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Assets

FRPT

Freshpet projects its 2024 net sales to reach at least $950 million, surpassing the consensus estimate of $945.74 million. The company also forecasts an adjusted EBITDA between $100 million and $110 million, with capital expenditures around $210 million. This guidance indicates a minimum 24% increase in net sales from 2023.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:35 am

IREN

Iris Energy announced an update on its expansion, aiming to increase its operating hashrate to 20 EH/s by H2 2024. Currently, the hashrate has reached 7 EH/s, with an additional 3 EH/s expected by H1 2024. The expansion includes securing 10 EH/s of new Bitmain T21 miners through fixed price contracts and a 200MW expansion at the Childress data center.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 11:14 am

BRK

LI

NVDA

QQQ

SPY

US stocks may see a pause after a record rally, with caution returning ahead of key economic data. AI-leveraged stocks could provide support. Last week, buoyed by Nvidia's earnings, US stocks hit new highs. Analysts are optimistic about 2024, expecting narrow market focus and benefits from Fed rate cuts and election year optimism. Futures indicate a mixed opening. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed slight premarket movements. Key companies like Berkshire Hathaway and Li Auto saw premarket gains following earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 26, 2024 | 10:33 am

VALE

Vale Base Metals announced that Vale Canada Limited and Sumitomo Metal Mining are set to divest around 14% of their combined equity interest in PT Vale Indonesia Tbk to PT Mineral Industri Indonesia. Vale Canada is expected to receive approximately $160M for its stake.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:26 am

BTCUSD

Max Keiser, a Bitcoin advocate, compared buying Bitcoin at its current price to purchasing Berkshire Hathaway shares when they were at $1,500, suggesting a potential for significant growth. He forecasted a possible 41,828% increase in Bitcoin's value, which would elevate its market cap to over $454 trillion. This comes alongside his warning of an impending market crash, where Bitcoin would emerge as a safe haven.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 10:21 am

AA

Alcoa announces an all-stock acquisition of Alumina Limited for approximately $2.2 billion, aiming to strengthen its global leadership in bauxite and alumina production. This transaction is expected to provide significant long-term value to both companies' shareholders by enhancing operational flexibility and creating a stronger, more diversified portfolio. Alumina Limited's largest shareholder, Allan Gray Australia, has agreed to allow Alcoa to acquire up to 19.9% of its issued share capital. An investor conference call is scheduled to discuss the acquisition.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 8:08 am

BTCUSD

Andrew Tate, a controversial influencer facing legal charges, stated on the Rob Moore podcast that he will never launch a cryptocurrency, criticizing crypto trading as akin to gambling and not beneficial to society. Despite claiming to have made $60-70 million through crypto investments, Tate expressed a moral stance against launching his own crypto or investing in NFTs, aiming not to enrich 'dorks' involved in the crypto space. He also criticized the identity culture around cryptocurrency gains. Meanwhile, BTC was reported to be trading at $51,521, up 0.46%.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 7:35 am

KOS

Kosmos Energy forecasts a 2024 production range of 71,000 to 77,000 barrels of oil equivalent (boe) per day, with capital expenditures projected between $700M and $750M. The company also anticipates Q1 production to be between 65,000 and 68,000 boe per day. Operational expenses, depreciation, depletion & amortization (DD&A), general & administrative expenses (G&A), exploration expenses, net interest expense, and taxes are detailed for both Q1 and the full year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 7:08 am

GS

Goldman Sachs Group Inc (NYSE:GS) has entered into a $1 billion private credit deal with Abu Dhabi's Mubadala Investment Co. to expand its private credit business in the Asia-Pacific region, focusing on India. This move is part of Goldman's strategy to grow its presence in the alternative investment space and capitalize on the surging interest in the Asia-Pacific market. The deal follows a trend of increasing private credit collaborations in the Middle East, with Barclays and Mubadala engaging in similar partnerships.

Portfolio Pulse from Benzinga Neuro

February 26, 2024 | 6:35 am

SHIBUSD

A 'whale' transferred 421.6 billion Shiba Inu (SHIB) tokens, resulting in a $6M+ loss. The transaction involved depositing 311.6 billion SHIB to Binance and selling 110 billion SHIB on a DEX. Despite the large sale, SHIB's price remained stable, showing only slight fluctuations.

Portfolio Pulse from Mehab Qureshi

February 26, 2024 | 6:26 am