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BTCUSD

SEC Chair Gary Gensler confirmed that the agency is actively working on several Bitcoin ETF filings. The review process is rigorous and similar to the traditional IPO process. This comes at a time when the cryptocurrency market is keenly observing regulatory developments. Gensler's comments underscore the SEC's commitment to a meticulous review to ensure that any approved Bitcoin ETF aligns with the regulatory framework aimed at safeguarding investor interests and maintaining market stability.

Portfolio Pulse from Murtuza Merchant

October 18, 2023 | 8:57 pm

LOW

A significant investor has taken a bearish stance on Lowe's Companies (NYSE:LOW), with 71% of recent trades being bearish. The price range targeted by these investors over the last 3 months is $130.0 to $270.0. The current price of LOW is down -2.37% at $193.46. Truist Securities and Telsey Advisory Group have maintained their Buy and Market Perform ratings respectively, while HSBC has downgraded its action to Hold.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:45 pm

VIAV

Viavi Solutions Inc. (NASDAQ: VIAV) has appointed Ilan Daskal as its new Executive Vice President and Chief Financial Officer, effective from November 7, 2023. Daskal, who previously served as EVP and CFO at Bio-Rad Laboratories, Inc., will report to President and CEO Oleg Khaykin and oversee the global finance organization.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:34 pm

RIG

Transocean Ltd. (NYSE:RIG) has issued a quarterly Fleet Status Report, detailing the current status and contract information for its fleet of offshore drilling rigs. The report includes new contracts and extensions, contributing to an aggregate incremental backlog of approximately $745 million. As of October 18, 2023, the company's total backlog is approximately $9.4 billion.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:33 pm

ETHUSD

Ethereum's whale addresses, known as the 'billionaire tier', now hold 32.3% of its total available supply, the highest since 2016. The Ethereum Foundation recently sold 1,700 ETH for USDC 2.76 million. The total number of Ethereum wallets holding some balance has exceeded the 100 million mark. In the past year, ETH prices have increased by 20%.

Portfolio Pulse from Khyathi Dalal

October 18, 2023 | 8:32 pm

BHVN

Steven A. Cohen's Point72 Asset Management, L.P. has reported a 5.1% stake in Biohaven Ltd. as of October 17, 2023, according to a 13G filing.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:31 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past 20 years, producing an average annual return of 9.95%. If an investor had bought $1000 of NEE stock 20 years ago, it would be worth $6,670.63 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:30 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 20 years, producing an average annual return of 16.85%. If an investor had bought $1000 of SHW stock 20 years ago, it would be worth $23,104.58 today. The company currently has a market capitalization of $62.30 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:30 pm

CCI

Crown Castle Inc's CFO, Daniel K. Schlanger, will be leaving the company effective March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:30 pm

GDX

GDXJ

GFI

HMY

XOP

The gold-to-copper ratio, a key economic indicator, has crossed a crucial threshold, signaling positive prospects for metals and mining. The price of gold has risen by 6% since October 7 due to the conflict in the Middle East. Gold miners have outperformed other industries in October, with the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ) seeing gains of 9.5% and 7.5% respectively. Gold Fields Limited (GFI) and Harmony Gold Mining Company Ltd (HMY) have been the top performers in these ETFs.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 8:24 pm