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ADBE

Adobe (NASDAQ:ADBE) has outperformed the market over the past 5 years by 8.67% on an annualized basis, producing an average annual return of 17.5%. If an investor had bought $1000 of ADBE stock 5 years ago, it would be worth $2,245.49 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 6:00 pm

ETHUSD

On Tuesday, 5,154.33 Ether (ETH) worth $9.3M was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -4.59%.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 6:00 pm

CMI

GNRC

GVA

JCI

LUV

PWR

RTX

SAVE

UPS

Benzinga's options activity scanner has identified significant options activity in 10 industrial stocks. The stocks include JCI, LZ, SAVE, RTX, PWR, LUV, GVA, UPS, GNRC, and CMI. The options activity ranges from bearish to bullish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:35 pm

ABNB

CHWY

CVNA

CZR

DASH

LCID

SBUX

TPX

TSLA

YUMC

Benzinga's options activity scanner has detected significant options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Lucid Group (LCID), Caesars Entertainment (CZR), Tempur Sealy International (TPX), Airbnb (ABNB), Yum China Holdings (YUMC), Starbucks (SBUX), Chewy (CHWY), Carvana (CVNA), and DoorDash (DASH). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:35 pm

AAPL

AMD

EXTR

IBM

INTC

MLNK

NET

NVDA

TSM

VNET

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks mentioned are NVDA, AMD, EXTR, VNET, MLNK, IBM, TSM, NET, INTC, and AAPL. The article provides detailed information about the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:35 pm

PEP

A significant investor has taken a bullish stance on PepsiCo (NASDAQ:PEP), with 63% of investors opening trades with bullish expectations and 36% with bearish. The targeted price range for PepsiCo over the last 3 months is $135.0 to $165.0. The current price of PEP is up 1.0% at $164.92. DZ Bank upgraded its action to Buy with a price target of $187, while RBC Capital downgraded its action to Sector Perform with a price target of $180. Wells Fargo, Morgan Stanley, and Wedbush have maintained their ratings with price targets of $170, $190, and $195 respectively.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:32 pm

VLO

Valero Energy (NYSE:VLO) has outperformed the market over the past 15 years, producing an average annual return of 13.69%. If an investor had bought $100 of VLO stock 15 years ago, it would be worth $617.29 today. The company currently has a market capitalization of $43.50 billion.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:30 pm

AJG

Arthur J. Gallagher (NYSE:AJG) has outperformed the market over the past 5 years by 16.48% on an annualized basis, producing an average annual return of 25.33%. If an investor had bought $100 of AJG stock 5 years ago, it would be worth $310.52 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:30 pm

COUR

KBWB

LVS

The stock market is falling with the S&P 500 down more than 10% from its 2023 high due to inflation and government spending. Despite financial issues in China, Macau visitation is back at 2019 levels, which is positive for Las Vegas Sands ($LVS). Bank ETFs are predicting more bank failures, with the KBW Bank ETF ($KBWB) falling from $46 to $36. Gold and Bitcoin are rising while Treasuries are falling. 3Q GDP is up 4.9%, but this is seen as misleading. Coursera ($COUR) has had a great quarter, but its guidance is still conservative.

Portfolio Pulse from Gary Brode

November 01, 2023 | 5:18 pm

ACU

Acme United Corporation (NYSE:ACU) has sold its Camillus and Cuda hunting and fishing product lines to GSM Holdings for $19.8 million. The company will recognize an after-tax gain of approximately $10 million in Q4 2023. The proceeds will be used to pay down about $15 million of bank debt. The sale is expected to be earnings breakeven after eliminating associated expenses and interest savings from debt reduction.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 5:12 pm