Streetbeat News

Stock Prices

Mastercard (NYSE:MA) has outperformed the market over the past 10 years by 10.24% on an annualized basis, producing an average annual return of 20.79%. If an investor had bought $1000 of MA stock 10 years ago, it would be worth $6,673.24 today.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:30 pm

BABA

BEKE

BIDU

BILI

NTES

PDD

TAL

TME

Chinese stocks are experiencing a surge following China's decision to reduce the minimum down payment on mortgages as a stimulus measure.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 2:30 pm

VFS

VinFast Auto shares are experiencing continued volatility following its recent debut on Nasdaq.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 2:26 pm

LUNR

Intuitive Machines Inc (NASDAQ:LUNR) has secured a $20 million equity investment from an institutional investor. The funds will be used for general corporate purposes and working capital needs. The company does not expect to utilize the previously disclosed $50 million Committed Equity Facility. The CEO mentioned the expected launch of lunar space development projects and the transition of NASA's $719 million OMES III contract.

Portfolio Pulse from Shivani Kumaresan

September 01, 2023 | 2:26 pm

USO

Saudi Arabia's Aramco is considering selling $50 billion in shares, which would be the largest offering in capital-markets history. The Kingdom has decided to host any new Aramco offering on the Riyadh Exchange.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 2:19 pm

CGC

MSOS

TLRY

The AdvisorShares Pure US Cannabis ETF (MSOS) surged by over 14% on news that the Department of Health and Human Services was directing the DEA to ease federal restrictions on cannabis. By the end of the day, MSOS was the top-performing ETF for August, gaining over 20% for the month. Other cannabis stocks also saw significant gains, including Trulieve Cannabis, Cresco Labs, MedMen Enterprises, Canopy Growth, C21 Investments, Curaleaf Holdings, and Tilray Brands.

Portfolio Pulse from Maureen Meehan

September 01, 2023 | 2:19 pm

NVS

Novartis Inc.'s (NYSE:NVS) share price is currently at $101.05, after a 0.57% increase. Over the past month, the stock has decreased by 0.74%, but it has spiked by 26.68% in the past year. The company's P/E ratio is lower than the aggregate P/E of the Pharmaceuticals industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 2:15 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) has announced an agreement to repurchase 55.3 million shares of its own stock from the U.S. government for $605.7 million. The shares were initially seized from Sam Bankman-Fried, the founder of FTX, following his bankruptcy and ongoing legal issues. The repurchase agreement pushed Robinhood's shares up by nearly 3% in Friday's early session.

Portfolio Pulse from AJ Fabino

September 01, 2023 | 2:14 pm

VALE

JP Morgan has upgraded Vale's stock from Neutral to Overweight, leading to a rise in Vale's share prices.

Portfolio Pulse from Bill Haddad

September 01, 2023 | 2:13 pm

CURLF

MSOS

Cannabis stocks rallied after a leaked letter revealed that the U.S Department of Health and Human Services (HHS) recommended the Drug Enforcement Administration (DEA) reclassify cannabis from Schedule I to Schedule III under federal law. This move is seen as the most significant federal cannabis reform in modern history. The U.S canna ETF MSOS and Curaleaf (OTC:CURLF) are among the stocks that could benefit from this development.

Portfolio Pulse from Todd Harrison

September 01, 2023 | 2:08 pm