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CVE

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years, delivering an average annual return of 18.1%. A $1000 investment in CVE 5 years ago would be worth $2,323.13 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:30 pm

TRU

TransUnion shares are trading higher after Wells Fargo initiated coverage on the stock with an Overweight Rating and announced a price target of $100.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:28 pm

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) stock is trading lower after the company announced a $400 million convertible senior notes offering. The proceeds will be used to repurchase existing senior convertible notes due 2026 and pay related fees. The stock's trading volume has significantly increased, and it is currently trading 2.40% lower at $4.69.

Portfolio Pulse from Dylan Berman

August 13, 2024 | 5:24 pm

JBLU

JetBlue Airways shares are trading lower after the company announced a $400 million convertible senior notes offering.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:20 pm

GOOG

GOOGL

Alphabet's shares are under scrutiny after an AI demo failed to work during a keynote presentation. This incident could impact investor confidence in the company's AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 5:19 pm

VWAGY

Volkswagen AG has delayed the launch of its new ID.4 models from the Trinity EV project to the early 2030s due to software issues at its Cariad subsidiary. The project, initially set for a 2026 launch, has been postponed, and the company plans to release an updated ID.4 model in 2026 using a new version of its existing MEB platform. The delay is part of a broader reshuffling of plans and cost-cutting efforts amid weak electric car demand.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 5:18 pm

ETN

Eaton Corp's (NYSE:ETN) short interest has risen by 6.42%, with 4.60 million shares sold short, representing 1.16% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Eaton's short interest is still lower than its peer group average of 11.33%.

Portfolio Pulse from Benzinga Insights

August 13, 2024 | 5:15 pm

CVNA

Carvana Co (NASDAQ:CVNA) shares surged by 7.72% to $143.78 on Tuesday, driven by a softer-than-expected Producer Price Index (PPI) report. The July PPI data showed a 0.1% month-over-month increase, below the anticipated 0.2%, fueling investor speculation of a potential aggressive interest rate cut by the Federal Reserve. This could ease Carvana's financial burden and make auto financing more affordable, potentially boosting sales and revenue.

Portfolio Pulse from Henry Khederian

August 13, 2024 | 5:15 pm

GNLN

Greenlane Holdings (NASDAQ:GNLN) announced a $6.5 million private investment deal with a large institutional investor. The funds will be used for working capital and general corporate purposes. The deal includes issuing 3.36 million units, each consisting of one share of stock and two warrants. The news follows Greenlane's plan to distribute Safety Strips, Inc.'s fentanyl detection test strips, which caused shares to skyrocket by 244.40%. However, shares traded 9.57% lower at $10.40 during Tuesday's pre-market session.

Portfolio Pulse from Nina Zdinjak

August 13, 2024 | 5:05 pm

BX

LBO

PSP

Blackstone Inc. (NYSE:BX) and Regis Group plc's Sage Homes sold over 3,000 shared-ownership homes to Universities Superannuation Scheme Limited for £405 million ($519 million). This marks the largest shared ownership portfolio acquisition since 1990. Additionally, Blackstone is exploring options for Clarion Events, potentially valuing it at up to $2.6 billion. Investors can gain exposure to BX stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and Invesco Global Listed Private Equity ETF (NYSE:PSP). BX shares are up 2.37% at $132.35.

Portfolio Pulse from Lekha Gupta

August 13, 2024 | 5:02 pm