The Latest Breaking News from NYSE

$100 Invested In This Stock 20 Years Ago Would Be Worth $3,000 Today

Mettler-Toledo Intl (NYSE:MTD) has outperformed the market over the past 20 years by 11.78% on an annualized basis producing an average annual return of 18.65%. Currently, Mettler-Toledo Intl has a market capitalization of $26.40 billion.

Benzinga · Jun 15, 2022

Flowserve Bags Contract To Supply Pumps To TMGcore

Flowserve Corp (NYSE:FLS) has secured a contract to provide pumps to TMGcore, Inc., a Texas-based provider of computing solutions specializing in liquid immersion cooling technology. Financial terms were not disclosed. TMGcore will receive 5,000 industrial process pumps from Flowserve and AGI Industries, which will be used in various proprietary immersion cooling units…

Benzinga · Jun 15, 2022

Ominous Death Cross Forms On Southern Copper's Chart

If history is any guide, there may be trouble ahead for shares of Southern Copper (NYSE:SCCO). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga · Jun 15, 2022

This Day In Market History: Pandora Goes Public

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2011, Pandora (OTC: PANDY) went public.

Benzinga · Jun 15, 2022

Post Holdings Expands Post Consumer Brands Business

Post Holdings Inc (NYSE:POST) plans to expand its Post Consumer Brands business by investing up to $110 million. The company will expand its cereal production capacity at its Sparks, Nevada facility. The proposed expansion is expected to provide Post Consumer Brands with additional production volume, address capacity constraints, and reduce transportation costs. Project…

Benzinga · Jun 15, 2022

Nio Premieres ES7 SUV, Revamped 2022 Models: What EV Investors Need To Know

Nio, Inc. (NYSE: NIO) stock is retreating in Wednesday's session following a virtual product launch highlighted by the premiere of the ES7 SUV. 

Benzinga · Jun 15, 2022

Benzinga's Top Ratings Upgrades, Downgrades For June 15, 2022

Upgrades

Benzinga · Jun 15, 2022

Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage.  Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

Benzinga · Jun 15, 2022

Mid-Morning Market Update: Markets Open Higher; US Retail Sales Drop In May

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Wednesday.

Benzinga · Jun 15, 2022

Boston Scientific Buys Substantial Stake In Korean MedTech Player

Boston Scientific Corporation (NYSE:BSX) has agreed to purchase Synergy Innovation Co Ltd's majority stake (~64%) of M.I.Tech Co Ltd, a publicly-traded Korean manufacturer, and distributor of medical devices for endoscopic and urologic procedures.  The deal is valued at KRW 14,500 per share, representing KRW 291.2 billion or approximately $230 million. M.I.Tech offers HANAROSTENT technology, a…

Benzinga · Jun 15, 2022