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Assets

MDB

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 37.33% on an annualized basis, producing an average annual return of 47.11%. If an investor had bought $1000 of MDB stock 5 years ago, it would be worth $7,015.35 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:30 pm

AMEH

Apollo Medical Holdings Inc (AMEH) has agreed to acquire assets from Texas Independent Providers, LLC (TIP) to expand its Care Partners business in Texas. The acquisition will allow AMEH to deploy its value-based care management and operational platform to enhance TIP's provider network and patient healthcare experience. The transaction is expected to close in Q3 2023 and will be funded with cash on hand. AMEH's shares traded higher by 2.25% at $32.79 on the last check Wednesday.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 2:19 pm

AULT

BANL

HCTI

KPLT

PRFX

RXRX

US stocks traded higher with the Nasdaq Composite surging over 1%. The annual inflation rate in the US eased to 3% in June, the lowest level since March 2021. Healthcare Triangle, Inc. (HCTI), Ault Alliance, Inc. (AULT), and Recursion Pharmaceuticals, Inc. (RXRX) saw their shares rise significantly. Conversely, CBL International Limited (BANL), PainReform Ltd. (PRFX), and Katapult Holdings, Inc. (KPLT) experienced a drop in their share prices.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 2:03 pm

CNC

Centene (NYSE:CNC) has outperformed the market over the past 10 years by 6.32% on an annualized basis, producing an average annual return of 16.62%. If an investor had bought $100 of CNC stock 10 years ago, it would be worth $468.68 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:01 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 20 years by 3.04% on an annualized basis, producing an average annual return of 10.9%. If an investor had bought $100 of HON stock 20 years ago, it would be worth $795.40 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:01 pm

ATVI

AVGO

BRK-A

COIN

COTY

DIS

DPZ

GOOG

HYMTF

IBM

MSFT

NVO

TAK

Disney is considering different strategies for its Star India business, which could include partnering with another company or even selling it. Kim Kardashian is reportedly in negotiations to buy back the minority stake in her beauty company, SKKN BY KIM, from Coty Inc. KPMG is reportedly looking to invest around $2 billion in AI and cloud services across its global business lines over the next five years. CVS's Caremark business experienced a halt in prescription processing. Ark Invest sold 135,152 shares of Coinbase Global Inc. Faraday Future Intelligent Electric flagged errors in its previously issued financial statements. The European Commission has fined Illumina Inc and Grail Inc for implementing their proposed merger before approval. Activision Blizzard Inc stock is trading lower amid reports of a possible new investigation on the Microsoft Corp takeover deal. Broadcom Inc won conditional approval from the European Commission to complete its acquisition of VMware. Domino's Pizza Inc entered a new global agreement with Uber Technologies Inc. Takeda Pharmaceutical Co Ltd is voluntarily withdrawing its marketing application for its dengue vaccine. Google quietly ditched its AI-powered mobile chatbot app, Bubble Characters. Warren Buffett's Berkshire Hathaway stood to make a profit of over $1 billion following the court's decision to allow Microsoft Corp to proceed with its acquisition of Activision Blizzard. IBM is weighing the use of artificial intelligence chips designed in-house to lower the costs of operating a cloud computing service. Novo Nordisk A/S's weight-loss drug, Wegovy, saw a significant drop in adherence compared to what was reported in clinical trials. Microsoft Corp has revealed that a China-based hacking group, Storm-0558, breached email accounts linked to government agencies in Western Europe. Hyundai Motor Company unionized workers at its plants across South Korea reportedly staged the first strike in five years against the government's labor policies.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 1:48 pm

BTCUSD

CFXUSD

ETHUSD

WBTCUSD

Bitcoin and Ethereum traded higher following the release of US inflation data, which eased to 3% in June. Conflux was the top gainer over the past 24 hours, while Wrapped Bitcoin was the biggest loser. The global crypto market cap rose to $1.19 trillion, recording a 24-hour gain of 0.9%.

Portfolio Pulse from Lisa Levin

July 12, 2023 | 1:43 pm

BCS

Barclays is considering increasing the capital allocated to its sub-scale businesses as part of a share price revival plan. The bank is reviewing additional investment in its U.S. cards, global wealth, and payments units, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 1:22 pm

AXAHF

AXAHY

AXA SA is reportedly planning to sell or list its property reinsurance business, XL Re unit, on the stock market to reduce risks related to natural disasters. The company's Property & Casualty Reinsurance revenues declined to $3.2 billion in 2022 from $4.6 billion in 2021. The move comes as AXA aims to reduce exposure of the business to increase profitability.

Portfolio Pulse from Lekha Gupta

July 12, 2023 | 1:21 pm

USDCUSD

USDTUSD

Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar expressed concerns about the adoption of stablecoins like Tether (USDT) and USD Coin (USDC) in emerging economies. He warned that allowing stablecoins linked to foreign currencies could lead to a continuous outflow of wealth from emerging to developed economies. Sankar suggested that each country should have its own Central Bank Digital Currency (CBDC) and establish a mechanism for these CBDCs to interface and transact with each other.

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 1:09 pm