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SPGI

Over the past 10 years, S&P Global (NYSE:SPGI) has delivered an average annual return of 19.16%, outperforming the market. A $1000 investment in SPGI a decade ago would be worth $5,776.73 today. S&P Global currently has a market cap of $131.69 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:00 pm

ETHUSD

On Thursday, 10,562.66 Ether (ETH) valued at approximately $24.8 million 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% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -13.39% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:00 pm

COIN

Coinbase Global's stock (COIN) is trading higher, correlating with an increase in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:39 pm

CVX

HES

The FTC has requested additional information from Chevron Corp (CVX) and Hess Corp (HES) regarding their merger, extending the HSR waiting period. Chevron also announced a 2024 capex budget of $15.5 to $16.5 billion, with significant investments in U.S. shale, the Permian Basin, and Gulf of Mexico projects. The company aims to maintain capital discipline and grow free cash flow to increase shareholder returns. CVX shares rose by 1.07% to $143.94.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 5:39 pm

MTDR

Over the past 10 years, Matador Resources (NYSE:MTDR) has produced an average annual return of 10.95%, outperforming the market. A $1000 investment in MTDR a decade ago would now be worth $2,713.20. The company's current market capitalization stands at $6.35 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:30 pm

PSX

Phillips 66 (NYSE:PSX) announced a 2024 capital budget of $2.2 billion, with $923 million allocated for sustaining capital and $1.3 billion for growth. The budget supports strategic priorities such as the NGL value chain, the Rodeo renewable fuels facility, and refining performance enhancements. Excluding joint venture debt repayments, the budget is $2 billion. The company aims to return $13B-$15B to shareholders by the end of 2024. The budget includes savings from business transformation efforts and the consolidation of DCP Midstream. Phillips 66's share of capital spending in joint ventures CPChem and WRB is expected to be $1 billion and self-funded. The total 2024 capital program, including joint ventures, is projected at $3.2 billion.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 5:10 pm

FTTUSD

LayerZero Labs, a blockchain interoperability company, plans to launch a native token in the first half of 2024. The company raised $120 million in a Series B funding round in April 2023, reaching a $3 billion valuation. Investors include Sequoia, FTX, and a16z. Details of the token launch and potential airdrop are not yet disclosed.

Portfolio Pulse from Murtuza Merchant

December 08, 2023 | 5:01 pm

CELH

Celsius Holdings (NASDAQ:CELH) has significantly outperformed the market, with an average annual return of 110.54% over the past 5 years. A $100 investment in CELH 5 years ago would now be worth $4,114.05. The company currently has a market cap of $11.70 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:01 pm

ALT

Over the past 5 years, Altimmune (NASDAQ:ALT) has outperformed the market with an annualized return of 18.51%, turning a $1000 investment into $2,314.94 today. Altimmune currently has a market cap of $348.70 million.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

PINS

Pinterest (NYSE:PINS) has seen a 54.8% increase in short interest since the last report, with 35.76 million shares sold short, representing 6.13% of available shares. The short interest ratio is 2.81 days to cover. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Pinterest's short interest is slightly below its peer group average of 6.14%. Short interest can sometimes be a bullish indicator, suggesting a potential for a short squeeze.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm