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HPQ

HP Inc. (NYSE:HPQ) has seen a decrease in short interest, with the current level at 11.93 million shares or 1.38% of float, down 6.12% since the last report. The average time to cover these short positions is 1.75 days. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. HP's short interest is below its peer group average of 6.96%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:30 pm

BTCUSD

Bitcoin (BTC) reached its highest level since April 2022, briefly surpassing $44,000. The surge is attributed to increased institutional interest and optimism for a potential spot ETF approval by the SEC. Additionally, expectations of Federal Reserve rate cuts in 2024, hinted by Fed Chair Jerome Powell, are contributing to the rally. Bitcoin is up over 4% in 24 hours and nearly 15% over the past week.

Portfolio Pulse from Adam Eckert

December 05, 2023 | 8:23 pm

HUBS

Over the past 5 years, HubSpot (NYSE:HUBS) has outperformed the market with an average annual return of 30.72%, turning a $100 investment into $391.89. HubSpot's market capitalization currently stands at $25.31 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

STZ

Constellation Brands (NYSE:STZ) has delivered an average annual return of 20.25% over the past 15 years, outperforming the market. A $100 investment in STZ 15 years ago would now be worth $1,668.84. The company's current market capitalization stands at $43.68 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 8:00 pm

ETH-USD

SOL-USD

The total value locked in DeFi protocols reached $49.6 billion on Dec. 5, 2023, marking a significant increase from multiyear lows in mid-October. Blast, a Layer 2 project, attracted over $700 million in deposits, with assets locked until at least March 2024. Ethereum, a key DeFi asset, rose 42% since Oct. 13, outpacing the overall DeFi market. Lido and RocketPool, liquid staking services, hold 45% of DeFi's total value. Solana-based protocols marginfi, Jito, and Marinade Finance saw TVL increases of 60-120% in the past 30 days, with institutional interest in Solana growing as evidenced by Grayscale's Solana Trust trading at an 869% premium.

Portfolio Pulse from Khyathi Dalal

December 05, 2023 | 7:32 pm

PANW

Over the past 10 years, Palo Alto Networks (NASDAQ:PANW) has produced an average annual return of 32.64%, outperforming the market by 22.93% on an annualized basis. A $100 investment in PANW a decade ago would be worth $1,679.22 today. The company's market capitalization currently stands at $88.92 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:30 pm

NEE

NextEra Energy (NYSE:NEE) has delivered an average annual return of 10.91% over the past decade, outperforming the market. A $1000 investment in NEE 10 years ago would now be worth $2,774.94. The company's current market capitalization stands at $121.13 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 7:30 pm

FCX

Freeport-McMoRan's stock (FCX) is trading lower due to a drop in copper futures, which may indicate a bearish outlook for copper prices and potentially impact the company's revenue, as it is a major copper producer.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:27 pm

SCCO

Southern Copper Corporation's stock (SCCO) is trading lower in correlation with a decrease in copper futures prices.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 7:27 pm

IVV

SPXL

SPY

UPRO

VOO

The U.S. stock market has experienced a surge in buying activity, with over 60% of S&P 500 stocks reaching their 20-day high. The SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard 500 Index Fund ETF (VOO) have seen over 9% gains since October 31. Leveraged ETFs like Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P 500 (UPRO) have seen nearly 28% returns in the same period. Positive macroeconomic factors and solid earnings reports have contributed to this growth. Historical data suggests that 'extreme buying' events, where more than 60% of S&P 500 stocks hit a 20-day high, lead to an average 18% return over the following 12 months, indicating positive expectations for 2024.

Portfolio Pulse from Surbhi Jain

December 05, 2023 | 7:24 pm