Streetbeat News

Assets

NXPI

NXP Semiconductors (NASDAQ:NXPI) has outperformed the market over the past 5 years by 7.98% on an annualized basis, producing an average annual return of 17.11%. If an investor had bought $1000 of NXPI stock 5 years ago, it would be worth $2,239.70 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

CSGP

CoStar Gr (NASDAQ:CSGP) has outperformed the market over the past 20 years, producing an average annual return of 18.25%. If an investor had bought $1000 of CSGP stock 20 years ago, it would be worth $28,505.14 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:00 pm

EWG

EWI

EWQ

EWU

FEZ

European stocks rallied following the European Central Bank's (ECB) announcement of a potential end to its interest rate hiking cycle. The ECB also revised down its estimates for inflation and growth. This news led to a surge in European indices, including the Euro Stoxx 50, UK FTSE 100, Italy's FTSE MIB, French CAC 40, and Germany DAX 30. Positive economic news from the US and China further boosted European stocks, particularly in the luxury and banking sectors.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 4:50 pm

HES

A significant bullish stance has been taken on Hess (NYSE:HES) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The price of HES is up 2.32% at $164.18. UBS, Morgan Stanley, and Mizuho have maintained their Buy, Overweight, and Neutral ratings on Hess, respectively.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:46 pm

MSFT

SPY

Ken Griffin, founder of hedge fund Citadel LLC, expressed concerns about the current stock market rally, suggesting it might be nearing its end. He also discussed the impact of artificial intelligence (AI) on the economy, stating that it could lead to job cuts in some sectors but overall, it is a productivity tool that improves job performance. His comments led to a slight dip in the SPDR S&P 500 ETF Trust (SPY), which later recovered.

Portfolio Pulse from Chris Katje

September 14, 2023 | 4:42 pm

TLRY

An options alert has been issued for Tilray Brands, with a sweep of 2167 calls at $0.211 for September 22, against an open interest of 6214. The reference price is $2.99. Tilray's earnings are expected to be announced on October 6 before the market opens.

Portfolio Pulse from Charles Gross

September 14, 2023 | 4:38 pm

PLD

Prologis (NYSE:PLD) has outperformed the market over the past 10 years, producing an average annual return of 12.19%. If an investor had bought $1000 of PLD stock 10 years ago, it would be worth $3,294.51 today. Prologis currently has a market capitalization of $114.30 billion.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:30 pm

FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $34.0 to $47.0 for Freeport-McMoRan over the last 3 months. The price of FCX is currently up 3.01% at $40.94, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:17 pm

APA

TTE

XOM

TotalEnergies SE (TTE) is launching development studies for a $9 billion oil project in Block 58, offshore Suriname. TotalEnergies, which operates Block 58 with a 50% interest alongside APA Corporation (APA), expects to start detailed engineering studies by the end of 2023, with a final investment decision by the end of 2024 and first production in 2028. The project aligns with TotalEnergies' strategy of developing low-cost, low-emission oil resources. Exxon Mobil Corporation (XOM) has also struck oil in the nearby Stabroek block.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 4:17 pm

CI

Over the past 10 years, Cigna Group (NYSE:CI) has outperformed the market by 3.32% on an annualized basis, producing an average annual return of 13.33%. If an investor had bought $100 of CI stock 10 years ago, it would be worth $339.20 today. The company currently has a market capitalization of $84.00 billion.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 4:00 pm