Streetbeat News

Assets

ALTI

Allianz X and Constellation Wealth Capital have committed up to $450M in investment to AlTi Global. This investment aims to bolster AlTi's ambition to become the leading global independent wealth management platform for the ultra-high-net-worth segment, focusing on executing its global mergers and acquisitions pipeline and organic growth strategy.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:51 pm

T

TMUS

VZ

A significant cellular outage affected AT&T Inc. (T), Verizon Communications Inc. (VZ), and T-Mobile US Inc. (TMUS), disrupting services nationwide, including the ability to make 911 emergency calls. Over 51,000 incidents were reported for AT&T, with Verizon and T-Mobile also experiencing disruptions. However, a T-Mobile spokesperson claimed their network was operating normally. The outage has raised concerns over public safety and the telecom industry's role in maintaining critical communication infrastructure.

Portfolio Pulse from Rounak Jain

February 22, 2024 | 1:40 pm

SHOT

Safety Shot, known by its ticker SHOT, has entered into an agreement to license and sell its legacy assets related to Jupiter Wellness to Elite Health Partners Inc. This move marks a significant shift in Safety Shot's business strategy, focusing on streamlining its operations and possibly venturing into new areas or reinforcing its core business by divesting non-core assets.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:37 pm

GIII

G-III Apparel Group (NYSE:GIII) has seen a 6.8% decrease in short interest, now at 4.75 million shares or 17.0% of its float, taking traders 8.45 days to cover short positions. This change indicates a shift in market sentiment towards GIII, potentially signaling increased bullishness among investors. GIII's short interest is significantly higher than its peer group average of 7.80%, suggesting it is more heavily shorted compared to its peers.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:30 pm

NVS

Novartis (NYSE:NVS) has seen a 9.09% decrease in short interest, now at 3.89 million shares or 0.2% of float, taking 2.96 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards NVS compared to its peers, where the average short interest is 3.48% of float.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

GOEV

Canoo (NYSE:GOEV) has seen a significant decrease in short interest, with a 34.36% drop since the last report, representing 10.2% of its float. The current short interest stands at 96.24 million shares. This decrease in short interest could indicate a more bullish sentiment towards Canoo, contrasting with the average short interest of its peers at 9.87%. Short interest is a key indicator of market sentiment, and a decrease suggests that investors may be becoming more optimistic about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

O

Realty Income's (NYSE:O) short interest has decreased by 45.71% since the last report, with 12.48 million shares sold short, representing 1.71% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, although it doesn't guarantee a price increase. Realty Income has a lower short interest compared to its peer group average of 5.42%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

PXD

Pioneer Natural Resources projects its FY24 capital budget to be between $4.2 billion and $4.6 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:12 pm

BABA

JD

LI

NTES

Hong Kong stocks, particularly the Hang Seng Index (HSI), are entering the year of the dragon with historical optimism, given the index's average gain of 14% in past dragon years. However, uncertainties such as the U.S. presidential election and interest rate policy may affect the rally. Positive signs include China's economic stimulus and foreign investment in Chinese companies like Alibaba, Li Auto, JD.com, and NetEase. Major investment banks predict varied HSI performance, with potential impacts from U.S.-China relations and global geopolitics. Analysts advise cautious investment, favoring stocks with a strong mainland focus or those undervalued, like Alibaba.

Portfolio Pulse from The Bamboo Works

February 22, 2024 | 1:10 pm

ADI

TSM

Analog Devices (ADI) has entered into a special arrangement with TSMC to secure long-term wafer capacity through Japan Advanced Semiconductor Manufacturing, Inc, a majority-owned subsidiary of TSMC in Japan. This strategic move aims to ensure a stable supply of semiconductors for ADI, reflecting the importance of securing semiconductor supply chains in the current global market.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 1:08 pm