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Binance Labs, a subsidiary of Binance, has invested $5 million in Curve DAO Token (CRV), a utility token that powers the Curve ecosystem. The investment aims to boost the growth of the decentralized finance (DeFi) sector. Curve plans to extend its operations to the BNB Chain, which is expected to significantly enhance the BNB Chain DeFi ecosystem.

Portfolio Pulse from Murtuza Merchant

August 10, 2023 | 7:31 pm

ARGX

argenx (NASDAQ:ARGX) has outperformed the market over the past 5 years by 32.31% on an annualized basis, producing an average annual return of 41.82%. If an investor had bought $1000 of ARGX stock 5 years ago, it would be worth $5,752.29 today. The company currently has a market capitalization of $29.38 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:30 pm

CNC

Centene (NYSE:CNC) has outperformed the market over the past 15 years, producing an average annual return of 17.58%. If an investor had bought $1000 of CNC stock 15 years ago, it would be worth $11,202.04 today. The company currently has a market capitalization of $35.65 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:30 pm

HUM

Unusual options activity has been observed for Humana (NYSE:HUM), with a significant bullish stance taken by a large investor. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The targeted price range for Humana over the last 3 months is from $440.0 to $500.0. Several financial institutions have maintained their ratings on Humana, with price targets ranging from $541 to $637.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:16 pm

MGY

KeyBanc Capital Markets analyst Tim Rezvan has downgraded Magnolia Oil & Gas Corporation (NYSE:MGY) to Sector Weight from Overweight due to rich valuations and poor visibility into core assets. The analyst is concerned about the company's lack of transparency, particularly regarding its Giddings asset. Rezvan also highlighted Magnolia's suboptimal capital structure amid an uptick in acquisitions. MGY shares are currently trading lower by 2.03%.

Portfolio Pulse from Nabaparna Bhattacharya

August 10, 2023 | 7:05 pm

MA

A significant investor has taken a bearish stance on Mastercard (NYSE:MA), with 58% of recent trades being bearish and 41% bullish. The total amount for put options is $298,587 and for call options is $286,080. Whales have been targeting a price range from $330.0 to $445.0 for Mastercard over the last 3 months. Major financial institutions such as Goldman Sachs, Barclays, BMO Capital, Susquehanna, and Credit Suisse have maintained positive ratings on Mastercard with price targets ranging from $430 to $488.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:02 pm

ANSS

Ansys (NASDAQ:ANSS) has outperformed the market over the past 20 years by 11.43% on an annualized basis, producing an average annual return of 19.15%. If an investor had bought $1000 of ANSS stock 20 years ago, it would be worth $34,368.00 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:00 pm

MDB

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 31.51% on an annualized basis, producing an average annual return of 40.99%. If an investor had bought $1000 of MDB stock 5 years ago, it would be worth $5,680.74 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:00 pm

BTCUSD

A report from KPMG suggests that Bitcoin (BTC) could play a significant role in promoting renewable energy. The report reveals that Bitcoin miners are increasingly turning to renewable energy sources due to their cost-effectiveness. Bitcoin's energy consumption, which is often criticized, is not as alarming when put into perspective. The cryptocurrency could potentially drive further innovations and investments in the renewable energy sector.

Portfolio Pulse from Jose Rodrigo Safdiye

August 10, 2023 | 6:45 pm

HSY

Hershey (NYSE:HSY) has outperformed the market over the past 15 years, producing an average annual return of 11.88%. If an investor had bought $1000 of HSY stock 15 years ago, it would be worth $5,442.34 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:30 pm