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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

NEARUSD

NEAR Protocol's price has decreased by 4.21% over the past 24 hours to $1.47, contrary to its performance over the past week where it saw an up-trend of 20.0%. The trading volume of NEAR Protocol has climbed 40.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.32%. The current market cap ranking for NEAR is #37 at $1.46 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 7:00 pm

BKNG

Booking Holdings (NYSE:BKNG) has seen a 5.23% decrease in short interest since its last report, with 581 thousand shares currently sold short. This represents 1.63% of all regular shares available for trading. The average time to cover these short positions, based on trading volume, is 2.93 days. The company's short interest as a percentage of float is lower than its peer group average of 7.15%.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:45 pm

BAC

JPM

TFC

WFC

A technical glitch at a major clearinghouse has caused direct deposit delays for customers at several leading banks, including JPMorgan Chase & Co (JPM), Wells Fargo & Co (WFC), Bank of America Corp (BAC) and Truist Financial Corp (TFC). The issue has disrupted the flow of payroll deposits and led to a spike in complaints across various banks. The Clearing House (TCH), responsible for operating the payment networks, acknowledged the issue and is working with the affected financial institutions to resolve the matter.

Portfolio Pulse from Michael Cohen

November 03, 2023 | 6:37 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 20 years, producing an average annual return of 18.11%. If an investor had bought $1000 of AZO stock 20 years ago, it would be worth $28,621.65 today. AutoZone currently has a market capitalization of $44.90 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:30 pm