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EWZ

Brazil's Central Bank Director, Galipolo, reports that Brazil's economic activity and labor market are showing resilience. Inflation is performing well, and the trade balance remains strong despite China's economic slowdown, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:26 pm

AHT

Ashford Hospitality Trust, Inc. (AHT) has signed an agreement to sell the Residence Inn in Salt Lake City for $19.2 million, aiming to use the proceeds to pay down debt. The sale, expected to close in early March, is part of Ashford Trust's deleveraging plan. The transaction's terms indicate a 4.6% capitalization rate on 2023 net operating income, adjusting for anticipated capital expenditures, or 18.2x 2023 Hotel EBITDA. Without these adjustments, the sale price reflects a 6.0% capitalization rate or 14.0x 2023 Hotel EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:11 pm

PPL

PPL Corporation has updated its financial targets, extending its 6% to 8% annual EPS and dividend growth targets through at least 2027. The company plans to increase its infrastructure investments to $14.3 billion from 2024 to 2027, up from the previous plan of $11.9 billion from 2023 to 2026. This increased investment is expected to result in a 6.3% average annual rate base growth through 2027, an improvement from the 5.6% growth rate projected in the prior plan.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:08 pm

GLD

SPY

USO

On February 15th, U.S. stock markets closed higher, influenced by a larger-than-expected decline in retail sales, fueling hopes for a Federal Reserve rate cut. U.S. jobless claims fell to 212,000, and retail sales dropped by 0.8%. The S&P 500, Dow Jones, and Nasdaq all saw gains, with energy, real estate, and materials sectors leading. Asian and European markets also advanced, with notable increases in Japan's Nikkei 225, Australia's S&P/ASX 200, India's Nifty 50, and the European STOXX 600. Commodities saw mixed movements, with gold rising to $2,018.75 and crude oil declining to $77.34/bbl.

Portfolio Pulse from Akanksha Bakshi

February 16, 2024 | 12:39 pm

AMAT

COIN

QQQ

ROKU

SPY

U.S. stock futures indicate a mixed opening ahead of key economic data releases, including producer price inflation and consumer sentiment. The S&P 500's recent record run and varied earnings reactions suggest ongoing market momentum. Analyst Adam Turnquist warns that rising Treasury yields could pose risks to the equity market. Premarket trading saw SPDR S&P 500 ETF Trust and Invesco QQQ ETF rise, while stocks like Roku, Coinbase, Applied Materials, and others moved significantly on earnings news.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 12:32 pm

TELL

Tellurian Inc. has received an extension from the U.S. Federal Energy Regulatory Commission for its Driftwood LNG project. This extension is a significant regulatory milestone for Tellurian, potentially impacting the project's timeline and financial outlook.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 12:10 pm

HR

Healthcare Realty Trust reported a sequential occupancy improvement of 175,000 square feet, or 53 basis points, in its multi-tenant portfolio during the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:50 am

ASIX

AdvanSix announced its expectation for capital expenditures to range between $140M-$150M in 2024, indicating a significant investment in its operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:35 am

MSTR

MicroStrategy Inc (NASDAQ:MSTR), the largest corporate holder of Bitcoin, is on the path to potentially join the S&P 500 index. If included, this could significantly expose Bitcoin to a wide range of investment portfolios, including traditional 401k and pension funds. The company's market cap and profitability are approaching the eligibility criteria for the S&P 500, but inclusion is not guaranteed and depends on the U.S. Index Committee's approval. MicroStrategy's investment in Bitcoin has been profitable, with the company holding around 190,000 BTC.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 11:00 am

FCFS

FirstCash has announced a private offering of $500 million in senior notes due 2032, with a semi-annual interest rate of 6.875%. Interest payments are scheduled for March 1 and September 1 each year, starting from September 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 10:00 am