Streetbeat News

Assets

AAL

DAL

EL

HLT

LULU

LUXX

MAR

MGM

UAL

WYNN

China's overseas travel has not fully recovered post-pandemic, with outbound airline capacity at 60% of 2019 levels. This has resulted in a $129 billion reduction in global tourism revenue. U.S. flights to Asia are also affected by the inability to fly over Russia. Bank of America analysts predict a strong recovery in 2024 for Chinese international travel. Delta Air Lines beat Q4 forecasts but trimmed its 2024 outlook, while American Airlines, United Airlines, and other airline stocks saw declines in January. Hotel groups like MGM Resorts, Marriott International, and Hilton Hotels have fared better, with some stocks hitting new highs. Luxury goods are impacted, with the Roundhill S&P Global Luxury ETF and companies like Estee Lauder and Lululemon experiencing declines.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 8:26 pm

BTCUSD

JPM

USDTUSD

Chainalysis reports that 99.6% of cryptocurrency transactions in 2023 were legal, with illicit transactions dropping to 0.34% of total volume. The $24.2 billion sent to illicit addresses in 2023 is a decrease from $39.6 billion in 2022. JPMorgan CEO Jamie Dimon's claims about cryptocurrency's use in illegal activities are contradicted by the report. Bitcoin's use in crime has declined, with stablecoins like Tether now more prevalent in illicit transactions.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 8:00 pm

ABT

Over the past decade, Abbott Laboratories (NYSE:ABT) has delivered an average annual return of 11.83%, outperforming the market. A $100 investment in ABT 10 years ago would be worth $300.72 today. Abbott Laboratories currently holds a market cap of $197.62 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 8:00 pm

ALK

BA

GE

GE Aerospace is assisting in the investigation of an engine failure on a Boeing 747-8 cargo plane, operated by Atlas Air, which made an emergency landing at Miami International Airport. The incident involved one of the four GEnx-2B engines manufactured by GE Aerospace. Both the Federal Aviation Authority and the National Transportation Safety Board are involved in the investigation. This follows another recent incident involving Boeing, which has impacted the company's reputation.

Portfolio Pulse from Neil Dennis

January 19, 2024 | 7:51 pm

YUMC

Yum China Holdings (NYSE:YUMC) has seen a decrease in short interest, with the short percent of float dropping 3.09% since the last report. The company has 7.65 million shares sold short, which is 1.88% of available shares for trading. The current short interest is lower than the peer group average of 8.70%. A decrease in short interest can indicate a more bullish sentiment towards the stock, but it does not necessarily predict a near-term price rise.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:45 pm

TJX

Over the past 20 years, TJX Companies (NYSE:TJX) has produced an average annual return of 15.08%, outperforming the market by 7.64% on an annualized basis. A $1000 investment in TJX stock 20 years ago would be worth $16,481.03 today. The company's current market capitalization stands at $107.98 billion. The article highlights the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:30 pm

GD

Over the past 20 years, General Dynamics (NYSE:GD) has produced an average annual return of 8.78%, outperforming the market by 1.33% annually. A $1000 investment in GD 20 years ago would be worth $5,312.33 today. General Dynamics currently has a market cap of $68.67 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:30 pm

AAPL

AMZN

GOOG

GOOGL

IVV

META

MSFT

NVDA

SPY

TSLA

VOO

The S&P 500 Index reached a new all-time high, driven by tech stocks' performance, lower inflation, and hopes for Fed rate cuts. SPDR S&P 500 ETF (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard S&P 500 ETF (VOO) also hit record highs. The 'Magnificent Seven' tech companies, including AAPL, MSFT, GOOG, GOOGL, AMZN, META, NVDA, and TSLA, have seen a combined surge of 110%. The market anticipates up to six rate cuts by December 2023.

Portfolio Pulse from Piero Cingari

January 19, 2024 | 7:12 pm

ADBE

Adobe (NASDAQ:ADBE) has significantly outperformed the market with an average annual return of 25.72% over the past 10 years. An investment of $100 in ADBE a decade ago would be worth $971.90 today. Adobe's market capitalization stands at $271.35 billion, reflecting its strong performance and growth.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:01 pm

MU

Over the past 10 years, Micron Technology (NASDAQ:MU) has produced an average annual return of 13.98%, outperforming the market. A $100 investment in MU a decade ago would be worth $369.96 today. Micron's market cap stands at $94.95 billion, reflecting its growth and investor returns over time. The key takeaway is the significant impact of compounded returns on investment growth over long periods.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 7:01 pm