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MARA

MSTR

Marathon Digital Holdings Inc (MARA) shares rose 7.4% amid a surge in Bitcoin prices following MicroStrategy Inc's (MSTR) purchase of 16,130 Bitcoins. The SEC's acknowledgment of Fidelity's filing for an Ethereum ETF also contributed to the positive sentiment in crypto stocks. Bitcoin miners like MARA benefit from higher Bitcoin prices, which can lead to increased revenue and profitability.

Portfolio Pulse from Henry Khederian

December 01, 2023 | 3:17 pm

LTCUSD

Litecoin (CRYPTO: LTC) has seen a 3.03% increase in price over the last 24 hours, reaching $71.43, continuing a positive trend from the past week with a 2.0% gain. The coin's all-time high is $410.26. Trading volume has increased by 11.0% over the past week, while the circulating supply has slightly decreased by 0.2%. Litecoin's market cap is currently ranked #19 at $5.29 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:00 pm

XYL

Over the past 10 years, Xylem (NYSE:XYL) has produced an average annual return of 11.95%, outperforming the market. A $100 investment in XYL a decade ago would be worth $311.25 today. Xylem's market capitalization currently stands at $25.24 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:00 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has risen by 3.16% in the last 24 hours, reaching $5.42. Over the past week, the price has increased by over 3%, starting from $5.24. The coin's all-time high is $54.98. Trading volume has surged by 80% over the past week, and the circulating supply has grown by 0.03% to over 1.30 billion. Polkadot's current market cap is $7.05 billion, ranking it 16th.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:00 pm

AVAXUSD

Avalanche (CRYPTO: AVAX) has seen a 6.2% increase in price over the past 24 hours, reaching $22.26, and a 5.0% gain over the past week from $21.18. The coin's all-time high is $144.96. Trading volume for Avalanche has risen by 28.0% over the past week, and the circulating supply has increased by 0.26% to 365.15 million, approximately 50.72% of the max supply. Avalanche's market cap is currently ranked #14 at $8.13 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 3:00 pm

LLY

Eli Lilly (NYSE:LLY) has delivered an impressive average annual return of 27.95% over the past 10 years, significantly outperforming the market. An initial investment of $100 in LLY stock a decade ago would be worth $1,178.56 today. The company's current market capitalization stands at $557.96 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 2:30 pm

MSCI

Over the past 10 years, MSCI (NYSE:MSCI) has produced an average annual return of 28.03%, outperforming the market by 18.24% on an annualized basis. A $100 investment in MSCI stock a decade ago would be worth $1,182.26 today. MSCI's market capitalization currently stands at $41.19 billion.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 2:30 pm

CGC

Canopy Growth Corporation (CGC) has completed the sale of its sports drinks unit, BioSteel Canada and BioSteel Manufacturing, LLC, for $30.4 million. The transactions with the Coachwood Group and another third party will help Canopy Growth focus on its core cannabis operations and improve its balance sheet by using a portion of the proceeds to repay debt. The Ontario Superior Court of Justice approved the sale, and Canopy's shares saw a 3.2216% increase to $0.5479 per share following the announcement.

Portfolio Pulse from Jelena Martinovic

December 01, 2023 | 2:28 pm

BTCUSD

Venture capital investor Tim Draper recommends buying Bitcoin (BTC) for the holiday season, anticipating its price to reach $250,000 by 2024. Draper's optimism is based on factors such as the next Bitcoin halving, potential reduction in U.S. interest rates, and the likelihood of spot BTC ETFs. He envisions a future where Bitcoin is used for everyday transactions, replacing traditional currency. Draper has a history of making Bitcoin price predictions, with varying degrees of accuracy.

Portfolio Pulse from Justin Roberti

December 01, 2023 | 2:09 pm

BETS

Bit Brother Limited (NASDAQ:BETS) has announced the purchase of 3300 units of Antminer S19 miners to boost its Bitcoin mining operations. The investment is expected to increase the company's total hash rate to 400,000 TH/s, enhancing its position in the cryptocurrency mining industry. The company's technical team has optimized the performance of the mining machines to improve efficiency and returns for investors.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:05 pm