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COIN

MSTR

Bitcoin's market cap has increased by 160% in 2023, adding $530 billion, fueled by investor optimism over potential U.S. approval of a Bitcoin ETF. Michael Saylor of MicroStrategy predicts a 'demand shock' if the ETF is approved. Despite challenges in the crypto space, Bitcoin's performance has surpassed global stocks and gold, and companies like Coinbase have seen significant gains. Bitcoin derivatives activity has increased, but the daily value of Bitcoin trades has fallen since last April.

Portfolio Pulse from Ananya Gairola

December 23, 2023 | 5:14 am

LAND

Bill Gates, through Cascade Investment, owns approximately 242,000 acres of farmland across 19 states, making him the largest private owner of farmland in the U.S. In comparison, Gladstone Land Corp. (NASDAQ:LAND), a REIT specializing in farmland, owns about 116,000 acres across 15 states with a portfolio valued at $1.6 billion. Gates owns more than double the farmland of Gladstone.

Portfolio Pulse from Chris Bibey

December 23, 2023 | 1:00 am

MATICUSD

Polygon's MATIC token has seen significant whale activity, with addresses holding 1-10 million MATIC increasing their holdings from 867.11 million to 990.92 million tokens since Dec. 16. Analysts predict a potential 20x bull run for MATIC. The token faces a supply wall between $0.79 and $0.84, which it needs to break through. Large transfers of MATIC between unknown wallets have been observed, and new wallets are accumulating the token. Santiment data suggests MATIC is in an opportunity zone with under 42% of supply in profit. Polygon's competitive gas fees and high number of inscriptions are also highlighted.

Portfolio Pulse from Khyathi Dalal

December 22, 2023 | 10:14 pm

COP

ConocoPhillips (NYSE:COP) has decided to proceed with the Willow project in Alaska, following a Final Investment Decision and support from the Department of the Interior and court orders. The project is expected to generate significant revenue and reduce U.S. dependence on foreign energy. It will create jobs and has been designed with environmental considerations and local community input.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:32 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin (BTC) remained stable, Ethereum (ETH) rose over 3%, and Dogecoin (DOGE) fell about 1.2% in the last 24-hour trading session. Bitcoin's movement echoed the general market, which was flat after the PCE index inflation report. Both Bitcoin and Ethereum recently broke out from symmetrical triangle patterns, indicating a potential shift in momentum. Bitcoin is facing resistance at $45,000 and $45,814, with support at $42,233 and $39,600. Ethereum has resistance at $2,317 and $2,461, with support at $2,140 and $2,020. Dogecoin is consolidating between $0.09 and $0.099, with resistance at $0.099 and 12 cents, and support at 9 cents and $0.083.

Portfolio Pulse from Melanie Schaffer

December 22, 2023 | 9:31 pm

HON

Over the past 20 years, Honeywell Intl (NASDAQ:HON) has produced an average annual return of 9.85%, outperforming the market by 2.33% annually. With a current market cap of $135.57 billion, a $100 investment in HON 20 years ago would be worth $651.61 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:30 pm

PFX

PhenixFIN Corporation (NASDAQ:PFX) reported a 23% increase in NAV per share for FY23, from $57.29 to $70.75. The company's total investment income for the fourth quarter was $5.7 million, with net investment income of $1.9 million. The portfolio's fair value was $226.5 million across 42 companies, with 4 investments on non-accrual status. PhenixFIN repurchased 28,416 shares in FY23 and ended the quarter with $6.0 million in cash and cash equivalents.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 9:03 pm

BIDU

Over the past 15 years, Baidu (NASDAQ:BIDU) has delivered an average annual return of 21.62%, outperforming the market. A $100 investment in BIDU 15 years ago would be worth $1,853.74 today. Baidu's market cap stands at $40.13 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:00 pm

SHW

Over the past 10 years, Sherwin-Williams (NYSE:SHW) has produced an average annual return of 17.68%, outperforming the market by 7.76% on an annualized basis. A $1000 investment in SHW a decade ago would be worth $5,093.86 today. Sherwin-Williams currently has a market cap of $79.46 billion.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 9:00 pm

SPY

President Biden has signed an $886 billion U.S. defense policy bill into law, as reported by Reuters. This significant increase in defense spending could have implications for companies in the defense sector.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:45 pm