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SPY

USO

The Energy Information Administration (EIA) reports that US oil output from top shale-producing regions is expected to increase marginally in May, reaching its highest level since December 2023. This includes rises in the Bakken, Permian, and Eagle Ford regions, with Bakken and Permian output hitting their highest since December 2023, and Eagle Ford reaching its peak since November 2023.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:18 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Oil prices are falling due to an Iranian attack on Israel, with minimal damage reported thanks to advance notice. Apple's iPhone shipments fell 10%, and Tesla is laying off 10% of its workforce but cutting its Full Self-Driving subscription price. Positive early trade money flows are seen in Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust, while negative flows are in Apple and Tesla. The article also discusses the impact of consumer spending and financial conditions on the stock market.

Portfolio Pulse from The Arora Report

April 15, 2024 | 4:08 pm

MSTR

MicroStrategy shares are trading lower due to volatility in crypto-related stocks, influenced by recent movements in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:56 pm

SPY

The U.S. Treasury saw an increase in the interest rates for its short-term debt instruments, with the 3-month bill auction rate rising to 5.250% from 5.225% and the 6-month bill auction rate increasing to 5.155% from 5.120%.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:35 pm

EQIX

PRU

Equinix Inc (NASDAQ:EQIX) and PGIM Real Estate, part of Prudential Financial, Inc.'s (NYSE:PRU) asset management business, have formed a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in Silicon Valley. This facility, SV12x, will offer over 28 MW of power capacity and marks the second joint venture between the two entities. The venture aims to expand the global xScale data center portfolio to over $8 billion and 725 MW of power capacity. PGIM Real Estate will hold an 80% equity interest, with Equinix owning the remaining 20%. EQIX shares dropped 1.71% to $751.00.

Portfolio Pulse from Shivani Kumaresan

April 15, 2024 | 3:35 pm

Agilent Technologies (NYSE:A) has delivered an average annual return of 13.59% over the past 10 years, outperforming the market by 3.06% annually. With a current market cap of $41.24 billion, a $100 investment in Agilent Technologies a decade ago would be worth $359.36 today.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:30 pm

Over the past 15 years, Micron Technology (NASDAQ:MU) has produced an average annual return of 24.36%, outperforming the market by 11.66% on an annualized basis. With a current market capitalization of $136.85 billion, an initial investment of $1000 in MU stock 15 years ago would be worth $26,930.28 today.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 3:30 pm

FBTC

GBTC

IBIT

Spot Bitcoin ETFs experienced $83M in net outflows as Bitcoin's price dropped 8% last week, contrasting with the previous week's $485M inflows. Grayscale Bitcoin Trust ETF (GBTC) saw $767M exit, while BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) attracted $487M and $90M, respectively. This marks the third time for net outflows since the January launch of spot Bitcoin ETFs, amidst investor caution and profit-taking.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:30 pm

SHIBUSD

Shiba Inu (SHIB) has seen a 3% increase in price alongside a 7,351% surge in daily transactions over four days, attributed to community developments and a decentralized building initiative by Ryoshi Network. The initiative aims to make SHIB a gas for a community-driven L2 ecosystem, enhancing DeFi utilities access. Shiba Inu's sponsorship of the Web3 Summit Dubai and strategic investment policies by its marketing lead, Lucie, further bolster its position. Additionally, a significant token inflow to large holders and a notable token burn have contributed to positive market sentiment.

Portfolio Pulse from Khyathi Dalal

April 15, 2024 | 3:28 pm

General Motors (GM) and Bedrock Real Estate are planning to redevelop GM's headquarters, the Renaissance Center in Detroit. The plans, which will be detailed in a news conference by GM CEO Mary Barra and Bedrock Chairman Dan Gilbert, do not involve selling the complex. This redevelopment is part of a broader effort by Gilbert's company to invest in downtown Detroit, where he has been acquiring properties for many years.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 3:27 pm