Streetbeat News

Assets

THC

Tenet Healthcare (THC) shares are up following the announcement of a deal to sell three of its hospitals in South Carolina to Novant Health for $2.4 billion in cash.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 5:05 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has delivered an average annual return of 19.06% over the past 5 years, outperforming the market by 7.81% on an annualized basis. A $100 investment in REGN 5 years ago would be worth $237.99 today. The company currently has a market cap of $87.89 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:00 pm

TMO

Thermo Fisher Scientific (NYSE:TMO) has significantly outperformed the market with an average annual return of 19.53% over the past 15 years. An initial investment of $1000 in TMO 15 years ago would be worth $15,674.74 today. The company's current market capitalization stands at $180.05 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 5:00 pm

USO

Oil prices are facing their fourth consecutive weekly loss, with the market shifting to contango, indicating higher future prices. The December oil futures contract is trading at a discount to April 2024, reflecting current oversupply. The bear market has seen a 21% drop in prices since September 2023. The United States Oil Fund (USO) remains flat YTD. OPEC's upcoming meeting on Nov. 26 will address falling prices and global growth concerns. Goldman Sachs predicts a tighter oil market in 2024, with Brent prices likely maintained between $80-$100 by OPEC.

Portfolio Pulse from Piero Cingari

November 17, 2023 | 4:59 pm

MLM

Martin Marietta Materials (NYSE:MLM) has delivered an average annual return of 12.99% over the past 15 years, outperforming the market. A $100 investment in MLM 15 years ago would be worth $733.68 today. The company's market capitalization stands at $28.68 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:30 pm

BTCW

WisdomTree has amended its spot Bitcoin ETF prospectus, indicating ongoing plans to launch an ETF with ticker BTCW, and Coinbase Custody Trust as custodian. Other firms like VanEck have also filed amended applications, while Franklin Templeton and Global X await approval deadlines. Bloomberg analysts expect further SEC delays but maintain a 90% likelihood of a spot Bitcoin ETF approval by January 2024.

Portfolio Pulse from Khyathi Dalal

November 17, 2023 | 4:29 pm

CGC

Canopy Growth Corporation (CGC) has been approved by the Ontario Superior Court of Justice to sell assets of BioSteel Sports Nutrition Inc. under the Companies' Creditors Arrangement Act. The sale includes assets of BioSteel Canada and BioSteel Manufacturing, LLC, which is expected to improve Canopy Growth's balance sheet. CFO Judy Hong stated that ceasing to fund BioSteel has already enhanced the company's financial position, and the sale proceeds will further improve it. Canopy's shares were up 3.2216% at $0.5479 per share.

Portfolio Pulse from Jelena Martinovic

November 17, 2023 | 4:05 pm

CTSH

The article compares Cognizant Tech Solns (CTSH) to its IT Services industry peers, analyzing financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Cognizant, with a lower P/E, P/B, and P/S than the industry average, may be undervalued. However, its ROE, EBITDA, gross profit, and revenue growth are below the industry average, indicating potential profitability and growth challenges. The company's lower debt-to-equity ratio suggests a stronger financial position compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market with an average annual return of 42.33% over the past 5 years. An investment of $1000 in TTD 5 years ago would now be worth $5,816.41. The company currently has a market cap of $32.61 billion.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm

LMT

Lockheed Martin (NYSE:LMT) has delivered an average annual return of 12.04% over the past 20 years, turning a $1000 investment into $9,593.76 today. The company's market capitalization stands at $110.55 billion, with a current stock price of $445.59.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 4:00 pm