Streetbeat News

Assets

BX

Blackstone Inc.'s (NYSE:BX) shares have increased by 20.64% in the past three months. The company's total debt stands at $12.33 billion, with $12.31 billion in long-term debt and $19.56 million in current debt. After adjusting for $3.02 billion in cash-equivalents, the net debt is $9.31 billion. Blackstone's total assets are $41.09 billion, making the debt-ratio 0.3. Debt is an important factor in a company's capital structure and contributes to its growth.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:15 pm

AVGO

NVDA

SOXX

TFLO

TLH

VGLT

A screening of medium-cap ETFs revealed significant changes in net assets. iShares Treasury Floating Rate Bond ETF (TFLO) and Vanguard Long-Term Treasury ETF (VGLT) saw increases in net assets, adding $2.13 billion and $861.59 million respectively. iShares 10-20 Year Treasury Bond ETF (TLH) and iShares Semiconductor ETF (SOXX) lost $624.5 million and $233.30 million in net assets respectively. SOXX's largest holdings are NVIDIA Corporation (NVDA) and Broadcom Inc. (AVGO).

Portfolio Pulse from Johnny Rice

July 24, 2023 | 8:06 pm

KRE

KWEB

LIT

XOP

Medium-cap ETFs have seen varied returns this week. SPDR S&P Regional Banking ETF (KRE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) have seen positive returns of 7.54% and 5.43% respectively. However, Global X Lithium & Battery Tech ETF (LIT) and KraneShares CSI China Internet ETF (KWEB) have seen negative returns of 4.18% and 3.69% respectively.

Portfolio Pulse from Johnny Rice

July 24, 2023 | 8:05 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) as indicated by unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $25.0 to $90.0 for Charles Schwab over the last 3 months. The current price of SCHW is $66.42, down by 0.08%. Various experts have maintained their ratings on Charles Schwab with price targets ranging from $60 to $77.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:01 pm

BA

Boeing (NYSE:BA) has outperformed the market over the past 20 years, producing an average annual return of 9.82%. If an investor had bought $100 of BA stock 20 years ago, it would be worth $662.92 today. The company currently has a market capitalization of $129.70 billion.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 8:00 pm

PNC

Unusual options activity has been observed for PNC Financial Services Group (NYSE:PNC), with a large position indicating a bullish stance. The activity includes 10 uncommon options trades, split between 60% bullish and 40% bearish. The targeted price range for PNC over the last 3 months is $135.0. Morgan Stanley has downgraded PNC to Underweight with a price target of $137, while Credit Suisse maintains a Neutral rating with a price target of $135.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:45 pm

SE

A significant bearish stance has been taken on Sea (NYSE:SE) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 16% bullish and 83% bearish. Out of the special options, 9 are puts, for a total amount of $701,269, and 3 are calls, for a total amount of $112,380. The whales have been targeting a price range from $30.0 to $90.0 for Sea over the last 3 months.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:45 pm

NKE

A large bearish position has been taken on Nike (NYSE:NKE), as observed in publicly available options history. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $55.0 to $130.0 for Nike over the last 3 months. The price of NKE is currently down -0.27% at $108.77, and RSI indicators suggest the stock may be approaching oversold.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 10 years by 22.09% on an annualized basis, producing an average annual return of 32.5%. If an investor had bought $100 of CDNS stock 10 years ago, it would be worth $1,679.85 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years, producing an average annual return of 12.13%. If an investor had bought $100 of ROST stock 20 years ago, it would be worth $1,027.25 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm