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PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 15 years, producing an average annual return of 12.1%. If an investor had bought $100 of PPG stock 15 years ago, it would be worth $550.15 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 7:00 pm

ALE

The U.S. Department of Energy has awarded a $50 million grant to Minnesota Power, a division of ALLETE (NYSE:ALE), to modernize its high-voltage direct current (HVDC) transmission system. The grant will support the HVDC Terminal Expansion Capability Project, which aims to increase the reliability and resilience of the regional grid and prepare it for future energy needs. The project is part of Minnesota Power's strategy to support federal and state energy policy goals, including Minnesota's carbon-free by 2040 legislation.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:58 pm

RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares have fallen by 9.7% amid a general weakness in EV stocks and a rise in Treasury yields. The company's stock has fallen roughly 24% in October after it priced its $1.5 billion green convertible senior notes offerings. The increased debt load from the issuance of these notes has raised concerns among investors about the company's ability to service its debt and its creditworthiness. The notes offered by Rivian have an annual interest rate of 3.625% and will mature on October 15, 2030.

Portfolio Pulse from Henry Khederian

October 18, 2023 | 6:56 pm

TLT

The average 30-year mortgage rate has risen to 8%, the highest in over two decades, driven by the 30-year Treasury bond yield which reached a 17-year high of 5%. The Mortgage Banker Association reported a continuous upward trend for six weeks, reaching 7.70% by the week ending on Oct. 13. The iShares Treasury Bond ETF (NASDAQ:TLT) has contracted by over 50% since the highs of 2020 and by more than 18% year to date.

Portfolio Pulse from Piero Cingari

October 18, 2023 | 6:55 pm

CMCSA

Unusual options activity has been observed for Comcast (NASDAQ:CMCSA), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $40.0 to $47.5 for Comcast over the last 3 months. JP Morgan has maintained their Neutral rating on Comcast, with a price target of $49, while Seaport Global downgraded its action to Buy with a price target of $53.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:46 pm

AGR

Avangrid's subsidiary, Central Maine Power (CMP), has won a $30 million federal grant for smart grid technology. The grant, established by the Bipartisan Infrastructure Law, will enhance grid flexibility and improve the resilience of Maine's power grid against extreme weather threats.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2023 | 6:32 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. The whales have been targeting a price range from $47.5 to $54.0 for Charles Schwab over the last 3 months. Analysts from JMP Securities, Raymond James, Barclays, and Piper Sandler have given various ratings and price targets for SCHW.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm

V

A significant bullish stance on Visa (NYSE:V) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 55% bullish and 44% bearish. Out of the special options, 15 are puts, for a total amount of $1,110,592, and 3 are calls, for a total amount of $173,150. Whales have been targeting a price range from $225.0 to $320.0 for Visa over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm

MSI

Motorola Solns (NYSE:MSI) has outperformed the market over the past 10 years by 7.55% on an annualized basis, producing an average annual return of 17.0%. If an investor had bought $100 of MSI stock 10 years ago, it would be worth $474.65 today.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm

HSY

Hershey (NYSE:HSY) has outperformed the market over the past 20 years, producing an average annual return of 8.42%. If an investor had bought $1000 of HSY stock 20 years ago, it would be worth $5,037.71 today. The company currently has a market capitalization of $39.33 billion.

Portfolio Pulse from Benzinga Insights

October 18, 2023 | 6:30 pm