Streetbeat News

Assets

ORCL

Over the past 5 years, Oracle (NYSE:ORCL) has produced an average annual return of 16.36%, outperforming the market by 4.75% annually. With a current market capitalization of $324.35 billion, a $100 investment in ORCL 5 years ago would now be worth $214.25. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:30 pm

Fitch Ratings indicates that Boeing's near-term financial pressures will be largely mitigated by a reduction in inventory and optimization of production. Additionally, Fitch forecasts approximately 75 deliveries of the 787 aircraft throughout the year, with a production rate of low-to-mid single digits per month.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:29 pm

GIS

General Mills is reportedly considering the sale of its North America yogurt portfolio, which could be valued at over $2 billion, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:21 pm

CAT

Investors have shown a bearish stance on Caterpillar (NYSE:CAT), with unusual options activity indicating a mixed sentiment among big-money traders. Benzinga's options scanner revealed 19 uncommon trades, with a sentiment split of 36% bullish and 47% bearish. The trades suggest a price target range for CAT between $315.0 and $400.0. Notable options activity includes both calls and puts with varying sentiments and strike prices. Caterpillar, a leading manufacturer of heavy equipment, has seen its stock price increase by 1.95% to $344.58, with indicators suggesting it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:16 pm

BTCUSD

Arthur Hayes, BitMEX Co-founder, encourages crypto investors to maintain their conviction in the ongoing bull market, emphasizing the macroeconomic environment of currency debasement as a fundamental reason for the crypto rally. He advocates for a 'Left Curve' mentality of buying and holding cryptocurrencies, highlighting Bitcoin's increasing institutional adoption and potential as a hedge against currency debasement and negative real yields. Hayes predicts further economic stimulus measures ahead of the 2024 U.S. presidential election, bolstering Bitcoin's appeal.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 6:15 pm

LYB

LyondellBasell Industries plans to exit its Houston refinery business, recording liabilities of $262M as of March 31, 2024. The estimated asset retirement obligations for the Houston refinery range from $150M to $450M, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 6:02 pm

FICO

Over the past 10 years, Fair Isaac (NYSE:FICO) has outperformed the market with an annualized return of 34.84%, turning a $100 investment into $1,964.50. The company's market capitalization stands at $29.20 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:00 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market with an annualized return of 39.46% over the past 5 years, turning a $100 investment into $529.45 today. The company's market capitalization stands at $21.42 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 6:00 pm

CVX

GOOGL

IWM

MAGS

MSFT

XOM

Strong earnings from Alphabet Inc. and Microsoft Corp. have led to a market rebound, with the S&P 500 and Nasdaq 100 seeing significant gains. The Roundhill Magnificent Seven ETF and iShares Russell 2000 ETF also rose. However, Exxon Mobil Corp. and Chevron Corp. saw declines after disappointing earnings. Other notable movements included a surge in Alphabet Inc., Microsoft Corp., Amazon.com Inc., and Nvidia Corp. shares, while Intel Corp. and several others fell post-earnings.

Portfolio Pulse from Piero Cingari

April 26, 2024 | 5:45 pm

AFRM

AGNC

BAC

CRBG

KEY

KNSL

PYPL

Today's session highlighted significant options activity for financial stocks, with whale alerts indicating potential trading opportunities. The activity spanned across various companies, including KEY, BAC, AGNC, C, CRBG, PYPL, MS, KNSL, SQ, and AFRM, showcasing a mix of bullish, bearish, and neutral sentiments. These movements, based on large transactions in the options market, suggest varying investor expectations for these stocks' future performances.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:35 pm