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The Russell 2000 index, which represents the smaller two-thirds of the U.S. stock market, is lagging behind the large-cap Russell 1000 index by 13 percentage points this year, potentially signaling economic concerns. The dominance of tech giants like Microsoft, Amazon, Apple, Nvidia, Meta Platforms, and Alphabet could be contributing to the perceived weakness of the rest of the stock market. Despite the current lag, small-cap stocks have historically outperformed large-caps in the 12 months following each of the last 11 recessions.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 7:33 am

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KOS

OXY

Kosmos Energy has announced an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos operates the well and has a 33.34% working interest alongside Occidental and Equinor ASA, each holding 33.33% interest.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:16 am

PD

PagerDuty has priced $350 million of 1.50% Convertible Senior Notes due 2028 in a private placement to qualified institutional buyers. The company also granted the initial purchasers an option to buy up to an additional $52.5 million principal amount of notes. The sale is expected to close on October 13, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 7:03 am

ODV

Osisko Development has received an Environmental Assessment Certificate for its Cariboo Gold Project in Central British Columbia, Canada. This is a significant step forward for the project.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:22 am

ET

Energy Transfer LP has announced the pricing of its $4B aggregate principal amount of senior notes due between 2026 and 2033. The sale is expected to settle on October 13, 2023. The company intends to use the net proceeds of approximately $3.973 billion to refinance existing indebtedness and for general partnership purposes.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:20 am

NGD

New Gold Inc. has presented a strategic plan to extend the mine life at New Afton beyond 2030. The company is exploring the potential to expand the C-Zone, which could further extend the mine's lifespan.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:40 am

BTCUSD

Billionaire hedge fund manager, Paul Tudor Jones, expressed concerns about the current geopolitical landscape and rising U.S. government debt, stating his preference for Bitcoin and gold over stocks. He described the current environment as potentially the 'most threatening' he has ever witnessed. Jones has been a Bitcoin investor since 2020, viewing it as a safeguard against inflation.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 3:25 am

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DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin have shown resilience amidst the ongoing Israel-Hamas conflict. Israeli police have seized cryptocurrency accounts associated with Hamas, with the help of Binance and other entities. The global crypto market cap stands at $1.07 trillion, reflecting a 0.46% decrease in the past 24 hours. U.S. stocks recorded gains on Tuesday, with the S&P 500 and Nasdaq Composite registering increases. Analysts predict potential weakness in Bitcoin and a possible collapse of Ethereum by year-end.

Portfolio Pulse from Mehab Qureshi

October 11, 2023 | 2:44 am

ASTR

Astra Space, a US-based space launch company, is reportedly exploring various options, including asset sales, according to Bloomberg. The company's stock symbol is ASTR.

Portfolio Pulse from Charles Gross

October 11, 2023 | 12:36 am

FTTUSD

Gary Wang, former CTO at FTX, testified in court about the financial operations of Alameda Research and its association with FTX. He raised concerns about the handling of FTX tokens and the company's financial transparency. Wang confirmed that Alameda Research did not reflect withdrawals from FTX in the fiat account and had a line of credit of $65 billion, but did not draw down nearly that amount. He also revealed that he received more than $200 million in loans from Alameda, of which he used $200,000 to purchase a house.

Portfolio Pulse from Murtuza Merchant

October 10, 2023 | 10:31 pm