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MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) plans to offer $600 million of convertible senior notes due 2030, with an option for initial purchasers to buy an additional $90 million. The notes, unsecured and senior, will pay interest semi-annually and may be converted into cash, shares, or a combination. The proceeds will be used to acquire more bitcoin and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:03 pm

ARMP

INVA

Armata Pharmaceuticals has entered into a secured credit agreement with Innoviva Strategic Opportunities, a subsidiary of Innoviva, receiving $35 million in gross proceeds. This funding will be used to advance Armata's lead therapeutic phage candidates, AP‐PA02 and AP‐SA02, targeting Pseudomonas aeruginosa and Staphylococcus aureus infections.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:03 pm

AGI

Alamos Gold (NYSE:AGI) has delivered an impressive average annual return of 20.52% over the past 5 years, outperforming the market by 7.2% annually. An initial investment of $1000 in AGI 5 years ago would be worth $2,714.14 today. The company currently boasts a market capitalization of $4.94 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:01 pm

ETN

Eaton Corp (NYSE:ETN) has significantly outperformed the market over the past 15 years, with an average annual return of 21.46%, turning a $1000 investment into $19,581.76. The company now has a market capitalization of $118.34 billion.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 9:01 pm

CHTR

Charter Communications (NASDAQ:CHTR) has seen a notable options trading activity, with a bullish sentiment prevailing among financial giants. Analysis of 17 unusual trades showed 58% bullish and 41% bearish tendencies. The trades included 8 puts valued at $444,695 and 9 calls valued at $681,351, indicating expectations of CHTR's price movement between $250.0 and $410.0. The most significant options trades were identified, with varying sentiments and strike prices around $280.0 to $285.0. Charter Communications, a major U.S. cable company, is currently trading at $294.0 with a neutral RSI indicator. Analyst ratings for CHTR vary, with a consensus target price of $395.4, but opinions range from Buy to Neutral, with target prices between $335 and $472.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:47 pm

WULF

TeraWulf Inc. (NASDAQ:WULF) has exercised its option to increase energy resources by an additional 50 MW at the Nautilus facility in Pennsylvania, doubling its bitcoin mining capacity to 100 MW. This expansion, expected to be operational in 2025, will benefit from zero-carbon power at a fixed rate of 2.0 cents per kilowatt-hour. The company highlights the value of its Lake Mariner facility in NY with over 300 MW of available capacity and its position for success post-bitcoin halving due to its low cost of power.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:38 pm

ETHUSD

Donald Trump's cryptocurrency holdings, primarily in MAGA Meme coin (TRUMP), have surged to $8.79 million, marking a significant increase in value. This rise is attributed to a 22% increase in the value of TRUMP tokens, alongside gains in other crypto assets like WETH, Ethereum (ETH), BABYTRUMP, and Conan tokens. Trump's diverse crypto portfolio has shown remarkable growth, especially with the MAGA meme coin's rally, amidst a bullish crypto market and increasing interest in meme cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

March 04, 2024 | 8:24 pm

XLE

OPEC+ extends its voluntary cut of 2.2 million barrels per day through Q2, with Russia announcing an additional cut of 471,000 barrels per day. This move aims to shore up oil prices amid weak global demand and uncertainty around China's reopening. The market has already priced in these events, with U.S. crude hovering around $80. The focus shifts to the EIA Weekly Petroleum Status Report, indicating a record U.S. production but low utilization rates, leading to a build-up in crude inventories. This dynamic is seen as bearish for crude prices but may stabilize as refinery maintenance concludes. Crude oil net long speculative positioning has increased, signaling a bullish outlook in the near term despite macroeconomic and geopolitical risks. Technical analysis suggests a bullish trend for crude, with significant resistance levels ahead. The Energy Select Sector SPDR Fund (XLE) indicates crude is relatively cheap compared to energy stocks within the index.

Portfolio Pulse from Kevin Green

March 04, 2024 | 8:18 pm

USAC

USA Compression Partners, LP (USAC) announced the pricing of a $1B offering of 7.125% senior unsecured notes due 2029. The offering aims to close on March 18, 2024, with net proceeds of approximately $984.4 million. These funds will be used to repay existing borrowings, redeem 6.875% senior notes due 2026, and for general partnership purposes.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 8:14 pm

KLAC

Analyst ratings for KLA (NASDAQ:KLAC) show varied sentiments, with recent updates indicating a shift towards more positive outlooks. The average 12-month price target has been raised to $638.53, reflecting a 12.52% increase from the previous target. Analyst actions include maintaining, raising, and announcing ratings, with price targets adjusted accordingly. KLA's financial performance shows strong profitability but faces revenue challenges and a high debt-to-equity ratio. The company is a major player in the semiconductor process control market.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 8:01 pm