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COIN

Coinbase Global, Inc. (NASDAQ:COIN) stock reached a new 52-week high of $120.34, driven by positive developments in the cryptocurrency sector. Bitcoin's new high, a settlement with Binance, the election of a pro-cryptocurrency president in Argentina, and anticipation of BlackRock's Bitcoin ETF have contributed to Coinbase's over 70% gain in the past month. Trading volume for COIN has exceeded its 100-day average.

Portfolio Pulse from Erica Kollmann

November 27, 2023 | 5:37 pm

BTC-USD

TRX-USD

Tron (TRX) has become the preferred cryptocurrency network for militant groups, overtaking Bitcoin (BTC), according to financial crime experts. Israel and the U.S. have frozen numerous Tron wallets linked to Hamas and other designated terror organizations. Israel's NBCTF has frozen 143 Tron wallets, including 56 linked to Hamas, and in 2023 alone, seized 87 Tron wallets. Tron's spokesperson stated that the network does not control who uses its technology. No Bitcoin wallets have been frozen since the initial 30 in 2021.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 5:20 pm

AMT

CCI

SBAC

XHB

XLRE

The U.S. housing market in October 2023 showed mixed signals with a 5.6% decrease in new single-family home sales from September, but a 17.7% increase year-over-year. Median sales prices stood at $409,300, and inventory at 439,000. Building permits rose by 1.8% from the previous month. Real estate stocks had varied responses, with the Real Estate Select Sector SPDR Fund (XLRE) up by 0.4% and the SPDR S&P Homebuilders ETF (XHB) down by 0.3%. Crown Castle Inc. (CCI), SBA Communications Corporation (SBAC), and American Tower Corporation (AMT) saw share increases.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 5:04 pm

SPY

USO

Saudi Arabia is pushing for OPEC+ oil production quota cuts to support global oil markets, but faces resistance from some members. OPEC+ has postponed discussions due to disagreements over African quotas. Riyadh has already unilaterally cut supply by 1 million barrels per day since July and is seeking broader cooperation.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 4:35 pm

AZN

AstraZeneca (NASDAQ:AZN) is evaluated against its competitors in the Pharmaceuticals industry. The analysis includes financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. AstraZeneca's P/E, P/B, and P/S ratios are below the industry average, suggesting potential undervaluation. However, its ROE, EBITDA, gross profit, and revenue growth are also below the industry average, indicating possible inefficiencies and lower profitability. The company's lower debt-to-equity ratio compared to its top 4 peers suggests a stronger financial position.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

AVGO

Broadcom (NASDAQ:AVGO) is analyzed against competitors in the Semiconductors & Semiconductor Equipment industry. With a P/E ratio lower than the industry average, Broadcom may be undervalued based on growth potential. However, its high P/B and P/S ratios suggest possible overvaluation based on book value and sales. The company's ROE is above the industry average, indicating profitability and growth potential, but its EBITDA and gross profit are below the industry average, suggesting lower operational efficiency. Broadcom's revenue growth exceeds the industry average, showing strong sales expansion. The company's higher debt-to-equity ratio compared to top peers indicates higher financial risk.

Portfolio Pulse from Benzinga Insights

November 27, 2023 | 4:00 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) is resuming hiring in India for product and tech roles despite previous layoffs and regulatory challenges. The company has listed around 30 positions on LinkedIn and 14 on its website for remote work in Bengaluru and Hyderabad. This move follows significant layoffs in 2022 and January 2023, and difficulties due to India's cryptocurrency taxes and transaction issues. Gemini, another crypto company, is also expanding in India with a $24 million investment.

Portfolio Pulse from Khyathi Dalal

November 27, 2023 | 3:52 pm

ATOMUSD

Jae Kwon, founder of Cosmos, has proposed a chain split for the Cosmos blockchain, which has led to a 3% drop in the value of ATOM, the network's native token. The proposal comes after the Cosmos community approved proposal 848, which reduces ATOM's inflation from 14% to 10%. Kwon suggests creating AtomOne, a forked chain that would support the existing ATOM token and a new ATOM1 token, to prevent a massive selloff and potential collapse of ATOM.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 3:51 pm

USO

The Kuwait Oil Ministry has reaffirmed its commitment to OPEC decisions, emphasizing adherence to market quotas and oil production limits. This statement underlines Kuwait's support for OPEC's efforts to stabilize the oil market.

Portfolio Pulse from Charles Gross

November 27, 2023 | 3:24 pm

GNE

Genie Energy Ltd. (NYSE:GNE) has expanded its renewable energy portfolio through its subsidiary Sunlight Energy Investments by acquiring 12 operational solar arrays with a collective generation capacity of 9.4 MW-DC. These arrays, located in Ohio and Michigan, are under long-term fixed-price PPAs and are expected to be immediately accretive to Genie Energy's bottom line. The acquisition also includes the first right of refusal for future projects by the developer. GNE shares saw a slight increase of 0.95% to $25.57.

Portfolio Pulse from Akanksha Bakshi

November 27, 2023 | 3:17 pm