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MSTR

Over the past 10 years, MicroStrategy (NASDAQ:MSTR) has produced an average annual return of 30.23%, outperforming the market by 19.63%. A $100 investment in MSTR a decade ago would now be worth $1,426.30, with the company currently valued at a market capitalization of $24.86 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:30 pm

X

United States Steel (NYSE:X) has seen a surge in options activity, with a mix of bullish and bearish sentiments among investors. Analysis of recent trades shows a bearish majority, with significant activity in both puts and calls within a price window of $35.0 to $45.0. The company operates in the steel industry with a presence in the United States and Slovakia, serving various markets. The stock price is currently down by -2.32%, trading at $41.25, with an upcoming earnings report in 13 days. The options activity suggests investors are actively speculating on the stock's future price movements.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:17 pm

SPY

UNG

USO

The latest U.S. Baker Hughes report shows a decrease in oil and gas rig counts, with oil rigs down by 2 to 506 and gas rigs down by 1. The total rig count now stands at 617, indicating a slight reduction in drilling activity.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:05 pm

ULS

UL Solutions' shares opened for trading at $34.40 per share, significantly above the IPO price of $28 per share, based on an offering of 33.8 million shares.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:01 pm

JLL

Jones Lang LaSalle (NYSE:JLL) has delivered an average annual return of 10.76% over the past 20 years, outperforming the market by 2.88% annually. With a current market capitalization of $8.59 billion, an initial investment of $100 in JLL stock 20 years ago would be worth $755.25 today.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:00 pm

ON

ON Semiconductor (NASDAQ:ON) has significantly outperformed the market with an average annual return of 21.47% over the past 10 years, turning a $1000 investment into $7,032.60 today. The company's market capitalization stands at $28.75 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:00 pm

BLK

JPM

The article discusses the significant role of crypto-native institutions in advancing the blockchain and cryptocurrency industry, highlighting their understanding and appreciation of decentralization from the industry's inception. It contrasts this with the gradual involvement of traditional financial giants like BlackRock (NYSE:BLK) and JPMorgan (NYSE:JPM), noting that while the entry of these institutions into the crypto space is important, the real driving force behind the industry's growth and innovation are the crypto-native entities. These institutions have been pivotal in major developments such as the rise of DeFi, Ethereum's migration to proof-of-stake, and the approval of Bitcoin ETFs.

Portfolio Pulse from Jupiter Zheng

April 12, 2024 | 4:58 pm

CE

Celanese (NYSE:CE) has seen a decrease in short interest, with 4.94 million shares sold short, representing 6.88% of its float. This is a decline of 7.03% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to the peer group average of 3.93% short interest. The coverage time for short positions is approximately 7.75 days based on trading volume.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:45 pm

GBTC

Grayscale CEO Michael Sonnenshein announced plans to reduce the management fees of the Grayscale Bitcoin Trust (GBTC) from its current 1.5% to be more competitive with the 0.30% average of its U.S. spot Bitcoin ETF peers. This decision comes as the market for Bitcoin products matures and GBTC, which converted into an ETF in January after winning a lawsuit against the SEC, faces the highest net outflows among U.S. Bitcoin ETFs. Sonnenshein emphasized the importance of GBTC as a capital markets and risk transference tool for investors seeking Bitcoin exposure.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 4:45 pm

CTSH

$1000 invested in Cognizant Tech Solns (CTSH) 20 years ago would now be worth $11,552.97, showcasing an average annual return of 13.2% and outperforming the market by 5.29% on an annualized basis. CTSH's current market capitalization stands at $34.89 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 4:30 pm