Streetbeat News

Assets

COSM

Cosmos Health's total stockholders' equity increased by approximately $5 million to $44.2 million from $39.3 million in December 2022. The company's total assets also reached a record $71.5 million, resulting in a Stockholders' Equity to Assets ratio of over 60%, reflecting a conservative financing approach.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 2:05 pm

ROST

Ross Stores (NASDAQ:ROST) has delivered an average annual return of 11.89% over the past 20 years, outperforming the market. A $100 investment in ROST 20 years ago would be worth $945.60 today. The company's current market capitalization stands at $43.85 billion.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 2:00 pm

HRST

LLY

MASI

MDGL

NVO

PFE

Tema has launched the Tema Cardiovascular and Metabolics ETF (HRST) focusing on companies like Novo Nordisk (NVO), which makes Ozempic, and Eli Lilly (LLY), maker of Mounjaro. Semaglutides, including Ozempic and Mounjaro, have shown significant weight loss and organ protection benefits. NVO's stock has surged 281% since Ozempic's 2019 launch, while LLY's shares jumped nearly 80% post-Mounjaro's 2022 launch. In contrast, Pfizer (PFE), without a semaglutide, has seen a 51% decline since December 2021. HRST aims to capitalize on the lucrative cardiovascular and obesity treatment market, also including companies like Masimo (MASI) and Madrigal Pharmaceuticals (MDGL).

Portfolio Pulse from Neil Dennis

November 21, 2023 | 1:55 pm

PNC

PNC Financial Services Group's (NYSE:PNC) short interest has decreased by 6.21% since the last report, with 5.40 million shares sold short, representing 1.36% of available shares. It would take about 2.11 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. PNC has a higher short interest than its peer group average of 0.78%.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 1:15 pm

CRH

MLM

Martin Marietta Materials, Inc (MLM) has agreed to sell its South Texas cement business and related operations to CRH Americas Materials, Inc, a subsidiary of CRH plc (CRH), for $2.1 billion in cash. The divested assets, which include the Hunter cement plant and 20 concrete plants, are expected to generate a pro-forma 2023 EBITDA of about $170 million. The deal is anticipated to close in the first half of 2024, pending regulatory approvals. MLM plans to use the proceeds to further its SOAR 2025 growth objectives. MLM's stock closed down 1.48% at $455.21 on Monday.

Portfolio Pulse from Shivani Kumaresan

November 21, 2023 | 11:41 am

PCRFY

TSLA

Tesla Motors Canada and Panasonic have been granted a U.S. Patent (#11824160) for battery systems based on two-additive electrolyte systems that include 2-furanone. The patent also covers the method of the formation process of these battery systems.

Portfolio Pulse from Charles Gross

November 21, 2023 | 10:41 am

BTC-USD

ETH-USD

SOL-USD

Kaspa (CRYPTO: KAS), a layer-1 blockchain token, has surged by 2500% year-to-date, outperforming Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The rise followed Binance's announcement of listing KAS for perpetual trading. Cryptocurrency analyst CrediBULL Crypto predicts Kaspa will break into the top 20 coins by market cap, citing 'one of the cleanest charts I've seen in years.'

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 10:13 am

BK

Lunate and BNY Mellon (NYSE:BK) have partnered to create Alpheya, a new company that will provide a wealth management technology platform for the MENA region. Alpheya, based in Abu Dhabi Global Market, is backed by a $300 million capital commitment and will begin serving clients in 2024. BNY Mellon holds a minority stake in Alpheya.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:12 am

MLM

Martin Marietta has agreed to sell its South Texas Cement business and some related concrete operations to CRH for $2.1 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:18 am

AL

Air Lease Corporation (NYSE:AL) has priced an offering of C$500 million in 5.400% senior unsecured medium-term notes due on June 1, 2028. The notes will pay semi-annual interest and the sale is expected to close on November 29, 2023. The proceeds are intended for general corporate purposes, including aircraft purchases and debt repayment.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:33 am