Streetbeat News

Assets

DIS

Hugh F. Johnston has been appointed as the Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company (NYSE:DIS), effective from December 4. Johnston, currently Vice Chairman and CFO of PepsiCo, will report directly to Disney's CEO, Robert A. Iger, and lead the company's worldwide finance organization. Johnston's responsibilities at PepsiCo included providing strategic financial leadership and ensuring the company's strategy creates shareholder value.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 2:01 pm

CNI

Canadian National Railway (NYSE:CNI) has outperformed the market over the past 20 years, producing an average annual return of 12.73%. If an investor had bought $100 of CNI stock 20 years ago, it would be worth $1,108.82 today.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 2:00 pm

APO

Apollo Global Management (NYSE:APO) has outperformed the market over the past 10 years by 1.8% on an annualized basis, producing an average annual return of 11.22%. If an investor had bought $1000 of APO stock 10 years ago, it would be worth $2,823.98 today.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 2:00 pm

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has signed a definitive agreement to charter the Floating Storage and Regasification Unit (FSRU) Energos Winter from Petrobras. The FSRU will be deployed to NFE's newest LNG import terminal in Santa Catarina, Brazil, which will start operations in January 2024, ahead of schedule. The Energos Winter is owned 80% by funds managed by Apollo and 20% by NFE.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:43 pm

AREN

The Arena Group Holdings, Inc. (NYSE:AREN) has announced a definitive agreement to combine with Bridge Media Networks, a subsidiary of Simplify Inventions, LLC. As part of the deal, 5-Hour International Corporation Pte. Ltd. and The Hans Foundation, USA will purchase $25 million of common and preferred stock respectively of the combined company, New Arena. The transaction is expected to expand The Arena Group's reach and capabilities, provide growth capital, reduce its debt, and extend the terms on its existing debt facilities. The deal is expected to close in Q4 2023 or Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:40 pm

OSK

Oshkosh Defense has received a $208M order for Joint Light Tactical Vehicles (JLTV) from the U.S. Army, U.S. Marine Corps, and U.S. Air Force. This order is expected to boost the company's revenues and profitability.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:32 pm

FEZ

GLD

JD

PDD

The ongoing Israel-Hamas conflict continues to impact the Middle East and global markets. Israeli forces have encircled Gaza City and struck over 450 Hamas targets. U.S. Secretary of State Antony Blinken is undertaking diplomatic efforts in the region. The Israeli shekel strengthened against the dollar, oil prices rose, and gold prices fell. European equities eased slightly, while futures on the S&P 500 and the Nasdaq 100 Indices were up. Chinese-related stocks PDD Holdings Inc. and JD.Com Inc. performed well in premarket trading.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 1:32 pm

POST

Post Holdings, Inc. (NYSE:POST) announced that its President and CEO, Robert V. Vitale, will be taking an unexpected medical leave of absence. The company's Board of Directors has named Jeff A. Zadoks, currently Post's Executive Vice President and Chief Operating Officer, as interim CEO during Vitale's absence.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:22 pm

KROS

Keros Therapeutics reported Q3 losses of $(1.33) per share, beating the analyst consensus estimate of $(1.35) by 1.48 percent. This is a 44.57 percent increase in losses from the same period last year. The company's cash and cash equivalents of $287.9M are expected to fund its operating expenses and capital expenditure requirements into Q4 of 2025.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:10 pm

AULT

FATH

SAVE

SXI

TWIN

The article lists five industrial stocks that are considered oversold and may present buying opportunities in Q4. These include Fathom Digital Manufacturing Corporation (FATH), Spirit Airlines (SAVE), Ault Alliance (AULT), Standex International Corporation (SXI), and Twin Disc (TWIN). The companies have been selected based on their Relative Strength Index (RSI) values, which are all near or below 30, indicating they may be undervalued.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 12:27 pm