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Assets

GS

Goldman Sachs Group, Inc. (NYSE:GS) aims to expand its private credit portfolio from $130 billion to $300 billion in five years. Marc Nachmann, global head of asset and wealth management, announced plans to raise $40-$50 billion for alternative investments this year, with a significant portion allocated to private credit strategies. The expansion is part of a broader strategy to improve return on equity and grow the wealth management business, particularly focusing on ultra-high-net-worth clients in Europe and Asia.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 5:26 pm

AAPL

TSLA

An auction featuring items related to Apple Inc and its former CEO Steve Jobs, including signed business cards, is underway. A signed business card from Tesla Inc and SpaceX CEO Elon Musk is also up for auction. The Jobs card has reached $29,282, while the Musk card is at $11,000. The auction highlights the growing demand for memorabilia from iconic tech leaders.

Portfolio Pulse from Chris Katje

March 13, 2024 | 5:26 pm

DAL

Deep-pocketed investors have shown a bearish sentiment towards Delta Air Lines (NYSE:DAL), with a notable division in mood: 45% bullish and 54% bearish. Benzinga's options scanner revealed 11 extraordinary options activities, with puts totaling $291,874 and calls at $242,436, targeting a price range of $30.0 to $70.0. The mean open interest for DAL options today is 7920.86, with a total volume of 28,409. Delta's stock is currently down by -0.35%, with a trading volume of 5,831,266 and an RSI indicating potential overbought status. The next earnings report is due in 29 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:16 pm

ANET

Deep-pocketed investors have shown a bearish sentiment towards Arista Networks (NYSE:ANET), as revealed by Benzinga's tracking of public options records. The analysis of 14 extraordinary options activities indicates a divided mood among investors, with a significant lean towards bearishness. The options trading suggests a targeted price range for ANET between $200.0 and $300.0. The company, a provider of networking equipment, counts Microsoft and Meta Platforms among its largest customers. The current trading volume is 903,669, with ANET's price slightly down by -0.48%, and an earnings announcement is expected in 47 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:15 pm

BNO

USO

Oil prices have increased following a reported decrease in US crude oil inventories, indicating a potential rise in demand or a drop in supply.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 5:10 pm

COR

Over the past 10 years, Cencora (NYSE:COR) has outperformed the market with an average annual return of 13.25%, turning a $100 investment into $346.00 today. Cencora's market capitalization stands at $47.35 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

FMX

Fomento Economico (NYSE:FMX) has seen an 8.93% increase in its short percent of float since the last report, with 1.31 million shares sold short, representing 0.61% of available shares. It would take about 2.64 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards FMX, although it has less short interest compared to its peers, with a peer group average of 7.65%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

PH

Parker Hannifin's (NYSE:PH) short interest has increased by 17.65% since the last report, with 1.02 million shares sold short, representing 0.8% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 3.09% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

BLDR

Builders FirstSource (NYSE:BLDR) has significantly outperformed the market over the past decade, with an average annual return of 37.01%, turning a $1000 investment into $24,444.44 today. The company's market capitalization stands at $24.23 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

CPNG

Coupang's (NYSE:CPNG) short interest has decreased by 5.18% since the last report, with 20.14 million shares sold short, representing 1.83% of its float. The current short interest suggests it would take approximately 1.99 days to cover all short positions. This decline in short interest indicates a more bullish sentiment towards CPNG compared to its last report. Additionally, Coupang's short interest is significantly lower than its peer group average of 8.44%, suggesting a relatively positive market sentiment towards the company.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:45 pm