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Assets

AME

Over the past 20 years, AMETEK (NYSE:AME) has produced an average annual return of 16.68%, outperforming the market by 9.21% annually. A $1000 investment in AME 20 years ago would be worth $22,147.99 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:00 pm

UNP

Union Pacific (NYSE:UNP) has seen a 7.41% decrease in short interest since its last report, with 6.11 million shares sold short, representing 1.0% of its float. The average time to cover these short positions is 1.97 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. Union Pacific's short interest is slightly below its peer group average of 1.02%.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:00 pm

ETHUSD

On Tuesday, 8,320.17 Ether (ETH) valued at approximately $16.9 million was burned, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 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 -9.74% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 6:00 pm

TRX-USD

The HECO Chain bridge experienced a security breach resulting in the theft of over $86.6 million in cryptocurrencies, including Ether and Shiba Inu. Tron's founder Justin Sun has committed to covering all user losses and has temporarily suspended deposits and withdrawals for investigation. The breach is the second major exploit of a Sun-affiliated project, following a $100 million exploit at Poloniex exchange in November.

Portfolio Pulse from Murtuza Merchant

November 22, 2023 | 5:52 pm

OKE

Over the past 20 years, ONEOK (NYSE:OKE) has delivered an average annual return of 9.96%, outperforming the market by 2.48% on an annualized basis. With a current market capitalization of $38.79 billion, a $1000 investment in OKE stock 20 years ago would be worth $6,721.86 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:30 pm

AMT

BRSP

CSGP

NREF

ORC

PLD

REM

TLT

XLRE

U.S. mortgage applications have increased by 3%, the largest weekly rise in two months, coinciding with a drop in the average contract interest rate for 30-year fixed-rate mortgages to 7.41%. The decline in mortgage rates is attributed to a reduction in U.S. bond yields, which also saw the 30-year Treasury bond yield fall to 4.53%. The iShares 20+ Year Treasury Bond ETF (TLT) has seen a 10% rally over the past month. Morgan Stanley predicts a 3% drop in home prices by the end of 2024 due to improving affordability. Real estate stocks and ETFs like XLRE, PLD, AMT, CSGP, and REM, as well as companies like NREF, BRSP, and ORC, have shown positive market reactions following the news.

Portfolio Pulse from Piero Cingari

November 22, 2023 | 5:04 pm

SPY

The latest report on USA Natural Gas Storage showed a decrease of 7 billion cubic feet, compared to the estimated increase of 7 billion cubic feet and the prior increase of 60 billion cubic feet.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 5:02 pm

SHOP

Over the past 15 years, Shopify (NYSE:SHOP) has delivered an average annual return of 15.04%, outperforming the market by 3.64% on an annualized basis. A $1000 investment in Shopify 15 years ago would be worth $8,092.54 today. Shopify's market capitalization currently stands at $90.64 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 5:00 pm

CTO

CTO Realty Growth Inc (NYSE:CTO) has sold the Eastern Commons shopping center in Henderson, Nevada, for $18.2 million. The sale of the 129,600 square foot property, which had an exit cap rate of 7.4%, resulted in a gain of approximately $1.7 million. The proceeds will be used to repay part of the company's revolving unsecured credit facility. Following the sale, CTO has about $53.7 million in 1031 restricted cash accounts. The company's Q3 FY23 sales were $28.47 million, surpassing estimates, with core FFO per share at $0.47. As of September 30, CTO had $29.6 million in cash and equivalents. CTO shares rose 0.70% to $16.58.

Portfolio Pulse from Lekha Gupta

November 22, 2023 | 4:13 pm

BNBUSD

BTCUSD

Changpeng Zhao, founder of Binance, stepped down as CEO following a $4.3 billion settlement with the U.S. government. Despite this, Zhao's net worth is $23 billion, having increased by $10.5 billion in 2023. His wealth is tied to his stakes in Binance and Binance.US, as well as investments in Bitcoin and Binance Coin. The settlement and resignation could impact Binance's future and Zhao's wealth, which peaked at $96.9 billion in January 2022 but fell significantly during the year.

Portfolio Pulse from Chris Katje

November 22, 2023 | 4:07 pm