Streetbeat News

Assets

AAPL

AMZN

META

QQQ

SPY

Nasdaq futures are up as Meta and Amazon's earnings gains offset Apple's decline. Mixed earnings raise concerns about the economy and corporate profits. The non-farm payrolls report is expected to influence trading. Analyst Louis Navellier highlights two factors for a bullish outlook: a solid January for major indexes and the incumbent President's reelection campaign. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket increases. Various companies, including Amazon, Meta, and Apple, are in focus due to their earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 02, 2024 | 12:24 pm

AAPL

AMZN

META

U.S. stock markets closed higher on February 1st, driven by major earnings reports anticipation and positive employment data. Meta Platforms (META) announced its first dividend, leading to a stock rise, while Amazon (AMZN) shares increased after earnings. Apple (AAPL) shares fell due to underperforming China sales. Asian markets were mixed, with Australia hitting a record high. European markets climbed, and commodities saw mixed movements with crude oil dipping below $75 and gold trading above $2,070.

Portfolio Pulse from Akanksha Bakshi

February 02, 2024 | 12:16 pm

ENV

NAAS

NaaS Technology announced it has received an investment from Envestnet, a major player in the turnkey asset management program (TAMP) sector, through Envestnet's mutual fund. This strategic investment signifies a notable collaboration between a leading technology service provider in the energy sector and a giant in financial asset management.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 12:12 pm

PLUG

Plug Power announced it has signed a BEDP contract for a 500MW electrolyzer project in Europe, marking a significant expansion in its hydrogen production capabilities.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 12:10 pm

BTCUSD

ETHUSD

Traders continue to favor Bitcoin over Ethereum due to uncertainty surrounding the SEC's approval of Ethereum-based ETFs. Despite bullish predictions for Ethereum, concerns about its classification as a security or commodity, especially with its Proof-of-Stake mechanism, contribute to this preference. The ETH/BTC ratio's recent decline further indicates market skepticism towards Ethereum's short-term performance compared to Bitcoin.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 11:40 am

XOM

ExxonMobil announced its new MobilTM Lithium business, aiming to become a leading lithium producer for the EV market. The company plans to start production in southwest Arkansas by 2027, with a goal to supply lithium for 1M EVs per year by 2030. Their production approach promises fewer environmental impacts than traditional mining.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:34 am

BP

BP PLC (NYSE:BP) evacuated its Whiting, Indiana refinery due to a transformer failure causing a plant-wide power outage. The incident led to a shutdown of the 435,000 barrel-per-day facility, sparking fears of fuel supply shortages. The outage pushed up gasoline and diesel prices in the area and lowered Canadian crude prices. BP's shares traded 0.51% lower at $34.95 in premarket trading on Friday.

Portfolio Pulse from Lekha Gupta

February 02, 2024 | 11:26 am

CVX

Chevron reported in its Q4 results that it incurred $1.8 billion in U.S. upstream impairment charges and $1.9 billion in decommissioning obligations from assets previously sold in the U.S. Gulf of Mexico.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 11:19 am

GTE

Gran Tierra Energy Inc. has priced an additional offering of $100 million in 9.500% Senior Secured Amortizing Notes due 2029. This private placement targets qualified institutional buyers in the U.S. under Rule 144A and non-U.S. persons under Regulation S, along with certain exemptions in Canada.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:08 am

RKLB

Rocket Lab has upsized its offering of convertible senior notes to $300M at a 4.250% interest rate, maturing in 2029. The initial offering was increased from $275M, with an option for purchasers to buy an additional $55M within 13 days of issuance. The offering is set to close on February 6, 2024, with interest payments starting August 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 7:05 am