Streetbeat News

Assets

BAM

BX

CG

NMRK

The Federal Deposit Insurance Corp. (FDIC) has initiated the sale of a loan portfolio valued at $18.5 billion held by Signature Bank. The portfolio includes 201 performing capital-call loans linked to firms such as Starwood Capital Group, Carlyle Group Inc., Blackstone Inc., Thoma Bravo, and Brookfield Asset Management Ltd. Newmark Group Inc. will manage the sale, which is expected to conclude in September. The FDIC aims to unload approximately $60 billion worth of loans from Signature Bank.

Portfolio Pulse from Piero Cingari

July 28, 2023 | 9:04 pm

BKNG

Booking Holdings (NASDAQ:BKNG) has outperformed the market over the past 15 years, producing an average annual return of 24.56%. If an investor had bought $1000 of BKNG stock 15 years ago, it would be worth $25,820.76 today. The company currently has a market capitalization of $111.25 billion.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 9:00 pm

FNV

Franco-Nevada (NYSE:FNV) has outperformed the market over the past 10 years, producing an average annual return of 13.38%. If an investor had bought $1000 of FNV stock 10 years ago, it would be worth $3,415.98 today. The company currently has a market capitalization of $27.67 billion.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 9:00 pm

BTCUSD

DOGEUSD

ETHUSD

The recent 0.25% rate hike by the Federal Reserve has increased interest in weekend cryptocurrency movements, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) expected to make significant moves. Bitcoin and Ethereum have been trading sideways under significant support and resistance levels, while Dogecoin has been consolidating above the 200-day simple moving average (SMA) after a 14% surge.

Portfolio Pulse from Melanie Schaffer

July 28, 2023 | 8:33 pm

UNP

A significant investor has taken a bearish stance on Union Pacific (NYSE:UNP), with 68% of the spotted trades being bearish. The whales have been targeting a price range from $170.0 to $240.0 for Union Pacific over the last 3 months. The current price of UNP is $232.77, up 0.29%. Several financial institutions have maintained their ratings on Union Pacific, with price targets ranging from $182 to $270.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

EW

Edwards Lifesciences (NYSE:EW) has outperformed the market over the past 10 years, producing an average annual return of 21.21%. If an investor had bought $100 of EW stock 10 years ago, it would be worth $703.89 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 20 years, producing an average annual return of 13.48%. If an investor had bought $1000 of TSM stock 20 years ago, it would be worth $12,275.45 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

DMTTF

UK-based Small Pharma (OTCQB:DMTTF) reported a 30% quarterly cash outflow, with cash on hand as of May 31, 2023, at approximately $9.9 million. The company expects its operational restructuring to reduce cash burn in upcoming quarters. Small Pharma's DMT assets SPL026 and SPL028 are undergoing clinical trials, with combined data potentially enabling an expedited path for a multi-site Phase 2 study for SPL028 in 2024. The company's IP portfolio has grown significantly, with 26 patents granted and 95 applications pending.

Portfolio Pulse from Lara Goldstein

July 28, 2023 | 8:28 pm

GUSH

OIH

UCO

USO

XLE

Crude oil prices have hit $80 per barrel, marking a five-week winning streak, the longest in over a year and a half. This surge is attributed to supply reduction efforts by Saudi Arabia and Russia, and increased demand due to Chinese economic revival efforts and the U.S.'s commitment to refill its Strategic Petroleum Reserve. Five oil-linked ETFs are recommended for investors to ride this wave: United States Oil Fund (USO), Energy Select Sector SPDR Fund (XLE), VanEck Oil Services ETF (OIH), Proshares Ultra Bloomberg Crude Oil (UCO), and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull X2 Shares (GUSH).

Portfolio Pulse from Piero Cingari

July 28, 2023 | 8:22 pm

AGR

Avangrid has announced the completion of the installation of the first offshore substation in the U.S. This development could potentially boost the company's renewable energy portfolio and enhance its market position.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 8:02 pm