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ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 20 years by 1.74% on an annualized basis, producing an average annual return of 9.4%. If an investor had bought $100 of ADP stock 20 years ago, it would be worth $603.98 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 3:01 pm

ADI

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 10 years by 4.41% on an annualized basis, producing an average annual return of 14.54%. If an investor had bought $100 of ADI stock 10 years ago, it would be worth $399.23 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 3:00 pm

NEARUSD

NEAR Protocol's (CRYPTO: NEAR) price rose 3.2% to $1.35 in the past 24 hours, continuing its positive trend over the past week with a 2.0% gain. However, the trading volume for the coin has fallen 40.0% over the past week, while the overall circulating supply of the coin has increased 0.28% to 929.37 million. NEAR's current market cap ranking is #40 at $1.26 billion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 3:00 pm

BLK

JPM

JPMorgan Chase & Co has expressed skepticism about the potential impact of the approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). The banking giant believes that such an event is unlikely to drastically affect the crypto space. The company highlighted that Bitcoin funds, including both futures-based and physically backed funds, have not attracted significant investor interest since Q2 2021. JPMorgan also mentioned BlackRock Inc, which submitted documents last month to create a spot Bitcoin ETF.

Portfolio Pulse from Murtuza Merchant

July 07, 2023 | 2:46 pm

ADBE

Adobe (NASDAQ:ADBE) has outperformed the market over the past 20 years, producing an average annual return of 18.04%. If an investor had bought $1000 of ADBE stock 20 years ago, it would be worth $28,107.09 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:30 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has outperformed the market over the past 15 years, producing an average annual return of 16.88%. An investment of $1000 in ACGL 15 years ago would be worth $10,346.52 today.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:30 pm

SPY

UNG

The USA Natural Gas Storage reported a 72B figure, which is higher than the estimated 64B and the prior figure of 76B.

Portfolio Pulse from Happy Mohamed

July 07, 2023 | 2:30 pm

PWM

Prestige Wealth, Inc. (NASDAQ:PWM) shares have resumed normal trading after being halted to the upside on Friday. The company launched its IPO of 1,000,000 ordinary shares at a price of $5.00 per share. The proceeds from the IPO will be used for brand promotion, expansion of products and services, additional client relationship management and employees, and general working capital. The stock reached a high price of $13.41 during premarket trading on Friday and is currently trading over 70% higher.

Portfolio Pulse from Erica Kollmann

July 07, 2023 | 2:11 pm

IWB

SPY

June's nonfarm payrolls (NFPs) data came in at 209,000, missing expectations of 225,000 jobs, marking the lowest print since December 2020. The unemployment rate decreased to 3.6%, while average hourly wages showed a 0.4% month-over-month increase, surpassing expectations of 0.3%. Small-cap stocks in the iShares Russell 1000 ETF (IWB) rose 0.7%, outperforming large caps in the SPDR S&P 500 ETF Trust (SPY), which fell 0.1%. Economists suggest the data indicates a resilient labor market and could lead to further rate hikes by the Fed.

Portfolio Pulse from Piero Cingari

July 07, 2023 | 2:03 pm

AAPL

Apple (NASDAQ:AAPL) has outperformed the market over the past 10 years, producing an average annual return of 28.76%. If an investor had bought $100 of AAPL stock 10 years ago, it would be worth $1,271.46 today. The company currently has a market capitalization of $3.01 trillion.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 2:01 pm