Streetbeat News

Assets

PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 15 years, producing an average annual return of 10.36%. If an investor had bought $1000 of PPG stock 15 years ago, it would be worth $4,210.86 today. The company currently has a market capitalization of $30.85 billion.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:30 pm

HBI

HanesBrands is exploring strategic options for its global Champion business, including a potential sale or other strategic transaction. The company has made significant structural improvements within Champion, distinguishing its innerwear and activewear businesses. The evaluation process is ongoing, with no set timeline. Financial advisors Goldman Sachs & Co. LLC and Evercore, along with legal advisors Jones Day and Kirkland & Ellis LLP, are assisting in this process.

Portfolio Pulse from Akanksha Bakshi

September 19, 2023 | 2:30 pm

DISH

DISH Network Corp's shares are trading higher following reports of the company receiving government support to extend the deadline for purchasing airwaves from T-Mobile US. This move is expected to ease the financial burden on DISH.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:26 pm

DIS

Walt Disney Co has announced plans to double its capital expenditures at its Disney Parks, Experiences and Products (DPEP) segment to $60 billion over the next decade. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:24 pm

CVX

A significant bearish stance on Chevron (NYSE:CVX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $155.0 to $220.0 for Chevron over the last 3 months. Mizuho maintains a Buy rating on Chevron with a price target of $215.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:16 pm

AMZN

GOOG

MSFT

TSM

Several major companies have made headlines. Amazon has hired Microsoft's Chief Product Officer, Panos Panay. Google is under scrutiny for allegedly manipulating ad auctions. Taiwan Semiconductor Manufacturing is planning to boost packaging capacity in Arizona. Microsoft has addressed a security incident involving sensitive information exposure on GitHub. Novo Nordisk has partnered with Aspen Pharmacare to produce insulin in South Africa. BeiGene has regained rights to its cancer drug from Novartis. Rocket Lab's 41st mission faced technical issues. The European Commission has approved ViiV Healthcare's HIV prevention drug. AutoZone's Q4 earnings exceeded estimates. BP has appointed Kate Thomson as interim CFO. MGM Resorts may lose out on casino licenses in NYC due to a scandal. Google and the Department of Defense are developing an AI-powered microscope. Apple faces threats from Huawei in China. Google's Bard AI chatbot is being integrated with Gmail, Google Docs, and YouTube. Starbucks is facing a lawsuit over its 'fruit' drinks.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 2:01 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has outperformed the market over the past 20 years by 4.09% on an annualized basis, producing an average annual return of 11.82%. If an investor had bought $100 of AMD stock 20 years ago, it would be worth $893.23 today.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:00 pm

CME

CME Group (NASDAQ:CME) has outperformed the market over the past 20 years, producing an average annual return of 14.72%. If an investor had bought $1000 of CME stock 20 years ago, it would be worth $15,120.47 today. The company currently has a market capitalization of $74.50 billion.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:00 pm

AVGR

CNXA

DTOC

HSTO

RVNC

SEZL

US stocks opened lower with the Dow Jones, NASDAQ, and S&P 500 all falling. Housing starts in the US fell 11.3% MoM to an annualized rate of 1.283 million in August, the lowest level since June 2020. Connexa Sports Technologies, Avinger, and Sezzle saw their shares rise, while Digital Transformation Opportunities Corp., Histogen, and Revance Therapeutics saw their shares fall.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 1:59 pm

ACHUSD

COIN

Oak Grove Ventures, a Singapore-based fund focusing on biotech, Web3, and AI, has been launched by veterans from several crypto and fintech companies. The $60 million fund has previously supported over 30 projects and early-stage investments, including Elon Musk's SpaceX and Neuralink Corp. However, Web3 funding to VC-backed startups is expected to drop to its lowest level since 2019 in Q3 2023.

Portfolio Pulse from Khyathi Dalal

September 19, 2023 | 1:48 pm