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BTCUSD

VanEck has amended its filing with the SEC for a spot Bitcoin ETF, proposing the ticker symbol 'HODL'. The VanEck Bitcoin Trust will issue shares in creation baskets, each representing an amount of Bitcoin, with Gemini Trust Company as the custodian. The ETF aims to provide investors with a simple way to gain exposure to Bitcoin. Competitors like BlackRock, Fidelity, and others are also vying to launch similar ETFs, though the SEC has not yet approved any spot Bitcoin ETFs.

Portfolio Pulse from Murtuza Merchant

December 08, 2023 | 8:17 pm

MOH

Molina Healthcare (NYSE:MOH) has delivered an average annual return of 21.77% over the past 5 years, outperforming the market by 10.03% annually. A $100 investment in MOH 5 years ago would be worth $272.91 today. The company's market capitalization stands at $21.19 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 8:01 pm

ALK

Over the past 20 years, Alaska Air Group (NYSE:ALK) has produced an average annual return of 8.76%, outperforming the market by 1.25% on an annualized basis. A $100 investment in ALK 20 years ago would be worth $551.79 today. The company currently has a market capitalization of $4.59 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:31 pm

QCOM

Over the past 5 years, Qualcomm (NASDAQ:QCOM) has delivered an average annual return of 18.33%, outperforming the market by 6.6% on an annualized basis. A $100 investment in QCOM 5 years ago would be worth $232.39 today. Qualcomm's market capitalization currently stands at $148.05 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:31 pm

GLD

GOVT

STIP

TBT

TIP

A survey by FocalData and Financial Times reveals a discrepancy between Americans' perceptions of the economy and actual data. Despite improvements in inflation, wages, and net worth since the pandemic, a majority of respondents believe the economy is worse off. The survey's findings suggest that public sentiment may be influenced by media focus, political narratives, and emotional impacts of past economic conditions. The article also suggests five ETFs for investors considering the inflation outlook: TIP, GLD, GOVT, TBT, and STIP.

Portfolio Pulse from Natan Ponieman

December 08, 2023 | 7:15 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) saw a slight increase despite higher-than-expected U.S. non-farm payrolls data, which could affect Federal Reserve rate cut decisions. The SPY is maintaining its uptrend and is above the eight-day EMA. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) to play the market bullishly or bearishly. SPXL is showing a bull flag pattern with a potential move towards $126, while maintaining its uptrend. Leveraged ETFs like SPXL and SPXS are intended for short-term trading, not long-term investments.

Portfolio Pulse from Melanie Schaffer

December 08, 2023 | 7:04 pm

AMT

American Tower (NYSE:AMT) has delivered an average annual return of 16.03% over the past 20 years, outperforming the market by 8.53% annually. A $100 investment in AMT 20 years ago would be worth $1,942.48 today. The company's current market capitalization stands at $95.17 billion. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:01 pm

UNIUSD

Uniswap's cryptocurrency, UNI, has seen a 3.39% increase in price over the last 24 hours, reaching $6.41, continuing a positive trend with a 7.0% gain over the past week. Despite the price increase, trading volume has decreased by 41.0%, while the circulating supply has slightly increased by 0.16% to 753.77 million, which is 75.38% of the max supply. UNI's market cap is currently ranked #22 at $4.85 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm

XLMUSD

Stellar's cryptocurrency (XLM) has seen a 4.88% increase in price over the last 24 hours, reaching $0.13. Over the past week, XLM has gained 10%, rising from $0.12. The coin's all-time high is $0.88. Trading volume for Stellar has surged by 136% over the past week, and the circulating supply has increased by 0.45% to 28.15 billion, which is 56.3% of the maximum supply. Stellar currently ranks #23 in market cap at $3.70 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm

ATOMUSD

Cosmos Hub's cryptocurrency, ATOM, has seen a significant price increase of 6.64% in the last 24 hours, reaching $10.54. Over the past week, the price has risen over 12%, up from $9.38. Despite this growth, it is still well below its all-time high of $44.45. Trading volume for ATOM has surged by 59% in the past week, while the circulating supply has slightly decreased by 0.15%. ATOM's market cap is currently ranked 28th, valued at $3.08 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 7:00 pm