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Assets

LULU

Lululemon Athletica (NASDAQ:LULU) has outperformed the market over the past 15 years, producing an average annual return of 27.4%. If an investor had bought $1000 of LULU stock 15 years ago, it would be worth $37,693.97 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:30 pm

KVUE

Benzinga's options scanner detected over 11 options trades for Kenvue (NYSE:KVUE) totaling $1,334,271. Whales have been targeting a price range from $22.5 to $30.0 for Kenvue over the last 3 months. The price of KVUE is up 2.11% at $23.43. Next earnings are expected to be released in 85 days.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:16 pm

CHK

SBOW

Analysts have lowered the price target for Chesapeake Energy Corp (CHK) following its announcement to sell its remaining Eagle Ford assets to SilverBow Resources Inc (SBOW) for $700 million. The analysts expect the company to use the proceeds for share repurchases or acquisitions. However, the deal is considered immaterial given the scale of CHK's other assets. The price of CHK shares has fallen by 1.8%.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 6:04 pm

AMZN

CHTR

DIS

GOOG

NFLX

WBD

July 2023 marked a significant shift in TV viewing habits in the U.S. as traditional broadcast and cable TV channels saw their combined viewership drop below 50% for the first time. Streaming platforms, led by Alphabet Inc's YouTube and Netflix, experienced a surge, capturing a record 38.7% of total TV usage. Cable's viewership dipped below 30% for the first time, standing at 29.6%, while broadcast usage experienced a 3.6% decline. Amazon Prime Video also experienced growth, with its viewership increasing by 5% to represent 3.4% of total TV usage.

Portfolio Pulse from Anusuya Lahiri

August 15, 2023 | 6:02 pm

VMC

Over the past 10 years, Vulcan Materials (NYSE:VMC) has outperformed the market by 5.89% on an annualized basis, producing an average annual return of 16.25%. If an investor had bought $100 of VMC stock 10 years ago, it would be worth $468.52 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

SBAC

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 15 years, producing an average annual return of 13.73%. If an investor had bought $1000 of SBAC stock 15 years ago, it would be worth $6,899.67 today.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

ETHUSD

On Monday, 4,519.98 Ether (ETH) worth $8,310,525 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. 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 -4.23%.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

EDBL

Edible Garden AG Inc (NASDAQ:EDBL) shares surged after the company received a grant from the United States Department of Agriculture Organic Certification Program. The funds will help reduce the cost of organic certification. The company is also involved in a research partnership with the New Jersey Institute of Technology, the USDA, and the EPA studying the impact of nanobubble technology on fresh produce food safety and processing procedures.

Portfolio Pulse from Shivani Kumaresan

August 15, 2023 | 5:55 pm

BTCUSD

Kevin Kelly, co-founder and Head of Research at Delphi Digital, has suggested that the cryptocurrency market is about to enter a new cycle. He highlighted the predictability of crypto market cycles, using Bitcoin as a reference. He noted that Bitcoin price peaks often coincide with indications of the ISM (Institute for Supply Management) topping out. Kelly also discussed the significance of Bitcoin's halving event and potential risks, including a possible modest selloff or price consolidation.

Portfolio Pulse from Murtuza Merchant

August 15, 2023 | 5:49 pm

WE

WeWork shares are experiencing volatility due to retail investor interest. The company recently expressed substantial doubt about its ability to continue operations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:39 pm