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FBGRX

TSLA

Fidelity Investments, which holds a stake in Twitter through its Fidelity Blue Chip Growth Fund (FBGRX), has marked down the valuation of its Twitter investment to $6,267,608, a 68.1% discount from Elon Musk's purchase price. This valuation represents about 0.01% of the fund's assets. The markdown reflects challenges Twitter faces, including advertising issues after Musk's controversial interaction with an antisemitic post. Musk's comments to advertisers could exacerbate the situation, potentially impacting Twitter's cash flow and profitability. Tesla (TSLA), another Musk-related asset, is the thirteenth largest position in the fund.

Portfolio Pulse from Chris Katje

December 04, 2023 | 8:13 pm

CRM

NVDA

Mistral AI, a competitor to OpenAI, is close to securing approximately €450 million in funding, valuing the company at around $2 billion. The funding round includes major contributions from Nvidia Corp. and Salesforce Inc., with Andreessen Horowitz leading the equity investment. The round consists of over €325 million in equity and €120 million in convertible debt. Some insiders, including adviser Cedric O, are expected to sell parts of their stakes.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:02 pm

SHW

Over the past 20 years, Sherwin-Williams (NYSE:SHW) has produced an average annual return of 17.45%, outperforming the market by 9.98% on an annualized basis. A $1000 investment in SHW 20 years ago would be worth $25,042.05 today. Sherwin-Williams currently has a market capitalization of $72.15 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:00 pm

ETHUSD

Macroeconomic expert Raoul Pal predicts the crypto world will potentially surpass the traditional fiat economy in scale and influence. He notes the crypto economy's rapid growth, with a 100% annual growth rate and 425 million 'residents.' Pal sees the anticipated spot Bitcoin ETF as a 'trade agreement' between fiat and crypto, which could lead to a similar Ethereum ETF. He describes Ethereum as a 'digital nation-state' with its own sophisticated ecosystem. Pal suggests that global liquidity injections have a more significant impact on crypto asset prices and foresees the crypto space becoming the most populous 'country' within two years.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 7:55 pm

AVAXUSD

BTCUSD

DOGEUSD

LINKUSD

RUNEUSD

SHIBUSD

Experts assert that the current crypto market rally is genuine, driven by strong fundamentals and positive market sentiment. Bitcoin is expected to surpass its all-time high by the end of 2024 and hit new records in 2025. Altcoins like Dogecoin, Shiba Inu, Ordi, and Terra Luna are also experiencing significant gains. Projects like Avalanche, Chainlink, and ThorChain have outperformed Bitcoin recently, and new projects like Celestia are predicted to contribute to the largest altcoin market cap in history by 2025. The surge in Bitcoin prices is partly attributed to the anticipation of a spot Bitcoin ETF, with a temporary dip expected post-approval. Market volatility, geopolitical instability, and rising debt levels are also influencing the shift towards cryptocurrencies. However, analysts warn of potential technical hurdles and a strong U.S. macroeconomic backdrop that could affect rate cut expectations.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 7:38 pm

A

Agilent Technologies (NYSE:A) has delivered an average annual return of 14.05% over the past 15 years, outperforming the market. A $100 investment in Agilent Technologies 15 years ago would be worth $746.87 today. The company's current market capitalization stands at $37.61 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:30 pm

FTNT

Fortinet (NASDAQ:FTNT) has significantly outperformed the market with an average annual return of 30.58% over the past decade. An investment of $1000 in FTNT 10 years ago would now be worth $14,462.22. The company's current market capitalization stands at $40.08 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:30 pm

MSTR

Litecoin (CRYPTO: LTC) has seen a 1.5% increase in value over the past 24 hours. The rise in Litecoin and other altcoins coincides with a broader cryptocurrency market upswing, highlighted by Bitcoin's surge past $40,000 following MicroStrategy's purchase of 16,130 Bitcoins. MicroStrategy now holds 174,530 Bitcoins at an average price of $30,252 each. Additionally, the SEC is considering a rule change that could allow Fidelity to offer an Ethereum ETF, indicating growing institutional interest in cryptocurrencies. This trend could indirectly benefit Litecoin as investors look for alternative investment opportunities in the crypto space.

Portfolio Pulse from Henry Khederian

December 04, 2023 | 7:29 pm

WBTCUSD

Wrapped Bitcoin (WBTC) has seen a significant price increase of 5.29% in the last 24 hours, reaching $41,615.00. Over the past week, WBTC has gained 12.0%, rising from $36,944.56. Despite the recent gains, it is still below its all-time high of $70,643.00. The trading volume for WBTC has increased by 136.0% over the past week, while the circulating supply has slightly decreased by 0.54%. The current market cap for WBTC is $6.67 billion, ranking it 16th in the market.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

BCH-USD

Bitcoin Cash (CRYPTO: BCH) has seen a significant increase of 8.99% in the past 24 hours, reaching a price of $247.47. Over the past week, the cryptocurrency has risen over 11%, up from $222.13. Despite the recent gains, it is still far from its all-time high of $3,785.82. Trading volume has surged by 241% over the past week, while the circulating supply has slightly decreased by 0.4%. Bitcoin Cash's market cap is currently ranked #20, valued at $4.84 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm