Streetbeat News

Assets

ACGL

Arch Capital Group (NASDAQ:ACGL) has outperformed the market over the past 5 years by 12.12% on an annualized basis, producing an average annual return of 21.16%. If an investor had bought $1000 of ACGL stock 5 years ago, it would be worth $2,592.11 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 9:00 pm

KKR

KKR & Co (NYSE:KKR) has outperformed the market over the past 10 years by 2.1% on an annualized basis, producing an average annual return of 12.16%. If an investor had bought $100 of KKR stock 10 years ago, it would be worth $314.86 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 9:00 pm

DIA

GLD

QQQ

SPX

TLT

Economists are predicting a significant surge in the Consumer Price Index (CPI) for August, with an expected rate of 3.6% year-on-year and a monthly increase of 0.6%. This would be the most significant monthly increase since June 2022. The core inflation rate, excluding energy and food, is expected to decrease to 4.3% in August. The market predicts a 93% probability that the Federal Reserve will maintain unchanged interest rates. Previous high inflation reports have had significant effects on major asset classes.

Portfolio Pulse from Piero Cingari

September 12, 2023 | 8:43 pm

VRDN

Viridian Therapeutics Inc's CFO, Kristian Humer, has resigned effective September 12. Seth Harmon, the company's Senior Vice President of Finance, has assumed the role of the company's Principal Financial and Accounting Officer.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:40 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock build of 1.174 million barrels, against an estimated draw of 2 million barrels.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 8:35 pm

RCL

Royal Caribbean Gr's (NYSE:RCL) short percent of float has fallen 4.85% since its last report, with 20.30 million shares sold short, which is 11.57% of all regular shares available for trading. It would take traders 8.31 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 6.09% for its peer group.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 8:30 pm

MMC

Marsh & McLennan (NYSE:MMC) has outperformed the market over the past 10 years by 6.44% on an annualized basis, producing an average annual return of 16.5%. If an investor had bought $1000 of MMC stock 10 years ago, it would be worth $4,608.76 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 8:30 pm

HZNP

Horizon Therapeutics (NASDAQ:HZNP) has outperformed the market over the past 10 years by 32.84% on an annualized basis, producing an average annual return of 42.9%. If an investor had bought $1000 of HZNP stock 10 years ago, it would be worth $41,649.82 today.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 8:30 pm

BA

A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 70% of recent unusual options trades being bearish and 30% bullish. The trades suggest a target price range of $175.0 to $250.0 for Boeing over the next three months. TD Cowen maintains an Outperform rating on Boeing with a price target of $260.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 8:15 pm

CMCSA

TMUS

T-Mobile has announced plans to acquire spectrum in the 600 MHz band from Comcast for a total cash consideration of between $1.2 billion and $3.3 billion.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 8:09 pm