Streetbeat News

Assets

ACB

Aurora Cannabis Inc. (ACB) has repaid approximately $7.2 million, the final payment on its convertible senior notes, making its cannabis operations debt free except for $47.9 million owed to Bevo Farms Ltd. This repayment concludes nearly $465 million in convertible debt clearance, aiming for positive free cash flow within the year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:07 pm

CVX

Chevron has announced its inaugural solar-to-hydrogen production project in California's Central Valley, aiming to produce low carbon intensity (LCI) electrolytic hydrogen through the process of electrolysis.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:05 pm

BLK

BTCUSD

Alex Thorn from Galaxy Digital predicts Bitcoin (BTC) will reach a new all-time high within weeks, driven by institutional investments, including a record inflow into Bitcoin ETFs led by BlackRock (NYSE:BLK), and the increasing adoption by notable figures and platforms. The surge is attributed to Bitcoin's scarcity, long-term holder conviction, and the transformative impact of Bitcoin ETFs in the U.S., suggesting a maturing market.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 10:01 pm

NRGV

Energy Vault Holdings, Inc. (NRGV) announced the interconnection of its first EVx 100 MWh gravity energy storage system in Rudong, China, and the groundbreaking of three additional systems. These developments are part of a larger expansion in China, with nine EVx systems totaling 3.7 GWh under construction. The Rudong and Zhangye City systems have been designated as 'new energy storage pilot demonstration projects' by China's National Energy Administration. This recognition and the ongoing construction underscore the growing adoption of Energy Vault's technology in China's renewable energy sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:01 pm

BUZZ

NVDA

RSP

SPY

In the first two months of 2024, Nvidia Corp. led S&P 500 stocks with a 60% gain, but other stocks also saw significant returns. The S&P 500 Equal Weight ETF (RSP) and SPDR S&P 500 ETF Trust (SPY) posted gains of 3% and 7%, respectively. Top performers included Constellation Energy, Meta Platforms, and Advanced Micro Devices, among others. Wall Street analysts see upside potential in stocks like Uber Technologies and Catalent. The VanEck Social Sentiment ETF (BUZZ) highlights stocks favored by social media, including Coinbase and MicroStrategy.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 9:58 pm

ALB

Albemarle (NYSE:ALB) has delivered an average annual return of 15.36% over the past 15 years, outperforming the market. A $1000 investment in ALB 15 years ago would be worth $8,719.17 today. The company's market capitalization stands at $16.20 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:31 pm

AXP

Over the past 5 years, American Express (NYSE:AXP) has outperformed the market with an annualized return of 15.05%, growing a $1000 investment to $2,013.03. The company's market capitalization stands at $158.83 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:31 pm

BONKUSD

DOGEUSD

PEPEUSD

SHIBUSD

Bonk (BONK) experienced a 62% daily gain, surpassing Dogecoin (DOGE) and Shiba Inu (SHIB) in performance. This surge is attributed to a token burn and significant whale movements, with a notable whale trader earning $2.9M. Bonk's market cap reached $1.5 billion, overtaking Pepe (PEPE). The token's total burned amount is now 163.8 billion, valued at $1.96 million. Bonk aims to boost liquidity in Solana-based decentralized exchanges and has distributed 50% of its supply to the Solana community.

Portfolio Pulse from Khyathi Dalal

February 29, 2024 | 9:29 pm

MRK

PMVP

PMV Pharmaceuticals reported its FY23 financial results, showing a narrower net loss of $69.0 million compared to $73.3 million in FY22. The company had $228.6 million in cash and equivalents, a slight decrease from $243.5 million the previous year. R&D expenses increased to $55.9 million, primarily due to the development of rezatapopt. G&A expenses slightly decreased to $24.2 million. The report also mentions KEYTRUDA, a trademark of Merck Sharp & Dohme LLC.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:19 pm

XENE

Xenon Pharmaceuticals announced it expects to have enough cash to fund its operations into 2027, indicating a strong financial position and potentially reducing immediate financial risk for investors.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:04 pm