Streetbeat News

Assets

ASND

Ascendis Pharma (NASDAQ:ASND) has significantly outperformed the market over the past decade, with an annualized return of 55.34%, turning a $100 investment into $8,187.29 today. The company's market capitalization stands at $8.28 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:00 pm

MCK

Over the past 10 years, McKesson (NYSE:MCK) has delivered an average annual return of 12.31%, turning a $1000 investment into $3,213.89. With a current market cap of $70.78 billion, MCK has outperformed the market by 1.42% on an annualized basis.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:00 pm

CCJ

Smart money investors have shown a significant bullish interest in Cameco (NYSE:CCJ) options, with a notable volume of trades indicating a target price range of $33.0 to $55.0. The analysis of options trades over the last 3 months reveals a 60% bullish and 40% bearish sentiment among big-money traders. Significant trades include bullish calls with strike prices ranging from $46.00 to $50.00. Cameco, a major uranium producer, has seen its stock price slightly increase by 0.25% to $47.8, with analysts from Goldman Sachs setting a target price of $55.0.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 4:46 pm

SPY

Fed Chair Powell announced that the economy is rebalancing, particularly in interest-sensitive sectors like housing, due to a recovery on the supply side that is stimulating both new demand and supply.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:38 pm

NRG

NRG Energy, Inc. (NYSE:NRG) plans to repurchase approximately $251 million of its 2.75% convertible senior notes due 2048 from certain holders. The repurchases are expected to close by April 18, 2024, leaving around $232 million of these notes outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:36 pm

LMT

Over the past 20 years, Lockheed Martin (NYSE:LMT) has produced an average annual return of 11.96%, outperforming the market by 4.12% on an annualized basis. A $1000 investment in LMT 20 years ago would be worth $9,583.24 today, showcasing the impact of compounded returns over time. Lockheed Martin's current market capitalization stands at $109.18 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 4:30 pm

HD

Over the past 10 years, Home Depot (NYSE:HD) has produced an average annual return of 16.69%, outperforming the market by 5.8%. A $1000 investment in HD a decade ago would now be worth $4,678.08. Home Depot's market capitalization currently stands at $359.00 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 4:30 pm

BCH

Bitcoin Cash (BCH) is down 5.9% to $591.63, moving in tandem with a broader cryptocurrency market downturn led by a 6% fall in Bitcoin over the past week. The decline in Bitcoin often signals bearish sentiment across the market, affecting altcoins like Bitcoin Cash. Additionally, Bitcoin's role as a common trading pair for Bitcoin Cash on exchanges means its price drop directly impacts Bitcoin Cash's value.

Portfolio Pulse from Henry Khederian

April 03, 2024 | 4:17 pm

SPY

Fed Chair Powell highlighted the economy's solid growth and a strong but rebalancing labor market. He noted that inflation is on a path to decrease to 2%, albeit on a sometimes bumpy trajectory. The rebalancing of the labor market is evidenced by data on quits, job openings, and surveys from employers and workers, alongside a continued gradual decline in wage growth.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:12 pm

MPC

XLE

XOM

Oil prices are expected to reach $95 per barrel this summer due to tight supply, increasing demand, and geopolitical tensions, according to Francisco Blanch of Bank of America. Factors influencing this projection include low inventories, OPEC+ production cuts, geopolitical issues, and economic growth. U.S. energy stocks, particularly in the Energy Select Sector SPDR Fund (XLE), Exxon Mobil Corp. (XOM), and Marathon Petroleum Corporation (MPC), have seen significant gains with oil's price surge.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 4:06 pm