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SPY

Bill Gross, a renowned bond investor, has recommended investing in the yield curve, specifically in combinations of 2/10 and 2/5. He predicts these will go positive before the end of the year. He also mentioned that he is buying SFR h5 (SOFR Futures), indicating a shift from the 'higher for longer' investment strategy.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:24 pm

NFLX

Netflix (NASDAQ:NFLX) has outperformed the market over the past 10 years by 14.9% on an annualized basis, producing an average annual return of 23.95%. If an investor had bought $1000 of NFLX stock 10 years ago, it would be worth $8,921.88 today.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:00 pm

FCX

Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 14.26% on an annualized basis, producing an average annual return of 23.93%. If an investor had bought $100 of FCX stock 5 years ago, it would be worth $298.89 today.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:00 pm

ETHUSD

Ethereum's price has risen by 3.15% in the last 24 hours to $1,681.45, continuing its positive trend over the past week with a 7.0% gain. The trading volume for the coin has increased by 4.0% over the past week, and the overall circulating supply has increased by 0.05% to over 120.27 million. Ethereum's current market cap ranking is #2 at $202.27 billion.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:00 pm

BTCUSD

Bitcoin's price rose 3.12% to $30,823.00 over the past 24 hours, continuing its positive trend over the past week with a 9.0% gain. The trading volume for the coin has fallen 29.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.01%. The current market cap ranking for BTC is #1 at $602.20 billion.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:00 pm

CSX

Over the past 10 years, CSX (NASDAQ:CSX) has outperformed the market by 4.1% on an annualized basis, producing an average annual return of 13.14%. If an investor had bought $1000 of CSX stock 10 years ago, it would be worth $3,432.18 today.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 2:30 pm

CAT

Over the past 10 years, Caterpillar (NYSE:CAT) has outperformed the market by 2.45% on an annualized basis, producing an average annual return of 11.49%. If an investor had bought $1000 of CAT stock 10 years ago, it would be worth $2,959.90 today.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 2:30 pm

ORA

Ormat Technologies Inc (ORA) has agreed to acquire a 150 MW portfolio from Enel Green Power North America for $271 million. The portfolio includes two operating geothermal power plants, a triple hybrid geothermal, solar PV and solar thermal power plant, and two greenfield development assets. The assets have generated an annual revenue of approximately $35 million and an EBITDA of about $24 million for the years 2020-2022. The acquisition is expected to close by Q1 2024.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 2:29 pm

RIVN

Rivian Automotive Inc's shares have dropped by 12.7% over the past five sessions, influenced by Tesla's disappointing Q3 results and the rise in Treasury yields. The company's recent issuance of $1.5 billion in green convertible senior notes has raised concerns among investors due to the increased debt load. The notes offer a 3.625% annual interest rate, with semi-annual payments from 2024 and maturing in 2030. The proceeds will be used for environmentally friendly projects.

Portfolio Pulse from Henry Khederian

October 23, 2023 | 2:22 pm

C

Recent unusual options activity indicates a bearish stance on Citigroup (NYSE:C) with 64% of investors opening trades with bearish expectations. Whales have been targeting a price range from $30.0 to $60.0 for Citigroup over the last 3 months. The price of Citigroup is down -1.18% at $39.21. Analysts from Goldman Sachs, Morgan Stanley, BMO Capital, and Oppenheimer have maintained their ratings on Citigroup with price targets ranging from $41 to $82.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 2:16 pm