Streetbeat News

Assets

GBIL

IWY

JNK

SPIB

A screening of mid-cap ETFs revealed that Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB) added $386.54 million and $203.08 million in AUM respectively over the week. On the other hand, SPDR Bloomberg High Yield Bond ETF (JNK) and iShares Russell Top 200 Growth ETF (IWY) lost $984.16 million and $710.36 million in AUM respectively.

Portfolio Pulse from Johnny Rice

August 22, 2023 | 9:21 pm

AMJ

AMLP

ITB

KWEB

Mid-cap ETFs have shown varied performance with J.P. Morgan Alerian MLP Index ETN (AMJ) and Alerian MLP ETF (AMLP) showing positive returns, while KraneShares CSI China Internet ETF (KWEB) and iShares U.S. Home Construction ETF (ITB) have declined. AMJ and AMLP, both focused on the energy MLP sector, are up 11.08% and 14.25% YTD respectively. KWEB, offering exposure to Chinese IT stocks, is down 10.73% YTD. ITB, which invests in the US homebuilding industry, is up 36.97% YTD but down 5.80% over the trailing week.

Portfolio Pulse from Johnny Rice

August 22, 2023 | 9:20 pm

USO

The American Petroleum Institute (API) reported a weekly crude oil stock draw of 2.418 million barrels, which is less than the estimated draw of 2.9 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:33 pm

V

Unusual options activity has been observed for Visa (NYSE:V), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 30% bullish and 70% bearish. The targeted price range for Visa over the last 3 months is from $100.0 to $240.0. Several financial institutions have maintained their positive ratings on Visa, with price targets ranging from $275 to $290.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:31 pm

VICI

VICI Properties Inc. has provided a mortgage financing of $140,135,000, secured primarily by Canyon Ranch Tucson and Canyon Ranch Lenox. The financing is part of the VICI-Canyon Ranch Growth Partnership, where VICI has the option to purchase the real estate assets of both Canyon Ranch locations. The proceeds from the mortgage financing were used to refinance Canyon Ranch's existing CMBS secured by these two assets.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:18 pm

XOM

A significant investor has taken a bearish stance on Exxon Mobil (NYSE:XOM), with 68% of recent trades being bearish. The targeted price range for Exxon Mobil over the last 3 months is $85.0 to $150.0. The current price of XOM is down -0.56% at $108.1. UBS, Morgan Stanley, Truist Securities, and Mizuho have maintained their ratings on Exxon Mobil with price targets of $139, $124, $110, and $131 respectively.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:16 pm

URBN

Urban Outfitters' total inventory has decreased by 15.9% year-over-year as of July 31.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 8:06 pm

SONY

Sony Group (NYSE:SONY) has outperformed the market over the past 10 years, producing an average annual return of 14.93%. If an investor had bought $100 of SONY stock 10 years ago, it would be worth $407.86 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 8:00 pm

APO

Apollo (NYSE:APO) has appointed David Moffatt as Chair of its operations in Australia and New Zealand. Moffatt, a long-time Apollo advisor, brings over 30 years of leadership experience to the role. The appointment comes as Apollo continues to expand its asset management and retirement services capabilities in the region. Apollo sees significant opportunity to expand non-bank and hybrid origination in the region, and to enhance retirement and investment portfolios through alternatives.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 8:00 pm

LQD

The bond market has seen a surge in yields, with the 10-year yield surpassing 4.30% and the 30-year yield exceeding 4.40%. This surge has been attributed to Fitch's downgrade of the U.S. credit rating from AAA to AA+. Jay Menozzi, CIO for Orange Investment Advisors, suggests that this could make investment-grade corporate bonds an attractive investment. The iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD) has seen its yield climb to 5.9%.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 7:59 pm