Streetbeat News

Assets

NVDA

Ray Dalio's Bridgewater sold 27% of its Nvidia stake, reducing its position by over 1.8 million shares. The firm is increasing its investment in two other AI stock-split stocks.

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November 20, 2024 | 10:30 am

CAN

Canaan Inc. has entered into a securities purchase agreement to issue and sell up to 30,000 Series A-1 Preferred Shares to an institutional investor. The proceeds will be used to expand its digital mining operations and equipment in North America.

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November 20, 2024 | 10:30 am

HQY

HealthEquity's recent profit growth is impressive, with future growth dependent on capital reinvestment due to its asset-light business model. The company benefits from a strong core asset base that supports continued growth in operating earnings.

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November 20, 2024 | 10:30 am

BABA

Michael Burry, known for his 'Big Short' strategy, has invested in three industry-leading stocks that are historically cheap and cash-rich during the September-ended quarter.

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November 20, 2024 | 10:00 am

SRRTF

Slate Grocery REIT's 8.5% distribution yield is now safer due to operational improvements and debt refinancing. The REIT, owning 116 grocery-anchored properties in the U.S., benefits from major tenants like Kroger and Walmart, ensuring steady cash flow and tenant demand.

Portfolio Pulse from

November 20, 2024 | 8:30 am

AVVIY

Aviva PLC's fund management division is placing three UK waste-to-energy incinerator power plants into administration after writing off over £350 million on the investment.

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November 20, 2024 | 8:15 am

MFC

Manulife Investment Management's Rana Gupta favors large private sector banks and quick commerce companies in India. However, he warns of potential capital outflows due to foreign promoters selling IPOs.

Portfolio Pulse from

November 20, 2024 | 7:00 am

NVGS

Navigator Holdings (NVGS) has shown strong performance with a 12.3% YTD gain. The company reported increased YoY revenue and EBITDA in 3Q24, and restructured its balance sheet to lower capital costs and extend debt maturity by five years.

Portfolio Pulse from

November 20, 2024 | 5:45 am

VCLT

VCLT, an ETF tracking the Bloomberg U.S. 10+ Year Corporate Bond Index, has been affected by economic conditions and Fed policies, experiencing losses in 2018 and 2022 due to rate hikes. Stabilizing conditions and potential rate cuts could enhance its attractiveness.

Portfolio Pulse from

November 20, 2024 | 4:15 am

CMCSA

Comcast plans to spin off its MSNBC and CNBC entertainment channels due to the impact of streaming services on cable. Comcast will retain NBCUniversal's NBC broadcast network, film and television studios, theme parks, and Peacock streaming service.

Portfolio Pulse from

November 20, 2024 | 2:00 am