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Assets

NTES

Shares of NetEase Inc (NASDAQ:NTES) are trading lower amid concerns over China's property sector, particularly due to issues with China Evergrande. Economic instability and concerns about the property sector can lead to reduced consumer spending and lower advertising budgets, potentially affecting NetEase's ad revenue and user engagement on its platforms.

Portfolio Pulse from Henry Khederian

September 25, 2023 | 6:25 pm

ETHUSD

On Sunday, 1,610.23 Ether (ETH) worth $2,565,111 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was 1.24%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 6:00 pm

CVX

Chevron Corp (NYSE:CVX) plans to increase its Venezuelan oil output by 65,000 barrels per day (bpd) by the end of 2024, which could help Venezuela boost crude production and speed up Chevron's plan to recover $3 billion in unpaid dividends and debt. Chevron's joint ventures with Venezuelan state oil company PDVSA currently produce around 135,000 bpd and have exported an average 124,000 bpd to the U.S. this year. The company's production target of 200,000 bpd by the end of next year could help Venezuela surpass 1 million bpd.

Portfolio Pulse from Shivani Kumaresan

September 25, 2023 | 5:51 pm

BHP

FCX

VALE

WPM

Metal and mining stocks, including BHP Group Limited, VALE S.A., Wheaton Precious Metals Corp, and Freeport-McMoRan, Inc are trading lower due to a plunge in prices of cobalt hydroxide, used for making electric vehicle batteries. The price drop is attributed to higher supplies from the Democratic Republic of Congo and Indonesia. The demand for cobalt is also weak due to a decrease in sales of consumer electronics and a shift to cheaper lithium iron phosphate batteries.

Portfolio Pulse from Anusuya Lahiri

September 25, 2023 | 5:46 pm

NWG

NatWest Group's (NYSE:NWG) short percent of float has risen 25.0% since its last report, with 4.28 million shares sold short, which is 0.1% of all regular shares available for trading. It would take traders 3.51 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 0.82%.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:45 pm

COP

CVX

EOG

HES

NOG

OXY

SLB

VAL

XOM

The article reports on the options activity of 10 energy stocks in today's session. The stocks include Chevron Corp (CVX), Ecopetrol S.A. (EC), Schlumberger Limited (SLB), Northern Oil and Gas, Inc. (NOG), Occidental Petroleum Corporation (OXY), Exxon Mobil Corporation (XOM), Hess Corporation (HES), Valaris plc (VAL), EOG Resources, Inc. (EOG), and ConocoPhillips (COP). The options activity is tracked to identify potential trading opportunities.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:35 pm

AAPL

AMD

DOCU

FSLR

IONQ

JKS

MSFT

NVDA

ORCL

TXN

The article reports on the recent options activity in the Information Technology sector. It mentions 10 US-listed companies: AAPL, NVDA, TXN, DOCU, MSFT, JKS, AMD, ORCL, FSLR, and IONQ. The article provides details about the type of options (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 5:35 pm

IEF

SPTL

TLH

TLT

VGLT

The Federal Reserve's commitment to maintaining higher interest rates has led to a surge in yields across all maturity periods, impacting long-term Treasury yields and shaking five Treasury ETFs. The iShares 20+ Year Treasury Bond ETF (TLT), SPDR Portfolio Long-Term Treasury ETF (SPTL), Vanguard Long-Term Treasury ETF (VGLT), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares 10-20 Year Treasury Bond ETF (TLH) all experienced declines.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 5:14 pm

EPOL

SHEL

Poland's Unimot is in talks to buy a 37.5% stake in Germany's PCK Schwedt refinery, currently owned by Shell. The refinery, majority-owned by Russia's Rosneft, has been a problem for the German government since it ended energy ties with Moscow. This led Shell to revive plans to sell its stake in the refinery. Unimot is expanding international trading and seeking to import diesel to Germany amid EU sanctions on Russian oil and refined products.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:59 pm

PANW

A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 83% bullish and 16% bearish. The price target for PANW, based on the volume and open interest of these contracts, is between $230 and $240. BTIG and Citigroup have maintained their Buy ratings on PANW, with price targets of $292 and $285 respectively, while WestPark Capital has downgraded its action to Buy with a price target of $340.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 4:39 pm