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FBGRX

TSLA

Fidelity Investments, a key backer of Elon Musk's acquisition of Twitter (now known as X), has been consistently raising the valuation of the social media platform. This is the third consecutive month that Fidelity has increased the valuation of its Twitter/X holdings, with an 8% increase in July. Fidelity's stake in X is held through the Fidelity Blue Chip Growth Fund (FBGRX). Musk, who funded part of the Twitter acquisition by selling some of his Tesla (TSLA) shares, has hinted that X could go public again in the future.

Portfolio Pulse from Chris Katje

September 01, 2023 | 5:01 pm

HDB

HDFC Bank (NYSE:HDB) has outperformed the market over the past 10 years, producing an average annual return of 15.23%. If an investor had bought $100 of HDB stock 10 years ago, it would be worth $439.66 today. The bank currently has a market capitalization of $158.67 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has outperformed the market over the past 15 years, producing an average annual return of 24.75%. An investment of $1000 in CMG stock 15 years ago would be worth $27,647.49 today.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

SCCO

Southern Copper (NYSE:SCCO) has outperformed the market over the past 10 years, producing an average annual return of 11.73%. If an investor had bought $100 of SCCO stock 10 years ago, it would be worth $302.30 today. The company currently has a market capitalization of $64.01 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:30 pm

CCI

Over the past 20 years, Crown Castle (NYSE:CCI) has outperformed the market by 4.2% on an annualized basis, producing an average annual return of 11.85%. If an investor had bought $100 of CCI stock 20 years ago, it would be worth $929.43 today.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:30 pm

OLN

Olin Corp's CEO, Scott Sutton, will step down from his roles as President, CEO, and Chairman of the Board in the first half of 2024. Sutton has led a strategic transformation of Olin since 2020. The company reported a 34.9% YoY decrease in Q2 FY23 revenue to $1.7 billion, missing the consensus of $1.86 billion. Olin expects Q3 2023 adjusted EBITDA to be approximately 10% lower than Q2 2023 levels due to the difficult global economic environment and operating issues at its Texas facility.

Portfolio Pulse from Shivani Kumaresan

September 01, 2023 | 4:26 pm

BTCUSD

DOGEUSD

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WWE

The People’s Fund of Maui, initiated by Oprah Winfrey and Dwayne “The Rock” Johnson to aid victims of the Maui wildfires, is now accepting cryptocurrency donations. The fund accepts Bitcoin, Ether, and Dogecoin, among other cryptocurrencies and fiat currencies. The move highlights the growing acceptance of digital assets in mainstream philanthropy. All Hands and Hearts, a disaster relief organization, is also accepting both cryptocurrency and fiat donations for the cause.

Portfolio Pulse from Murtuza Merchant

September 01, 2023 | 4:10 pm

WBD

A significant amount of unusual options activity has been observed for Warner Bros. Discovery (NASDAQ:WBD), with a mix of bullish and bearish stances. Whales have been targeting a price range from $2.5 to $15.0 for the company over the last 3 months. The company's stock price is currently down by 9.74% at $11.86. Analysts from Barclays, Truist Securities, Morgan Stanley, and Benchmark have provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:01 pm

ATVI

A significant bullish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $70.0 to $92.5 for Activision Blizzard over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:01 pm

INTU

Over the past 10 years, Intuit (NASDAQ:INTU) has outperformed the market by 13.39% on an annualized basis, producing an average annual return of 23.88%. If an investor had bought $100 of INTU stock 10 years ago, it would be worth $851.77 today. The company currently has a market capitalization of $153.05 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 4:00 pm