Streetbeat News

Assets

BHP

BHP has signed non-binding sales agreements for all potash production from its Jansen mine in Saskatchewan, Canada. The company aims to convert these into firm offtakes within 12-18 months. Additionally, BHP's Chief Commercial Officer, Ragnar Udd, stated that the company is not interested in acquiring the idled Cobre Panama copper mine from First Quantum Minerals.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:42 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has significantly outperformed the market with an annualized return of 61.72% over the past 5 years, turning a $1000 investment into $10,871.09. The company currently boasts a market capitalization of $6.20 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:31 pm

MSFT

Over the past 20 years, Microsoft (NASDAQ:MSFT) has produced an average annual return of 15.03%, turning a $1000 investment into $16,279.07 today. With a current market capitalization of $3.07 trillion, MSFT's performance highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:31 pm

CPLP

Capital Product Partners L.P. (NASDAQ:CPLP) announced the sale of three container vessels, including one 9,300 TEU and two 5,100 TEU ships, with expected delivery to the buyers by March and April 2024, respectively. The sales, including a previously announced vessel, are expected to generate gross cash proceeds of approximately $81.0 million after debt repayment.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 2:07 pm

BOIL

EQT

UNG

USO

Natural gas prices surged after EQT Corporation announced a production cut, leading to a 5.6% increase in U.S. natural gas futures. The United States Natural Gas Fund and the ProShares Ultra Bloomberg Natural Gas also saw significant increases. EQT's shares rose slightly in pre-market trading. Meanwhile, oil prices dipped as OPEC+ extended production curbs, affecting the United States Oil Fund. The decision came despite a recent increase in oil production by some OPEC+ members.

Portfolio Pulse from Neil Dennis

March 04, 2024 | 2:03 pm

META

Meta Platforms (NASDAQ:META) has delivered an average annual return of 24.34% over the past 5 years, outperforming the market by 11.04%. A $1000 investment in META 5 years ago would now be worth $2,979.72. The company currently has a market capitalization of $1.28 trillion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 2:00 pm

SPNS

Sapiens International Corporation (NASDAQ:SPNS) announced its strategic expansion in the Canadian market to support and grow its customer base among Canadian insurers. This move includes increasing its workforce in Ontario and enhancing its software solutions offerings, such as Sapiens CoreSuite for Workers Compensation and Sapiens DigitalSuite. The expansion aims to strengthen Sapiens' presence in Canada, where it has been serving leading insurers for over 15 years, and to support new and existing customers with advanced SaaS solutions.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:51 pm

TPET

Trio Petroleum Corp (TPET) has restarted oil production at McCool Ranch Field, Monterey County, with the HH-1 and 58X wells producing approximately 400 barrels of fluid per day. The 35X well is also expected to restart soon. Additionally, oil production will restart at the South Salinas Project's HV-3A well. TPET acquired McCool Ranch in October 2023 and plans to develop the area further with horizontal wells. The company aims to increase cash flow and shareholder value through smart acquisitions and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:47 pm

HTCR

HeartCore Enterprises, Inc. (HTCR) has entered into an agreement to sell warrants for its Go IPO clients to a Japanese financial institution, with the total contract value amounting to $9M. This strategic move could potentially enhance HeartCore's financial position and its offerings in the IPO services sector.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:40 pm

FBIO

Fortress Biotech (FBIO) and Cyprium Therapeutics have received a $4.1M grant from the National Institute of Neurological Disorders and Stroke (NINDS) to advance the development of AAV-ATP7A gene therapy for Menkes Disease. This funding will support further research and development efforts for this rare genetic disorder treatment.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:35 pm