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INTU

Over the past 10 years, Intuit (NASDAQ:INTU) has delivered an average annual return of 22.43%, outperforming the market by 12.74% on an annualized basis. A $1000 investment in Intuit a decade ago would be worth $7,629.44 today. Intuit's market capitalization currently stands at $158.90 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has decreased by 3.33% over the past 24 hours to $60.41, despite a 12.0% increase over the past week. The trading volume has increased by 76.0%, while the circulating supply has decreased by 0.28%, with a current market cap ranking of #6 at $25.65 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 7:00 pm

AAPL

BRK-B

MSFT

Bitcoin's market cap has surpassed Berkshire Hathaway's, reaching $813.9 billion compared to Berkshire's $778.1 billion. Despite Warren Buffett and Charlie Munger's criticism of Bitcoin as 'rat poison,' the cryptocurrency has seen a 142% surge in the past year, while Berkshire Hathaway's stock gained 15%. Bitcoin is nearing a $1 trillion market cap, a level it previously reached in February 2021. However, it still trails behind Apple and Microsoft in market valuation. The recent increase in Bitcoin's price to over $40,000 resulted in the liquidation of over $184 million in short derivatives positions.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 6:51 pm

MA

Benzinga's options scanner detected unusual options activity for Mastercard (NYSE:MA), with a bullish sentiment from deep-pocketed investors. The options market dynamics show 23 extraordinary activities, with 65% bullish and 34% bearish. Notable trades include calls and puts with strike prices ranging from $160 to $420, expiring between 2024 and 2025. Mastercard, a leading payment processor, saw a slight stock price decrease of -0.19%, with a neutral RSI indicator. An earnings announcement is expected in 52 days.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:45 pm

COIN

Coinbase CEO Brian Armstrong believes Bitcoin can uphold Western values and act as a check and balance for the U.S. dollar. Contrary to the view that cryptocurrencies threaten fiat currencies, Armstrong sees them as complementary, with Bitcoin supporting American interests and stablecoins like USDC bridging the gap between fiat and crypto.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 6:30 pm

PXD

Over the past 20 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 10.8%, outperforming the market. A $1000 investment in PXD 20 years ago would be worth $7,951.68 today. The company's market capitalization currently stands at $53.94 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:30 pm

GDX

GOLD

KGC

NEM

Gold has reached a record high of over $2,146 per ounce, yet gold mining stocks have not seen similar gains, with the VanEck Gold Miners ETF (GDX) 50% below its 2011 peak. Rising production costs, stock dilution, local opposition, and a fragmented industry are cited as reasons for the underperformance. Oliver Groß points to increased costs in energy, labor, and operations, while Ima Casanova of VanEck sees gold stocks as undervalued and poised for a re-evaluation.

Portfolio Pulse from Piero Cingari

December 04, 2023 | 6:11 pm

NOW

ServiceNow (NYSE:NOW) has significantly outperformed the market with an average annual return of 29.79% over the past decade. An initial investment of $100 in NOW stock would have grown to $1,336.63 today. ServiceNow's market capitalization currently stands at $141.51 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:00 pm

ETHUSD

On Sunday, 7,000.75 Ether (ETH) valued at approximately $15.5 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5, 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 -7.56% yesterday.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 6:00 pm

BTCUSD

El Salvador's Bitcoin investment has become profitable, with President Nayib Bukele announcing an unrealized gain of $3.6 million. Despite criticism, the country's long-term strategy means it does not plan to sell its holdings, challenging skeptics who predicted losses due to Bitcoin's volatility.

Portfolio Pulse from Murtuza Merchant

December 04, 2023 | 5:58 pm