Streetbeat News

Stock Prices

RILY

B. Riley Financial shares have resumed trading after a temporary halt. This development is significant for investors as it may impact the stock's short-term price movement.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:31 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market over the past 20 years, with an average annual return of 21.66%. A $100 investment in VRTX 20 years ago would be worth $4,896.18 today, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:30 pm

MLM

Martin Marietta Materials (NYSE:MLM) has outperformed the market over the past 20 years with an average annual return of 13.22%, surpassing the market by 4.78% annually. A $100 investment in MLM 20 years ago would now be worth $1,179.91.

Portfolio Pulse from Benzinga Insights

August 21, 2024 | 4:30 pm

MCD

NBCC

XLY

McDonald's Corporation (NYSE:MCD) shares are trading higher as the company plans to invest £1 billion in the U.K. and Ireland over the next four years, aiming to open new restaurants and create over 24,000 jobs. This expansion aligns with McDonald's global target of building 10,000 more restaurants by 2027, contributing to a 2% sales growth in 2024. Investors can gain exposure to McDonald's through ETFs like Neuberger Berman Next Generation Connected Consumer ETF (NYSE:NBCC) and Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY).

Portfolio Pulse from Nabaparna Bhattacharya

August 21, 2024 | 4:27 pm

RILY

B. Riley Financial shares have been halted due to a significant upside movement, with the stock now up by 41.84%.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 4:26 pm

CCOI

Cogent Communications Holdings Inc (NASDAQ:CCOI) faces a setback as BofA Securities downgrades its stock from Neutral to Underperform due to delayed growth in wavelength sales. The company is behind schedule in monetizing its Sprint Wireline acquisition, with sales falling below expectations.

Portfolio Pulse from Priya Nigam

August 21, 2024 | 4:24 pm

LCID

NIO

TSLA

XPEV

Chinese EV stocks, including NIO, XPeng, Li Auto, and Lucid Motors, rose after China criticized EU tariffs and pledged industry support. The EU imposed additional tariffs on BEV imports but reduced duties for major automakers like Tesla. China's stimulus plans and trade-in programs are boosting EV sales.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:23 pm

BBAI

EYEN

PAGS

SDIG

SMFL

U.S. stocks traded lower with the Dow Jones, NASDAQ, and S&P 500 all experiencing declines. BigBear.ai shares surged 35% after a subcontractor award, while Smart for Life shares rose 96% due to acquisition talks. Stronghold Digital Mining shares increased 68% following a merger agreement. Eyenovia shares fell 37% after a public offering announcement, Macy's dropped 13% due to weak sales, and PagSeguro Digital fell 12% after second-quarter results.

Portfolio Pulse from Avi Kapoor

August 21, 2024 | 4:15 pm

NVDA

SMH

SOXX

ON Semiconductor is diversifying its supply chain with a new $2 billion facility in the Czech Republic and expanding in South Korea to mitigate risks from Chinese chip suppliers. Despite a recent revenue decline, the stock shows a bullish trend above its 200-day moving average.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:14 pm

BTCUSD

Bitcoin ETFs have seen unprecedented adoption, with $17.5 billion in net flows since January, surpassing historical ETF launches like the Nasdaq-100 QQQs. Despite perceptions of low institutional adoption, Bitcoin ETFs have more institutional holders and AUM than any other ETF in history.

Portfolio Pulse from Murtuza Merchant

August 21, 2024 | 4:14 pm