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Major cryptocurrencies traded mixed on Thursday evening as the Consumer Price Index (CPI) for September experienced a 0.4% increase, surpassing economist estimates of 0.3%. This reflects inflationary pressure on the economy. Stocks experienced a decline due to concerns over rising Treasury yields and ongoing U.S. inflation. The S&P 500 and Nasdaq Composite both dropped, marking the end of a four-day winning streak for the major indexes. Crypto analysts predict a 'bizarre' market with Bitcoin lacking strength and altcoins not budging despite Bitcoin's downward move.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 2:57 am

FCPT

Four Corners Property Trust (FCPT) has announced the acquisition of an Oak Street Health property for $2.4 million. The property is located in a highly trafficked corridor in Arkansas and is corporate-operated under a long-term, net lease.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 9:58 pm

AAPL

AMZN

CVX

META

SHEL

XOM

The Israel-Hamas conflict could impact global oil prices, depending on Iran's involvement. Iran, a backer of Hamas, controls the Strait of Hormuz, through which 20-30% of global oil inventory passes. Increased sanctions on Iran could raise oil prices, affecting US inflation. Rising oil prices could benefit US-based oil extraction companies like Exxon Mobil, Chevron, and Shell, and ETFs like the United States Oil Fund LP, the iShares U.S. Oil & Gas Exploration & Production ETF, and the ProShares Ultra Bloomberg Crude Oil. However, a spike in inflation could negatively impact tech companies like Apple, Amazon, and Meta, and consumer discretionary companies like Tesla, General Motors, Ford, and Volkswagen.

Portfolio Pulse from Natan Ponieman

October 12, 2023 | 9:46 pm

ARE

BXP

CBRE

DEI

HPP

PGRE

PLD

VNO

XLRE

Real estate stocks, tracked by the Real Estate Select Sector SPDR Fund (NYSE:XLRE), fell by over 1% on Thursday, ending a six-day winning streak. This was due to higher inflation rates and a surge in mortgage rates to 23-year highs. Office REITs were the hardest hit, with Hudson Pacific Properties Inc. (NYSE:HPP), Paramount Group Inc. (NYSE:PGRE), Douglas Emmett, Inc. (NYSE:DEI), and Vornado Realty Trust (NYSE:VNO) experiencing significant declines. Other real estate companies such as Alexandria Real Estate Equities, Inc. (NYSE:ARE), Prologis Inc. (NYSE:PLD), CBRE Group Inc. (NYSE:CBRE), and Boston Properties, Inc. (NYSE:BXP) also saw declines.

Portfolio Pulse from Piero Cingari

October 12, 2023 | 9:13 pm

JNK

SJNK

SUSA

XLB

Medium-cap ETFs have seen significant changes in net assets. iShares MSCI USA ESG Select ETF (SUSA) and Materials Select Sector SPDR Fund (XLB) have seen increases in net assets, while SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) have seen decreases. SUSA and XLB offer exposure to companies with high ESG ratings and the US materials sector respectively, while JNK and SJNK offer exposure to corporate junk bonds.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:57 pm

OPAL

OPAL Fuels Inc. (NASDAQ:OPAL) announced that its CFO, Ann Anthony, intends to resign to pursue another opportunity. Scott Contino, CFO of the company's sponsor, Fortistar, has been appointed as interim CFO. The company has begun searching for a permanent CFO. Contino has been involved with OPAL Fuels since its inception and previously served as the CFO of its predecessor parent company.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:57 pm

GDXJ

IHI

KWEB

VDC

Medium-cap ETFs with AUM between $2 billion and $10 billion were screened for weekly returns. Winners include VanEck Gold Miners ETF (GDXJ) and KraneShares CSI China Internet ETF (KWEB), up 8.24% and 8.03% respectively. Losers include iShares U.S. Medical Devices ETF (IHI) and Vanguard Consumer Staples ETF (VDC), down 2.83% and 1.87% respectively.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:57 pm

ARKK

NVDA

TARK

TSLA

Cathie Wood, head of ARK Invest, is known for her forward-thinking investing approach, focusing on disruptive technologies. She bought stock in Tesla and NVIDIA in 2016. ARK Invest offers 8 US-listed ETFs, including ARK Innovation ETF, ARK Genomic Revolution ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, ARK Space Exploration & Innovation ETF, 3D Printing ETF, and ARK Israel Innovative Technology ETF. The firm's funds have consistently outperformed the market, but are more prone to downswings. The AXS 2X Innovation ETF aims to return twice the daily return of ARKK.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:47 pm

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 80% bullish and 20% bearish. The targeted price range for Humana over the last three months has been $440.0 to $520.0. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $597, while Jefferies has maintained their Buy rating with a price target of $586.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:46 pm

BCS

Barclays has appointed Michael Del Giudice as Chairman of Financial Sponsors Group. Del Giudice, who has over 30 years of investment banking experience, will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group. He was most recently a senior Managing Director in Citi's Global Asset Management group. The appointment is part of Barclays' strategy to expand its footprint and capabilities in the financial sponsors space.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:40 pm