Streetbeat News

Stock Prices

USO

OPEC has postponed its summit due to disagreements among its African member nations regarding the assessment of oil output. The organization is facing challenges in reaching a consensus on production levels, which is crucial for global oil supply and pricing.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:31 pm

NKE

Over the past 20 years, Nike (NYSE:NKE) has produced an average annual return of 13.5%, outperforming the market by 6.03% on an annualized basis. A $1000 investment in Nike 20 years ago would be worth $12,709.59 today. Nike's current market capitalization stands at $162.60 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:30 pm

DLR

Over the past 10 years, Digital Realty Trust (NYSE:DLR) has produced an average annual return of 11.33%, outperforming the market by 1.66% on an annualized basis. A $1000 investment in DLR a decade ago would now be worth $2,919.01. Digital Realty Trust currently has a market capitalization of $41.26 billion.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:30 pm

PROK

ProKidney Corp has filed with the SEC for a mixed shelf offering of up to $500 million. This move allows the company to sell various types of securities to the public up to the total value of $500 million, providing flexibility for future financing needs.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:26 pm

INCY

Goldman Sachs analyst Salveen Richter has maintained a Neutral rating on Incyte (NASDAQ:INCY) but has lowered the price target from $98 to $65.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:20 pm

TOPS

TOP Ships Inc. has successfully extended the time charter employment for two of its Very Large Crude Carriers (VLCC) for approximately three years. The daily rate for each vessel is set at $41,500, with an option for the charter to extend for an additional two years.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:19 pm

ASO

BILL

F

GRAB

INTL

RC

Jim Cramer, on CNBC's 'Mad Money Lightning Round,' expressed his views on several stocks. He recommended passing on Grab Holdings Limited (GRAB) due to its significant losses and was not in favor of BILL Holdings, Inc. (BILL) as he finds the service overpriced. Cramer acknowledged Academy Sports and Outdoors, Inc. (ASO) is undervalued but is stereotyped as a gun stock. He is adopting a 'wait and see' approach for Ford Motor Company (F) until the next quarterly results. Cramer praised Intel Corporation (INTL) for performing well and did not recommend selling it. He expressed uncertainty about Ready Capital Corporation (RC) and refrained from recommending it. The mentioned stocks experienced various price movements during Tuesday's session.

Portfolio Pulse from Lisa Levin

November 22, 2023 | 2:18 pm

BCS

C

SCGLY

WFC

Citigroup Inc (NYSE:C) is planning to launch a direct lending strategy by early January to tap into the $1.6 trillion private credit market. This move is part of a trend among banks like Wells Fargo & Co (NYSE:WFC), Barclays Plc (NYSE:BCS), and Societe Generale SA (OTC:SCGLY), which are expanding into private debt. Citigroup's strategy will offer a range of financing options, including high-yield bonds, leveraged loans, or private credit, to meet the needs of companies and private equity owners, especially in anticipation of a rise in buyout deals.

Portfolio Pulse from Vandana Singh

November 22, 2023 | 2:15 pm

TFC

Truist Finl Inc. (NYSE:TFC) saw a 0.25% drop in its share price to $31.50 in the current market session, despite a 13.91% increase over the past month. However, the stock has fallen 32.12% over the past year. The company's P/E ratio is lower than the Banks industry average, which could indicate that the stock is undervalued or that it may perform worse than its peers.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 2:15 pm

GDC

GD Culture Group Limited (NASDAQ:GDC), through its subsidiary AI Catalysis Corp., announced the release of DigiTrax Entertainment's AI music production software, KR38R PRO. This tool, which has been in development for seven years and is based on seven patents, integrates with major digital audio workstations to streamline the music composition process. The launch is part of a series of AI-powered music technology products that aim to transform the music industry and provide value to artists, labels, and shareholders.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 2:13 pm