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VERV

Verve Therapeutics reported Q4 GAAP EPS of $(0.69), surpassing the $(0.82) estimate, with sales of $5.14M exceeding the $1.17M estimate. The company's cash reserves are at $624M, ensuring a cash runway into late 2026.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:45 pm

AL

BA

Air Lease Corporation (NYSE:AL) has entered into long-term lease agreements with Thai Airways International for three Boeing Company (NYSE:BA) 787-9 aircraft, set for delivery in 2025. These aircraft will be used to enhance Thai Airways' global network, including flights to Europe, Australia, and Intra-Asia. This deal is part of Air Lease's commitment to fleet modernization, with the company having taken delivery of 22 aircraft in the fourth quarter, representing $1.2 billion in investments and ending the period with 463 aircraft in its owned fleet.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 12:42 pm

M

Macy's announced that starting in 2025, its capital expenditure will be lower than the levels of 2024. Additionally, the company expects its free cash flow to return to pre-pandemic levels.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:21 pm

ZNTL

Zentalis Pharma reported a slight improvement in its FY EPS, moving from $(4.48) to $(4.47) YoY. The company also announced a cash balance of $483M, projecting a cash runway into 2026.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:15 pm

DK

Delek US Holdings forecasts its FY24 capital expenditures to be around $330M, with significant allocations of $220M for refining operations and $70M for logistics.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 12:06 pm

SPY

Ark Invest's Chief Futurist Brett Winton predicts U.S. real GDP growth could average 7% annually in the current business cycle, driven by transformative technologies like AI, blockchain, and robotics. This forecast surpasses the consensus view and historical growth rates, drawing parallels with past technological revolutions. The SPDR S&P 500 ETF Trust (SPY) saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

February 27, 2024 | 12:04 pm

DEA

Easterly Government Properties (DEA) has provided its FY24 Core FFO outlook, projecting $1.14 - $1.16 per share, surpassing the $1.12 estimate. This forecast includes the closing of VA - Jacksonville at a $41 million share and $100 - $110 million in development investments.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:32 am

HUT

Hut 8 Corp. has started construction of a new digital asset mining site in Culberson County, Texas, with plans to operationalize in Q2 2024. This site will potentially allow Hut 8 to expand or relocate its mining operations, offering up to 3.6 EH/s of capacity. The company anticipates a 30% reduction in the cost of mining Bitcoin at this new site compared to its current operations in Granbury, Texas, and Kearney, Nebraska.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:31 am

AESI

Atlas Energy Solutions (AESI) has agreed to acquire all of Hi-Crush's Permian Basin proppant production assets and North American logistics operations in a deal valued at $450 million. The payment structure includes $150 million in cash, $175 million in AESI common stock, and $125 million in deferred cash payments.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:19 am

BTCUSD

Trevor Noah expressed regret for not purchasing Bitcoin (BTC) during its early days when its price was significantly lower. Speaking at the Web Summit Qatar 2024, Noah highlighted his biggest mistake was not buying Bitcoin when it was 'nothing' and not taking the time to understand cryptocurrency. Bitcoin's value has recently reached $56,700, with its market capitalization surpassing $1.1 trillion, attributed to investments in Bitcoin-focused ETFs and excitement over the upcoming Bitcoin halving event.

Portfolio Pulse from Mehab Qureshi

February 27, 2024 | 10:10 am