Streetbeat News

Assets

NSA

National Storage Affiliates (NSA) has outperformed the S&P 500 since March, driven by its unique PRO structure and focus on the Sunbelt market. Despite near-term pressures, NSA's internalization of management and limited new supply in key markets position it for future growth, though its current valuation seems fully priced.

Portfolio Pulse from

November 20, 2024 | 3:15 pm

MSTR

MicroStrategy has increased its convertible-bond offering to $2.6 billion from $1.75 billion, indicating plans to purchase more Bitcoin. This move reinforces its position as the largest corporate holder of the cryptocurrency.

Portfolio Pulse from

November 20, 2024 | 3:15 pm

GOOG

Alphabet Inc.'s Chrome browser could be sold for up to $20 billion if a judge approves a Justice Department proposal, marking a significant regulatory action against the tech giant.

Portfolio Pulse from

November 20, 2024 | 3:00 pm

JET2

Jet2 PLC is expected to release a strong trading update, with Deutsche Bank forecasting a 4% profit growth for the first half. Positive market conditions, increased ATOL, a new base in Luton, and a partial repurchase of convertible bonds are contributing factors.

Portfolio Pulse from

November 20, 2024 | 2:45 pm

SGD

Safe and Green Development Corporation (NASDAQ: SGD) has sold its St Mary's Property to Pigmental Studios for $1.4 million, realizing approximately $1.1 million in net proceeds.

Portfolio Pulse from

November 20, 2024 | 2:15 pm

GCMG

AGT Food and Ingredients Inc. has sold its shortline rail and bulk handling infrastructure, including Mobil Grain Ltd., to GCM Grosvenor. The financial terms of the deal were not disclosed.

Portfolio Pulse from

November 20, 2024 | 2:15 pm

LPLA

LPL Financial has announced that Strata Financial Group, with over $350 million in assets, has joined its broker-dealer, RIA, and custodial platforms. The group includes several experienced financial advisors and comes from Osaic.

Portfolio Pulse from

November 20, 2024 | 2:15 pm

SSEZY

The UK energy regulator, Ofgem, is considering a £5-8 billion investment fund to accelerate the expansion of the UK electricity network. This fund would allow energy transmission owners to purchase necessary equipment in advance.

Portfolio Pulse from

November 20, 2024 | 2:00 pm

STTDF

Standard Uranium Ltd plans to raise up to C$1.6 million through a private placement to fund its uranium exploration projects in Saskatchewan and for general working capital. The offering includes non-flow-through and flow-through units.

Portfolio Pulse from

November 20, 2024 | 2:00 pm

CMCSA

Comcast is planning to spinoff its cable divisions, indicating a strategic move away from the cable business. Rich Greenfield from LightShed Partners discusses the implications and valuation of Comcast's cable assets.

Portfolio Pulse from

November 20, 2024 | 2:00 pm