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Assets

OKE

Over the past 20 years, ONEOK (NYSE:OKE) has delivered an average annual return of 9.54%, outperforming the market by 1.96% annually. A $1000 investment in OKE 20 years ago would be worth $6,306.77 today. ONEOK currently has a market cap of $39.88 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm

BIL

EWJ

EWU

HYG

IEF

IVV

JPM

SPY

TLT

USHY

UUP

VOO

JPMorgan Chase & Co (NYSE:JPM) predicts the S&P 500 will test the 5,000 level in 2024, recommending overweight positions in U.S. and Japanese equities, U.S. Treasury, and high-yield corporate debt. They suggest underweight positions in European equity and Emerging Markets (ex-China). JPMorgan expects U.S. equities to see broadened performance beyond tech, with an earnings growth estimate of 7% into the next year. They also see potential in Japanese stocks due to corporate governance reforms. In fixed-income, they recommend U.S. Treasuries and high-yield corporate debt, anticipating rate cuts in 2024. The US dollar is expected to weaken, and cash returns are set to fall.

Portfolio Pulse from Surbhi Jain

December 18, 2023 | 7:28 pm

BLK

GBTC

Galaxy Digital, led by Mike Novogratz, is looking to acquire more assets from bankrupt crypto companies following a successful deal with FTX. The company managed FTX's Bitcoin and Ether holdings, as well as investments in Grayscale's Bitcoin Trust, boosting its assets under management from $1.7 billion to $5.3 billion. Galaxy is offloading FTX's tokens under a US court mandate and is interested in FTX's venture capital portfolio. Galaxy is also planning to shift its stock listing to Nasdaq and is working on launching a euro-denominated stablecoin and a spot bitcoin ETF in collaboration with Invesco and Cboe Global Markets.

Portfolio Pulse from Murtuza Merchant

December 18, 2023 | 7:25 pm

USO

The EIA Rig Productivity Report indicates that U.S. total shale regions oil production for January is expected to decrease by approximately 1,000 barrels per day (BPD) to 9.692 million BPD, compared to a 2,000 BPD decline in December.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:14 pm

USO

The EIA Rig Productivity Report forecasts an increase in new well oil production per rig across major regions: Bakken is expected to produce 1,838 barrels per day (BPD) compared to 1,818 BPD a month ago, Permian is forecasted at 1,332 BPD up from 1,319 BPD, and Eagle Ford at 1,629 BPD, an increase from 1,590 BPD.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:13 pm

USO

The EIA Rig Productivity Report indicates an increase in U.S. Permian Basin oil production for January, with a rise of 4,600 barrels per day (BPD), reaching a total of 5.986 million BPD. This is a slight decrease from the 5,200 BPD rise seen in December.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:09 pm

USO

The EIA Rig Productivity Report indicates an increase in U.S. Bakken oil production for January by 1,700 barrels per day (BPD) to 1.308 million BPD, compared to a 1,100 BPD rise in December. Conversely, U.S. Eagle Ford oil production is expected to decrease by 1,500 BPD to 1.149 million BPD, which is a smaller decline than the 3,000 BPD fall in December.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 7:08 pm

BTCUSD

The crypto market is abuzz with the possibility of Spot Bitcoin ETF approvals, with a decision expected between Jan. 5 to Jan. 10, 2024. Joe Burnett of Unchained.com used ChatGPT 4 to predict a $7.91 trillion BTC market cap if 10% of passive index fund flows go into a Bitcoin ETF over 24 months. Nate Geraci, ETF store president, warns of a potential 'rug pull' if the ETF is not approved, and a 'bloodbath for crypto exchanges.' The Bitcoin halving event in April 2024 is also anticipated to boost the market. Bitwise released an ad promoting its crypto-backed ETFs. In the last 90 days, BTC and ETH have seen significant gains, with some altcoins like Avalanche and Solana experiencing triple-digit increases.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 7:07 pm

XLMUSD

Stellar's cryptocurrency (XLM) has seen a decline of 3.62% in the last 24 hours, continuing a negative trend from the past week with a 2.0% loss. The trading volume has decreased by 41.0%, and the circulating supply has slightly dropped by 0.18%. Despite these changes, Stellar maintains a market cap ranking of #24, valued at $3.37 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:03 pm

UNIUSD

Uniswap's cryptocurrency UNI has seen a 6.93% decrease in price over the last 24 hours, settling at $5.79. This decline is part of a broader negative trend over the past week, with a 3.0% loss from $5.97. Trading volume has decreased by 67.0%, and the circulating supply has slightly decreased by 0.15% to 753.77 million, which is 75.38% of the max supply. UNI's market cap is currently ranked #22 at $4.35 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:02 pm