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JCI

Over the past 15 years, Johnson Controls Intl (NYSE:JCI) has outperformed the market by 1.34% on an annualized basis, producing an average annual return of 9.88%. If an investor had bought $100 of JCI stock 15 years ago, it would be worth $406.02 today. The company currently has a market capitalization of $40.29 billion.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:30 pm

MPW

The Wall Street Journal reports that America's largest hospital landlord is facing difficulties due to struggling tenants and a bailout that is on hold. The company had previously announced a crucial financial transaction that was supposed to provide support for one of its biggest tenants, but it appears that the deal has not been finalized. The company's shares have moved lower following the report.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 2:29 pm

AMZN

BKE

DIS

HNST

INTC

MRNA

MSFT

NVS

PFE

XPEV

YELL

Moderna and Pfizer's updated COVID-19 vaccines show effectiveness against new variants. Novartis plans to spin off its Sandoz unit in October. Amazon is bolstering its social commerce capabilities. Instacart is reportedly preparing for an IPO. Honest Company is relying on Walmart to boost its financials. SpaceX's valuation is on par with Intel and Disney. YELLOW Corp received a $1.3 billion acquisition offer. Microsoft is selling a new version of Databricks software. XPeng, Estee Lauder, Deere & Co, and Buckle Inc reported their earnings.

Portfolio Pulse from Vandana Singh

August 18, 2023 | 2:20 pm

REG

Regency Centers Corp (NASDAQ:REG) has completed the acquisition of Urstadt Biddle Properties Inc. The combined company will have a pro forma equity market capitalization of about $11 billion and a total enterprise value of around $16 billion. The combined portfolio will comprise 480 total properties, containing over 56 million square feet of gross leasable area. Regency expects the acquisition to be immediately accretive to core operating earnings.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 2:17 pm

MAR

Marriott Intl (NASDAQ:MAR) has outperformed the market over the past 10 years by 7.07% on an annualized basis, producing an average annual return of 17.16%. If an investor had bought $100 of MAR stock 10 years ago, it would be worth $504.80 today.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 2:01 pm

PYPL

A significant amount of unusual options activity has been observed for PayPal Holdings (NASDAQ:PYPL), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $55.0 to $145.0 for PayPal over the last 3 months. The price of PYPL is currently down -2.08% at $57.38. RBC Capital, BTIG, Oppenheimer, Piper Sandler, and Canaccord Genuity have all provided their ratings and price targets for PayPal.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 1:46 pm

BABA

EWH

MCHI

China's state-owned property developers are facing financial losses amid the country's housing slump, causing global concern. 18 out of 38 such builders listed in Hong Kong and mainland China reported preliminary losses in the six months leading up to June 30. The crisis has also affected private developers like Country Garden Holdings Co. and has spread to China's shadow banking sector. Major investment banks have revised their growth estimates for China downward. The Shanghai Composite and the Shenzhen Component fell by 1% and 1.75% respectively, while the iShares MSCI Hong Kong Index Fund (NYSE:EWH) and the iShares MSCI China ETF (NYSE:MCHI) have both fallen by nearly 10% month to date. Alibaba Group Holdings Ltd. (NYSE:BABA) is down 3.3% in premarket trading on Friday.

Portfolio Pulse from Piero Cingari

August 18, 2023 | 1:30 pm

AMRC

Ameresco Inc has won the Department of Energy's Generation 4 energy savings performance contract, which carries a $5 billion contract ceiling over 10 years. The contract allows Federal agencies to drive private capital and utility cost savings to cut energy consumption and boost the efficiency of Federal facilities. The company also recently acquired an energy resilience project, adding 54MW to its energy assets portfolio.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 12:58 pm

CAN

Canaan U.S. Inc. is facing operational challenges due to a breach of their joint mining agreement by a partner. The breach resulted in the failure to install and operate cryptocurrency mining machines, refund a deposit, and pay Bitcoin profits.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:48 pm

CAN

Canaan Inc. has temporarily shut down approximately 2.0 Exahash/s of its Bitcoin mining computing power in Kazakhstan due to regulatory changes. The company is working to obtain a Type II license for mining hardware owners but must wait for a local partner to obtain a Type I license for mining infrastructure possessors. The shutdown represents about 50% of the company's total installed computing power in Central Asia and North America. The company anticipates a continued suspension of its mining operations in Kazakhstan into the third quarter of 2023, resulting in an expected reduction in Bitcoin generation.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 12:46 pm