Streetbeat News

Assets

OKE

ONEOK (NYSE:OKE) has outperformed the market over the past 20 years by 1.82% on an annualized basis, producing an average annual return of 9.41%. If an investor had bought $100 of OKE stock 20 years ago, it would be worth $599.80 today.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 3:30 pm

MU

A significant number of call options for Micron Technology (MU) with a strike price of $70, expiring on September 15, were purchased near the ask price. The volume of these options was 1095, compared to an open interest of 6109. The reference price for MU was $64.96.

Portfolio Pulse from Charles Gross

June 29, 2023 | 3:30 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) has filed a legal rebuttal to the lawsuit initiated by the U.S. Securities and Exchange Commission (SEC), arguing that the digital assets available for trading on its platform are beyond the SEC's regulatory scope. The SEC had accused Coinbase of offering about a dozen cryptocurrencies that were not registered securities. Coinbase contends that these cryptocurrencies do not qualify as investment contracts and therefore should not be classified as securities.

Portfolio Pulse from Murtuza Merchant

June 29, 2023 | 3:20 pm

EYPT

EyePoint Pharmaceuticals' President & COO, Dr. Jay Duker, announced that the sale of the company's YUTIQ franchise has allowed the company to pay off all its debt and add over $40M in cash to its balance sheet. The company's cash runway has been extended to 2025 and it is now debt-free.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:07 pm

RIG

Transocean has announced a $184 million award for its harsh environment semisubmersible services, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 3:06 pm

AAPL

AMZN

DJIA

GOOG

META

MSFT

NVDA

QQQ

TSLA

The Nasdaq is set to finish the best first half of the year ever, driven by the AI frenzy and the performance of seven key stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. The Nasdaq is up about 30% compared to only 2% for Global X Dow 30 Covered Call ETF and 14% for S&P 500. The Q1 GDP-third estimate came at 2.0% vs. 1.3% consensus, indicating a strong economy in the first quarter. Initial jobless claims came at 239K vs. 266K consensus, indicating a robust jobs picture.

Portfolio Pulse from The Arora Report

June 29, 2023 | 3:05 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 10 years, producing an average annual return of 11.49%. If an investor had bought $1000 of TEL stock 10 years ago, it would be worth $2,971.21 today. The company currently has a market capitalization of $43.26 billion.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 3:01 pm

SYK

Stryker (NYSE:SYK) has outperformed the market over the past 15 years, producing an average annual return of 11.08%. An investment of $1000 in SYK 15 years ago would be worth $4,802.74 today. The company currently has a market capitalization of $113.95 billion.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 3:01 pm

GTVH

Golden Triangle Ventures, Inc. (OTCPK:GTVH) has acquired all assets and intellectual property of Le Pragma, a health, wellness, and beauty products brand. Le Pragma's product line includes CBD products and plans to expand into nootropics and pharmaceutical-grade CBD products. GTVH has developed a marketing strategy for Le Pragma that includes a website refresh, sales distribution expansion, social media influencers, and entry into international markets. Sonder Fulfillment, a subsidiary of GTVH, will distribute all bulk sales of the product line.

Portfolio Pulse from Vuk Zdinjak

June 29, 2023 | 2:58 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading higher, continuing the stock's upward trend with gains of over 20% for June. Catalysts include the company's analyst day, increased revenue diversification, and a clear path to positive operational cash flow. The company also received a $21.8 million grant from the European Commission for an offshore hydrogen production plant. The stock has high short interest with 19.39% of available shares currently sold short.

Portfolio Pulse from Erica Kollmann

June 29, 2023 | 2:54 pm