Streetbeat News

Assets

ACN

Over the past 20 years, Accenture (NYSE:ACN) has delivered an average annual return of 13.71%, outperforming the market by 6.03% on an annualized basis. A $1000 investment in ACN 20 years ago would be worth $12,991.18 today, showcasing the impact of compounded returns over time. Accenture's current market capitalization stands at $199.22 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:00 pm

MDT

Medtronic's (NYSE:MDT) short interest has increased by 8.05% since the last report, with 12.43 million shares sold short, representing 0.94% of its float. This indicates a bearish market sentiment, although it's lower than its peers' average of 4.21%. The coverage time for these short positions is approximately 2.18 days based on current trading volumes.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:00 pm

SM

SM Energy (NYSE:SM) has seen an 11.59% increase in short interest since its last report, with 10.47 million shares sold short, representing 13.29% of its float. It would take about 7.29 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards SM Energy, although it's not a definitive predictor of stock price movement. SM Energy has a higher short interest compared to its peer group average of 6.58%, suggesting more bearish sentiment among investors compared to its peers.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:00 pm

ALK

BA

Alaska Air is expected to receive 10-20 Boeing 737 Max aircraft deliveries in 2024, a decrease from the 23 aircraft received previously, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:37 pm

COP

A group of creditors has hired Centerview Partners to explore a bid for shares of Citgo's parent company. They are encouraging ConocoPhillips to join their bid, though ConocoPhillips remains undecided. Elliott Investment Management, PBF, and Koch Industries are also considering bids in Citgo's court auction.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:32 pm

TGT

Over the past 5 years, Target (NYSE:TGT) has outperformed the market with an annualized return of 15.27%, turning a $100 investment into $203.88 today. Target's market capitalization stands at $76.62 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 13.76% over the past 10 years, outperforming the market by 3.4% annually. A $100 investment in ADP a decade ago would be worth $362.85 today, showcasing the impact of compounded returns on investment growth. ADP's current market capitalization stands at $99.81 billion.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 4:30 pm

BTCUSD

The upcoming fourth Bitcoin halving, scheduled for around April 20, will reduce miner rewards from 6.25 BTC to 3.125 BTC, impacting mining profitability and potentially influencing Bitcoin's price and ecosystem. Efficiency in mining operations will become crucial, and transaction fees will gain importance for miner revenue. The event could attract institutional investors due to the launch of spot Bitcoin ETFs, contributing to demand. Historical trends suggest possible price appreciation post-halving, but investors should be wary of volatility and macroeconomic factors.

Portfolio Pulse from Murtuza Merchant

April 18, 2024 | 4:30 pm

BLK

MSCI

SPY

A House Committee investigation has revealed that Wall Street firms, including BlackRock and MSCI, have directed billions of dollars into Chinese companies that are on U.S. blacklists. The probe's findings highlight concerns over American investment flows into firms that may be involved in activities contrary to U.S. interests.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:27 pm

TLT

UTEN

Treasury yields on the 10-year note have reached 4.70%, the highest since early November 2023, amid inflation and strong economic data, challenging expectations of Federal Reserve rate cuts. Fed Chair Jerome Powell's recent comments added to market concerns, not supporting a quick return to the Fed's 2% inflation target. This situation has negatively impacted Treasury-related ETFs, with UTEN and TLT experiencing significant declines in April. Vanguard's Ales Koutny warned that yields surpassing 4.75% could lead to a severe market sell-off, potentially pushing rates to or beyond 5%. Despite this, some investors have shown optimism, as indicated by a successful 20-year Treasury auction and a shift towards net long positions in Treasuries for the first time since March.

Portfolio Pulse from Piero Cingari

April 18, 2024 | 4:26 pm