Streetbeat News

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ARGT

MSFT

NVDA

PARA

PENN

USO

XLE

XLK

U.S. stocks are trading higher, with major indices in the green. The U.S. dollar index has fallen to its lowest since August. Oil prices have rallied, with WTI surpassing $78 per barrel ahead of an OPEC+ meeting. The Energy Select Sector SPDR Fund (XLE) is up 0.5%. Treasury yields are flat. Tech stocks lead gains, with the Technology Select Sector SPDR Fund (XLK) up 1%. Microsoft hired former OpenAI executives, boosting its shares by 2%. Nvidia (NVDA) is up 1% before its earnings release. Citigroup (C) rose after announcing layoffs. Boeing (BA) surged 4% after an upgrade from Deutsche Bank. Paramount Global (PARA) soared 6.5% after selling Bellator MMA. PENN Entertainment (PENN) rallied 7% after an upgrade from Bank of America. The United States Oil Fund (USO) increased by 3.1%. European and emerging market ETFs saw mixed results, with ARGT up 12% after Argentina's presidential elections. Cryptocurrencies Bitcoin and Ethereum are up.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 6:35 pm

COP

CVX

USO

XOM

OPEC is considering additional production cuts of 1 million barrels a day to support falling oil prices, on top of the existing 5 million b/d reduction. Crude oil prices rose on Monday, with Brent crude at $82.38 a barrel and WTI at $77.77. Oil majors Chevron, ConocoPhillips, and ExxonMobil have seen stock declines over the past month. The United States Oil Fund ETF also rose on Monday. The potential cuts are in response to fears of reduced demand due to slowing global growth and high interest rates.

Portfolio Pulse from Neil Dennis

November 20, 2023 | 6:32 pm

AVGO

Broadcom (NASDAQ:AVGO) has significantly outperformed the market with an average annual return of 36.34% over the past 10 years. A $100 investment in AVGO a decade ago would now be worth $2,271.72. The company's current market capitalization stands at $401.51 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:30 pm

MCO

Over the past 10 years, Moody's (NYSE:MCO) has produced an average annual return of 17.13%, outperforming the market by 7.49% on an annualized basis. With a current market capitalization of $66.06 billion, a $1000 investment in MCO a decade ago would be worth $4,845.89 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:30 pm

ETHUSD

Ethereum (ETH) has seen a 73% increase over the past year, with a 26% rise in the past month, partly due to anticipation of a Bitcoin ETF approval. Data shows a rise in 'ETH billionaires' who hold over 32% of the supply. The top holders are exchanges and the Beacon Deposit Contract, with individual celebrities also holding significant amounts. MetaMask and Ledger are highlighted as top wallets for Ethereum storage.

Portfolio Pulse from Khyathi Dalal

November 20, 2023 | 6:16 pm

SPY

The U.S. Treasury has sold $16 billion worth of 20-year bonds at a high yield of 4.780%, with 18.63% of the bids being awarded at this high yield.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 6:04 pm

AON

Over the past 10 years, Aon (NYSE:AON) has delivered an average annual return of 14.94%, outperforming the market. An initial investment of $1000 in AON stock a decade ago would now be worth $4,048.54. Aon's market capitalization currently stands at $65.96 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

ETHUSD

On Sunday, 4,378.14 Ether (ETH) valued at $9M 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 Ethereum network currently has a 4% annual issuance rate of new Ether, expected to drop to 0.5-1% with Ethereum 2.0, potentially making ETH deflationary. The net annualized issuance rate for Ether was -3.22% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

COIN

MARA

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has experienced significant insider selling in November, with key executives and a director offloading shares. Despite this, MSTR stock has risen 13.96% since November 1, and analysts rate it a Buy. The company's aggressive Bitcoin accumulation strategy may be influencing its stock performance, as it holds a substantial amount of Bitcoin relative to its market cap. Other crypto-related stocks like Coinbase Global Inc. (NYSE:COIN) and Marathon Digital Holdings Inc (NYSE:MARA) have also been rallying, potentially due to optimism around a spot Bitcoin ETF.

Portfolio Pulse from Surbhi Jain

November 20, 2023 | 5:39 pm

EOG

EOG Resources (NYSE:EOG) has delivered an average annual return of 13.21% over the past 20 years, outperforming the market by 5.7% annually. A $100 investment in EOG 20 years ago would be worth $1,196.09 today. The company's current market capitalization stands at $72.38 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 5:00 pm