Streetbeat News

Assets

CSGP

CoStar Gr (NASDAQ:CSGP) has outperformed the market over the past 10 years by 7.11% on an annualized basis, producing an average annual return of 17.4%. If an investor had bought $1000 of CSGP stock 10 years ago, it would be worth $5,107.64 today.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 2:00 pm

NTR

Over the past 20 years, Nutrien (NYSE:NTR) has outperformed the market by 2.18% on an annualized basis, producing an average annual return of 9.85%. If an investor had bought $1000 of NTR stock 20 years ago, it would be worth $6,559.73 today.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 2:00 pm

SPY

USA Factory Orders for July have decreased by 2.1%, which is less than the estimated decrease of 2.5%. The previous month's factory orders had increased by 2.3%.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:00 pm

AULT

Ault Alliance Inc plans to sell its four recently renovated Midwest hotels for about $100 million. The sale is driven by the company's desire to focus on its core businesses, including the crane rental business, the California licensed lender, and data center operations. The company plans to use the proceeds from the sales of the hotel properties to pay off debt and commit more capital to its core businesses.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 1:51 pm

EWJ

MGM

The Osaka prefectural and municipal governments have announced a delay in the opening of a planned casino resort to autumn 2030, a year later than initially planned. The delay is due to the plan not receiving central government approval until April 2023. The initial investment will also increase to ¥1.27 trillion from ¥1.08 trillion due to rising construction material costs. The resort will be constructed and operated by a company led by MGM Resorts International and Japan's Orix.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:42 pm

JNJ

KVUE

Johnson & Johnson (JNJ) plans to use the proceeds from the recent separation of its consumer-health segment Kenvue Inc (KVUE) to bolster its growth in pharmaceuticals and medical technology. The strategy could include new acquisitions, product enhancements, and a deeper dive into robotics. The divestiture of its Kenvue stake will lead to annual savings of more than $900 million in dividend expenses. JNJ shares are up 0.10% at $160.63.

Portfolio Pulse from Vandana Singh

September 05, 2023 | 1:39 pm

NNDM

Nano Dimension Ltd. (NNDM) has announced that its COO, Tomer Pinchas, will assume the role of CFO during the maternity leave of current CFO Yael Sandler. Pinchas has over 18 years of global experience in finance, M&A, and operations management, and has served as CFO at several multinational companies.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:34 pm

BTCUSD

CFXUSD

ETHUSD

MATICUSD

NEOUSD

RUNEUSD

UNIUSD

Bitcoin (BTC) traded lower, below the $26,000 level, while Ethereum (ETH) edged higher but remained below the $1,700 mark. Conflux (CFX) was the top gainer over the past 24 hours, while Toncoin (TON) was the biggest loser. The global crypto market cap fell to $1.04 trillion, a 24-hour decline of 0.3%.

Portfolio Pulse from Lisa Levin

September 05, 2023 | 1:33 pm

BTCUSD

FTTUSD

NVDA

BitMEX founder Arthur Hayes stated that traditional strategies are no longer applicable in the crypto market. He believes the Federal Reserve's interest rate hikes have inadvertently influenced the larger economy. Despite this, Bitcoin and Nvidia's stock continue to thrive. Hayes concluded that the cryptocurrency sector remains well-positioned regardless of the Fed's decisions.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 1:20 pm

SPY

USO

VGK

Russia's Deputy PM Novak announced an additional voluntary reduction of oil supplies for export, which will last until the end of December 2024. This measure is aimed at strengthening precautionary measures taken by OPEC+.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:11 pm