Streetbeat News

Assets

WPM

Over the past 5 years, Wheaton Precious Metals (NYSE:WPM) has outperformed the market with an annualized return of 14.94%, turning a $100 investment into $203.07 today. The company's market capitalization stands at $20.29 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:30 pm

DKNG

NFL star Aaron Rodgers is considered a potential vice-presidential candidate for Robert F. Kennedy Jr.'s 2024 third-party presidential run. Rodgers, known for his anti-vaccine stance and support for Bitcoin, has been in continuous talks with Kennedy Jr. This political involvement raises concerns about his future with the New York Jets, especially as the NFL season approaches. DraftKings Inc (NASDAQ:DKNG) lists the Jets with odds of +2,500 to win Super Bowl LIX, with Rodgers also a favorite for the 2024 NFL MVP Award.

Portfolio Pulse from Chris Katje

March 13, 2024 | 8:30 pm

NXPI

PI

Impinj has reached a settlement in its patent litigation with NXP Semiconductors. As part of the agreement, NXP will make a one-time payment of $45 million to Impinj and will also make annual license fee payments.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:23 pm

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) plans to offer $500 million of convertible senior notes due 2031 to qualified institutional buyers, with an option for an additional $75 million. The notes, unsecured and bearing semi-annual interest, may be converted into cash, shares, or a combination. The offering aims to fund further bitcoin acquisitions and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:22 pm

TSE

Trinseo has initiated the sale process for its interest in Americas Styrenics LLC, a joint venture with Chevron Phillips Chemical Company LP. The proceeds from the sale are intended to reduce a portion of the $1.077 billion in term loans due in 2028. The company anticipates a definitive sale arrangement by early 2025.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:17 pm

CR

Crane (NYSE:CR) has seen a 23.13% increase in its short percent of float since the last report, with 778 thousand shares sold short, representing 1.81% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 3.03% 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 | 8:15 pm

ADI

Analog Devices (NYSE:ADI) has seen a decrease in short interest, with the short percent of float falling 3.6% to 1.34% of all shares available for trading. The current short interest stands at 6.63 million shares, requiring approximately 1.77 days for traders to cover their short positions. This decline in short interest may indicate a more bullish sentiment towards ADI among investors, especially when compared to its peers, where the average short interest as a percentage of float is 4.05%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:15 pm

HOOD

Robinhood Markets reported net deposits of $3.6 billion in February, indicating a significant level of user engagement and capital inflow.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:07 pm

HOOD

Robinhood Markets reported a 16% increase in assets under custody at the end of February, reaching $118.7B. Additionally, equity notional trading volumes surged by 36%.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:06 pm

JPM

Analysts have diverse views on JPMorgan Chase (NYSE:JPM), with recent ratings ranging from bullish to bearish. The average 12-month price target for JPM has increased to $207.0, up 6.94% from $193.56. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their reaction to JPMorgan Chase's performance and market conditions. JPMorgan Chase, a major financial institution with nearly $4 trillion in assets, has shown significant revenue growth and financial strength, with a notable ROE and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 8:01 pm