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SPY

U.S. existing home sales have slumped to their lowest level in over 13 years this October, indicating a significant slowdown in the housing market. This downturn is attributed to high mortgage rates and prices, which have been deterring potential buyers. The decline in home sales could have broader implications for the economy and consumer spending.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:01 pm

GEN

Gen Digital's stock is experiencing an uptick following an upgrade from Morgan Stanley, which changed its rating from Equal-Weight to Overweight.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:01 pm

DOCN

DigitalOcean's stock (DOCN) has seen an increase in trading after receiving an upgrade from Oppenheimer, changing its rating from Perform to Outperform.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is planning to expand its operations in India by exporting cars next year and establishing a $2 billion manufacturing facility within two years. Potential factory locations include Gujarat, Maharashtra, and Tamil Nadu. The company aims to produce some batteries locally and increase auto parts purchases from India to $15 billion. Tesla's entry into India could significantly impact the local EV sector. The company is also considering producing and selling battery storage systems in India. CEO Elon Musk is expected to visit India in 2024. TSLA shares were up 0.51% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 3:00 pm

SPY

USA Existing Home Sales for October decreased by 4.1%, a larger drop than the previous month's 2.2% decline, indicating a potential slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 3:00 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has decreased by 7.23% in the last 24 hours, reaching $14.13, despite a 1.0% gain over the past week. The trading volume has decreased by 29.0%, and the circulating supply has slightly decreased by 0.57% to 556.85 million, which is 55.68% of the max supply. Chainlink's market cap is currently ranked #12 at $7.87 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm

BN

Over the past 15 years, Brookfield (NYSE:BN) has produced an average annual return of 13.74%, outperforming the market by 2.28% annually. A $1000 investment in BN 15 years ago would be worth $7,358.05 today. Brookfield currently has a market cap of $56.71 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm

VLO

$100 invested in Valero Energy (NYSE:VLO) 15 years ago would be worth $696.09 today, with the stock outperforming the market with an average annual return of 13.5%. Valero Energy currently has a market cap of $41.78 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm

BUD

Anheuser-Busch InBev's (NYSE:BUD) short interest has decreased by 14.29% since the last report, with 3.14 million shares sold short, representing 0.18% of available shares. The average time to cover these short positions is 1.48 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, BUD has a lower short interest as a percentage of float, with the peer group average at 5.42%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) has seen a 6.44% decrease in price over the last 24 hours, now at $0.08, despite a 1.0% increase over the past week. The trading volume has decreased by 10.0%, while the circulating supply has slightly risen by 0.04%, reaching 141.92 billion. Dogecoin's market cap is currently ranked #10, valued at $10.77 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 3:00 pm