Streetbeat News

Assets

CLSK

HUT

MARA

MSTR

RIOT

Crypto-related stocks, including CLSK, HUT, MARA, MSTR, and RIOT, are trading higher due to an increase in the price of Bitcoin.

Portfolio Pulse from Bill Haddad

October 02, 2023 | 4:42 pm

CMSQF

RITM

SCU

Rithm Capital Corp (RITM) has agreed to acquire Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (SLS), from Computershare Ltd (CMSQF) for about $720 million. The deal includes an unpaid principal balance of mortgage servicing rights worth about $136 billion. The acquisition will be financed through a combination of existing cash, available liquidity, and additional MSR financing. Post-acquisition, RITM will transfer SLS's portfolio and operations to its portfolio company, Newrez LLC, increasing its third-party servicing business to $180 billion.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 4:35 pm

NTR

Nutrien (NYSE:NTR) has outperformed the market over the past 20 years, producing an average annual return of 9.07%. If an investor had bought $100 of NTR stock 20 years ago, it would be worth $575.81 today. The company currently has a market capitalization of $30.54 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:30 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has outperformed the market over the past 20 years by 9.04% on an annualized basis, producing an average annual return of 16.33%. If an investor had bought $1000 of ACGL stock 20 years ago, it would be worth $20,872.90 today.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:30 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $52.5 to $95.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60 while Mizuho maintains their Buy rating with a price target of $76.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

KKR

KKR & Co Inc has sold over 5 million square feet of industrial warehouse and distribution assets for more than $560 million. The sale was completed through five transactions with separate buyers. The assets sold are part of the Real Estate Partners Americas II fund and include over 50 industrial buildings in high-growth markets. KKR continues to focus on acquiring logistics properties in growth markets.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 4:01 pm

UBER

A significant amount of unusual options activity has been observed for Uber Technologies (NYSE:UBER), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The price target for Uber Technologies over the last 3 months has been between $35.0 to $60.0. Needham and RBC Capital have downgraded their actions to Buy and Outperform respectively, with price targets of $60 and $58.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm

TXN

Texas Instruments (NASDAQ:TXN) has outperformed the market over the past 20 years, producing an average annual return of 9.7%. If an investor had bought $1000 of TXN stock 20 years ago, it would be worth $6,451.38 today.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:00 pm

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years, producing an average annual return of 9.36%. If an investor had bought $100 of OKE stock 20 years ago, it would be worth $597.60 today. ONEOK currently has a market capitalization of $37.06 billion.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:00 pm

BTCUSD

DOGEUSD

Several Hollywood celebrities have shown interest in Bitcoin and other cryptocurrencies, with some even launching their own crypto-related ventures. This trend is expected to be a key topic at the upcoming Benzinga's Future of Digital Assets conference. However, celebrity involvement in cryptocurrencies can also introduce volatility, as seen with Elon Musk's influence on Dogecoin.

Portfolio Pulse from Murtuza Merchant

October 02, 2023 | 3:38 pm