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Ethereum's whale addresses, known as the 'billionaire tier', now hold 32.3% of its total available supply, the highest since 2016. The Ethereum Foundation recently sold 1,700 ETH for USDC 2.76 million. The total number of Ethereum wallets holding some balance has exceeded the 100 million mark. In the past year, ETH prices have increased by 20%.

Portfolio Pulse from Khyathi Dalal

October 18, 2023 | 8:32 pm

SAP

SAP's shares are trading higher following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:32 pm

TSLA

Tesla Inc (NASDAQ:TSLA) reported Q3 revenue of $23.35 billion, up 9% YoY but missing the Street consensus estimate of $24.38 billion. Adjusted EPS was 66 cents, also missing the estimate of 73 cents. The company attributed revenue fluctuations to growth in vehicle deliveries, other business lines, and negative impacts from a lower average selling price and foreign exchange. Tesla reported Q3 production of 430,488 units and deliveries of 435,059 units. The company ended Q3 with $441 million in digital assets, down from $465 million in Q2.

Portfolio Pulse from Chris Katje

October 18, 2023 | 8:31 pm

ETN

A whale investor has taken a bullish stance on Eaton Corp (NYSE:ETN), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $160.0 to $230.0 for Eaton Corp over the last 3 months. JP Morgan upgraded its action to Overweight with a price target of $230, while Morgan Stanley maintained their Overweight rating with a price target of $238.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:30 pm

NEE

NextEra Energy (NYSE:NEE) has outperformed the market over the past 20 years, producing an average annual return of 9.95%. If an investor had bought $1000 of NEE stock 20 years ago, it would be worth $6,670.63 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:30 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 20 years, producing an average annual return of 16.85%. If an investor had bought $1000 of SHW stock 20 years ago, it would be worth $23,104.58 today. The company currently has a market capitalization of $62.30 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 8:30 pm

EFX

Equifax reported worse-than-expected Q3 financial results and revised its guidance downwards, leading to a drop in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:29 pm

PPG

PPG Industries, a major paints and coatings manufacturer, has projected its Q4 adjusted EPS to be between $1.44 and $1.50, which is in line with the estimated $1.48.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:29 pm

PPG

PPG Industries has increased its FY23 adjusted EPS guidance from $7.28-$7.48 to $7.58-$7.64, surpassing the estimated $7.49.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 8:28 pm

NFLX

Netflix Inc (NASDAQ:NFLX) reported Q3 revenue of $8.54 billion, beating the consensus estimate of $8.53 billion, and earnings of $3.73 per share, beating the estimate of $3.49. The company attributed the strong results to higher-than-expected member growth, with paid net adds of 8.76 million. Netflix also highlighted the repurchase of $2.5 billion worth of its shares in the quarter and a buyback authorization increase of $10 billion. The company expects Q4 revenue of $8.692 million and earnings of $2.15 per share.

Portfolio Pulse from Adam Eckert

October 18, 2023 | 8:24 pm