Streetbeat News

Revenues

MUX

STLA

Robert McEwen, a prominent mining executive, discusses his journey in the mining industry, his innovative approaches, and his current ventures with McEwen Mining (NYSE:MUX) and McEwen Copper. He highlights the importance of understanding cyclicality and seasonality in commodity prices and mentions the significant role of copper in modern technologies, with Stellantis (NYSE:STLA) being a major shareholder in McEwen Copper's Los Azules project.

Portfolio Pulse from Stjepan Kalinic

July 24, 2024 | 7:23 pm

ARES

BAX

Carlyle Group's potential $4 billion acquisition of Baxter International's kidney-care division is being financed by Ares Management and HPS Investment Partners with a $3 billion credit facility. The deal, which includes a $2.5 billion unitranche loan and a $450 million revolver, is still under negotiation. Baxter's Vantive division generated $4.5 billion in revenue in 2023.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 7:16 pm

Zillow shares are trading lower following a decline in new home sales in June. Stocks across sectors are also down amid a broader selloff in tech.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:13 pm

JBLU

JetBlue is expanding its services in New England by adding 20% more seats this winter. The airline is also launching new routes, including Manchester and Buffalo to West Palm Beach, with fares starting at $49.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 7:08 pm

COST

NVR

WMT

Costco Wholesale Corp (NASDAQ:COST) is in prime stock-split territory with its share price trading above $800. The company's strong financial performance and recent growth make it a noteworthy candidate for a stock split, similar to Walmart Inc's (NYSE:WMT) recent 3-for-1 split. Despite not having split its stock since 2000, Costco's robust revenue growth and increased membership fees indicate confidence in continued growth.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 7:04 pm

BITW

BLK

ETHE

Spot Ethereum ETFs had a strong first trading day, with significant inflows and trading volumes. Analysts are optimistic about Ethereum's price breaking its current consolidation and reaching new all-time highs. Major demand was noted for BlackRock's and Bitwise's products, while Grayscale saw outflows.

Portfolio Pulse from Khyathi Dalal

July 24, 2024 | 7:02 pm

Blackstone (NYSE:BX) has outperformed the market over the past 10 years with an average annual return of 15.27%, surpassing the market by 4.61% annually. A $100 investment in BX 10 years ago would now be worth $412.50. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 7:00 pm

CDNS

Cadence Design Systems (NASDAQ:CDNS) has significantly outperformed the market over the past 15 years, delivering an average annual return of 28.55%. A $1000 investment in CDNS 15 years ago would be worth $43,211.08 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 7:00 pm

NVO

The UK's NHS has prescribed Novo Nordisk's weight-loss drug Wegovy far less than expected due to a shortage of weight management clinics. Despite high demand and regulatory approval for reducing heart risks, the drug's international supply is limited. The NHS has prioritized supplies of Ozempic, another Novo Nordisk drug for type-2 diabetes, over Wegovy. The shortfall is also due to a lack of specialist NHS weight-loss services.

Portfolio Pulse from Vandana Singh

July 24, 2024 | 6:58 pm

APG

EME

FIX

IESC

PWR

STRL

Shares of construction companies are trading lower possibly amid a decline in Treasury yields following PMI data.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:33 pm