Streetbeat News

Assets

AMRK

A-Mark Precious Metals, Inc. (AMRK) plans to acquire LPM Group Limited from AMS Holding, LLC for $41.5M, marking its expansion into Asia. The deal includes a mix of cash and AMRK stock, with additional performance-based payments. LPM, a major precious metals dealer in Asia, will benefit from A-Mark's resources and e-commerce expertise. Additionally, A-Mark affiliate Pinehurst Coin Exchange will acquire assets from ModernCoinMart for $5.5M, and a joint venture will invest in AMS Holdings. The transactions aim to enhance A-Mark's global presence and product offerings.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 1:08 pm

UNH

UnitedHealth Group's (NYSE:UNH) short interest has decreased by 4.23% since the last report, with 6.26 million shares sold short, representing 0.68% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 3.54%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 1:00 pm

CLH

Clean Harbors (NYSE:CLH) has seen a 20.99% decrease in short interest, now at 647 thousand shares or 1.28% of float. This decline suggests a more bullish sentiment among investors compared to its peers, with an average short interest of 2.98%. Short interest is a key indicator of market sentiment, and a decrease can imply a positive outlook for the stock.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 1:00 pm

SPY

USO

VGK

Russia's Tuapse Oil Refinery, a significant facility, will not resume operations this month, according to sources cited by Reuters. This development could have implications for global oil supply and market dynamics.

Portfolio Pulse from Charles Gross

February 06, 2024 | 12:40 pm

SNDA

Sonida Senior Living announced a $47.75M equity raise to fund the purchase of $77.4M of mortgage debt at a 48% discount, invest in high-returning capital projects, and set aside $25M for potential acquisitions and working capital.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:34 pm

DCPH

Deciphera Pharmaceuticals reported a cash position of $352.9M as of December 31, 2023, expected to sustain operations into the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 12:03 pm

DIA

GLD

QQQ

SPY

On February 5th, U.S. stock markets closed lower after Federal Reserve Chair Jerome Powell dismissed rumors of rate cuts. The ISM services PMI in the U.S. for January exceeded expectations. Technology and healthcare sectors saw gains, while materials, utilities, and real estate sectors faced losses. Major U.S. indices, including the Dow Jones, S&P 500, and Nasdaq, all closed in the red. Asian markets had mixed results with significant gains in China and losses in Japan and Australia. European markets showed modest movements. Commodities saw mixed trading with slight increases in crude oil and natural gas, while gold and silver declined.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 11:53 am

JPM

JPMorgan Chase aims to expand its physical presence by building 500 new branches within the next three years, with a strategic goal of securing a 20% share of U.S. deposits.

Portfolio Pulse from Charles Gross

February 06, 2024 | 10:32 am

BABA

PDD

Alibaba Group Holding Ltd (NYSE:BABA) faces a challenging future as its stock value has plummeted by 75% from its 2020 peak, reaching an all-time low. Options traders are betting on further declines, especially ahead of Alibaba's earnings report. Despite these challenges, there's optimism for positive earnings, with a projected 5.6% revenue growth for the last quarter of 2023. Alibaba's strategic refocus on core e-commerce operations by selling off certain assets could influence its recovery.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 9:53 am

TXN

Texas Instruments (TXN) has priced $3 billion of investment grade notes, with varying interest rates and maturities ranging from 2027 to 2063. The proceeds are intended for general corporate purposes, with the offering set to close on February 8, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 8:22 am