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TSN

Tyson Foods has announced the pricing of $600 million 5.400% senior notes due 2029 and $900 million 5.700% senior notes due 2034, with the offerings expected to close on March 8, 2024. The net proceeds are intended for general corporate purposes, including retiring the 3.95% Notes due August 2024 and paying down other outstanding debt.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 8:02 am

EWQ

France's Harmonised Index of Consumer Prices (HICP) for the month showed a preliminary increase of 0.9%, surpassing the estimated 0.7% and reversing the prior month's decline of -0.2%.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:48 am

ETHUSD

MATICUSD

$6.26M And Rising: Inside Donald Trump's Surging Crypto Portfolio. Donald Trump's venture into the cryptocurrency market has seen his portfolio reach $6.35 million, with significant investments in MAGA Memecoin (TRUMP), Wrapped Ether (WETH), Ethereum (ETH), BABYTRUMP, and Polygon (MATIC). The growth reflects the volatile yet lucrative nature of the crypto market, especially in tokens associated with high-profile personalities. The MAGA Memecoin's Twitter account and crypto Twitter users suggest a bullish outlook as the election approaches.

Portfolio Pulse from Murtuza Merchant

February 29, 2024 | 7:32 am

AAPL

AMZN

MSFT

NANC

NVDA

The Unusual Whales Democratic ETF (NANC) has outperformed the S&P 500 with a 30% surge since its launch in February 2023, thanks to significant investments in tech giants like Microsoft, Amazon, Apple, and Nvidia. This ETF tracks the stock trades of Democratic members of Congress and has gained attention amidst controversies over congressional stock trading. In contrast, the Republican-centric ETF (KRUZ) has seen a modest 15% gain.

Portfolio Pulse from Benzinga Neuro

February 29, 2024 | 7:25 am

EGY

VAALCO Energy, Inc. (NYSE:EGY) has announced its agreement to acquire Svenska Petroleum Exploration AB for $66.5 million, aiming to expand its portfolio with a 27.39% interest in the Baobab field, offshore Cote d'Ivoire. The acquisition, funded by cash and a pre-closing dividend, is expected to close in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:25 am

NBBK

NB Bancorp reported its FY23 financial results, showcasing an adjusted EPS of $0.82 and a revenue increase to $145.63M from $114.24M YoY. Total assets reached $4.53 billion as of December 31, 2023, marking a 26.2% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:19 am

TALO

Talos Energy projects its 2024 production to range between 87,000 and 93,000 barrels of oil equivalent per day, with over 70% being oil. This forecast includes contributions from QuarterNorth for only nine months. The company anticipates reducing its upstream capital expenditures to between $565 million and $595 million, down from its 2023 levels. Talos is also exploring strategic options for its Talos Low Carbon Solutions subsidiary and aims to significantly reduce its debt while investing in key upstream projects. With recent pricing, Talos targets a year-end 2024 leverage of 1.0x or less, planning to pay down approximately $400 million in debt through cash flow, not including any proceeds from TLCS.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:10 am

STR

Sitio Royalties provided its full year 2024 financial and operational guidance, including the impact of the DJ Basin Acquisition. The company expects a pro forma production range of 35,000 to 38,000 Boe/d, with a midpoint close to the Q4 2023 production. The guidance also forecasts a significant increase in headcount and investments in technology to enhance minerals acquisitions and management. Cash G&A is expected to be between $31.5 million and $33.5 million, with production taxes ranging from 7.5% to 9.5% of royalty revenue.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:40 am

CVX

OXY

STR

Sitio Royalties (STR) has agreed to acquire 13,062 net royalty acres (NRAs) in the DJ Basin for $150 million, aiming to enhance its footprint in the area with high-quality acreage. The acquisition includes assets with significant growth potential through 2025, involving leading operators like Chevron Corporation, Occidental Petroleum, and Civitas Resources. The DJ Basin assets have seen an 89% increase in net production from December 2022 to December 2023, with the transaction expected to close in early Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:36 am

BTCUSD

El Salvador's President Nayib Bukele trolled Peter Schiff, a known Bitcoin skeptic, highlighting that El Salvador's Bitcoin holdings have surged over 40% in value. Despite the significant profit, Bukele stated El Salvador has no plans to sell its Bitcoin. This comes amid Bitcoin's price reaching over $64,000, a peak not seen in two years, and the overall cryptocurrency market cap crossing the $2 trillion mark.

Portfolio Pulse from Mehab Qureshi

February 29, 2024 | 5:54 am