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ETN

Over the past 5 years, Eaton Corp (NYSE:ETN) has produced an average annual return of 25.98%, outperforming the market by 14.43% on an annualized basis. A $100 investment in ETN 5 years ago would be worth $317.67 today. Eaton Corp currently has a market cap of $91.30 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:30 pm

ABT

Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 10.95%, outperforming the market by 1.25% on an annualized basis. A $1000 investment in ABT a decade ago would be worth $2,820.16 today. Abbott Laboratories currently has a market capitalization of $182.13 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:30 pm

SBUX

Starbucks CEO commented at the Morgan Stanley Conference that the recovery in China will be choppy and is normalizing at a slower pace than expected. He also mentioned that demand growth in the next year is anticipated to be more concentrated towards the latter half.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:25 pm

AMC

CAG

COIN

MCD

Dogecoin (CRYPTO: DOGE), a cryptocurrency that began as a joke, celebrates its 10th anniversary. Created by Jackson Palmer and Billy Markus, Dogecoin was based on the Doge meme and has seen significant returns for early investors. It gained popularity with support from Elon Musk and was added to trading platforms like Coinbase Global (NASDAQ:COIN). Conagra Brands (NYSE:CAG) mentioned Dogecoin in relation to its Slim Jim brand, and AMC Entertainment Holdings (NYSE:AMC) announced it would accept Dogecoin as payment. The future of Dogecoin may involve more retailers accepting it as payment, with McDonald's (NYSE:MCD) being a potential target for Dogecoin investors.

Portfolio Pulse from Chris Katje

December 05, 2023 | 6:23 pm

CLSK

COIN

HIVE

MARA

RIOT

Bitcoin (BTC/USD) soared to $43K on Tuesday, continuing its upward trend after crossing $40,000 over the weekend. The rally is partly driven by expectations of a U.S. SEC approval for a Bitcoin ETF. Crypto-linked stocks like Coinbase (COIN), CleanSpark (CLSK), Marathon Digital Holdings (MARA), Riot Platforms (RIOT), and HIVE Digital Technologies (HIVE) are surging in response. Coinbase's CEO Brian Armstrong highlighted Bitcoin's potential role in strengthening Western civilization and the U.S. dollar.

Portfolio Pulse from Lekha Gupta

December 05, 2023 | 6:22 pm

HOOD

Robinhood's stock (HOOD) is trading higher following the release of favorable monthly customer metrics for November 2023. Additionally, a strong performance in the cryptocurrency sector is believed to be positively influencing the company's share price.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:21 pm

DEO

Diageo, the British multinational beverage alcohol company, is reportedly looking to sell its beer portfolio, including the Guinness brand. The move is part of a strategic shift to focus on its more profitable spirits and liquor business. The company has not yet confirmed the news, but if true, it could lead to significant changes in its business structure and revenue streams.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 6:17 pm

ALB

GME

GTLB

HOOD

TLT

US stocks showed weakness on Tuesday, with the S&P 500, Dow Industrials, and Russell 2000 indices closing lower, while the Nasdaq 100 remained flat. Moody's downgrade of China's credit outlook and mixed economic data influenced market sentiment. The dollar and U.S. Treasuries, particularly the iShares 20+ Year Treasury Bond ETF (TLT), gained. Gold and silver prices dropped. Bitcoin surged on rumors of a potential investment by Qatar's sovereign wealth fund. Technology and consumer discretionary sectors outperformed, while materials and energy sectors lagged. Gamestop (GME) and Albemarle Corp. (ALB) stocks fell, while GitLab (GTLB) and Robinhood (HOOD) rose.

Portfolio Pulse from Piero Cingari

December 05, 2023 | 6:15 pm

Goldman Sachs Gr (NYSE:GS) has seen a 13.51% increase in short interest since its last report, with 4.09 million shares sold short, representing 1.26% of its float. It would take about 1.81 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, GS has less short interest, with the peer group average at 4.10% of float.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:15 pm

MDT

Medtronic (NYSE:MDT) has experienced a 14.04% increase in short interest since its last report, with 8.68 million shares sold short, representing 0.65% of its float. The short interest now requires approximately 1.28 days to cover based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Medtronic's short interest is below its peer group average of 3.77%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 6:15 pm