Streetbeat News

Assets

VEEV

Veeva Systems (NYSE:VEEV) has delivered an average annual return of 14.8% over the past 5 years, outperforming the market by 3.2% annually. A $100 investment in VEEV 5 years ago would be worth $200.22 today. Veeva Sys has a current market cap of $28.96 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

BTI

British American Tobacco PLC (NYSE:BTI) shares dropped approximately 9% following a pre-close trading update. The company expects to record a non-cash impairment charge of about £25 billion ($31.50 billion) related to certain U.S. cigarette brands. BAT plans to start amortizing the remaining value of its U.S. combustibles brands from January 2024. Despite challenges in the U.S. market, including macroeconomic pressures and illicit modern disposables, BAT's global volume share in combustibles is flat YTD 2023, with a slight decrease in value share. The company remains on track for 100% operating cash flow conversion in 2023 and aims to be within its targeted leverage range. BAT anticipates organic revenue growth at the lower end of its 3%-5% guidance for 2023 and projects an improvement to 3%-5% revenue growth by 2026, with a goal of 50% revenue from non-combustible products by 2035.

Portfolio Pulse from Lekha Gupta

December 06, 2023 | 3:49 pm

SPY

UNG

USO

USA gasoline inventories saw a significant increase with a build of 5.421 million barrels, surpassing the estimated build of 1.027 million barrels and the prior build of 1.764 million barrels. This unexpected rise in gasoline inventories could suggest lower demand or higher production levels, potentially impacting energy sector stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:31 pm

SPY

The EIA reported a weekly build in distillates stocks of 1.267 million barrels, compared to the estimated build of 1.526 million barrels and the prior week's build of 5.217 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:31 pm

SPY

USA crude oil inventories experienced a significant draw of 4.632 million barrels, surpassing the estimated draw of 1.354 million barrels and contrasting with the prior build of 1.609 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:30 pm

BLK

Over the past 15 years, BlackRock (NYSE:BLK) has produced an average annual return of 13.12%, outperforming the market. A $100 investment in BLK 15 years ago would be worth $568.38 today. BlackRock's market capitalization currently stands at $112.22 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:30 pm

USO

Saudi Finance Minister announced that Saudi Arabia, along with its OPEC+ partners, has made a significant reduction in oil production, which will impact the country's revenues.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:16 pm

EWC

The Bank of Canada has maintained its interest rate at 5.00%, which is in line with market expectations and unchanged from the previous rate.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:01 pm

SOLUSD

Solana's (CRYPTO: SOL) price has increased by 3.81% in the last 24 hours, reaching $62.8, continuing a positive trend with a 4.0% gain over the past week. The coin's all-time high is $259.96. Trading volume for Solana has surged by 90.0% over the past week, and the circulating supply has risen by 0.43%, now at 425.47 million. Solana's market cap is currently ranked #6, valued at $26.76 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:00 pm

CRSP

CRISPR Therapeutics (NASDAQ:CRSP) has delivered an average annual return of 14.74% over the past 5 years, outperforming the market by 3.11% on an annualized basis. A $1000 investment in CRSP 5 years ago would now be worth $2,011.90. The company's current market capitalization stands at $5.66 billion.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 3:00 pm