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AVGO

Broadcom Inc.'s shares rose by 37.84% over the past three months. The company's total debt stands at $39.31 billion, with long-term debt at $38.19 billion and current debt at $1.12 billion. After adjusting for $11.55 billion in cash-equivalents, the net debt is $27.76 billion. The debt ratio, a measure of financial leverage, is 0.55, indicating that a significant portion of the company's assets are funded by debt.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:31 pm

COST

Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 20 years by 6.53% on an annualized basis, producing an average annual return of 14.21%. If an investor had bought $1000 of COST stock 20 years ago, it would be worth $14,257.07 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:30 pm

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 15 years, producing an average annual return of 23.53%. If an investor had bought $1000 of CDNS stock 15 years ago, it would be worth $23,294.39 today. The company currently has a market capitalization of $62.25 billion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:30 pm

BIIB

Biogen (NASDAQ:BIIB) has outperformed the market over the past 15 years, producing an average annual return of 11.25%. If an investor had bought $1000 of BIIB stock 15 years ago, it would be worth $4,856.31 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:00 pm

NCBDF

SGAMY

SQNXF

Sega Corp. is reconsidering its blockchain gaming strategy due to the recent downturn in the global cryptocurrency market. The company will no longer allow its flagship franchises to be used in third-party blockchain gaming projects. However, Sega will continue to invest in blockchain-related ventures and will offer its lesser-known franchises to upcoming blockchain games. Other gaming companies like Square Enix Holdings Co., Ltd. and Bandai Namco Entertainment Inc had also previously embraced blockchain technology.

Portfolio Pulse from Franca Quarneti

July 07, 2023 | 6:00 pm

BIDU

Baidu (NASDAQ:BIDU) has outperformed the market over the past 15 years, producing an average annual return of 16.47%. If an investor had bought $1000 of BIDU stock 15 years ago, it would be worth $9,407.70 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:00 pm

ETHUSD

On Thursday, 8,310.25 Ether (ETH) worth $15,531,275 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. 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 -11.99%.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 6:00 pm

BTCUSD

Teneo, the liquidator of 3AC, is considering an attempt to recover approximately $1.2 billion from Digital Currency Group (DCG) and BlockFi. This move comes as part of the liquidation process of 3AC.

Portfolio Pulse from Benzinga Newsdesk

July 07, 2023 | 5:45 pm

AMC

ATVI

CHTR

DIS

GOOG

GOOGL

META

MTCH

RBLX

The article reports on the options activity of 10 communication services stocks in today's session. The stocks include Meta Platforms Inc. (META), AMC Entertainment Holdings Inc. (AMC), Alphabet Inc. (GOOGL and GOOG), The Walt Disney Company (DIS), Match Group, Inc. (MTCH), Activision Blizzard, Inc. (ATVI), Sea Limited (SE), Charter Communications, Inc. (CHTR), and Roblox Corporation (RBLX). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:40 pm

CROX

CVNA

EDU

LCID

PENN

PHM

RIVN

SKX

TSLA

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Rivian (RIVN), Lucid Group (LCID), Carvana (CVNA), Crocs (CROX), PulteGroup (PHM), New Oriental Education & Technology Group (EDU), Skechers (SKX), Penn National Gaming (PENN), and Wayfair (W). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:40 pm