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BTCUSD

Bitcoin (BTC) dipped below $64,000, triggering over $27 million in long position liquidations within 24 hours. The broader cryptocurrency market saw $132 million in liquidations, with long positions accounting for $105 million. Trader Jason Pizzino suggests this is a consolidation phase before a potential surge later in the year, with increased activity possibly returning in Q3 2024.

Portfolio Pulse from Murtuza Merchant

June 21, 2024 | 5:22 pm

IWB

SPDW

SPOT

Spotify Technology SA (NYSE:SPOT) has introduced a new 'Basic' streaming plan in the U.S. priced at $10.99 per month, following a recent increase in the Premium plan price. The new plan excludes monthly audiobook listening time. Analysts predict accelerated revenue growth in 2024 due to effective pricing strategies. SPOT shares have gained over 100% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 5:18 pm

BKR

USO

The U.S. Baker Hughes Oil Rig Count has decreased by 3 to 485, compared to 488 previously. The total U.S. Baker Hughes Rig Count is now 588, down from 590 prior.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 5:03 pm

DHR

Danaher (NYSE:DHR) has significantly outperformed the market over the past 10 years, delivering an average annual return of 16.87%. An initial $100 investment in DHR stock 10 years ago would be worth $473.11 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 5:00 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 20 years with an average annual return of 9.52%, resulting in a $100 investment growing to $621.15. The company currently has a market capitalization of $139.93 billion.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 5:00 pm

CNC

Over the past three months, 11 analysts have shared their evaluations of Centene (NYSE:CNC), revealing a range of outlooks from bullish to bearish. The average 12-month price target is $92.64, a slight decrease from the previous $94.44. Analysts have maintained, raised, or lowered their ratings and price targets based on recent developments. Centene has shown positive revenue growth and strong profitability metrics but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 5:00 pm

SRPT

The FDA has expanded the approval of Sarepta Therapeutics Inc's (NASDAQ:SRPT) Elevidys to include individuals with Duchenne muscular dystrophy (DMD) who are at least four years old. This expansion is expected to lead to rapid uptake and substantial revenue growth for Sarepta. William Blair reiterates an Outperform rating with a fair value estimate of $210 per share. The approval is a significant milestone for Sarepta's DMD franchise and validates its gene therapy platform.

Portfolio Pulse from Vandana Singh

June 21, 2024 | 4:50 pm

ARES

BX

CG

SPY

Investments in American sports franchises have outperformed the equities market, with the Ross-Arctos Sports Franchise Index (RAFSI) showing 1,260% returns since 2000 compared to the S&P 500's 620%. This outperformance is driven by lucrative media rights deals and the rise of streaming. Private equity firms like Blackstone, Ares Management, and Carlyle Group are increasingly investing in sports franchises.

Portfolio Pulse from Hayden Buckfire

June 21, 2024 | 4:35 pm

PCAR

PACCAR (NASDAQ:PCAR) has outperformed the market over the past 20 years with an average annual return of 9.6%, resulting in a $100 investment growing to $628.14. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 21, 2024 | 4:30 pm

AREB

American Rebel Holdings, Inc. (NASDAQ:AREB) stock surged 148% to 74 cents per share on Friday after the company signed a distribution agreement with Dichello Distributors for its beer in Connecticut. Additionally, American Rebel reported $4 million in revenue for the first fiscal quarter of 2024.

Portfolio Pulse from Dylan Berman

June 21, 2024 | 4:08 pm