Streetbeat News

Assets

BTBT

Bit Digital aims to achieve $100M in run-rate AI revenue by the end of 2024. The company's priorities include expanding its bitcoin mining fleet, diversifying and growing its AI segment, maintaining a strong balance sheet, increasing treasury holdings of staked ETH, and focusing on sustainability. These priorities are subject to change based on market conditions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 1:18 pm

SONY

Sony Group Corp (NYSE:SONY) is set to acquire a 50% stake in Michael Jackson's music catalog from his estate in a deal valued at over $600 million, the largest of its kind. The acquisition includes song shares, the Mijac publishing catalog, master recordings, and publishing rights. This move, along with the release of a biographical movie about Jackson, underscores the lasting commercial interest in his work. Sony reported an 8% year-on-year sales growth in Q2 FY23 and remains committed to its PlayStation and Spider-Man franchises.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 1:16 pm

TFIN

In the last three months, 4 analysts have updated their ratings on Triumph Financial (NASDAQ:TFIN), showing a shift towards a more cautious stance with 3 indifferent and 1 somewhat bearish rating recently. The average 12-month price target for TFIN has been raised to $70.5, indicating a 3.68% increase from the previous target of $68. Analysts from firms including Piper Sandler and Stephens & Co. have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Triumph Financial's financial indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management were also discussed, providing a comprehensive view of the company's current financial health.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 1:00 pm

CNX

CNX Resources has initiated a tender offer to buy back all of its 7.250% Senior Notes due in 2027 for cash. This move is aimed at managing the company's debt profile and potentially reducing future interest expenses.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:39 pm

CNX

CNX Resources has announced a private offering of $400 million in senior notes. This move is aimed at raising capital, potentially for debt refinancing, growth initiatives, or other corporate purposes. The offering could impact the company's financial structure and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:39 pm

ABL

Abacus Life has announced a public offering of $25M in additional 9.875% notes due 2028, fully fungible with the existing $35.65M notes issued on November 10, 2023. This will increase the total notes to $60.65M. An option for underwriters to purchase up to an additional $3.75M in notes for overallotments is included. The offering is set to close on February 15, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:36 pm

CHRW

ESE

FORR

FWRD

IBEX

The article highlights the top 5 industrials stocks considered oversold in Q1, based on their RSI values being near or below 30. These include IBEX Limited, Forrester Research, Inc., ESCO Technologies Inc., Forward Air Corporation, and C.H. Robinson Worldwide, Inc. Each company's recent financial performance and stock price action are briefly discussed, indicating potential buying opportunities for undervalued stocks in the industrials sector.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 12:34 pm

EFSH

1847 Holdings LLC (EFSH) announced a positive restatement of its subsidiary ICU Eyewear Holdings, Inc.'s financial results for 2021 and 2022, resulting in a $3.6M reduction in operational losses and a $0.64M increase in assets for 2022.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:34 pm

QQQ

RIVN

SPY

U.S. stock futures showed indecision ahead of key inflation data and earnings reports. Positive tech earnings and crude oil rally lifted markets last week, with major indices reaching new highs. Analysts express optimism but caution over valuations. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Rivian Automotive fell on negative analyst action. Companies like Arista Networks, Avis Budget Group, and others are set to report earnings. Crude oil prices and bond yields remained steady.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 12:19 pm

PPTA

Perpetua has been conditionally awarded up to $34.6 million in additional funding under its existing Technology Investment Agreement through Title III of the Defense Production Act. This funding aims to enhance Perpetua's capabilities and contribute to its growth.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:15 pm