual return of 14.16%, outperforming the market by 2.46% on an annualized basis. With a current market capitalization of $62.09 billion, a $1000 investment in BN 15 years ago would be worth $7,603.72 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:30 pm

AEP

PNM

American Electric Power Co Inc (AEP) and PNM Resources Inc (PNM) have agreed to sell approximately 50% of their stakes in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC for $230 million. The portfolio consists of 15 solar projects totaling 625 megawatts. AEP's portion of the sale is about $115 million, and it anticipates netting approximately $104 million after taxes and fees. The transaction is expected to close in February 2024 and is not anticipated to materially impact financial results. The sale aligns with AEP's strategy to focus on core regulated operations and de-risk the company. The proceeds will help strengthen AEP's balance sheet and support efforts to provide safe, reliable, and affordable electricity. The sale is pending regulatory approvals.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 2:23 pm

AXP

Over the past 15 years, American Express (NYSE:AXP) has produced an average annual return of 16.59%, outperforming the market by 4.9% on an annualized basis. A $1000 investment in AXP 15 years ago would be worth $10,308.33 today. American Express currently has a market capitalization of $135.22 billion.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 2:00 pm

SPY

The S&P/CS HPI Composite - 20 n.s.a. year-over-year for October was reported at 4.9%, slightly below the estimated 5% but higher than the previous 3.9%.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 2:00 pm

GRCL

HOLI

NVDA

SSYS

TSLA

USDT-USD

Sam Altman's Worldcoin outperformed Bitcoin and Ethereum during Christmas as technical indicators turned bullish. Tether issued $1B USDT on Ethereum's network. Solana surpassed $100 with increased network activity, and Dogecoin's growing addresses could signal a rally. Over 90,000 Bitcoin wallets are now worth $1M+. The SEC is in talks with major players regarding a Bitcoin ETF. US markets saw pre-market movement in stocks like Gracell Biotechnologies, Stratasys, and Hollysys Automation Technologies. The FBI is concerned about China's AI misuse for espionage. In tech, Nvidia is poised to become the biggest chipmaker by revenue, and Tesla's stock rebounded post-Christmas. An AI startup backed by LVMH can verify the authenticity of Louis Vuitton bags.

Portfolio Pulse from Akanksha Bakshi

December 26, 2023 | 1:55 pm

ETH-USD

SOL-USD

Cryptocurrency analyst Altcoin Sherpa has increased his holdings in Solana (SOL), despite acknowledging it might not be the best time to buy. He believes SOL will continue its upward trend into 2024, citing its affordability and accessibility for new crypto users. Google search volume for 'Solana' has surged 250% in two months. Solana's price is currently at $122.64, up 7.73% in the last 24 hours, and has increased over 1,000% since the start of the year.

Portfolio Pulse from Mehab Qureshi

December 26, 2023 | 1:54 pm