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BRK

Charlie Munger, Vice-Chairman of Berkshire Hathaway, could have amassed a fortune of over $10 billion if he had retained all his Berkshire Hathaway stocks. Munger, who currently owns 4,033 Class A shares of the company valued at $2.1 billion, has sold or donated over 75% of his Berkshire stock over the years for philanthropic endeavors.

Portfolio Pulse from Benzinga Neuro

October 16, 2023 | 7:11 am

HON

Honeywell's 32nd Annual Global Business Aviation Outlook forecasts up to 8,500 new business jet deliveries worth $278B from 2024 to 2033. New business jet deliveries in 2024 are expected to be 10% higher than in 2023, with expenditures 13% higher. Fleet additions are up for the third year in a row, topping 3% of the fleet. Large, long-range and ultra-long-range aircraft classes are expected to account for about 69% of all expenditures of new business jets in the next five years.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:55 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

The burn rate of Shiba Inu (SHIB) has surged over 270% in the past 24 hours, with 48 million SHIB tokens burnt and removed from circulation. The number of SHIB addresses profiting from holding SHIB tokens has risen from 7% to 9%. In addition, tickets for the film “Taylor Swift: The Eras Tour” can now be purchased using SHIB, Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) due to a partnership between BitPay and AMC. SHIB's price has surpassed the crucial support level at $0.0000070.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 6:17 am

BBJP

DXJ

EWJ

Japan's industrial production for August has decreased by 0.7%, compared to the estimated 0.0% and the prior -1.8%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:37 am

DOGEUSD

ELONUSD

SHIBUSD

Dogelon Mars (CRYPTO: ELON), a token project inspired by Dogecoin (CRYPTO: DOGE) and Elon Musk's Mars colonization ambitions, has surged over 7% in the past 24 hours, outperforming both Dogecoin and Shiba Inu (CRYPTO: SHIB). The momentum behind Dogelon Mars is partly due to the introduction of an NFT collection for the ELONgevity community, which was met with overwhelming demand.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 4:33 am

BTCUSD

DOGEUSD

ETHUSD

USDTUSD

Over the weekend, major cryptocurrencies experienced mixed trading due to various factors including the Israel-Hamas conflict and inflation concerns. Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) saw changes of +1.19%, +0.49%, and -0.29% respectively. The global crypto market cap stands at $1.06 trillion, reflecting a 0.74% increase in the past 24 hours. Analyst Michaël van de Poppe predicts BTC could reach $27,800. Meanwhile, Coinbase director Conor Grogan noted that almost half of the existing Tether (USDT) was created by Alameda Research, a firm directly controlled by Sam-Bankman Fried.

Portfolio Pulse from Mehab Qureshi

October 16, 2023 | 2:56 am

DIA

QQQ

SPY

Investors who invested in Bitcoin, Ethereum, and Dogecoin in March 2020 have seen significant returns on their investments. The SPDR S&P 500 ETF, Invesco QQQ Trust Series 1, and SPDR Dow Jones Industrial Average ETF Trust have also returned 88.6%, 113.9%, and 75.5%, respectively, since March 2020. However, cryptocurrencies have outperformed these indices.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 2:39 am

AWKNF

Professor David Nutt, a renowned researcher in cognitive sciences, addiction, cannabis and psychedelics, has been ranked the world's top psychopharmacologist by ScholarGPS, a company owned by Meta Analytics LLC. Nutt's contributions include over 1000 research papers, 27 books, and eight government reports on drugs. He is also the founder and chair of the national nonprofit Drug Science and serves as Chief Research Officer at Awakn Life Sciences (OTC:AWKNF).

Portfolio Pulse from Lara Goldstein

October 16, 2023 | 12:06 am

NEE

The Israel-Hamas conflict has led global investors to seek refuge in defensive assets. An ETF tracking U.S. Treasury bonds with long-term maturities has seen a 1.5% increase this week. Sectors like utilities, energy, and real estate, including companies like NextEra Energy Inc. and Realty Income Corp., have outperformed the S&P 500 index. Gold has also risen approximately 2% this week.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 7:45 pm

IYR

RDFN

VNQ

The average American family's ability to own a home is at its lowest in a decade due to escalating interest rates, surging property prices, and mounting insurance expenses. Moody's housing affordability index has shown a decline for every U.S. state in the past four years. This trend could lead to negative outcomes such as reduced population growth, increased migration, decreased consumer spending, heightened inequality, and a rise in homelessness. For investors keen on gaining exposure to the real estate sector without direct property ownership, ETFs like iShares U.S. Real Estate ETF (IYR) and the Vanguard Real Estate ETF (VNQ), and stocks like Zillow Group, Inc. (Z) and Redfin Corporation (RDFN) are viable options.

Portfolio Pulse from Bibhu Pattnaik

October 15, 2023 | 5:47 pm