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BLK

GS

USDCUSD

Circle Internet Financial, the firm behind the USD Coin (CRYPTO: USDC) stablecoin, is reportedly exploring a transition into a publicly traded company as early as 2024. The company is in the consultation phase, engaging with advisory entities regarding a potential IPO. The company's valuation ambitions for an IPO remain undisclosed, but in a previous attempt to enter the public market through a SPAC in 2022, Circle was pegged at a $9 billion valuation. Circle is backed by heavyweight investors such as Goldman Sachs Group Inc. (NYSE:GS), General Catalyst Partners, BlackRock Inc. (NYSE:BLK), Fidelity Management and Research, and Marshall Wace.

Portfolio Pulse from Murtuza Merchant

November 08, 2023 | 5:54 pm

ARDX

EGY

IOVA

IQ

SVRA

The article discusses the potential of five OTC stocks to provide significant returns in 2024. The stocks mentioned are VAALCO Energy Inc. (EGY), Ardelyx Inc. (ARDX), Savara Inc. (SVRA), Iovance Biotherapeutics Inc. (IOVA), and iQIYI Inc. (IQ). The article also mentions Ohanae, a fintech innovator that provides a platform for trading and tokenization of OTC securities.

Portfolio Pulse from Chris Bibey

November 08, 2023 | 5:26 pm

CVX

SLB

Stephanie Link announced live on CNBC that she has purchased more shares of Chevron (CVX) and Schlumberger (SLB).

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:18 pm

GS

A significant bullish stance has been taken on Goldman Sachs Gr (NYSE:GS) as indicated by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The big players have been eyeing a price window from $315.0 to $370.0 for Goldman Sachs Gr during the past quarter. JMP Securities downgraded its rating to Market Outperform, setting a price target of $440. Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $447.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:16 pm

FTNT

META

Stephanie Link announced on CNBC that she has purchased more shares of Fortinet and Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 5:04 pm

TRP

TC Energy Corp (NYSE:TRP) reported Q3 2023 earnings of 74 cents per share, beating the consensus of 71 cents, and sales of $2.94 billion, exceeding the estimate of $2.75 billion. The company's comparable EBITDA rose 7% Y/Y to C$2.6 billion. The company also announced the appointment of John E. Lowe as board chairperson effective Jan. 1, 2024, and the completion of the sale of 40% of non-controlling equity interest in the Columbia Gas and Columbia Gulf systems for cash proceeds of C$5.3 billion ($3.9 billion).

Portfolio Pulse from Lekha Gupta

November 08, 2023 | 4:58 pm

C

Citigroup (NYSE:C) has seen unusual options activity, with 54% of traders showing bullish tendencies and 45% bearish. The big players have been eyeing a price window from $30.0 to $55.0 for Citigroup during the past quarter. The price of C is currently down -0.33% at $41.82. Analysts from BMO Capital, Piper Sandler, and Oppenheimer maintain Outperform and Neutral ratings on Citigroup with target prices of $66, $45, and $82 respectively.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:46 pm

JD

A significant bullish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by a large position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The major market movers are focusing on a price band between $25.0 and $40.0 for JD.com. Barclays, UBS, and Goldman Sachs maintain a positive rating on JD.com, while Bernstein and Morgan Stanley have revised their ratings downward.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:46 pm

CVX

A financial giant has made a bearish move on Chevron (NYSE:CVX), with 75% of traders showing bearish tendencies. The big players have been eyeing a price window from $105.0 to $165.0 for Chevron during the past quarter. The price of CVX is down -0.97% at $143.01. Several financial institutions have given their ratings and price targets for Chevron, with the highest being $201 by Morgan Stanley.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:31 pm

NUE

Nucor Inc.'s (NYSE:NUE) share price is currently at $152.58, after a 0.75% increase. Despite a 1.47% fall over the past month, the stock has risen by 9.75% over the past year. The company's P/E ratio of 7.66 is lower than the Metals & Mining industry average of 14.7, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:15 pm