Streetbeat News

Assets

INTC

Intel has announced the appointment of Lorenzo Flores as CFO of Intel Foundry, starting April 8, 2024. Flores brings nearly 30 years of experience in the semiconductor and technology sectors, most recently serving as CFO of Xilinx. This appointment follows that of Mark Henninger as CFO of Intel Products, with both reporting to Zinsner.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:07 pm

BX

Over the last three months, 11 analysts have provided diverse opinions on Blackstone (NYSE:BX), with recent ratings showing a shift towards neutrality. The average 12-month price target for BX has increased to $126.91, up 3.85% from $122.20. Analyst actions include both upgrades and downgrades, reflecting changing market dynamics and Blackstone's performance. Despite the mixed analyst outlook, Blackstone faces financial challenges, including a -27.18% decline in revenue growth and below-average profitability metrics as of December 31, 2023. The company, the world's largest alternative-asset manager, has a significant market presence but struggles with high debt levels and efficiency in asset and equity utilization.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

CMC

Over the past 10 years, Commercial Metals (NYSE:CMC) has produced an average annual return of 11.93%, outperforming the market. An investment of $1000 in CMC a decade ago would now be worth $3,128.20. The company currently has a market capitalization of $6.84 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 8:00 pm

ADAUSD

BTCUSD

ETHUSD

XRPUSD

Cryptocurrencies, including Bitcoin (BTCUSD), Ethereum (ETHUSD), Cardano (ADAUSD), and Ripple (XRPUSD), are experiencing a decline in value due to a decrease in risk assets and uncertainty surrounding Federal Reserve policies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:52 pm

GLD

SLV

Gold and silver prices are on the rise due to increasing uncertainty in the Middle East, potentially boosting the appeal of these metals as safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:48 pm

IYH

QQQ

USO

XLK

Oil prices increased, while healthcare and technology stocks declined due to rising yields. The ETFs IYH, QQQ, XLK, and USO are directly impacted by these market movements.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:47 pm

IAG

SMMYY

Iamgold Corporation (NYSE:IAG) has achieved a significant milestone by pouring the first doré bar at its Côté project in northern Ontario, signaling a step closer to full-scale gold production. The Côté mine, a joint venture with Sumitomo Metals Mining (OTCPK: SMMYY), is expected to become one of Canada's largest gold producers. The project, which is designed for a fully automated haulage fleet, has an estimated mine life of 18 years with significant gold reserves and resources.

Portfolio Pulse from Stjepan Kalinic

April 02, 2024 | 7:39 pm

BTCUSD

Bitcoin has seen significant growth, rallying over 55% since the year's start and nearly 135% over the past year, driven by the approval of spot Bitcoin ETFs and anticipation of the upcoming halving event. Anthony Pompliano of Pomp Investments highlighted Bitcoin's recent milestones and predicted a potential 300% rally post-halving, attributing the surge to a combination of demand shock and upcoming supply shock. He also discussed Bitcoin as an inflation hedge and a forward-looking asset, especially in the context of rising inflation and the asset's performance against the US dollar.

Portfolio Pulse from Adam Eckert

April 02, 2024 | 7:39 pm

CDW

CDW (NASDAQ:CDW) has significantly outperformed the market with an average annual return of 24.83% over the past 10 years, turning a $100 investment into $912.01 today. The company's market capitalization stands at $33.68 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:30 pm

CVE

Cenovus Energy (NYSE:CVE) has delivered an average annual return of 16.2% over the past 5 years, outperforming the market by 3.81% on an annualized basis. A $1000 investment in CVE 5 years ago would now be worth $2,175.19, showcasing the impact of compounded returns on investment growth. Cenovus Energy currently has a market capitalization of $37.78 billion.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 7:30 pm