Streetbeat News

Assets

MTD

Mettler-Toledo Intl (NYSE:MTD) has delivered an average annual return of 20.89% over the past 15 years, outperforming the market by 9.05% annually. A $1000 investment in MTD 15 years ago would be worth $17,005.52 today. The company's market capitalization stands at $25.39 billion.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:02 pm

DELL

Over the past 5 years, Dell Technologies (NYSE:DELL) has produced an average annual return of 25.23%, outperforming the market by 12.09% on an annualized basis. A $100 investment in DELL 5 years ago would be worth $307.98 today. Dell's market capitalization currently stands at $50.37 billion.

Portfolio Pulse from Benzinga Insights

December 14, 2023 | 2:02 pm

ISUN

iSun, Inc. has closed an $8M senior secured loan with Decathlon Capital Partners to refinance its previous senior secured convertible facility with Anson Investment Master Fund, LP and Anson East Master Fund, LP. The refinancing aims to reduce the dilutive impact of the prior facility. $6M will retire existing convertible notes, $1.5M will bolster working capital, and $0.5M will cover transaction fees.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:48 pm

SCHW

The Charles Schwab Corporation (SCHW) reported its Monthly Activity Report for November 2023, highlighting a total of $21.7 billion in core net new assets from clients, and an increase in total client assets to $8.18 trillion, up 12% year-over-year. Transactional sweep cash rose by $5.0 billion, the largest monthly increase since March 2022. Despite these gains, SCHW anticipates a full-year 2023 revenue decline of 9.5% to 10.0% due to lower transactional cash levels, reduced client trading volumes, and decreased securities lending activity.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 1:47 pm

AAPL

GOOG

MUSQ

SPOT

The MUSQ ETF, which includes major holdings like Apple and Alphabet, remained flat, consolidating from a bull flag pattern. The music industry has shown resilience post-pandemic with live tours and streaming growth. Apple's services division, including Apple Music, saw a revenue increase, while Spotify posted a Q3 earnings beat. Universal Music Group, another MUSQ holding, is exploring AI's potential in music with YouTube. Alphabet has seen a 44% stock increase over the past year. MUSQ offers broad exposure to the music industry, including AI.

Portfolio Pulse from Melanie Schaffer

December 14, 2023 | 12:44 pm

USO

The International Energy Agency (IEA) forecasts a slowdown in oil demand through 2024, contrasting with OPEC+'s more optimistic outlook. The IEA cites a 'decidedly bearish' market sentiment and predicts a reduction in oil consumption growth next year due to weaker global economic performance and diminishing Covid-19 impacts. This comes as the COP28 climate summit pushes for a transition from fossil fuels. The United States Oil Fund (USO) saw a pre-market drop of 0.2% following a 3.8% loss, reflecting the pressure on oil prices.

Portfolio Pulse from Benzinga Neuro

December 14, 2023 | 12:12 pm

CNRCF

Canter Resources Corp. (OTC:CNRCF) has received approval for water permits from the Nevada Division of Water Rights, allowing the appropriation of 2,235.64 acre-feet of groundwater annually for its Columbus Lithium-Boron Project in Nevada. This development is crucial for the project's advancement, especially given the region's water access challenges. Lithium is a key component in EV batteries, and the demand for it is growing with the rise of sustainable transportation. Canter Resources plans to begin Phase 1 drilling in the first quarter of 2024.

Portfolio Pulse from Melanie Schaffer

December 14, 2023 | 12:00 pm

VGZ

WPM

Vista Gold Corp. has entered into a Royalty Agreement with Wheaton Precious Metals Corp., granting Wheaton a 1% royalty on gross revenue from the Mt Todd gold project in exchange for $20 million. The funds will be used to advance the project and for general corporate purposes. The deal is pending approval from the Australian government's FIRB, and Wheaton has a Right of First Refusal on future royalties or streams from Mt Todd.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:42 am

DWAC

Digital World Acquisition Corp (DWAC) has experienced terminations of approximately $484.5 million of its private investment in public equity (PIPE). Management is working to unwind the remaining balance of the PIPE as reported in an 8-K filing.

Portfolio Pulse from Charles Gross

December 14, 2023 | 11:13 am

ALK

Alaska Air Group plans to reduce its capital expenditures to about $1.4B to $1.5B for the year 2024. This move indicates a strategic adjustment in spending, potentially to improve financial stability or redirect resources.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 11:12 am