Streetbeat News

Assets

CNC

Centene Corporation (NYSE:CNC) has agreed to sell Circle Health Group, one of the UK's largest independent hospital operators, to Middle-East-based PureHealth for approximately $1.2 billion. The sale is part of Centene's ongoing value-creation efforts and portfolio review. The transaction is expected to close in Q1 2024.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2023 | 2:16 pm

BTCUSD

ETHUSD

Bitcoin (BTC) and Ethereum (ETH) recorded slight gains, trading above $26,000 and $1,600 respectively. dYdX (DYDX) emerged as the top gainer over the past 24 hours, while Sui (SUI) was the biggest loser. The global crypto market cap rose to $1.05 trillion, recording a 24-hour gain of 0.3%.

Portfolio Pulse from Lisa Levin

August 28, 2023 | 2:03 pm

BX

Blackstone (NYSE:BX) has outperformed the market over the past 10 years, producing an average annual return of 16.59%. If an investor had bought $100 of BX stock 10 years ago, it would be worth $464.05 today. The company currently has a market capitalization of $76.03 billion.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:00 pm

NVO

Novo Nordisk (NYSE:NVO) has outperformed the market over the past 10 years, producing an average annual return of 18.88%. An investment of $1000 in NVO stock 10 years ago would be worth $5,638.40 today.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 2:00 pm

ETN

Eaton Corporation PLC (NYSE:ETN) plans to invest over $500 million in its North American manufacturing and operations to meet the increasing demand for its electrical solutions. The company is expanding manufacturing in Texas and Wisconsin, which will create more than 200 skilled manufacturing jobs. The expansion will boost electrification, grid modernization, and energy resilience. Most of the proposed investments will be completed in 2024 and 2025.

Portfolio Pulse from Shivani Kumaresan

August 28, 2023 | 1:47 pm

BTCUSD

Mark Yusko, co-founder, CEO and chief investment officer of Morgan Creek Capital Management, is recognized for his focus on alternative investments such as Bitcoin, hedge funds, and private equity. He promotes portfolio diversification and the benefits of incorporating alternative assets into investment strategies. Yusko supports Bitcoin as a potential store of value similar to gold and predicts that Bitcoin's value could catch up to gold. He also expresses enthusiasm for DAOs as a key to changing the financial system paradigm.

Portfolio Pulse from Justin Roberti

August 28, 2023 | 1:43 pm

AAPL

A handwritten advertisement for the Apple-1 computer by Steve Jobs, co-founder of Apple Inc. (NASDAQ:AAPL), has been sold at an auction for $175,759, over 2,300 times the price of the Apple-1 computer. This is one of the rarest Apple collectors' items. Other Apple artifacts have also fetched high prices at auctions, indicating a strong interest in the company's history.

Portfolio Pulse from Rounak Jain

August 28, 2023 | 1:19 pm

CNEY

CN Energy Group. Inc. (NASDAQ:CNEY) reported a 66.1% YoY increase in revenue for the first six months of fiscal year 2023, reaching $22.67 million. The increase was mainly due to a rise in sales volume of activated carbon. However, the company's net loss was $4.17 million, resulting in a loss per share of $0.09, compared to earnings per share of $0.05 in the same period of the previous year. The loss was primarily due to increased research and development costs and expenses related to new customer development. Total assets grew by 44.4% YoY.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 1:09 pm

PAX

Patria Investments, along with a consortium including Saudi Arabia's sovereign wealth fund, has won the auction for the concession of the 'Paraná Lote 1' highway system in Brazil. This marks the first investment of Patria Infrastructure Fund V and expands Patria's presence in the toll roads segment. The project, awarded by Brazil's National Transportation Agency, involves 473 kilometers of federal and state roads and is expected to receive total investments of approximately US$ 1.6 billion over 30 years.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 1:04 pm

BV

URI

BrightView Holdings Inc (BV) has appointed Dale A. Asplund as the new CEO and received a $500 million strategic investment from One Rock Capital Partners. The investment will be used to reduce debt and fuel acquisitions. The company also reported Q3 FY23 revenue of $766 million, missing the consensus of $777.4 million, and adjusted EPS of $0.44, beating the consensus of $0.38.

Portfolio Pulse from Lekha Gupta

August 28, 2023 | 12:57 pm