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Assets

FI

Fiserv (NYSE:FI) has delivered an average annual return of 19.84% over the past 15 years, outperforming the market by 8.14% on an annualized basis. A $100 investment in Fiserv stock 15 years ago would be worth $1,488.65 today. Fiserv's market capitalization currently stands at $73.82 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:00 pm

RATE

SPY

The upcoming release of the FOMC minutes may serve as a reality check for markets that have recently adopted a dovish view on interest rates. Despite slowing inflation, the Fed may maintain a 'higher for longer' interest rate stance. The Global X Interest Rate Hedge ETF (RATE) has seen a decline in value, while the SPDR S&P 500 ETF (SPY) has risen following positive inflation data. Analysts are not expecting major surprises from the minutes but suggest that the market may be overly optimistic about rate cuts.

Portfolio Pulse from Neil Dennis

November 20, 2023 | 1:49 pm

ABVC

ABVC BioPharma, Inc. has entered into a securities purchase agreement with Lind Global Fund II, LP. The agreement includes a secured, convertible note for $1.2 million with a purchase price of $1 million, convertible into ABVC common stock at a price of $3.50 or 90% of the lowest VWAPs in the 20 days prior to conversion. Additionally, Lind received a warrant to purchase up to 1 million shares at $2 per share.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:40 pm

PPBI

Pacific Premier Bancorp, Inc. (PPBI) has repositioned its securities portfolio by selling $1.27 billion in available-for-sale securities, resulting in an estimated after-tax loss of approximately $182.3 million. The bank plans to deploy the net proceeds from the sale during the fourth quarter. The repositioning is expected to contribute $50.4 million to the bank's net interest income.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:21 pm

A

BA

MSFT

NVDA

QQQ

SPY

ZM

U.S. stock futures indicate a positive start to the week, with attention on Nvidia's earnings and Microsoft's AI team changes. Energy stocks may rise with oil prices, while bond yields are slightly up. The S&P 500 is close to its record high, with LPL Financial suggesting a new high is possible. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Microsoft and Boeing stocks are up in premarket trading, while Agilent Technologies and Zoom Video are set to report earnings. Oil prices and Bitcoin are up, while Asian markets are mixed and European stocks show mixed performance.

Portfolio Pulse from Shanthi Rexaline

November 20, 2023 | 12:25 pm

BLRX

BioLine Rx announced that its cash, cash equivalents, and short-term bank deposits total $26M. Additionally, the company has secured $29.6M from an exclusive license agreement and securities purchase agreement, which is expected to extend its cash runway into 2025.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:04 pm

CDE

Coeur Mining, Inc. (CDE) has agreed to purchase mining concessions near its Palmarejo mine from Fresnillo plc for a total of $25 million plus a future royalty. The deal involves an initial $10 million payment at closing, expected in 2024, with additional payments spread over the following two years, and a royalty on new resources discovered.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:03 pm

UBER

Uber Technologies Inc. has announced a proposed offering of $1.2 billion in convertible senior notes. The company plans to use part of the proceeds to fund capped call transactions, which are typically used to reduce potential dilution to existing shareholders upon conversion of the notes.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 12:01 pm

IAUX

I-80 Gold Corp announced positive results from ongoing underground drilling at its 100%-owned McCoy-Cove property in Nevada, confirming the continuity of high-grade mineralization in the CSD/Gap and Helen Zones.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:06 am

LEGN

Legend Biotech has reported that its cash and cash equivalents, deposits, and short-term investments totaling $1.4 billion are anticipated to fund its operating and capital expenditures through the year 2025.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 11:04 am