Streetbeat News

Assets

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market in the last 5 years, with an annualized return of 35.13%, growing a $100 investment to $450.50. The company's market capitalization stands at $174.11 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:00 pm

LSCC

Lattice Semiconductor (NASDAQ:LSCC) has significantly outperformed the market with an annualized return of 33.28% over the past 5 years, turning a $100 investment into $654.50 today. The company's market capitalization stands at $10.03 billion.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 2:00 pm

SPY

VIXM

XLE

XLU

Following a surprise inflation reading, U.S. equity markets plunged, with the CBOE VIX Volatility Index spiking to a 3-month high. The ProShares Vix Mid-Term Futures ETF (VIXM) and SPDR S&P 500 ETF (SPY) saw significant movements. Analysts suggest a market correction is due, with a shift from growth stocks to value stocks like utilities and energy. The Utilities Select Sector SPDR Fund (XLU) and the Energy Select Sector SPDR Fund (XLE) could benefit, as could aerospace and defense sectors.

Portfolio Pulse from Neil Dennis

February 14, 2024 | 1:58 pm

AIR

TGI

AAR Corp (AIR) announced its plan to finance the acquisition of Triumph Group's (TGI) Product Support business through a proposed offering of $500 million senior notes due 2029 and an expanded revolving credit facility. The proceeds from the notes offering and the expanded credit facility, which will increase from $620 million to at least $795 million, will fund the acquisition. The notes will be deposited into an escrow account until the acquisition's closing conditions are met. If the acquisition does not close, the notes will be subject to a mandatory redemption. The notes, not registered under the Securities Act, will be offered to qualified institutional buyers and certain non-U.S. persons.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:56 pm

SCHW

The Charles Schwab Corporation (SCHW) reported its Monthly Activity Report for January 2024, highlighting a 14% year-over-year increase in total client assets to $8.56 trillion, and a flat comparison to December 2023. Core net new assets were $17.2 billion, with $21.4 billion excluding Ameritrade originated clients. Transactional sweep cash decreased by $11.3 billion due to typical January seasonality.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:54 pm

IPX

IperionX is advancing towards commercial-scale titanium production with significant progress at its Virginia Titanium Manufacturing Campus. The company has received the first $2.4M from a $12.7M Department of Defense grant for the Phase I ramp-up. The HAMR titanium furnace, a key asset, has passed factory tests and is expected to be installed in Q2 2024, with titanium production starting mid-year. This initiative aims to revitalize the U.S. titanium supply chain, offering high-performance, low-cost titanium products with lower environmental impacts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:44 pm

BTI

British American Tobacco (NYSE:BTI) has seen a 41.18% decrease in short interest, now at 4.48 million shares or 0.2% of float, indicating a bullish market sentiment. Compared to its peers' average short interest of 2.86%, BTI's lower short interest suggests it is performing well. Short interest is a key indicator of market sentiment, with decreases often signaling increased bullishness among investors.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

GLBE

Global E Online (NYSE:GLBE) has seen a 6.06% increase in short interest since its last report, with 6.33 million shares sold short, representing 5.78% of its float. It would take about 7.89 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards GLBE, although it has less short interest compared to its peer group average of 8.51%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 1:15 pm

VSTE

Vast Renewables Limited (Vast) and Mabanaft have secured up to AUD $40 million in funding for the SM1 solar methanol plant, aimed at decarbonizing shipping by producing green methanol using concentrated solar thermal power (CSP) technology. The funding, provided by the Australian Renewable Energy Agency (ARENA) and Projektträger Jülich (PtJ) on behalf of the German government, supports the German-Australian Hydrogen Innovation and Technology Incubator (HyGATE) program. SM1, powered by Vast's CSP v3.0 technology, aims to produce up to 7,500 tonnes of green methanol annually, potentially reducing green fuel production costs by up to 40% and creating hundreds of jobs.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 1:04 pm

GLD

SPY

UNG

USO

U.S. stock markets closed lower on February 13th due to an unexpected surge in consumer inflation, leading to a decline in the Dow Jones, S&P 500, and Nasdaq. Asian markets were mixed, with Japan and Australia seeing losses, while India and Hong Kong gained. European markets and U.S. futures were up in early trading. Crude oil prices increased, while natural gas and precious metals saw mixed movements.

Portfolio Pulse from Akanksha Bakshi

February 14, 2024 | 12:56 pm