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MPC

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 2.2% on an annualized basis, producing an average annual return of 12.63%. If an investor had bought $100 of MPC stock 10 years ago, it would be worth $323.42 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:30 pm

MKC

Over the past 15 years, McCormick & Co (NYSE:MKC) has outperformed the market by 2.98% on an annualized basis, producing an average annual return of 11.57%. If an investor had bought $100 of MKC stock 15 years ago, it would be worth $516.28 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:30 pm

FTTUSD

Crypto exchange FTX has halted the sale of its stake in AI startup Anthropic, which was expected to fetch a nine-figure sum. The decision comes after FTX declared bankruptcy in November. FTX's investment in Anthropic, established by ex-employees of OpenAI, is one of its largest, surpassed only by its $1.5 billion investment in Genesis Digital. The new management at FTX has released a report on alleged misappropriation of customer assets.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 2:05 pm

AREC

American Resources Corp (NASDAQ:AREC) has rejected an unsolicited bid for the assets of its metallurgical carbon division, American Carbon. The bid, which included upfront cash, assumption of debt, and a scaling royalty structure, totaled an implied enterprise value of ~$260 million. The company did not accept the proposal due to the duration and structure of the consideration payments.

Portfolio Pulse from Akanksha Bakshi

June 28, 2023 | 2:03 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 15 years by 5.14% on an annualized basis, producing an average annual return of 13.74%. If an investor had bought $100 of MMC stock 15 years ago, it would be worth $684.44 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:02 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has outperformed the market over the past 15 years, producing an average annual return of 23.26%. If an investor had bought $100 of MPWR stock 15 years ago, it would be worth $2,278.59 today. The company currently has a market capitalization of $25.00 billion.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 2:01 pm

AMD

BLK

CVX

GIS

GOOG

HYMTF

MSFT

NSANY

NVDA

OSTK

SAP

SPR

SSNLF

STLA

UAL

Several companies are in the news for various reasons. Microsoft has been experiencing cyberattacks from a group linked to Russia. Samsung is gearing up for 2-nanometer chip production, intensifying rivalry with TSMC and Intel. BlackRock owns over 7% of Nvidia stock, capitalizing on the AI surge. Russian oil company Roszarubezhneft seeks control of Venezuelan oil exports amid US sanctions. SAP CEO is bullish on AI. Google plans to downsize the workforce at Waze. Overstock's bid for Bed Bath & Beyond assets receives US judge approval. UK watchdog rules against Hyundai and Toyota over misleading EV charging speed ads. Stellantis launches Free2move charging service for EV users. Chip stocks Nvidia and AMD fall on reports of US adopting stricter stance over China. Spirit AeroSystems and workers union agree on new contract proposal. General Dynamics bags US Army contract to build combat vehicles. General Mills shares fall after mixed Q4 results. Nissan reveals executive committee changes. United CEO blames FAA as storms force more flight cancellations. Hong Kong company takes first AI-generated drug candidate to clinic targeting chronic lung disease.

Portfolio Pulse from Vandana Singh

June 28, 2023 | 1:59 pm

SPY

Federal Reserve Chair Jerome Powell has indicated that significant disinflation is expected due to the impact on rents, but it will take time for this to materialize.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 1:55 pm

LRCX

A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is from $620.0 to $1020.0. The company's stock price is currently down by 1.7% at $638.13. Analysts from Mizuho, UBS, and Wells Fargo have given price targets of $520, $725, and $620 respectively.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 1:51 pm

USDTUSD

Stablecoin issuer Tether (CRYPTO: USDT) has partnered with the Government of Georgia to develop the country's blockchain ecosystem. The collaboration aims to attract global investments and stimulate the growth of blockchain start-ups in Georgia. Tether plans to set up a specialized fund to support local start-ups in the development of blockchain technologies. The partnership also includes cooperation in the educational field and the establishment of a robust and independent communication and financial system.

Portfolio Pulse from Murtuza Merchant

June 28, 2023 | 1:45 pm