Streetbeat News

Assets

LCID

Vanguard Group has reported an increased stake in Lucid Group, according to a recent SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 2:17 pm

DKNG

PENN

Phil Mickelson, a professional golfer, allegedly lost about $100 million in gambling over the last three decades. If he had invested this amount in stocks instead, his portfolio could have been worth between $320 million and $560 million, based on the S&P 500’s average annualized return. Companies like Draftkings Inc (NASDAQ:DKNG) and PENN Entertainment (NASDAQ:PENN) would have benefited if Mickelson had chosen to invest in their stocks instead of gambling.

Portfolio Pulse from Aaron Bry

August 14, 2023 | 2:13 pm

MRNA

Moderna (NASDAQ:MRNA) has outperformed the market over the past 5 years, producing an average annual return of 39.6%. An investment of $1000 in MRNA stock 5 years ago would be worth $5,302.15 today. The company currently has a market capitalization of $37.50 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:00 pm

CPRT

Over the past 20 years, Copart (NASDAQ:CPRT) has outperformed the market by 16.34% on an annualized basis, producing an average annual return of 24.05%. If an investor had bought $1000 of CPRT stock 20 years ago, it would be worth $77,767.44 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 2:00 pm

MPC

A significant bearish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $115.0 to $150.0 for Marathon Petroleum over the last 3 months. The current price of MPC is $149.12, down by 0.42%. Analysts from Wells Fargo, RBC Capital, Barclays, Raymond James, and Morgan Stanley have maintained their ratings on MPC, with price targets ranging from $140 to $165.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 1:46 pm

BONEUSD

BTCUSD

ETHUSD

KAVAUSD

STXUSD

Bitcoin and Ethereum traded slightly lower, with Bitcoin falling below the $29,400 level and Ethereum trading below the $1,850 mark. The global crypto market cap fell to $1.17 trillion, recording a 24-hour decline of 0.2%. Hedera was the top gainer over the prior 24 hours, while Bone ShibaSwap turned out to be the biggest loser.

Portfolio Pulse from Lisa Levin

August 14, 2023 | 1:45 pm

ACHR

ARKK

STLA

UAL

Archer Aviation Inc. (ACHR) is closing an oversubscribed PIPE as part of a $215M investment round led by Stellantis. Key investors in the PIPE include ARK Investment Management LLC (ARKK) and United Airlines (UAL). The investment round, combined with Stellantis' $70M acceleration, will bring Archer's total funding to over $1.1B. The funds will be used for working capital and general corporate purposes, including the continued development of Archer's aircraft and related technology.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:22 pm

GVP

GSE Systems, Inc. (GVP) has won two simulation awards totaling $4M. The first award, worth $2.5M, is for upgrading and integrating plant simulation models for a large, advanced reactor. The second award, worth $1.5M, is for qualifying and delivering a software-based reactor coolant system to support thermohydraulic models for a large international power industry supplier. This is a significant advancement in GSE's proprietary JADE JTopMeret simulation technology.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:11 pm

CHK

SBOW

Chesapeake Energy Corp (CHK) has agreed to sell its remaining Eagle Ford assets to SilverBow Resources Inc (SBOW) for $700 million. The deal includes around 42,000 net acres and about 540 wells. The total proceeds from Eagle Ford divestiture will exceed $3.5 billion. The transaction is expected to close in 2023. CHK plans to use the proceeds to boost its balance sheet and share repurchase program.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 12:55 pm

ITRG

Integra Resources Corp. (NYSE:ITRG) has filed an independent Preliminary Economic Assessment (PEA) technical report for the Wildcat and Mountain View projects in western Nevada. The PEA shows potential for a low-cost, high-margin, heap leach gold-silver operation with robust economics. The average annual production of Wildcat & Mountain View and the DeLamar Project is expected to exceed 200kozs of gold equivalent. The PEA results complement the 2022 Pre-feasibility Study for the DeLamar Project in southwestern Idaho.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:52 pm