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CAN

Canaan Inc. (NASDAQ:CAN) stock has surged over 115% in the past five days, with heavy trading volume exceeding its 100-day average. The company, which manufactures blockchain computing equipment, is benefiting from the rally in Bitcoin prices and investor anticipation of a potential spot Bitcoin ETF approval. Bitcoin itself has risen nearly 4% in the last 24 hours, trading at $43,935.27. Canaan's stock is up 31% at $2.93 at the time of publication.

Portfolio Pulse from Erica Kollmann

December 20, 2023 | 6:01 pm

UNP

Over the past 20 years, Union Pacific (NYSE:UNP) has produced an average annual return of 14.07%, outperforming the market by 6.53% on an annualized basis. A $1000 investment in UNP 20 years ago would be worth $14,065.78 today. Union Pacific currently has a market capitalization of $147.29 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

IBN

ICICI Bank (NYSE:IBN) has delivered an average annual return of 18.78% over the past 5 years, outperforming the market by 4.7% annually. A $1000 investment in IBN 5 years ago would now be worth $2,427.86. The company's current market capitalization stands at $84.76 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

FPI

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, Farmland Partners Inc. (NYSE:FPI), the largest farmland REIT in the U.S., owns and manages a combined total of 178,216 acres of farmland. Gates owns about 63,800 more acres than Farmland Partners.

Portfolio Pulse from Chris Bibey

December 20, 2023 | 6:00 pm

ETHUSD

On Tuesday, 11,640.44 Ether (ETH) valued at $26M was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -15.16% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 6:00 pm

AFRM

BX

C

COIN

GGAL

HOOD

NYCB

RKT

SQ

WFC

Benzinga's options activity scanner has identified unusual options activity in the Financials sector, highlighting trades in 10 different stocks. The activity includes a mix of bullish, bearish, and neutral sentiments, with varying expiration dates and strike prices. Notable trades were observed in COIN, C, AFRM, WFC, RKT, HOOD, NYCB, BX, SQ, and GGAL, with significant total trade prices and volumes compared to open interest.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:35 pm

TLT

The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has entered a bull market with a 20% rally from its October lows, driven by falling yields on 30-year bonds and a dovish Federal Reserve stance. The Fed's potential 75 basis point rate cut in 2024 and the current technical indicators suggest a favorable outlook for TLT, although the overbought RSI signals caution.

Portfolio Pulse from Piero Cingari

December 20, 2023 | 5:11 pm

APD

Over the past 15 years, Air Products & Chemicals (NYSE:APD) has delivered an average annual return of 13.08%, outperforming the market. A $100 investment in APD 15 years ago would be worth $642.38 today. The company's current market capitalization stands at $60.56 billion.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:00 pm

ERJ

Embraer S.A. (NYSE:ERJ) is expanding its maintenance service capacity in the U.S. by adding three new MRO facilities in Dallas, Cleveland, and Sanford to support its growing executive jets customer base. The expansion includes a significant increase in Mobile Response teams and enhanced capabilities such as interior services, paint, and component repairs. Services at the new locations will commence in Q2 2024. Embraer's stock traded lower by 1.31% at $18.44.

Portfolio Pulse from Shivani Kumaresan

December 20, 2023 | 4:54 pm

PARA

Paramount Global is reportedly in discussions to sell its BET network to a management-led group, according to Bloomberg. The potential sale is part of Paramount's strategy to streamline its operations and focus on its core assets. The news could indicate a shift in Paramount's business strategy and a potential divestiture of non-core assets.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 4:18 pm