Streetbeat News

Assets

NNBR

NN, Inc. (NASDAQ:NNBR) announced a balance sheet optimization plan involving the sale and leaseback of three facilities for $16.8 million, aimed at repaying part of its term loan to reduce cash interest expenses. Additionally, NN reduced its corporate headquarters' footprint to lower operating costs. These steps are part of a 2024 plan to decrease capital costs and prepare for future refinancing. The transactions will not affect NN's EBITDA, employees, or customers.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:31 pm

MMC

Marsh & McLennan (NYSE:MMC) has delivered an average annual return of 15.32% over the past 10 years, outperforming the market by 4.62%. A $100 investment in MMC a decade ago would now be worth $416.38. The company's current market capitalization stands at $100.86 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:30 pm

HD

Over the past 15 years, Home Depot (NYSE:HD) has outperformed the market with an average annual return of 21.49%, turning a $1000 investment into $18,027.52. The company's market capitalization currently stands at $371.58 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:30 pm

GDX

GLD

Gold prices surged to a new all-time high, marking the longest winning streak since July 2000, driven by expectations of imminent interest rate cuts. The VanEck Gold Miners ETF (GDX) saw a 9% increase this week, while the SPDR Gold Trust (GLD) also hit record highs. Federal Reserve Chair Jerome Powell's remarks and economic data have fueled speculations of rate cuts, positively impacting gold prices.

Portfolio Pulse from Piero Cingari

March 08, 2024 | 9:26 pm

AAPL

JPM

MSFT

NFLX

NVDA

NYCB

The U.S. stock market reached record highs, influenced by Federal Reserve Chair Jerome Powell's hints at potential rate cuts. Nvidia's market cap hit $1 trillion rapidly, highlighting its growth in AI and semiconductors. New York Community Bancorp secured a $1-billion equity investment, causing dilution for current shareholders. Microsoft faced a security breach by Russian hackers. JPMorgan's AI tool significantly improved banking efficiency. Apple invested $1 billion in filmmaking to boost its streaming service, and Netflix ventured into live sports with a high-profile boxing match.

Portfolio Pulse from Piero Cingari

March 08, 2024 | 9:19 pm

ENTX

Entera Bio reported a narrower FY23 EPS loss of $(0.31) compared to $(0.41) YoY, with a decrease in operating expenses and net loss. The company has $11.0M in cash, expected to last through Q2 2025. R&D expenses fell to $4.5M from $5.8M, while G&A expenses dropped to $4.4M from $7.3M, contributing to a reduced net loss of $8.9M from $13.1M.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:17 pm

ABT

Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 11.92%, outperforming the market by 1.21% annually. A $100 investment in ABT a decade ago would now be worth $305.07. The company currently has a market capitalization of $209.96 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:00 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has delivered an average annual return of 16.47% over the past 10 years, outperforming the market by 5.75% on an annualized basis. With a current market capitalization of $32.78 billion, an initial investment of $1000 in ACGL stock 10 years ago would now be worth $4,579.50.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 9:00 pm

CAG

Conagra Brands (NYSE:CAG) has seen a 13.04% decrease in short interest, now at 8.39 million shares or 2.0% of float, indicating a bullish sentiment. With a peer average of 5.24% in short interest, CAG stands below its peers, suggesting less bearish sentiment among investors towards it. Short interest is a key indicator of market sentiment, and a decrease often signals increasing bullishness.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm

HRL

Hormel Foods (NYSE:HRL) has seen a 12.61% decrease in short interest, now at 11.37 million shares or 2.08% of float, taking 3.56 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards HRL compared to its peers, where the average short interest is 5.23% of float.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 8:45 pm