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BX

Over the past 10 years, Blackstone (NYSE:BX) has outperformed the market by 4.27% on an annualized basis, producing an average annual return of 13.4%. If an investor had bought $100 of BX stock 10 years ago, it would be worth $349.94 today. The company currently has a market capitalization of $71.41 billion.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 7:30 pm

CI

Over the past 20 years, Cigna Group (NYSE:CI) has outperformed the market by 7.85% on an annualized basis, producing an average annual return of 15.05%. If an investor had bought $1000 of CI stock 20 years ago, it would be worth $16,141.35 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 7:30 pm

SOFI

American hedge-fund manager James Altucher has mentioned SoFi Technologies in his buyout trader newsletter, suggesting the stock as a buy. This has led to increased attention from traders.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:29 pm

FYBR

Frontier Communications Parent, Inc (NASDAQ:FYBR) reported a Q3 FY23 revenue decline of 0.6% YoY to $1.436 billion, slightly below consensus. The company's EPS of $0.05 beat the consensus loss of $(0.06). Despite growth in fiber-based products, declines in copper-based products offset the gains. The company reiterated its FY23 adjusted EBITDA outlook of $2.11 billion - $2.16 billion. FYBR shares are trading lower by 4.77% at $17.07.

Portfolio Pulse from Anusuya Lahiri

November 01, 2023 | 7:28 pm

BTCUSD

CLSK

RIOT

Bernstein, a global asset management firm, predicts that Bitcoin (BTC) prices could surge to $150,000 by 2025, amid positivity surrounding the spot Bitcoin ETF approval. The approval is expected by Q1 2024. The firm also initiated coverage on several Bitcoin mining firms, including Riot Platforms and CleanSpark, citing Bitcoin mining as a high-beta strategy for gaining exposure to the market.

Portfolio Pulse from Khyathi Dalal

November 01, 2023 | 7:24 pm

UFPT

UFP Technologies reported lower than expected Q3 revenue results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:22 pm

MCY

Mercury General Corporation's shares are trading higher following the announcement of a year-over-year increase in Q3 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:21 pm

SBUX

Starbucks Corporation (NASDAQ:SBUX) is set to report its Q4 financial results. Analysts expect a revenue of $9.29 billion and earnings per share of 97 cents. Morgan Stanley analyst Brian Harbour sees a favorable risk/reward for investors, despite concerns about China growth and competition. The company's new CEO, Laxman Narasimhan, is expected to provide updates on the reinvention plan and potential store count in the US. Starbucks shares are currently trading at $91.43, down 10% year-to-date.

Portfolio Pulse from Chris Katje

November 01, 2023 | 7:21 pm

TEL

TE Connectivity reported better-than-expected Q4 financial results and issued Q1 2024 guidance, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:20 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the risks are becoming more balanced between doing too much or too little, indicating a shift towards a more balanced monetary policy. This could impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:17 pm