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Assets

DHR

Over the past 10 years, Danaher (NYSE:DHR) has produced an average annual return of 17.37%, outperforming the market by 6.95%. A $1000 investment in DHR a decade ago would be worth $5,011.61 today. Danaher's market capitalization currently stands at $188.25 billion.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:00 pm

SPY

USA Wholesale Inventories experienced a month-on-month decrease of 0.1%, contrasting with the estimated increase of 0.1% and the prior month's increase of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:36 pm

VTOL

Bristow Group Inc. (NYSE:VTOL) has announced the purchase of 10 new AW189 helicopters from Leonardo, with an option for 10 more, to enhance its fleet for offshore transport and search and rescue missions. This strategic expansion aims to meet customer demand, improve profitability through EBITDA growth, and support sustainability initiatives with aircraft that offer lower CO2 emissions and the capability to operate on Sustainable Aviation Fuels. Deliveries are scheduled from 2025 to 2028, adding to Bristow's existing fleet of 21 AW189s. The company also highlighted a 10-year maintenance support agreement with Leonardo for lower maintenance costs and more predictable cash flows.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:34 pm

ESQ

Esquire Financial Holdings, Inc. (NASDAQ:ESQ), the parent company of Esquire Bank, announced its plans to open a new branch in Los Angeles, California, aiming to enhance its services for law firms and capitalize on the litigation and payment processing markets. The expansion is part of Esquire's strategic plan, supported by recent senior Business Development Officer hires, a CRM database, and a digital marketing platform, pending regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:33 pm

SPY

The USA GDP Price Index for Q4 showed a 1.7% increase, surpassing the estimated 1.5% and showing a decrease from the prior 3.3%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:31 pm

SPY

Retail inventories excluding automobiles for January increased by 0.3%, slightly below the previous month's increase of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:31 pm

SPY

The USA Goods Trade Balance for January reported a deficit of $90.20 billion, compared to the estimated $88.40 billion and the previous $88.46 billion.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:30 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has announced a doubling of its commitment to the Cultivate Next venture fund, increasing its investment by $50 million to a total of $100 million. The fund, introduced in 2022, focuses on early-stage investments in supply chain, agriculture, restaurant innovation, automation, and other areas aligned with Chipotle's mission. The additional funding will expand the portfolio, which includes investments in Local Line, GreenField Robotics, Nitricity, Vebu, Hyphen, Meati Foods, and Zero Acre Farms. These investments aim to support Chipotle's growth plans and mission to Cultivate a Better World.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:26 pm

NAMS

NewAmsterdam Pharma (NAMS) reported a significant increase in its full-year 2023 net loss to $176.9 million, or $2.15 per share, from $11.5 million, or $1.19 per share in 2022. Revenue plummeted to $14.1 million from $102.7 million YoY, mainly due to a one-time payment from Menarini in 2022. The company's cash position also declined to $340.5 million from $467.7 million, attributed to increased R&D and SG&A expenses, despite a milestone payment from Menarini and cash from warrants and options.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:14 pm

XHB

ZQ

Zillow Group Inc. (NASDAQ:ZQ) forecasts a 4.2% increase in U.S. home prices from Jan 2024 to Jan 2025, despite economic challenges and high interest rates. The SPDR Homebuilders ETF (NYSE:XHB) has seen a nearly 50% surge since late October 2023. Housing market resilience is attributed to limited supply, with housing starts dropping by 14.8% in January 2024. Zillow's data indicates varied regional performance, with some cities expected to see significant growth and others facing declines.

Portfolio Pulse from Piero Cingari

February 28, 2024 | 1:11 pm