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Assets

DDD

3D Systems (NYSE: DDD) has repurchased approximately $135 million of its 0% coupon, convertible senior notes at a 26% discount to par value, reducing the principal balance from $460 million to about $325 million, due in 2026. The repurchase strengthens the company's balance sheet and maintains a strong cash position for operational needs and strategic investments. The transaction is set to close on December 13, 2023, and is seen as a proactive liability management move that positions 3D Systems for long-term success.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:31 pm

AJG

Over the past 15 years, Arthur J. Gallagher (NYSE:AJG) has produced an average annual return of 16.99%, outperforming the market. A $1000 investment in AJG 15 years ago would be worth $10,159.20 today. The company's market capitalization currently stands at $52.36 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:30 pm

Kennedy-Wilson Holdings plans to sell non-core assets targeting $550M-$750M in cash over the next 18 months. Post Q3 2023, the company adopted a cost efficiency plan according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:25 pm

BNB-USD

ETH-USD

Binance suspended trading of the euro stablecoin AEUR after a surge in demand caused price deviations. The exchange will compensate affected users for losses incurred due to the unexpected rally. AEUR, backed 1:1 by reserves in Swiss FNMA-licensed banks, is minted on Ethereum and BNB Chain. The suspension includes AEUR/USDT, BTC/AEUR, ETH/AEUR, and EUR/AEUR pairs. Stablecoins face risks of price instability, with 609 depegs occurring in 2023. The SEC is monitoring stablecoin issuance by traditional companies in the U.S.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 9:19 pm

AAPL

DOGEUSD

SPY

TSLA

Dogecoin (CRYPTO: DOGE) has seen significant growth since its inception as a joke cryptocurrency. An investment of $1,000 in Dogecoin at the start of 2021 would be worth $17,343.89 today, a return of 1,634.4%. The article compares this with investments in SPDR S&P 500 ETF Trust (NYSE:SPY), Tesla Inc (NASDAQ:TSLA), and Apple Inc (NASDAQ:AAPL) over the same period, with returns of +21.8%, +2.8%, and +45.5% respectively.

Portfolio Pulse from Chris Katje

December 06, 2023 | 9:11 pm

SONY

Over the past 10 years, Sony Group (NYSE:SONY) has produced an average annual return of 17.53%, outperforming the market by 7.86% on an annualized basis. A $100 investment in SONY stock a decade ago would be worth $493.27 today. Sony Group's market capitalization currently stands at $109.10 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 9:00 pm

ITA

LHX

LMT

NOC

PPA

RTX

SPY

XAR

U.S. Treasury Secretary Janet Yellen emphasized the importance of approving an additional $100 billion in aid for Ukraine and Israel, warning that failure to do so could lead to Ukraine's defeat and further Russian aggression. The aid package is currently stalled in Congress, with some members opposing further assistance. Ukraine's President Zelenskyy has also urged American defense companies to collaborate with Ukraine. If the bill is approved, U.S. defense stocks and ETFs could see a positive impact, as they have previously benefited from increased interest following the Russian invasion of Ukraine.

Portfolio Pulse from Chris Katje

December 06, 2023 | 8:40 pm

ECL

Over the past 20 years, Ecolab (NYSE:ECL) has delivered an average annual return of 10.21%, outperforming the market. A $1000 investment in ECL 20 years ago would be worth $6,848.95 today. Ecolab currently has a market cap of $54.18 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 8:30 pm

CRM

Salesforce (NYSE:CRM) has delivered an impressive average annual return of 25.94% over the past 15 years, turning a $1000 investment into $28,989.59 today. With a current market capitalization of $242.60 billion, the company has significantly outperformed the market.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 8:00 pm

ODFL

Over the past 10 years, Old Dominion Freight Line (NASDAQ:ODFL) has produced an average annual return of 27.37%, outperforming the market by 17.67% on an annualized basis. With a current market capitalization of $43.08 billion, a $1000 investment in ODFL a decade ago would be worth $10,986.90 today. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:30 pm