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MDBH

Invizyne Technologies, a company from MDB Capital Holdings (NASDAQ:MDBH), has received an additional $3.77 million grant from the Bioenergy Technologies Office within the U.S. Department of Energy. The grant will be used to demonstrate Invizyne's cell-free production process for making isobutanol from plants in an energy-efficient manner. The global sustainable aviation fuel market, which includes isobutanol, is expected to grow at a compound annual rate of 52.2% to reach $27.4 billion by 2032.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 3:16 pm

AVAXUSD

Cryptocurrency Avalanche (AVAX) has seen a decrease of 3.27% in its price over the past 24 hours, continuing a downward trend of -2.0% over the past week. The trading volume for the coin has decreased by 20.0% over the past week, while the overall circulating supply of the coin has decreased by 0.56% to over 354.57 million. The current market cap ranking for AVAX is #23 at $3.33 billion.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 3:00 pm

QQQ

SPY

TLT

XLE

The Producer Price Index (PPI) has surged upwards, indicating a resurgence in price pressures and fuelling the battle against inflation. Despite this, investors do not seem overly concerned. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rallied by 1.4%, while the U.S. Dollar Index (DXY) declined by 0.4%. Stocks continued their upward momentum, with the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), gaining 0.2%, and the Invesco QQQ Trust (NASDAQ:QQQ) rising by 0.4%. The Energy Select Sector SPDR Fund (NYSE:XLE) was the weakest performer among all S&P 500 sectors, down by 1.6%.

Portfolio Pulse from Piero Cingari

October 11, 2023 | 2:53 pm

CZR

DKNG

FOX

FOXA

Jim McIngvale, known as Mattress Mack, has placed several bets on the Houston Astros to win the 2023 World Series, totaling $6.9 million. If the Astros win, McIngvale stands to win $43.4 million. Several of the bets were placed with Caesars Entertainment (NASDAQ:CZR), which could see its profits hurt with a potential payout of $31.4 million. At least one bet was also placed with DraftKings Inc (NASDAQ:DKNG) with a potential $12 million payout. The Astros' games are aired on FS1, a unit of Fox Corporation (NASDAQ:FOX)(NASDAQ:FOXA).

Portfolio Pulse from Chris Katje

October 11, 2023 | 2:49 pm

AAPL

SPY

XOM

The stock market moved up due to market mechanics, with bulls confident that this will continue to drive the market higher. The Producer Price Index came in hotter than expected, but bulls are still hopeful that market mechanics will override this data. Exxon Mobil Corp is buying Pioneer Natural Resources Co for $58B, generating positive sentiment. Money flows are positive in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, but mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 11, 2023 | 2:46 pm

NVDA

Over the past 10 years, NVIDIA (NASDAQ:NVDA) has outperformed the market by 51.57% on an annualized basis, producing an average annual return of 61.43%. If an investor had bought $100 of NVDA stock 10 years ago, it would be worth $11,959.69 today.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:30 pm

EQNR

KOS

OXY

Kosmos Energy Ltd. (KOS) announced an oil discovery at the Tiberius exploration well in the U.S. Gulf of Mexico. The company operates the well with a 33.34% working interest, alongside Occidental Petroleum Corporation (OXY) and Equinor ASA (EQNR), both holding 33.33%. The well discovered approximately 250 feet of net oil pay within the primary Wilcox target. Kosmos will now undertake rock and fluid analysis to confirm the production potential of the reservoir and will work with partners on subsea development options.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 2:30 pm

Zscaler (NASDAQ:ZS) has outperformed the market over the past 5 years, producing an average annual return of 34.76%. An investment of $1000 in ZS stock 5 years ago would be worth $4,697.23 today.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 2:00 pm

URA

According to the EIA Administrator, the combined contribution of renewable and nuclear energy is expected to account for 55-60% of the global electricity supply by 2050. This prediction was cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:53 pm

UNG

USO

According to the EIA Administrator, the demand for fossil fuel energy is expected to increase steadily due to current policies. However, non-fossil fuel sources are projected to grow at a faster rate.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 1:51 pm