Streetbeat News

Assets

TRIN

Trinity Capital has announced a commitment of $20 million in equipment financing to Formlogic, aiming to support Formlogic's growth and expansion efforts.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:41 pm

MODN

In the last three months, 7 analysts have updated their ratings on Model N (NYSE:MODN), with a mix of bullish to indifferent views. The average 12-month price target has been adjusted to $32.14, marking a 16.67% decrease from the previous $38.57. Analysts from firms including JP Morgan, JMP Securities, and Morgan Stanley have lowered their price targets, reflecting a cautious outlook on the company's performance despite its solid revenue growth and strong profitability indicators such as net margin, ROE, and ROA. However, the company's high debt-to-equity ratio poses financial challenges.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 12:00 pm

ACM

Aecom announced that several of its projects for major U.S. transportation clients have secured approximately $16.4 billion in funding from the Federal-State Partnership for Intercity Passenger Rail Grant Program. This funding will support Aecom's ongoing and future projects in the U.S. transportation sector.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 12:00 pm

IREN

Iris Energy has increased its operating capacity from 5.6 EH/s to 6.2 EH/s as of February 6, 2024, indicating a significant enhancement in its mining capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:44 am

IMAB

I-Mab has agreed to sell its entire business operations in China, including 100% of the equity interest in I-Mab Biopharma Co., Ltd., to Hangzhou Company for up to $80 million, depending on future milestones.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 11:40 am

EWU

The mortgage rate in GBP for January remained steady at 7.96%, indicating no change from the previous period. This stability in mortgage rates could have implications for investors looking at the UK housing market and related securities.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:49 am

BTC

DOGE

DRAGON

ETH

SILLY

YOD

As the Lunar New Year approaches, dragon-themed cryptocurrencies, including Year of the Dragon (YOD), Dragon (DRAGON), and Silly Dragon (SILLY), have seen significant price increases, outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). The surge in these tokens' values is attributed to the festive period, with YOD experiencing a 40% increase, DRAGON a 29% rise, and SILLY an 8% upswing. This trend highlights the impact of cultural events on cryptocurrency markets, though investors are cautioned about the potential volatility of such themed tokens.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 8:06 am

EWG

Germany's Industrial Production for December decreased by 1.6%, which was significantly lower than the estimated -0.4% and the revised prior figure of -0.2%.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:13 am

EWU

The U.K. Halifax House Price Index for January showed a month-on-month increase of 1.3%, surpassing both the estimated 0.8% and the previous month's 1.1%.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:13 am

EWU

The U.K. Halifax House Price Index reported a year-over-year increase of 2.5% for January, up from the revised prior figure of 1.8%.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:12 am