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Bill Gross, co-founder of PIMCO, has expressed interest in regional banks, seeing them as a long-term investment opportunity. He previously bought stocks of Western Alliance Bancorp, Synovus Financial Corp, PacWest Bancorp, and SPDR S&P Regional Banking ETF, selling off 80% of the holding in July. He has indicated a renewed interest in regional banks. The article also highlights three regional bank ETFs: SPDR S&P Regional Banking ETF, iShares U.S. Regional Banks ETF, and Invesco KBW Regional Banking ETF.

Portfolio Pulse from Surbhi Jain

October 31, 2023 | 5:21 pm

TTD

Trade Desk (NASDAQ:TTD) has outperformed the market over the past 5 years by 33.12% on an annualized basis, producing an average annual return of 41.91%. If an investor had bought $1000 of TTD stock 5 years ago, it would be worth $5,531.85 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

SHOP

Shopify (NYSE:SHOP) has outperformed the market over the past 15 years, producing an average annual return of 12.14%. If an investor had bought $1000 of SHOP stock 15 years ago, it would be worth $5,877.67 today. Shopify currently has a market capitalization of $60.09 billion.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

Citigroup (NYSE:C) has seen unusual options activity, with a significant bearish stance taken by investors. Of the 18 strange trades detected, 61% were bearish and 38% bullish. The total trade price for the 4 puts was $338,518 and for the 14 calls was $1,093,241. The price target range for Citigroup over the last 3 months has been $25.0 to $50.0. Analysts from various firms have maintained their ratings on Citigroup, with price targets ranging from $41 to $82.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:31 pm

COR

Cencora (NYSE:COR) has outperformed the market over the past 5 years, producing an average annual return of 15.64%. If an investor had bought $1000 of COR stock 5 years ago, it would be worth $2,067.86 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:30 pm

HCA

HCA Healthcare (NYSE:HCA) has outperformed the market over the past 10 years by 8.12% on an annualized basis, producing an average annual return of 17.08%. If an investor had bought $1000 of HCA stock 10 years ago, it would be worth $4,709.05 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 4:30 pm

OSTK

An option alert has been issued for Overstock.com with January 2026 $30 calls sweep near the ask price. The volume is 400 at $4.828 against an open interest of 1128. The reference price is $15.76.

Portfolio Pulse from Charles Gross

October 31, 2023 | 4:30 pm

EIS

SPY

USO

VGK

The World Bank has predicted on CNBC that oil prices could reach $157 per barrel if conflicts in the Middle East escalate. This could impact various ETFs including EIS (iShares MSCI Israel ETF), SPY (SPDR S&P 500 ETF Trust), USO (United States Oil Fund), and VGK (Vanguard FTSE Europe ETF).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:08 pm

SPY

USO

The U.S. Energy Information Administration reported that U.S. crude oil production in August increased by 0.7% to 13.05 million barrels per day, setting a new monthly record.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:05 pm

TLT

TSLA

The U.S. Treasury's announcement of borrowing $1.592T over six months is causing investors to buy stocks. However, the details of the Treasury's issuance, which could significantly impact yields and bonds, are yet to be announced. Tesla's stock is trading below $200 due to lower than expected earnings from ON Semiconductor Corp, a supplier of silicon carbide chips for electric vehicles, and Panasonic Holdings Corp cutting battery production. This has also impacted other EV stocks and lithium stocks. Earnings from Caterpillar Inc., Pfizer Inc., Amgen, Inc., and BP plc are lower than expected. Bank Of Japan is abandoning strict yield control, which could negatively impact the U.S. stock market in the long term. China's factory activity has returned to contraction, and Eurozone inflation eases.

Portfolio Pulse from The Arora Report

October 31, 2023 | 4:01 pm