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Allstate Corp reported $630 million in losses from Hurricane Helene, contributing to a total of $889 million in catastrophe losses for September 2024. Other insurers like Progressive and Travelers also reported significant losses. Moody's RMS estimates total insured losses from recent hurricanes to be between $35 billion and $55 billion.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 10:29 pm

ANY

Sphere 3D is optimistic about the Bitcoin market and is focused on executing its strategic plan through Q4 and into 2025. The company is transitioning to a facility with competitive power costs and reliable uptime, which positions it for profitability and growth.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:46 pm

ANY

Sphere 3D reported a significant decrease in Bitcoin mining production for September 2024, mining only 9.2 Bitcoins compared to 63.6 the previous year. This decrease is due to a strategic shift towards lower-cost hosting sites, which has improved the company's balance sheet. Sphere 3D is also upgrading its mining fleet with higher-efficiency machines.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:44 pm

WAL

Western Alliance (NYSE:WAL) reported Q3 earnings per share of $1.80, missing the consensus estimate of $1.89, and marking an 8.63% decrease from last year. However, sales of $823.10M beat the estimate of $808.19M, showing a 14.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:43 pm

EAT

Brinker International (NYSE:EAT) has outperformed the market over the past 5 years with an annualized return of 16.28%, resulting in a $100 investment growing to $217.01. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 9:31 pm

UBER

Uber Technologies (NYSE:UBER) has significantly outperformed the market over the past 5 years, with an annualized return of 19.69%. A $1000 investment in UBER 5 years ago would now be worth $2,543.78, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 9:31 pm

HBCP

Home Bancorp reported Q3 earnings per share of $1.18, surpassing the analyst estimate of $0.99, despite a slight decrease from last year's $1.22. Sales also exceeded expectations at $30.38 million, up from $29.51 million last year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:07 pm

AAPL

GOOGL

Google's deal to be the default search engine on Apple iPhones is likely to be banned due to antitrust concerns. This could impact Apple's revenue significantly, but a final ruling may take years. Google plans to appeal.

Portfolio Pulse from Erica Kollmann

October 17, 2024 | 9:06 pm

TRGP

Targa Resources (NYSE:TRGP) has significantly outperformed the market over the past 5 years, with an annualized return of 32.21%. A $1000 investment in TRGP 5 years ago would now be worth $4,111.73. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 9:03 pm

WAL

Western Alliance (NYSE:WAL) reported Q3 2024 sales of $823.10 million, surpassing the analyst estimate of $808.19 million and marking a 14.93% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 8:51 pm