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SPY

Federal Reserve's Bostic has stated that if inflation continues to decrease, it would confirm that the Fed's policy is in the right place. He also mentioned that wage pressures are developing in a good direction and he welcomes more moderate wage gains. He expects to see inflation cooling into the next year.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:55 pm

UMGNF

English-Albanian singer, Dua Lipa, has bought back her publishing rights from her former management company, TaP Music Publishing. This comes over a year after she left the firm. TaP Music confirmed the sale and wished her well for her future endeavors. TaP Music has a record label venture with Universal Music Group NV (OTC:UMGNF) and a publishing venture with Universal Music Publishing Group.

Portfolio Pulse from Franca Quarneti

November 03, 2023 | 7:36 pm

BSX

Boston Scientific (NYSE:BSX) has outperformed the market over the past 10 years by 6.7% on an annualized basis, producing an average annual return of 16.26%. If an investor had bought $1000 of BSX stock 10 years ago, it would be worth $4,410.58 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:30 pm

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 20 years, producing an average annual return of 14.76%. If an investor had bought $1000 of CDNS stock 20 years ago, it would be worth $15,417.85 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:30 pm

AMZN

BRK-A

BTCUSD

Charlie Munger, vice chairman of Berkshire Hathaway, shared his views on various topics in an interview with The Wall Street Journal. He discussed the challenges of making substantial acquisitions due to competitive bidding in the venture capital sector, expressed skepticism about the necessity of stock pickers, and advocated for index funds. Munger also commented on the surge in Bitcoin's value, expressing his preference for strong, sovereign-issued currencies. He disagreed with the idea of breaking up major tech companies like Amazon, appreciating their contribution to capitalism. Berkshire Hathaway's upcoming Q3 earnings are expected to benefit from high interest rates.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 7:27 pm

TSM

Unusual options activity has been observed for Taiwan Semiconductor (NYSE:TSM), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price of TSM is up 2.07% at $92.36. Needham has downgraded its action to Buy with a price target of $115.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:15 pm

RUNEUSD

THORChain's (CRYPTO: RUNE) price has risen 11.5% to $3.15 in the past 24 hours, continuing its positive trend over the past week with a 33.0% gain. The coin's trading volume has climbed 82.0% over the past week, and the circulating supply has increased 0.03% to 300.70 million, which makes up an estimated 60.14% of its max supply of 500.00 million. The current market cap ranking for RUNE is #49 at $949.94 million.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:00 pm

ARBUSD

Cryptocurrency Arbitrum (CRYPTO: ARB) has seen a price increase of 4.97% in the past 24 hours, reaching $1.03. This continues its positive trend over the past week, with an 11.0% gain. The trading volume for the coin has increased 60.0% over the past week, and the overall circulating supply has increased 0.05% to over 1.27 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:00 pm

ANET

Arista Networks (NYSE:ANET) has outperformed the market over the past 5 years by 18.69% on an annualized basis, producing an average annual return of 28.34%. If an investor had bought $1000 of ANET stock 5 years ago, it would be worth $3,427.54 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:00 pm

YUM

Yum Brands (NYSE:YUM) has outperformed the market over the past 20 years by 5.0% on an annualized basis, producing an average annual return of 12.37%. If an investor had bought $100 of YUM stock 20 years ago, it would be worth $1,031.31 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:00 pm