Streetbeat News

Assets

PXD

Over the past 15 years, Pioneer Natural Resources (NYSE:PXD) has produced an average annual return of 18.66%, outperforming the market. A $100 investment in PXD 15 years ago would be worth $1,272.92 today. The company's current market capitalization is $52.13 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm

BLK

Analysts have diverse opinions on BlackRock (NYSE:BLK) with 7 recent ratings ranging from bullish to indifferent. The 12-month price targets show an average of $804.0, a high of $897.00, and a low of $708.00, indicating an 8.09% increase from the previous average. BlackRock, the world's largest asset manager with $9.101 trillion AUM, has a diverse product mix and global client base. Financially, it has a high market cap, positive revenue growth, strong net margin, but lags in ROE and ROA compared to industry averages, and has a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm

IMXUSD

Immutable's cryptocurrency (IMX) has seen a 4.64% increase in price over the last 24 hours, reaching $1.97, despite a 5.0% decline over the past week from $2.05. The all-time high for IMX is $9.52. Trading volume has decreased by 32.0%, and the circulating supply has dropped by 1.33%, with a current market cap ranking of #37 at $2.59 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 7:00 pm

KITT

Nauticus Robotics' stock price is on the rise following the announcement that the company has obtained additional funding.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:50 pm

MULN

Mullen Automotive, Inc. (NASDAQ:MULN) has submitted a pre-application for a Department of Energy loan to support its expansion into domestic battery manufacturing. The company plans to produce 150,000 battery packs by 2032 and is committed to transitioning EV and component manufacturing to the U.S. The loan will also support capital investment in Mullen's new facility in California. MULN shares dropped 3.07% to $13.88.

Portfolio Pulse from Nabaparna Bhattacharya

January 10, 2024 | 6:32 pm

APO

Apollo Global Management (NYSE:APO) has delivered an impressive annualized return of 28.6% over the past 5 years, outperforming the market by 15.81%. A $1000 investment in APO five years ago would be worth $3,591.66 today. The company's market capitalization stands at $54.29 billion.

Portfolio Pulse from Benzinga Insights

January 10, 2024 | 6:30 pm

ARKK

Cathie Wood, on Bloomberg TV, discussed the unique nature of her ETF, mentioning ongoing talks with pension funds and treasurers. She tempered expectations by noting that success wouldn't be immediate as these institutions begin their due diligence processes.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:20 pm

FINV

LX

Yixin Group Ltd. is selling its 49% stake in a joint venture with Qingdao Caitong Group to focus on its core auto financing business in China, particularly benefiting from the EV boom. Despite a challenging Chinese car market, Yixin's auto financing grew 30% year-on-year in Q3 2023. The company's diversification efforts remain within the auto industry, such as a SaaS platform for auto financing-related technology. Yixin's shares saw a brief rally after the announcement, indicating investor confidence. Other Chinese online lenders like FinVolution and LexinFintech also have low P/S ratios, reflecting a depressed valuation in the sector.

Portfolio Pulse from The Bamboo Works

January 10, 2024 | 6:13 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) showed slight gains on Wednesday, continuing its consolidation after Monday's significant rise. The market is anticipating key US consumer inflation data set to be released on Thursday, which could significantly impact the direction of SPY. Traders looking to take short-term positions based on the upcoming data may use the Direxion Daily S&P 500 Bull 3X Shares (SPXL) for a bullish stance or the Direxion Daily S&P 500 Bear 3X Shares (SPXS) for a bearish approach. Both SPXL and SPXS are triple-leveraged ETFs tracking SPY's movements. The article suggests that SPXL is showing a bullish pattern but warns of a potential new downtrend if negative market reactions occur after the inflation data release.

Portfolio Pulse from Melanie Schaffer

January 10, 2024 | 6:10 pm