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Cryptocurrencies surged despite higher-than-expected U.S. inflation data, with Bitcoin, Ethereum, and Dogecoin experiencing gains. The inflation data led to a decline in stocks and a spike in Treasury yields. Analysts predict a potential significant rally for Bitcoin, suggesting it could reach up to $600,000 with widespread adoption.

Portfolio Pulse from Mehab Qureshi

February 14, 2024 | 2:47 am

BA

GD

HON

ITA

LMT

PPA

XAR

The U.S. Senate passed a $95-billion aid package for Ukraine and Israel, with significant funds allocated for defense spending and humanitarian aid. The bill, facing opposition in the House, could impact defense stocks and ETFs like Lockheed Martin, Honeywell International, General Dynamics, Boeing, and aerospace & defense ETFs (ITA, PPA, XAR) due to the allocation of $13.8 billion for U.S. weapons and munitions purchases.

Portfolio Pulse from Natan Ponieman

February 13, 2024 | 11:00 pm

CSGP

CoStar Group has acquired a 552,000 square foot office building at 1201 Wilson Boulevard in Arlington, Virginia. The company will relocate its Washington, D.C. employees to this new location and benefit from nearly $7 million in tax and economic incentives. The terms of the purchase were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:59 pm

ES

Eversource Energy is considering the sale of its water distribution business, which saw a decrease in earnings from $36.8 million in 2022 to $33.1 million in 2023. The fourth quarter earnings also dropped from $7.4 million in 2022 to $5.7 million in 2023, attributed to higher depreciation, O&M, and interest expenses.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:54 pm

ES

Eversource Energy has signed a definitive agreement to sell its 50% ownership in South Fork Wind and Revolution Wind to Global Infrastructure Partners. The deal will provide Eversource with approximately $1.1 billion in cash proceeds upon closing and allows it to exit these projects, albeit with some retained cost-sharing obligations for Revolution Wind's construction.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:46 pm

TSLA

Tesla Inc is expanding its charging network by planning the world's largest Supercharger station in Kern County, California, with 164 charging stalls, including 16 pull-through stalls and solar canopies. This move aligns with Tesla's strategy to integrate solar power into its charging networks, aiming for a sustainable transportation ecosystem and catering to the needs of drivers with trailers or larger vehicles.

Portfolio Pulse from Benzinga EV Insights

February 13, 2024 | 10:11 pm

SGML

Sigma Lithium (NASDAQ:SGML) has received a letter of intent from the Development Bank of Brazil (BNDES) for additional funding for its Grota do Cirilo lithium project in Brazil. The company plans to invest $100 million in a second processing plant to double its output. The project, which has received full environmental licensing, aims to become the world's fourth-largest lithium mining complex. Despite a recent downturn in lithium prices, Sigma remains optimistic about its strategic position and its focus on sustainable lithium production.

Portfolio Pulse from Stjepan Kalinic

February 13, 2024 | 9:56 pm

WELL

Welltower Inc. plans to acquire a $969M portfolio of 25 active adult communities from Affinity Living Communities, forming a long-term strategic partnership. The acquisition, funded by cash and $523M of below-market rate debt, expands Welltower's Wellness Housing portfolio to nearly 25,000 units. The communities, mainly in the Pacific Northwest, are expected to cater to a rapidly growing 55+ population. The deal, closing in tranches, will see Affinity continue managing the properties under a terminable contract.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:49 pm

CDXS

Codexis, Inc. (CDXS) has secured a strategic financing deal worth up to $40 million with Innovatus Capital Partners to strengthen its cash position and support the development and commercialization of its ECO Synthesis manufacturing platform for RNAi therapeutics. The deal includes $30 million upfront and an additional $10 million upon reaching certain revenue thresholds. This financing is expected to extend Codexis' cash runway through the end of 2026 and support the creation of an ECO Synthesis Innovation Lab for siRNA production.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:47 pm

GHLD

Guild Mortgage (NYSE:GHLD) is set to acquire the retail lending assets of Academy Mortgage, significantly expanding its market presence. This acquisition will add approximately 200 branches and over 1,000 employees, including more than 600 licensed mortgage originators, to Guild. The deal is expected to increase Guild's annual origination volume by 25%, making it the 8th largest non-bank retail mortgage lender in the U.S. Both companies share a strong commitment to the purchase mortgage market and customer service, with Academy's branches transitioning to the Guild brand post-acquisition. Academy Mortgage CEO Adam Kessler will join Guild's senior leadership team. The transaction is seen as a strategic move to enhance Guild's platform, increase market share, and create long-term value by leveraging synergies and focusing on the purchase mortgage market.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:41 pm