Streetbeat News

Assets

KMI

NEP

Kinder Morgan (KMI) is set to acquire South Texas assets, STX Midstream, from NextEra Energy Partners for $1.815 billion. KMI expects the investment to be accretive to its shareholders, with the purchase price representing a 2024 EBITDA multiple of 8.6 times and a long-term investment-to-EBITDA multiple of approximately 7.0-7.5 times.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:45 pm

STEP

StepStone Group Inc. (NASDAQ:STEP) has announced the appointment of David Y. Park as Chief Financial Officer (CFO), effective from January 1, 2024. Park will succeed Johnny Randel, who is retiring at the end of 2023. Park, currently the Chief Accounting Officer, joined StepStone in 2019 and has played a key role in guiding the company through its initial public offering in September 2020.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:37 pm

SYT

SYLA Technologies (NASDAQ:SYT) has announced a definitive agreement for a business transfer from ietty Inc., a Japanese real estate portal website management and rental brokerage business. The transfer, effective from November 1, 2023, will allow SYLA to integrate ietty's AI and chatbot technologies into its real estate services. This move is expected to enhance SYLA's real estate services, boost occupancy rates of its condominiums, and create new profit-earning opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:36 pm

MCB

Metropolitan Bank Holding Corp. (MCB) has promoted Daniel F. Dougherty to Executive Vice President and Chief Financial Officer, effective from November 6, 2023. Dougherty, who joined the bank in July 2022 as First Vice President and Treasurer, will replace Greg Sigrist following his resignation on October 31, 2023. In his new role, Dougherty will oversee treasury, investor relations, tax, capital planning, accounting, and financial reporting.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:33 pm

FMX

Fomento Economico (NYSE:FMX) has outperformed the market over the past 20 years, producing an average annual return of 12.07%. If an investor had bought $1000 of FMX stock 20 years ago, it would be worth $9,909.22 today. The company currently has a market capitalization of $216.41 billion.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 9:30 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years, producing an average annual return of 9.92%. If an investor had bought $1000 of OKE stock 20 years ago, it would be worth $6,604.88 today.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 9:30 pm

CRSP

CRISPR Therapeutics reported a cash position of $1,739.8M as of September 30.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:28 pm

RCKT

Rocket Pharmaceuticals has announced that its cash equivalents and investments of $437.2 million are sufficient to fund its operations through 2025.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:16 pm

EZGO

Jianhui Ye has reported a 6.77% stake in EZGO Technologies as of November 2, 2023, according to a 13D filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:16 pm

EIS

IZRL

QQQ

SPY

U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are discussing potential humanitarian ceasefires in the ongoing Israel-Hamas conflict. The U.S. does not support a permanent ceasefire as it would benefit Hamas. The Israeli shekel is appreciating, and Israeli-related stocks are showing mixed performance. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) showed marginal increases, while the ARK Israel Innovative Technology ETF (NYSE:IZRL) declined and the iShares MSCI Israel ETF (NYSE:EIS) increased.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 9:01 pm