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ODFL

Over the past 10 years, Old Dominion Freight Line (NASDAQ:ODFL) has produced an average annual return of 27.37%, outperforming the market by 17.67% on an annualized basis. With a current market capitalization of $43.08 billion, a $1000 investment in ODFL a decade ago would be worth $10,986.90 today. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:30 pm

EL

Over the past 15 years, Estee Lauder Cos (NYSE:EL) has produced an average annual return of 16.14%, outperforming the market. A $1000 investment in EL 15 years ago would be worth $9,331.95 today. Estee Lauder currently has a market cap of $47.95 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 7:30 pm

CMCSA

FOX

FOXA

NXST

RUM

The fourth Republican primary debate is scheduled for December 6, airing on NewsNation, owned by Nexstar Media Group (NXST), and streamed by Rumble Inc (RUM). The debate features four candidates and will be moderated by Megyn Kelly, Elizabeth Vargas, and Eliana Johnson. Donald Trump will not attend, opting for a Super PAC fundraiser instead. Nexstar could see increased viewership and advertising rates, while Fox Corporation (FOX, FOXA) and Comcast Corporation (CMCSA) aired previous debates.

Portfolio Pulse from Chris Katje

December 06, 2023 | 7:22 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a surge in notional open interest (OI) by 58% to $625 million, the highest since Nov. 2, 2022, following the recent Bitcoin rally. The meme cryptocurrency's price crossed the 10-cent mark for the first time since April 2022, with a 10% increase in the past 24 hours and a 35% gain over the past month. Elon Musk's tweet about 'Progress' in response to X News Daily's report on his company acquiring a money transmitter license is seen as a potential catalyst for DOGE's market surge.

Portfolio Pulse from Khyathi Dalal

December 06, 2023 | 7:20 pm

CMCSA

Comcast Corp (NASDAQ:CMCSA) is increasing prices for its cable TV, internet, and phone services. TV packages will cost about $6 more per month, while Broadcast TV and Regional Sports fees will increase by $4 and $1 respectively. Premium channel bundles will also see a $2 to $4 hike. Peacock, owned by Comcast's NBCUniversal, has reached 30 million subscribers with an ARPU of $10. Internet services will rise by an average of $4, and telephone services by $5 monthly. The total bill for a customer with TV, internet, and phone services could go up by $20 monthly. These changes are set to take effect on December 18, 2023. The price hike is attributed to the rising costs of content from cable networks. CMCSA's stock was up 0.56% at $41.85.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 7:10 pm

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LEU

SPY

UEC

UUUU

VGK

The U.S. House of Representatives is scheduled to vote on a ban on Russian uranium imports. This move could affect several companies involved in uranium mining and nuclear fuel production, as well as broader market indices.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:09 pm

BILL

Needham analyst Scott Berg reiterated a Buy rating on BILL Holdings, Inc (NYSE:BILL) with a $100 price target, following the company's announcement of a workforce reduction by ~15% and the closure of its Sydney office. The restructuring aims to focus on key priorities and improve profitability amid macro-related headwinds. The company expects to incur $29 million-$35 million in charges, with the majority in 2QF24. Berg sees a 300bps increase in FY24 operating margin to 13% and raises earnings estimates to $2.11 from $1.81. BILL's position in the electronic B2B payment space and high retention rates are seen as growth drivers.

Portfolio Pulse from Nabaparna Bhattacharya

December 06, 2023 | 7:09 pm

NWS

NWSA

News Corp's subsidiary News Group Newspapers (NGN) has settled multiple phone-hacking claims, including those from celebrities and a former minister, offering apologies and paying substantial damages. The scandal, which first emerged in 2006, led to the closure of News of the World, imprisonment of its editor, and a public inquiry. NGN aims to conclude litigation ongoing for over 20 years. Further allegations against the Sun are set for trial in 2025. News Corp's shares (NWS) saw a slight increase of 0.84% to $22.91.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 7:07 pm

MULN

Mullen Automotive, Inc. has filed a federal lawsuit against UBS Securities, IMC Financial Markets, and Clear Street Markets, alleging market manipulation through spoofing, which artificially deflated Mullen's stock prices. The complaint, filed in the Southern District of New York, claims this activity occurred between Nov. 9, 2021, and Nov. 9, 2023, and could result in damages in the billions. The lawsuit aims to protect shareholder equity and address the significant impact on Mullen's share price.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:06 pm

META

ByteDance Ltd, the parent company of TikTok, is offering a share buyback of up to $5 billion at $160 per share, which is 11% lower than the previous year's rate. Despite setbacks including regulatory challenges and market bans, ByteDance remains among the top 40 most valuable global companies and saw a 30% revenue increase in 2022, reaching over $80 billion. Meta Platforms Inc (NASDAQ:META) is mentioned as a rival to TikTok.

Portfolio Pulse from Anusuya Lahiri

December 06, 2023 | 7:04 pm