Streetbeat News

Assets

CNC

Over the past 15 years, Centene (NYSE:CNC) has outperformed the market by 9.03% on an annualized basis, producing an average annual return of 19.36%. If an investor had bought $100 of CNC stock 15 years ago, it would be worth $1,408.72 today. Centene currently has a market capitalization of $38.19 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 9:00 pm

BTCUSD

GBTC

The U.S. Securities and Exchange Commission (SEC) has decided not to appeal the court decision on the Grayscale Bitcoin ETF. This decision could potentially pave the way for more widespread acceptance and adoption of Bitcoin ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:55 pm

RYAM

Rayonier Advanced Materials Inc. (NYSE:RYAM) has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site. This move is part of RYAM's strategy to enhance its operational and financial performance, optimize its portfolio, and reduce debt.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:35 pm

CME

GLD

MSFT

USO

XLE

XOM

The escalating Israel-Hamas conflict, rising inflation, and surging oil prices have shaken global markets. The conflict could disrupt global oil supplies, as the Middle East accounts for about one-third of global oil production. In the US, inflation figures exceeded expectations, with the Producer Price Index surging 2.2% YoY and the Consumer Price Index inflation rising by 3.7% YoY. This has led to a spike in 30-year mortgage rates and a dip in consumer sentiment. Despite this, the Fed signals another rate hike is still possible. M&A activity picked up with Exxon Mobil acquiring Pioneer Resources and Microsoft purchasing Activision Blizzard. The week also saw strong Q3 earnings from major banks.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 8:33 pm

BHP

A significant bearish stance has been taken on BHP Group (NYSE:BHP) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 18% bullish and 81% bearish. Out of the special options uncovered, 9 are puts, for a total amount of $337,294, and 2 are calls, for a total amount of $141,020. The whales have been targeting a price range from $55.0 to $55.0 for BHP Group over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:31 pm

SNPS

Over the past 10 years, Synopsys (NASDAQ:SNPS) has outperformed the market by 19.58% on an annualized basis, producing an average annual return of 29.13%. If an investor had bought $1000 of SNPS stock 10 years ago, it would be worth $12,943.96 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:30 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has outperformed the market over the past 20 years by 1.4% on an annualized basis, producing an average annual return of 8.73%. If an investor had bought $100 of ADM stock 20 years ago, it would be worth $531.30 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 8:30 pm

BLK

BTCUSD

JPM

A prominent crypto analyst from the YouTube channel InvestAnswers has suggested that Bitcoin (CRYPTO: BTC) could surpass the market caps of both gold and silver. The analyst highlighted the trustworthiness and verifiability of Bitcoin compared to gold. He also dismissed concerns about potential market manipulation by industry giants like JPMorgan Chase & Co. (NYSE:JPM) and BlackRock Inc. (NYSE:BLK).

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 8:22 pm

USO

The Ecuadorian government has appointed Reinaldo Armijos as the new manager for state oil firm PetroEcuador. This announcement comes just days ahead of the country's presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:21 pm

SVVC

Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC) has announced plans to seek stockholder approval to withdraw its BDC election and pursue liquidation. The company has suffered material setbacks on two of its largest holdings, which could reduce the asset value of the Fund to a level below its accrued liabilities. The Board and Firsthand Capital Management have agreed to take actions to maintain a positive net asset value per share.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 8:16 pm