Streetbeat News

Assets

AEP

American Electric Power (AEP) has agreed to sell its 50% stake in New Mexico Renewable Development (NMRD) to Exus North America for approximately $115 million. The deal includes a portfolio of 15 solar projects totaling 625 MW. AEP's expected net proceeds are about $104 million after taxes and fees. The sale, also involving PNM Resources' 50% stake for a total of $230 million, is set to close in February 2024 and is not anticipated to materially impact AEP's financial results.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 11:34 am

SSNLF

TSM

Samsung Electronics Co has postponed mass production at its new $17 billion chip plant in Taylor, Texas, from the second half of 2024 to 2025, impacting U.S. semiconductor production goals. Similarly, Taiwan Semiconductor Manufacturing Co (TSMC) has delayed production at its Arizona fab to 2025. These delays come amidst a shortage of experienced workers and challenges such as environmental permit issues and slow financial support from the U.S. government, which has only granted $35 million of the promised $100 billion for semiconductor plants.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 11:21 am

ETH-USD

USDT-USD

Tether Treasury has minted an additional 1 billion USDT tokens on the Ethereum network for inventory replenishment, as announced by CEO Paolo Ardoino. This action is not an immediate market injection but a preparation for future issuance requests and chain swaps. The minting of new tokens is a common practice for Tether to ensure liquidity and meet transactional demands as they arise.

Portfolio Pulse from Mehab Qureshi

December 26, 2023 | 10:12 am

ARKF

ARKK

ARKW

COIN

SHOP

SQ

YAHOY

Cathie Wood's Ark Invest has resumed investing in LY Corp (OTC:YAHOY), the operator of Yahoo! Japan, after a hiatus of over a year. Ark Fintech Innovation ETF (NYSE:ARKF) purchased approximately 1.71 million shares of LY Corp. Despite a recent data breach, LY Corp's stock has been rising due to strong quarterly results. ARKF's primary holdings include Coinbase (NASDAQ:COIN), Block Inc (NYSE:SQ), and Shopify Inc (NYSE:SHOP). Ark Invest also sold Coinbase shares and bought Tesla shares through ARK Innovation ETF (NYSE:ARKK) and ARK Next Generation Internet ETF (NYSE:ARKW), signaling a strategic shift by Wood amidst market volatility.

Portfolio Pulse from Benzinga Neuro

December 26, 2023 | 5:20 am

BTCUSD

DOGEUSD

ETHUSD

ORDIUSD

SANDUSD

On Christmas, major cryptocurrencies traded mixed, with Bitcoin slightly up, Ethereum down, and Dogecoin up. Over $80 million in shorts were liquidated, with Solana experiencing the most short liquidations. The global crypto market cap increased by 0.55% to $1.69 trillion. Analysts predict a potential 2x increase in altcoin market cap in Q1 and suggest Bitcoin is primed for growth, targeting over $50,000. U.S. stock markets were closed for the holiday.

Portfolio Pulse from Mehab Qureshi

December 26, 2023 | 5:17 am

RCL

Over the past 15 years, Royal Caribbean Gr (NYSE:RCL) has produced an average annual return of 16.28%, outperforming the market. A $1000 investment in RCL 15 years ago would be worth $10,457.59 today. The company's current market capitalization stands at $32.75 billion.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 9:30 pm

FISV

$100 invested in Fiserv (NYSE: FISV) 10 years ago would be worth $455.07 today, reflecting an average annual return of 16.3%. Fiserv has outperformed the market with a current market cap of $80.19 billion.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 9:30 pm

RMD

Over the past 15 years, ResMed (NYSE:RMD) has delivered an average annual return of 16.13%, outperforming the market. A $1000 investment in RMD 15 years ago would now be worth $9,686.35. ResMed's market capitalization currently stands at $25.21 billion.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 9:00 pm

LULU

Over the past 5 years, Lululemon Athletica (NASDAQ:LULU) has produced an average annual return of 33.25%, outperforming the market by 19.41%. A $100 investment in LULU 5 years ago would be worth $413.49 today. Lululemon Athletica's market capitalization currently stands at $64.45 billion.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 9:00 pm

ASML

Over the past 15 years, ASML Holding (NASDAQ:ASML) has produced an average annual return of 26.09%, outperforming the market. A $1000 investment in ASML stock 15 years ago would be worth $33,728.06 today. ASML Holding currently has a market capitalization of $296.94 billion. The article highlights the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 8:30 pm