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USDC stablecoin is now available on Polkadot, allowing it to be transferred to parachains in Polkadot through the XCM protocol. This comes after Circle's announcement that USDC will be available for developers and users on the NEAR Blockchain Network. Polkadot USDC is issued on Polkadot Asset Hub and can be traded, borrowed, and lent on parachains like Centrifuge, HydraDX, and Moonbeam. USDC now supports 14 blockchain networks, more than its rival USDT which supports 11 networks.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 4:47 pm

MLKN

An option alert has been issued for MillerKnoll (MLKN) for October 20 $20 calls. A sweep of 1000 contracts was made at $0.65, compared to an open interest of 49 contracts. The reference price was $18.7699.

Portfolio Pulse from Charles Gross

September 19, 2023 | 4:32 pm

SHOP

Shopify (NYSE:SHOP) has outperformed the market over the past 5 years by 20.42% on an annualized basis, producing an average annual return of 29.07%. If an investor had bought $100 of SHOP stock 5 years ago, it would be worth $359.68 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 4:30 pm

EMR

Emerson Electric's (NYSE:EMR) short percent of float has risen 15.38% since its last report, with 6.81 million shares sold short, which is 1.2% of all regular shares available for trading. It would take traders 2.76 days to cover their short positions on average. The company's short interest is less than its peer group average of 11.70%.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 4:30 pm

PG

A significant bullish stance has been taken on Procter & Gamble (NYSE:PG) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $80.0 to $195.0 for Procter & Gamble over the last 3 months. The current price of PG is down -1.36% at $151.95.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 4:16 pm

USDCUSD

USDTUSD

Tether (CRYPTO: USDT) has approved $1 billion to enhance short-term USDT liquidity on the Tron network. This is an authorization, not an issuance, and the funds will be used to cater to imminent issuance demands and chain swaps within the Tron ecosystem. Tether's market value surpassed the $83 billion mark in 2023, with a minting of approximately $16 billion in USDT since the year's start. Meanwhile, the market cap of Circle's (CRYPTO: USDC) stablecoin has dropped from $50 billion to $26 billion.

Portfolio Pulse from Murtuza Merchant

September 19, 2023 | 4:12 pm

EXR

Extra Space Storage (NYSE:EXR) has outperformed the market over the past 15 years, producing an average annual return of 15.33%. If an investor had bought $1000 of EXR stock 15 years ago, it would be worth $8,102.61 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 4:01 pm

EL

Estee Lauder Cos (NYSE:EL) has outperformed the market over the past 15 years by 3.54% on an annualized basis, producing an average annual return of 12.66%. If an investor had bought $1000 of EL stock 15 years ago, it would be worth $6,065.16 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 4:00 pm

DUST

FNV

GOLD

NEM

NUGT

The Direxion Daily Gold Miners Index Bull 2X Shares (NYSE:NUGT) slid over 2% as the Federal Reserve began its monthly meeting. Analysts are mixed on the Fed's decision on interest rates, with Bank of America expecting a hold and Goldman Sachs predicting a pause followed by cuts in 2024. The ETF, which tracks several gold and silver mining companies, is trading in a possible bull flag pattern under the 50-day simple moving average (SMA). A break up could indicate a longer-term bull cycle. The ETF could rise towards the $36 mark if it breaks up from the flag on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

September 19, 2023 | 3:39 pm

RVNC

Revance Therapeutics has announced plans to exit the OPUL payments business, expecting to record a restructuring charge of up to $7 million. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:33 pm