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Assets

CMI

Cummins (NYSE:CMI) has outperformed the market over the past 15 years, producing an average annual return of 13.11%. An investment of $100 in CMI stock 15 years ago would be worth $642.23 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:30 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 20 years, producing an average annual return of 9.14%. If an investor had bought $1000 of MCHP stock 20 years ago, it would be worth $5,905.13 today. The company currently has a market capitalization of $42.01 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:30 pm

USDCUSD

Circle, the issuer of USDC, plans to implement its cross-chain transfer protocol (CCTP) with a Cosmos-based token protocol, Noble. This will be the first integration with a non-Ethereum Virtual Machine chain. The move is expected to make USDC transfers seamless and boost its market cap. USDC has a circulating supply of almost $25 billion, with $20 billion being Ethereum.

Portfolio Pulse from Khyathi Dalal

October 03, 2023 | 5:08 pm

AMAT

Applied Mat (NASDAQ:AMAT) has outperformed the market over the past 5 years by 22.34% on an annualized basis, producing an average annual return of 30.28%. If an investor had bought $100 of AMAT stock 5 years ago, it would be worth $368.82 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has outperformed the market by 4.22% on an annualized basis, producing an average annual return of 11.45%. If an investor had bought $100 of LMT stock 20 years ago, it would be worth $882.47 today. Lockheed Martin currently has a market capitalization of $101.65 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:00 pm

AER

EADSY

LTMAY

AerCap Holdings (AER) has delivered the first of eight new Airbus (EADSY) A321neo aircraft to LATAM Airlines Group (LTMAY). LATAM has also ordered 13 additional A321neo aircraft to expand its route network and drive regional growth. The remaining aircraft are scheduled for delivery through 2023 and 2024. The new A321neos are at least 20% more fuel-efficient, emitting 20% less CO2 and 50% less noise compared to previous generation aircraft.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 4:59 pm

SPY

TLH

TLT

UTEN

The 10-year Treasury yield has surged above 4.75%, its highest level since August 2007, causing a ripple effect in financial markets. The US Treasury 10 Year Note ETF (UTEN) and the iShares 10-20 Year Treasury Bond ETF (TLH) have registered significant losses, while the iShares 20+ Year Treasury Bond ETF (TLT) has lost more than half of its value since March 2020. The SPDR S&P 500 ETF Trust (SPY) has also been affected, experiencing its roughest month of the year. The rise in Treasury yields is attributed to an expansion of the U.S. government’s budget deficit, the ongoing Fed quantitative tightening program, and the Federal Reserve’s restrictive stance on interest rates.

Portfolio Pulse from Piero Cingari

October 03, 2023 | 4:52 pm

AXP

Stephanie Link, a well-known investor, has announced on CNBC that she has increased her holdings in American Express (AXP).

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:43 pm

BTCUSD

Long-term and short-term holders of Bitcoin (BTC) are showing tendencies to retain their assets for extended durations, indicating that whale investors may reallocate or potentially liquidate their holdings. On-chain Bitcoin activity has reached unprecedented levels in terms of new address creation, driven by short-term holder supply. Despite the broader market's recent relief, Bitcoin's behavior has been distinct. The Bitcoin options market is hinting at potential volatility on the horizon.

Portfolio Pulse from Murtuza Merchant

October 03, 2023 | 4:35 pm

CAT

A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a mix of bullish and bearish stances. Of the 46 strange trades detected, 42 are puts amounting to $2,982,236 and 4 are calls amounting to $120,834. Whales have been targeting a price range from $140.0 to $310.0 for Caterpillar over the last 3 months. The current price of CAT is down -0.36% at $270.75, with RSI indicators suggesting it may be approaching oversold. Next earnings are expected in 23 days.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 4:31 pm