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COIN

A cryptocurrency PAC named Fairshake, supported by Coinbase Global CEO Brian Armstrong, is spending on ads to back crypto-friendly candidates for the 2024 election. Armstrong pledged $1 million to the PAC, which aims to raise $50 million. The PAC has supported 13 candidates from both parties, focusing on those serving on committees that advance crypto legislation. The 2024 election could see record ad spending, with cryptocurrency potentially being a significant voter issue.

Portfolio Pulse from Chris Katje

November 21, 2023 | 9:24 pm

DGX

EPAM

SPY

The SPDR S&P 500 ETF Trust (SPY) has seen a significant rally, with a 10% gain since October 27, marking the strongest 17-day rally since November 2020. Despite this, only about 52% of S&P 500 stocks are trading above their 200-day moving average. The article lists 10 S&P 500 stocks with the largest discounts to their 200-day averages, including EPAM Systems (EPAM), Citigroup (C), Quest Diagnostic (DGX), Agilent Technologies (A), and others. It cautions that stocks significantly below their 200-day average could be value traps and advises investors to discern between undervalued stocks and those with declining business prospects.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 9:13 pm

APD

Over the past 20 years, Air Products & Chemicals (NYSE:APD) has produced an average annual return of 9.6%, outperforming the market. A $100 investment in APD 20 years ago would be worth $625.02 today. The company currently has a market cap of $61.55 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

SPGI

Over the past decade, S&P Global (NYSE:SPGI) has delivered an average annual return of 18.81%, outperforming the market. A $100 investment in SPGI 10 years ago would be worth $559.60 today. The company's market cap stands at $130.87 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

TRI

Thomson Reuters (NYSE:TRI) has outperformed the market with an average annual return of 19.84% over the past 5 years. A $1000 investment in TRI 5 years ago would be worth $2,507.98 today. The company's market capitalization stands at $63.26 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:30 pm

UNH

Over the past decade, UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 21.93%, outperforming the market. A $100 investment in UNH stock 10 years ago would be worth $730.43 today. UnitedHealth Group currently has a market cap of $496.27 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:30 pm

AMZN

BRK

GOOG

META

MSFT

ORCL

SPY

TSLA

In 2023, the world's top 10 richest individuals have seen a significant increase in their wealth, with a combined gain of $431.8 billion, largely due to a surge in stock prices. Elon Musk reclaimed his position as the richest person, with his wealth increasing by $82.8 billion, thanks to Tesla's stock rising 124% YTD. Other notable increases include Jeff Bezos with Amazon stock up 67%, and Mark Zuckerberg with Meta stock up 171%. The SPDR S&P 500 ETF Trust (SPY) is up 19% YTD, reflecting the overall market rebound.

Portfolio Pulse from Chris Katje

November 21, 2023 | 8:13 pm

PPG

PPG Industries (NYSE:PPG) has delivered an average annual return of 12.97% over the past 15 years, outperforming the market. A $100 investment in PPG stock 15 years ago would be worth $642.65 today. PPG currently has a market cap of $32.22 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

CVE

$1000 invested in Cenovus Energy (NYSE:CVE) 5 years ago would now be worth $2,523.88, reflecting an annualized return of 20.68%. Cenovus has outperformed the market, emphasizing the impact of compounded returns over time. The company's current market cap is $33.99 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:00 pm

AIRE

BURL

GLMD

HIBB

SYM

VTVT

U.S. stocks declined as the FOMC minutes were released, with the Dow, NASDAQ, and S&P 500 all falling. Health care shares rose by 0.8%, while information technology shares dropped by 0.9%. Burlington Stores, Symbotic, and Hibbett saw their shares rise after reporting positive financial results. Conversely, reAlpha Tech, vTv Therapeutics, and Galmed Pharmaceuticals experienced significant share price drops due to a public offering, reverse stock split, and study delay, respectively. Gold prices increased by 1.1%, and sales of previously owned homes in the U.S. fell by 4.1%.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 7:35 pm