Streetbeat News

Assets

Sea (NYSE:SE) has outperformed the market over the past 5 years, producing an average annual return of 32.4%. If an investor had bought $1000 of SE stock 5 years ago, it would be worth $4,076.91 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:30 pm

SPY

UNG

The USA Natural Gas Storage reported a figure of 49B, which is lower than the estimated 51B and the prior figure of 72B.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 2:30 pm

ADBE

AMZN

GOOG

HYMTF

MDT

META

PEP

SONY

TSLA

VSAT

XOM

Several companies have made significant announcements. Meta Platforms is preparing to launch a commercial version of its AI model, competing with Microsoft and Alphabet. Viasat shares dropped after an unexpected event during satellite deployment. The UK's CMA is investigating Adobe's $20B acquisition of Figma. PepsiCo reported better than expected Q2 earnings. Exxon Mobil is acquiring Denbury for $4.9B. Hyundai's Kia is investing $200M in a Georgia facility. Medtronic is facing a whistleblower lawsuit alleging a bribery scheme. The FDA is reviewing an energy drink founded by YouTube stars. Google is launching its AI chatbot, Bard, in Europe and Brazil. The NLRB filed a complaint against Amazon. Tesla plans to sell a $1,670 electric quad bike for children in China. JD.com is developing AI applications. Carlyle Group and Trustar Capital plan to exit part of their stakes in McDonald's China. Sony is ramping up R&D spending in its game business.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 2:10 pm

AGIXUSD

BTCUSD

ETHUSD

KAVAUSD

Bitcoin and Ethereum traded lower, with Bitcoin above $30,500 and Ethereum below $1,900. SingularityNET was the top gainer over the past 24 hours, while Kava was the biggest loser. The global crypto market cap rose to $1.19 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

July 13, 2023 | 2:10 pm

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) shares are rising after the announcement that it will be awarded a new U.S. patent for the design of the assembly case of its GC3 12V 270Ah LiFePO4 deep cycle battery. The company believes this design provides more flexible solutions and increased energy density compared to traditional battery form factors. The patent will add to the company's portfolio of more than 55 issued patents and pending applications.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 2:08 pm

PGC

Peapack-Gladstone Financial Corporation (PGC) has announced plans to expand into New York City. The company has officially filed an application to open a location in Manhattan and is actively recruiting from the Tri-State area.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 2:05 pm

SBAC

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 10 years, producing an average annual return of 11.83%. If an investor had bought $100 of SBAC stock 10 years ago, it would be worth $304.82 today. The company currently has a market capitalization of $25.98 billion.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:01 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has outperformed the market over the past 20 years by 2.63% on an annualized basis, producing an average annual return of 10.47%. If an investor had bought $100 of MRVL stock 20 years ago, it would be worth $738.46 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 2:00 pm

HYMTF

Kia, a subsidiary of Hyundai Motor Company, is investing over $200 million to expand its assembly plant in Georgia, USA. The expansion, which will create nearly 200 additional jobs, is aimed at assembling the all-electic 2024 EV9 three-row SUV. This will be Kia's first EV to be assembled in North America. Hyundai's shares closed higher by 0.28% at $42.61 on Wednesday.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 1:59 pm

AMAT

Investor Business Daily SwingTrader has reportedly purchased stock in Applied Materials (AMAT).

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 1:57 pm