Streetbeat News

Assets

GLD

Central banks worldwide have increased their net purchases of gold by 14% compared to 2022, while the demand for jewelry has dipped by 2%. The People’s Bank of China (PBoC) has emerged as the world’s foremost buyer of gold. The SPDR Gold Trust (NYSE:GLD) rose 7.3% this month. Near-record gold prices could potentially suppress demand in India, the world’s second-largest gold buyer, during the upcoming peak festival season.

Portfolio Pulse from Piero Cingari

October 31, 2023 | 9:32 pm

SHW

Sherwin-Williams (NYSE:SHW) has outperformed the market over the past 10 years by 5.47% on an annualized basis, producing an average annual return of 14.5%. If an investor had bought $1000 of SHW stock 10 years ago, it would be worth $3,841.68 today.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:30 pm

INTU

Intuit (NASDAQ:INTU) has outperformed the market over the past 20 years, producing an average annual return of 16.19%. If an investor had bought $1000 of INTU stock 20 years ago, it would be worth $20,124.01 today. The company currently has a market capitalization of $136.80 billion.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:30 pm

BTCUSD

Thomas Braziel, CEO of 117 Partners and CIO at 507 Capital, will share his insights at Benzinga's Future of Digital Assets event. Braziel has a history of dealing with distressed crypto assets, including purchasing claims from Mt.Gox customers. Recently, the market for FTX distressed credit has been active, with a $20 million claim selling for 52 to 53 cents on the dollar. Braziel sees a positive development due to the recent settlement and plan support announced by the ad hoc committee of non-U.S. FTX customers, which could see over 90% of assets returned by the end of Q2 2024.

Portfolio Pulse from Stjepan Kalinic

October 31, 2023 | 9:13 pm

GTE

Gran Tierra Energy has appointed Sebastien Morin as its new Chief Operating Officer (COO).

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 9:09 pm

LHX

L3Harris Technologies (NYSE:LHX) has outperformed the market over the past 20 years, producing an average annual return of 11.86%. If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $9,368.67 today. The company currently has a market capitalization of $33.93 billion.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:00 pm

SPGI

S&P Global (NYSE:SPGI) has outperformed the market over the past 10 years, producing an average annual return of 17.27%. If an investor had bought $100 of SPGI stock 10 years ago, it would be worth $489.78 today. The company currently has a market capitalization of $111.15 billion.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 9:00 pm

TYL

Tyler Technologies (NYSE:TYL) has acquired ResourceX, a provider of priority-based budgeting software for the public sector. The acquisition will add ResourceX's solutions to Tyler's portfolio, enhancing its offerings in the public sector budgeting space. ResourceX's applications use machine learning and AI to predict and identify multi-million-dollar opportunities, allowing clients to reallocate resources to meet desired outcomes. The company has over 60 clients across the U.S. and Canada.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:54 pm

CE

Celanese Corporation announced the intended closure of its Polyamide 66 and High-Performance Nylon polymerization units at its facility in Uentrop, Germany. The closure, expected to be completed in 2024, is aimed at optimizing production costs. The company expects to record expenses of $110-125 million, excluding employee termination costs. The actual charges may vary significantly based on various factors, including the outcome of the consultation process with the works council and union representatives.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:49 pm

SLI

Standard Lithium Ltd. (NYSE:SLI) has exercised its option agreement with TETRA Technologies, Inc. for the South West Arkansas Project. This move builds on the positive insights from the recent Preliminary Feasibility Study and affirms the company's strategic direction. The company's total resource has grown over 100% within the last five years, with an improved average lithium concentration. The company anticipates completing a FEED and Definitive Feasibility Study for the project in 2024 and beginning construction in 2025. First commercial production is expected in 2027.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:48 pm