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Assets

BTCUSD

CAKEUSD

ETHUSD

HNTUSD

Bitcoin (BTC) and Ethereum (ETH) saw price increases, with BTC surpassing $44,000 and ETH above $2,200. PancakeSwap (CAKE) was the top gainer, while Helium (HNT) was the biggest loser. The crypto market cap rose to $1.65 trillion, a 24-hour gain of 2.4%. The rise followed U.S. economic data showing a slight increase in jobless claims and a GDP growth of 4.9% for the third quarter.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 2:36 pm

MDB

MongoDB (NASDAQ:MDB) has significantly outperformed the market with an average annual return of 38.7% over the past 5 years. An initial investment of $1000 in MDB 5 years ago would now be worth $5,697.97. The company currently holds a market capitalization of $29.52 billion.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:30 pm

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market with an average annual return of 28.96% over the past 10 years. An investment of $1000 in NOW a decade ago would be worth $12,730.25 today. ServiceNow's market capitalization currently stands at $143.70 billion.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:30 pm

TORO

Toro Corp. completed the sale of the M/T Wonder Vega, a 2005-built Aframax tanker, for $31.5 million. The company expects to record a net gain of approximately $17.7 million from the sale, excluding transaction-related costs, in the fourth quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:25 pm

CLSK

MARA

RIOT

Shares of Bitcoin miners Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading higher as Bitcoin's price rises. Bitcoin is up 163% since the year's start, fueled by optimism for a spot Bitcoin ETF and potential Federal Reserve rate cuts in 2024. Marathon recently agreed to acquire two mining sites, adding 390 megawatts to its capacity. The stocks of MARA, RIOT, and CLSK have seen increases of 6.33%, 4.26%, and 6.48% respectively.

Portfolio Pulse from Adam Eckert

December 21, 2023 | 2:20 pm

BTCUSD

ETHUSD

OCEANUSD

SOLUSD

Messari's Crypto Theses report is bullish on Bitcoin, citing its potential to reach over $600,000 by achieving parity with gold. The report also praises Solana for its transaction speeds and developer community but notes scalability challenges. Ethereum is seen as a higher risk 'beta' asset with potential for greater rewards, despite a predicted price dip in 2024. Messari highlights investments in AI-focused tokens like Ocean Protocol, Akash Network, Tao Network, and Render Network, pointing to the convergence of blockchain and AI as a key trend. The firm's transparency in disclosing analyst positions is seen as a move to enhance informed decision-making in crypto research.

Portfolio Pulse from Murtuza Merchant

December 21, 2023 | 2:18 pm

AMZN

IYR

PYPL

SCHW

On CNBC's 'Halftime Report Final Trades,' analysts discussed the prospects of Charles Schwab, PayPal, and iShares U.S. Real Estate ETF. Charles Schwab's November report showed a 7% increase in client assets and $21.7 billion in net new assets. PayPal is expected to have a breakout despite Amazon's decision to stop accepting Venmo for subscriptions from Jan. 2024. iShares U.S. Real Estate ETF was named as a final trade by Shannon Saccocia. Stock prices for SCHW, PYPL, and IYR fell during Wednesday's session.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 2:06 pm

HUBB

Hubbell Incorporated (NYSE:HUBB) has agreed to sell its Residential Lighting business to Kingswood Capital Management, LP, for $131 million in cash. The business is projected to generate about $190 million in sales in 2023. The sale is part of Hubbell's strategy to focus on growth and margin by aligning its portfolio with grid modernization and electrification trends. The deal is subject to regulatory approvals and is expected to close in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 2:06 pm

AAPL

AMZN

GOOG

MSFT

TSLA

WMT

A study by TradingPedia, using Brand Finance's 'Royalty Relief' method, ranked the top 500 most valuable brands globally in 2023. Amazon (AMZN) leads the list with a brand value of $299.28 billion, followed by Apple (AAPL) at $297.51 billion, and Alphabet's Google (GOOG/GOOGL) at $281.38 billion. Microsoft (MSFT), Walmart (WMT), and Tesla (TSLA) were also in the top 10, with Verizon (VZ) ranking eighth.

Portfolio Pulse from Surbhi Jain

December 21, 2023 | 2:03 pm

TRV

Travelers Companies (NYSE:TRV) has seen a 15.27% decrease in short interest since the last report, with 2.52 million shares sold short, representing 1.11% of available shares. The average time to cover these short positions is 2.1 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, TRV has a lower short interest as a percentage of float, with the peer group average at 1.77%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:00 pm