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BITO

GBTC

Bitcoin and Ethereum have reached their highest levels of the year, with digital asset funds experiencing record inflows. Last week saw an increase of $176.3 million in inflows into cryptocurrency futures-based ETFs, bringing the 10-week total to $1.76 billion. Bitcoin had a weekly inflow of $132.8 million, while Ethereum had $30.8 million. Canada, Germany, and the U.S. led regional inflows, while Asia saw net outflows. BlackRock, Fidelity, and Grayscale are among firms awaiting SEC approval for spot Bitcoin ETFs. The Crypto Fear & Greed index indicates increasing investor sentiment.

Portfolio Pulse from Khyathi Dalal

December 04, 2023 | 8:57 pm

MCK

Teamsters Local 150 members at McKesson's Sacramento warehouse have voted to authorize a strike if a fair contract is not reached by December 10. McKesson has rejected the Teamsters' health care plan proposal, offering an alternative that workers find unaffordable. The union criticizes McKesson for prioritizing stock buybacks over workers' welfare, despite the company's significant revenue growth. A strike could have national implications, affecting supplies to pharmacies, doctors, and the U.S. Department of Veterans Affairs.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:56 pm

SIRI

Sirius XM Holdings Inc. (NASDAQ:SIRI) stock is trading lower, down 6.86% at $4.55. The stock rose in mid-November due to softer-than-expected October inflation data and Berkshire Hathaway's purchase of 9.68 million shares in Q3. However, the stock has been declining since its peak on November 15, with a significant drop on Monday. Sirius XM also announced a collaboration with Rivian for a three-month trial subscription service starting in 2024.

Portfolio Pulse from Ryan Gustafson

December 04, 2023 | 8:53 pm

FYBR

JANA Partners, a shareholder of Frontier Communications Parent, Inc. (NASDAQ:FYBR), has sent a letter to Frontier's Board urging an immediate review of strategic alternatives to maximize shareholder value. JANA believes Frontier is undervalued and faces structural impediments that prevent it from reaching its full potential as a public company. They suggest considering a sale, strategic partnership, or divestiture of non-core assets to transition to a pure-play fiber provider. JANA highlights Frontier's poor share price performance, lack of new investor interest post-bankruptcy, and underperformance compared to peers and the S&P 500.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:48 pm

TTWO

Fans speculate on the release date of GTA VI based on cryptic numbers found in GTA V, with a potential trailer release date of Dec. 5, 2023, and a game launch date of April 1, 2025. Take Two Interactive Software Inc's (NASDAQ:TTWO) Rockstar Games has not confirmed these dates. The company has a history of delaying game releases, as seen with Red Dead Redemption 2 and GTA V. Over 50 thousand people are waiting to watch the GTA VI trailer 17 hours before its release.

Portfolio Pulse from Franca Quarneti

December 04, 2023 | 8:45 pm

FIVN

Shares of Five9 (FIVN) have risen after a Bloomberg report indicated that the company is considering a sale.

Portfolio Pulse from Bill Haddad

December 04, 2023 | 8:33 pm

GOOG

GOOGL

TSLA

Elon Musk, CEO of Tesla Inc (TSLA), regained his title as the world's richest person with a current valuation of $223 billion, gaining $85.8 billion in 2023. Tesla shares are up over 120% year-to-date. A theoretical scenario suggests that earning a nickel for every Google search, owned by Alphabet Inc (GOOG, GOOGL), could amass Musk's wealth in 1.44 years, based on 8.5 billion daily searches.

Portfolio Pulse from Chris Katje

December 04, 2023 | 8:32 pm

THO

Citigroup analyst James Hardiman has maintained a Neutral rating on Thor Industries (NYSE:THO) and increased the price target from $94 to $108.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 8:30 pm

IT

Over the past 15 years, Gartner (NYSE:IT) has produced an average annual return of 24.61%, outperforming the market by 13.15% on an annualized basis. A $1000 investment in Gartner 15 years ago would be worth $25,871.67 today. Gartner's market capitalization currently stands at $34.76 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:30 pm

TJX

Over the past 10 years, TJX Companies (NYSE:TJX) has delivered an average annual return of 11.03%, outperforming the market. A $1000 investment in TJX stock a decade ago would be worth $2,851.76 today. TJX currently has a market cap of $100.83 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 8:30 pm