Streetbeat News

Assets

ISRG

Over the past 5 years, Intuitive Surgical (NASDAQ:ISRG) has produced an average annual return of 15.89%, outperforming the market. A $1000 investment in ISRG 5 years ago would be worth $2,090.24 today. Intuitive Surgical currently has a market cap of $131.90 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:00 pm

CISS

C3is Inc. (NASDAQ:CISS), a dry bulk and crude oil tanker transportation company, has upsized its underwritten public offering to $7 million from $6 million, offering 28 million Common Units or Pre-Funded Units at $0.25 and $0.24 respectively. The offering includes Class B-1 and B-2 Warrants with exercise prices of $0.375 and $0.425. Proceeds will go towards capital expenditures, including payment for an Aframax tanker, or for acquiring additional vessels, working capital, and other corporate purposes. The offering is set to close on January 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 1:57 pm

OAK-A

Howard Marks, co-founder of Oaktree Capital Management, has expressed skepticism about the intrinsic value of Bitcoin and gold, suggesting that high-yield bonds are a safer investment in the current post-easy money era. Marks believes that with the unlikely return to 0% interest rates, fixed income securities offer more substantial and safer yields. His views align with his previous warnings about the dangers of a low-interest-rate environment and the Federal Reserve's 'activist' approach.

Portfolio Pulse from Benzinga Neuro

January 19, 2024 | 1:29 pm

BX

Analysts have provided mixed ratings for Blackstone (NYSE:BX) over the past three months, with a recent positive shift in the 12-month price target, now averaging $130.00. Citigroup, TD Cowen, Goldman Sachs, and Piper Sandler have all provided updates, with Piper Sandler giving an 'Overweight' rating and the highest price target of $150.00. Blackstone, a leading alternative asset manager with $1.001 trillion AUM, has shown strong revenue growth but faces challenges in net margin, ROA, and debt management.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:00 pm

ALLY

SYF

Synchrony Financial is set to acquire Ally Financial's point of sale financing business, including $2.2 billion of loan receivables. Ally anticipates the sale will boost its CET1 ratio by about 15 basis points. The transaction is expected to close in Q1 of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:38 pm

VERO

Venus Concept has disclosed the issuance of convertible notes worth $2.0 million. These notes can be converted into shares of the company at a later date, which could potentially dilute the current shareholders' equity.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 12:33 pm

SAVE

Spirit Airlines reported having $1.3 billion in liquidity as of December 31, 2023, which includes unrestricted cash, cash equivalents, and short-term investment securities. The company is currently exploring options to refinance its debt maturing in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:59 am

ASIX

AdvanSix reported an operational disruption at its Frankford manufacturing site, leading to reduced production of phenol and acetone. The disruption is process-based, affecting the output at this particular facility.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:55 am

WGO

Winnebago Industries has priced a $300 million offering of 3.250% convertible senior notes due in 2030. The interest is payable semi-annually, with the first payment starting July 15, 2024. The notes are aimed at refinancing maturing debts from 2025 and are convertible under certain conditions until July 15, 2029, and anytime thereafter until just before the maturity date.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:06 am

RY

Royal Bank of Canada (RY) is issuing 750 thousand Preferred Shares Series BU at $1,000 each to raise $750 million. The shares will have an annual yield of 7.408%, payable semi-annually until February 24, 2029. Post that, the dividend rate will reset every five years to a rate 3.90% above the 5-year Government of Canada bond yield.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:41 am