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Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained flat as stock markets showed weakness for the second day. Bitcoin's price volatility continues, with analysts predicting potential downsides before a possible liquidity grab. The global cryptocurrency market contracted slightly, while major stock indexes closed lower amid rising Treasury yields.

Portfolio Pulse from Aniket Verma

October 23, 2024 | 2:02 am

STT

State Street Corporation has announced the issuance of $2.3 billion in aggregate principal amount of senior debt. This move is likely aimed at raising capital for corporate purposes, potentially impacting the company's financial strategy and stock performance.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:16 pm

SPY

USO

The American Petroleum Institute (API) reported a weekly crude oil stock build of 1.643 million barrels, which is significantly higher than the expected build of 0.700 million barrels. This follows a previous draw of 1.580 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:43 pm

OI

O-I Glass plans to close a furnace in its Americas segment as part of its Fit to Win initiative, aiming to reduce redundant capacity. The closure, affecting 150 employees, is expected to occur on or after November 18, 2024, with a $39 million charge anticipated in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:38 pm

RRC

Range Resources Corporation (RRC) has announced its expected all-in capital budget for 2024, which is projected to be between $645 million and $670 million.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:27 pm

HRTG

Heritage Insurance anticipates $57 million in catastrophe losses in Q4 2024 due to Hurricane Milton. The company has mobilized over 2,000 adjusters and 200 emergency vendors, receiving 5,435 claims with minimal wait times. The claim count is under 50% compared to Hurricane Ian. Heritage is financially strong with a $1.30 billion reinsurance tower.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:22 pm

NBR

Nabors Industries projects its fiscal year 2024 capital expenditures to be around $600 million, with $230 million allocated for SANAD newbuilds.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:19 pm

NBR

Nabors Industries projects its Q4 capital expenditures to be $230 million, with $105 million allocated for newbuilds in Saudi Arabia.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 8:19 pm

BTC

DOGE

ETH

Cryptocurrency markets are trading sideways with Bitcoin hovering around $67,436.75. Traders emphasize the importance of the $66,500 support level, warning of a potential drop to $61,000 if it fails. Large transaction volumes have increased, while daily active addresses have decreased. Notable developments include investments in crypto channels and discussions on Bitcoin's role as an institutional asset.

Portfolio Pulse from Khyathi Dalal

October 22, 2024 | 7:55 pm

HCA

HCA Healthcare's stock is currently priced at $409.29, experiencing a slight drop of 0.36%. Despite this, the stock has seen a significant increase of 81.62% over the past year. The company's P/E ratio is lower than the industry average, which could indicate undervaluation or weak growth prospects. Investors are advised to consider multiple financial metrics and industry trends when evaluating the stock.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 7:46 pm