Streetbeat News

Assets

ACM

Over the past 5 years, AECOM (NYSE:ACM) has produced an average annual return of 24.68%, outperforming the market by 11.83%. A $100 investment in ACM 5 years ago would now be worth $303.07. AECOM's market capitalization stands at $12.50 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 9:00 pm

COIN

Coinbase Global announced a proposed private offering of $1 billion of convertible senior notes due 2030, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:45 pm

WKC

World Kinect Corporation (NYSE:WKC) has agreed to sell the Avinode Group and its aviation software products to CAMP Systems International, a Hearst subsidiary, for about $200 million. The sale is part of WKC's strategy to focus its portfolio and will use the proceeds to repay debt, reducing interest expenses by $10 million annually. The deal is expected to close within 60 days, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:41 pm

AIRE

reAlpha Tech Corp. reported financial results for the 8-month transition period ending December 31, 2023, with an EPS of $(0.03), improved from $(0.13) the previous year. Revenue decreased to $121,690 from $284,666, mainly due to lower rental income and the sale of myAlphie. Cash and equivalents rose to $6,456,370 from $1,256,868. Net loss decreased to $1,251,259 from $4,241,555, largely due to the sale of myAlphie. Adjusted EBITDA improved to $(2,297,480) from $(4,031,674).

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:37 pm

SPY

USO

The latest USA API Weekly Crude Oil Stock report indicates a significant draw of 5.521 million barrels, contrasting with the previous estimate of a 0.400 million barrel build and a prior build of 0.423 million barrels.

Portfolio Pulse from Happy Mohamed

March 12, 2024 | 8:33 pm

KKR

KKR & Co (NYSE:KKR) has significantly outperformed the market over the past decade, with an annualized return of 15.53%, turning a $100 investment into $426.76 today. The company's market capitalization stands at $87.77 billion, highlighting its substantial growth and the impact of compounded returns over time.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 8:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has seen a 29.03% increase in its short percent of float since the last report, with 20.52 million shares sold short, representing 0.4% of available shares. This indicates a bearish market sentiment but does not necessarily predict a near-term price fall. Compared to its peers, TSM has a lower short interest percentage of float at 3.90%, suggesting less bearish sentiment among its peer group.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 8:30 pm

DE

Over the past 5 years, Deere (NYSE:DE) has outperformed the market with an annualized return of 18.38%, turning a $100 investment into $235.63. Deere's market capitalization stands at $103.73 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 8:30 pm

EWBC

East West Bancorp (NYSE:EWBC) has seen a decrease in short interest, with 4.35 million shares sold short, representing 3.51% of its float. This marks a 5.39% decline since the last report. The current short interest suggests a bullish sentiment among investors, as it is lower than the peer group average of 3.54%. Short interest is a key indicator of market sentiment, and a decrease often signals increased bullishness.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 8:30 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) plans to offer $1B in Convertible Senior Notes due 2030 to qualified institutional buyers, with an option for an additional $150M to cover over-allotments. The notes, maturing on April 1, 2030, will be senior, unsecured obligations convertible into cash, shares, or a combination. Terms will be set upon pricing. Coinbase also aims to enter capped call transactions to reduce potential dilution or offset cash payments required upon conversion, subject to a cap.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:24 pm