Streetbeat News

Assets

SUN

Sunoco LP (NYSE:SUN) shares reached a new 52-week high of $51.85 as the price of crude oil continues to rally. The shares are moving higher on heavy trading volume, with more than one million shares traded in the session, compared to the stock's 100-day average of just over 154 thousand shares. Sunoco LP shares are up 8.5% at $51.32 at the time of publication.

Portfolio Pulse from Erica Kollmann

September 28, 2023 | 3:27 pm

AAPL

AMZN

GLD

GOOG

KMX

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

UUP

The article discusses the strength of the US dollar and its impact on the stock market. It mentions that the dollar has been rising despite efforts by China and Russia to drive it lower. The article also discusses the performance of various stocks and ETFs, including Invesco DB US Dollar Index Bullish Fund (UUP), Micron Technology Inc (MU), CarMax, Inc (KMX), Meta Platforms Inc (META), Apple Inc (AAPL), Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), Tesla Inc (TSLA), SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust Series 1 (QQQ), SPDR Gold Trust (GLD), iShares Silver Trust (SLV), and United States Oil ETF (USO).

Portfolio Pulse from The Arora Report

September 28, 2023 | 3:25 pm

ACB

Aurora Cannabis Inc. (NASDAQ:ACB) has entered into an agreement with Canaccord Genuity to sell 46.25 million company shares at a price of CA$0.73 per share, generating gross proceeds of approximately CA$33.76 million. The company plans to use the proceeds to repay its outstanding convertible senior notes, which amount to approximately $25 million. The offering is expected to close on October 3, 2023. Following the news, Aurora shares were trading 14.17% lower.

Portfolio Pulse from Nina Zdinjak

September 28, 2023 | 3:18 pm

SOLUSD

Solana's (CRYPTO: SOL) price has increased by 3.5% over the past 24 hours to $19.49, despite a 0.0% loss over the past week. The coin's all-time high is $259.96. The trading volume for the coin has decreased by 35.0% over the past week, while the overall circulating supply of the coin has increased by 0.04% to over 412.71 million. The current market cap ranking for SOL is #10 at $8.02 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 24.57% on an annualized basis, producing an average annual return of 34.27%. If an investor had bought $100 of AVGO stock 10 years ago, it would be worth $1,903.96 today.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

ADSK

Autodesk (NASDAQ:ADSK) has outperformed the market over the past 20 years, producing an average annual return of 16.74%. If an investor had bought $1000 of ADSK stock 20 years ago, it would be worth $22,311.68 today. Autodesk currently has a market capitalization of $43.69 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

ETHUSD

Ethereum's price has risen by 3.13% in the last 24 hours to $1,643.92, continuing its positive trend over the past week with a 3.0% gain. The trading volume for the coin has decreased by 5.0% over the past week, while the overall circulating supply of the coin has decreased by 0.05% to over 120.23 million. Ethereum's current market cap ranking is #2 at $197.91 billion.

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 3:00 pm

STSS

Sharps Technology has announced an Asset Purchase Agreement to acquire the InjectEZ prefillable syringe manufacturing facility and a $400M 10-year purchase agreement with Nephron Pharmaceuticals. The acquisition will enable Sharps to commercialize its copolymer prefillable syringe systems. The company has also signed a term sheet with a leading middle-market lender for up to $75 million in debt financing. The InjectEZ acquisition will provide a strong baseline of revenue for Sharps, supported by the $400 million commitment from Nephron. Initial product delivery is scheduled for Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 2:54 pm

AGCO

TRMB

AGCO Corporation has entered into a joint venture with Trimble Inc, acquiring an 85% interest in Trimble's Ag assets and technologies for $2.0 billion. The deal is expected to double the JV's EBITDA by year five post-closing and be accretive to AGCO's revenue growth, operating margin profile, and earnings per share in the first full year post-close. AGCO also announced a strategic review of its Grain & Protein business.

Portfolio Pulse from Shivani Kumaresan

September 28, 2023 | 2:52 pm

PYPL

Crypto.com has become the preferred platform for PayPal's PYUSD in a partnership with Paxos. Crypto.com has the strongest liquidity for PYUSD trading pairs globally. The exchange has listed the stablecoin for retail and institutional users since its launch in August. Almost 90% of PYUSD tokens are still held in the issuer Paxos Trust’s wallets as it faces difficulties in gaining consumers' interest.

Portfolio Pulse from Khyathi Dalal

September 28, 2023 | 2:49 pm