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ATVI

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 15 years, producing an average annual return of 12.3%. If an investor had bought $100 of ATVI stock 15 years ago, it would be worth $532.65 today. The company currently has a market capitalization of $72.59 billion.

Portfolio Pulse from Benzinga Insights

September 15, 2023 | 2:00 pm

ARM

BBBYQ

CRM

DIS

LMT

NOC

NVS

RTX

STLA

TMUS

YUMC

Instacart is considering revising its IPO target price upwards following Arm Holdings Plc's IPO debut. Goldman Sachs is offering affluent clients a chance to acquire a share of ownership in a private sports team. RTX Corp terminated a multi-billion-dollar agreement with Scopa Defense due to concerns about international sanctions. Byron Allen has made a $10 billion offer to acquire a significant chunk of Walt Disney Co's media empire. Salesforce Inc is hiring approximately 3,300 new employees. The United Auto Workers union has started a simultaneous strike against the Detroit three automakers. Novartis AG's shareholders approved the proposed 100% Spin-off of Sandoz. T-Mobile US Inc is exploring a significant foray into the fiber-optic network arena. China is set to impose sanctions against Lockheed Martin Corp and Northrop Grumman Corp. Former employees of Bed Bath & Beyond Inc filed a lawsuit against the committee responsible for overseeing its 401(k) retirement plan. Citigroup Inc is reportedly considering job cuts. Yum China Holdings Inc is investing heavily in technology.

Portfolio Pulse from Vandana Singh

September 15, 2023 | 1:55 pm

DFS

Discover Financial Services is reportedly considering the sale of its student loan division, according to Bloomberg. The move is part of a broader strategy to focus on its core credit card and online banking businesses.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:42 pm

PYPL

Paxos, the issuer of PayPal's stablecoin PYUSD, has revealed that the coin is backed by cash reserves and U.S. Treasury reverse repurchase agreements. As of August 31, $45.36 million is backed in Treasury securities, with $1.5 million in cash reserves. The PYUSD has been operational for 38 days and ranks 411th out of more than 10,000 crypto assets based on market cap. Separately, Paxos refunded $510,750 in fees paid over a $2,000 Bitcoin transaction due to a system bug.

Portfolio Pulse from Khyathi Dalal

September 15, 2023 | 1:35 pm

SHIBUSD

The Shiba Inu (CRYPTO: SHIB) community believes that the token will eventually reach 1 cent, requiring a 134,598.28% increase from its current trading price. To earn $1 million when SHIB reaches $0.01, an investment of $745 in SHIB today would be necessary. Shiba Inu whales continue to accumulate SHIB tokens, with the net flow of tokens held by large holders surging by 275% over the past week.

Portfolio Pulse from Mehab Qureshi

September 15, 2023 | 1:29 pm

EPOW

Sunrise New Energy's partner company, Graphite One, has been awarded $37 million from the U.S. government. The article may also mention EPOW.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:26 pm

SPY

U.S. manufacturing production has shown a month-on-month growth of 0.1%, which is in line with estimates but lower than the previous month's growth of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:21 pm

SPY

U.S. Industrial Production has increased by 0.4% month-on-month, surpassing the estimated 0.1% and the prior figure of 0.7%. This indicates a stronger than expected performance of the industrial sector.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:20 pm

SPY

The U.S. Capacity Utilization Rate has increased to 79.3%, higher than the estimated 79.1% and the previous rate of 78.6%.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 1:18 pm

YUMC

Yum China Holdings Inc (NYSE:YUMC) is increasing its investments in technology to expand its number of stores without needing additional employees. The company plans to invest $3.5 billion to $5 billion over the next three years to grow its store network, enhance the supply chain, and improve digital capabilities. Yum China is also constructing additional logistics centers to incorporate advanced technology into their supply chain operations and lower carbon emissions. The company's shares are trading higher by 1.85% at $57.12 premarket on Friday.

Portfolio Pulse from Akanksha Bakshi

September 15, 2023 | 1:16 pm