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AMD

Advanced Micro Devices (NASDAQ:AMD) has delivered an average annual return of 11.69% over the past 20 years, outperforming the market by 4.2% annually. A $100 investment in AMD 20 years ago would be worth $903.14 today. The company's current market capitalization stands at $222.94 billion.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:00 pm

REGN

Over the past 10 years, Regeneron Pharmaceuticals (NASDAQ:REGN) has produced an average annual return of 11.69%, outperforming the market by 1.8% annually. A $1000 investment in REGN a decade ago would be worth $3,053.39 today. Regeneron currently has a market cap of $91.71 billion.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 2:00 pm

ABAT

American Battery Technology Company (ABTC) announced a positive Initial Assessment for its Tonopah Flats Lithium Project, with an updated mineral resource estimate of 18.03 million tons lithium hydroxide monohydrate. The project boasts an after-tax NPV of $4.41 billion, IRR of 65.8%, and a payback period of 2.4 years. The mine life is projected to be over 400 years with an average annual production of 33,000 tons. The assessment included data from Drill Program II and metallurgical testing, with plans for further updates and studies to optimize the commercial refinery design.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 1:52 pm

TFC

Truist Financial Corporation's (NYSE:TFC) short interest has increased by 34.62% since the last report, with 13.98 million shares sold short, representing 1.05% of available shares. It would take 1.92 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, TFC has a lower short interest as a percentage of float, with the peer group average at 4.34%.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 1:48 pm

BOH

CADE

CUBI

FBK

GBCI

IBCP

KRE

LKFN

LOB

MCB

PFC

U.S. regional bank stocks have rebounded strongly, with the SPDR S&P Regional Banking ETF (KRE) surging 35% in two months. This rally is driven by the Federal Reserve's shift towards a more accommodative monetary policy, which is expected to lower interest rates in 2024. Ten regional banks within the KRE ETF have seen returns over 40% in the last three months. The economic outlook for 2024 suggests moderate growth and a decrease in inflation, which could benefit regional banks if these conditions persist.

Portfolio Pulse from Piero Cingari

December 21, 2023 | 1:43 pm

FTTUSD

The British Virgin Islands court has ordered a freeze of about $1 billion in assets of Three Arrows Capital founders. The liquidator, Teneo, reported the fund's estimated debt at $3.3 billion. The fund collapsed in 2022 amid a crypto downturn. Teneo is pursuing claims against the founders for their role in the fund's losses. The founders, Su Zhu and Kyle Davies, have faced legal challenges, including a previous asset freeze in Singapore and Zhu's arrest. This case is reminiscent of Sam Bankman-Fried's fraud conviction related to FTX Trading Ltd. (CRYPTO: FTT).

Portfolio Pulse from Murtuza Merchant

December 21, 2023 | 1:40 pm

AAPL

BNP

HSBC

SNE

TSLA

The Shiba Inu burn rate has surged by 28,000%, with 6 million SHIB burned. Sony anticipates a $1.5 billion loss from Microsoft's acquisition of Activision Blizzard. A majority supports Trump's disqualification in Colorado. Solana's meme coin BONK has dropped over 40% from all-time highs. Bitcoin obituary count is at a decade low. Elon Musk's X may allow Dogecoin payments. Micron reports upbeat sales. Investor sentiment shifts to 'greed'. Apple reveals iOS 18 code with four new iPhone models. Sony's PlayStation 5 sales hit 50M despite supply issues. Tesla looks for a Nordic public policy expert. Toyota recalls 1M vehicles in the US. Meta is concerned about the Indian telecom bill's impact on WhatsApp. Boeing is set to restart 737 MAX deliveries in China. Citigroup is closing its global distressed-debt business, and HSBC and BNP may face fines in South Korea.

Portfolio Pulse from Akanksha Bakshi

December 21, 2023 | 1:31 pm

SPG

Simon Property Group (NYSE:SPG) has received mixed ratings from 4 analysts in the past three months, with an average 12-month price target of $143.25, up from the previous $136.00. Analysts from Morgan Stanley, Piper Sandler, Truist Securities, and Stifel have adjusted their ratings and price targets, reflecting their views on the company's market conditions and performance. Simon Property Group is a major REIT with a diverse portfolio and has shown strong financial health indicators such as revenue growth, net margin, ROE, and ROA, but carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 1:01 pm

TRIN

Trinity Capital has committed $30 million in growth capital to Cart.com, a move that could bolster Cart.com's expansion and operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 12:44 pm

LMT

Blue Origin and private equity firm Cerberus Capital Management have submitted bids to acquire United Launch Alliance (ULA), a joint venture between Boeing Co. (BA) and Lockheed Martin Corp. (LMT). ULA is a competitor to SpaceX in the space launch sector. The potential acquisition would involve Blue Origin, an aerospace manufacturer founded by Jeff Bezos, and Cerberus, which has a history in aviation and defense manufacturing, taking over the operations currently managed by Boeing and Lockheed Martin.

Portfolio Pulse from Charles Gross

December 21, 2023 | 12:35 pm