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LTCUSD

Litecoin (CRYPTO: LTC) has seen a 3.53% increase in price over the last 24 hours, reaching $79.18, despite a 20% decrease over the past week from $98.14. The coin's all-time high is $410.26. Trading volume has decreased by 10% over the week, while circulating supply rose by 0.11% to 74.43 million, 88.61% of its max supply. Litecoin's market cap ranks it 20th at $5.88 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:01 pm

BTCUSD

Prominent cryptocurrency trader Altcoin Sherpa predicts new all-time highs for Bitcoin (BTC) beyond 2024, despite potential short-term dips. He advises against leverage for inexperienced traders and recommends a dollar-cost averaging strategy amidst the current market volatility. Recent data shows significant trading activity and profitability among Bitcoin holders, with an upcoming event to explore Bitcoin's institutional impact.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 7:01 pm

IDXX

IDEXX Laboratories (NASDAQ:IDXX) has significantly outperformed the market with an average annual return of 23.57% over the past 10 years, turning a $1000 investment into $8,332.54 today. The company's market capitalization stands at $40.86 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:00 pm

COF

Over the past 15 years, Capital One Financial (NYSE:COF) has delivered an average annual return of 16.21%, turning a $1000 investment into $9,092.03 today. With a current market capitalization of $52.05 billion, COF has outperformed the market by 3.56% on an annualized basis.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:00 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) saw a price increase of 4.97% in the last 24 hours to $0.000022, despite a 20% loss over the past week. The trading volume for SHIB increased by 54%, and its circulating supply rose by 0.11% to over 589.26 trillion, with a current market cap ranking of #12 at $13.19 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 7:00 pm

IDGT

MRVL

SPRX

Evercore ISI Group analyst Mark Lipacis initiated coverage on Marvell Technology Inc (NASDAQ:MRVL) with an Outperform rating and a price target of $88, highlighting the company and others like Nvidia, AMD, Broadcom, and more as top picks for benefiting from the AI boom. Lipacis predicts a significant upswing in the semiconductor industry, driven by AI and parallel processing, with a positive outlook into 2025 despite a mid-cycle correction anticipated in 2024. Marvell's stock has seen over a 68% gain in the last 12 months, with investment opportunities also available through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Spear Alpha ETF (NASDAQ:SPRX).

Portfolio Pulse from Anusuya Lahiri

April 16, 2024 | 6:38 pm

MPC

Over the past 10 years, Marathon Petroleum (NYSE:MPC) has outperformed the market with an annualized return of 16.25%, turning a $1000 investment into $4,520.52. The company's market capitalization stands at $73.41 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

VMC

Vulcan Materials (NYSE:VMC) has seen a 3.59% increase in its short percent of float, now at 2.01 million shares or 1.73% of all shares available for trading. This indicates a bearish sentiment among investors, although it's below the peer group average of 2.19%. The rise in short interest suggests caution but doesn't necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

CXAI

CXApp (NYSE:CXAI) has seen a significant decrease in short interest, down 25.03% to 1.15 million shares, representing 16.23% of its float. This decline in short interest, which now stands well above its peer group average of 2.74%, could indicate changing market sentiment towards CXAI. Despite the decrease, it's unclear if this will lead to a near-term price increase for CXAI.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

GLD

IWM

SPY

Fed Chair Jerome Powell announced the Federal Reserve's decision to delay interest rate cuts until there is greater confidence in reaching the 2% inflation target, citing recent data showing stalled progress on inflation. This announcement led to a spike in 2-year Treasury yields to 5%, the highest in six months, and affected stock and gold prices. The SPDR S&P 500 ETF Trust (SPY) and the iShares Russell 2000 ETF (IWM) experienced declines, while the SPDR Gold Trust (GLD) remained steady.

Portfolio Pulse from Piero Cingari

April 16, 2024 | 6:19 pm