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DNN

Denison Mines (AMEX:DNN) and Orano Canada have announced the resumption of operations at the McClean Lake uranium mine, with mining activities set to recommence in 2025. The decision is influenced by soaring uranium prices, which recently hit a 16-year high, and is expected to provide modest near-term cash flow for Denison. BMO Capital Markets analyst Alexander Pearce maintains a Hold rating on Denison.

Portfolio Pulse from Stjepan Kalinic

January 25, 2024 | 2:58 pm

JPM

JPMorgan Chase (NYSE:JPM) has seen a decrease in short interest, with the current level at 17.82 million shares or 0.62% of the float, down 4.62% from the last report. The average time to cover these short positions is 1.54 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. JPMorgan Chase has a lower short interest compared to its peer group average of 0.82%.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 2:45 pm

BX

Blackstone Inc (NYSE:BX) shares rose after reporting Q4 FY23 results. Despite missing revenue estimates with $2.54 billion against a $2.57 billion consensus, distributable earnings increased 4% Y/Y to $1.39 billion. Fee-related earnings varied across segments, with a decline in Private Equity. Net accrued performance revenue decreased from the prior year, but distributable EPS of $1.11 beat the $0.95 consensus. AUM grew 7% Y/Y to $1.04 trillion. Blackstone announced a dividend of $0.94/share and repurchased 0.4 million shares. The stock is up 3.04% premarket.

Portfolio Pulse from Lekha Gupta

January 25, 2024 | 2:27 pm

BETS

Bit Brother Limited (BETS) has announced the delivery of all necessary equipment for its second cryptocurrency mining farm. The delivery, delayed due to extreme cold weather in Texas, includes approximately 1,400 miners and other essential equipment. The miners have been installed and tested, with the majority of other equipment assembly and testing completed. The company is now awaiting inspection by Abilene City and the issuance of a Certificate of Occupancy, anticipating the commencement of Site 2 in early February 2024.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:26 pm

TSN

Tyson Foods, Inc. has inaugurated a new $355 million food production facility in Bowling Green, Kentucky, to expand its bacon production. The 400,000-square-foot plant will produce two million pounds of bacon weekly, including Jimmy Dean and Wright Brand products. This expansion aims to meet the growing demand for bacon, which accounts for over $1 billion in sales for Tyson across retail and foodservice. The facility is expected to create nearly 450 jobs and is strategically located for supply chain efficiency. Tyson's bacon brands have shown significant growth, with Jimmy Dean being the fastest-growing retail food brand and Wright Brand leading in the stack category.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:14 pm

GOVT

SCHO

SCHR

The U.S. Treasury is expected to announce an increase in government bond supply on Jan. 31, raising questions about whether investor demand can keep pace. Demand for Treasuries dropped in late 2023, with yields peaking in October. However, demand has returned as the Fed's rate hike cycle appears to have peaked, and expectations of rate cuts have grown. Bank of America's Mark Cabana anticipates the Treasury will repeat the auction size increases seen in November. ETFs like iShares U.S. Treasury Bond ETF (GOVT), Schwab Short-Term U.S. Treasury ETF (SCHO), and Schwab Intermediate-Term U.S. Treasury ETF (SCHR) allow investors to track bond price movements. Despite concerns, auction performance has not consistently deteriorated, and a range of investors has shown improved demand for Treasuries.

Portfolio Pulse from Neil Dennis

January 25, 2024 | 2:09 pm

AAL

The CFO of American Airlines has announced plans to grow the airline's capacity by mid single digits in 2024. This strategic move indicates an expansion of services and potential growth for the company.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:43 pm

BA

ZNH

China has given Boeing Co (NYSE:BA) approval to resume deliveries of its 737 MAX 8 aircraft to Chinese customers, ending a two-year suspension. The first 737 MAX 8, registered to China Southern Airlines (NYSE:ZNH), is currently grounded in Hawaii. This comes as Boeing faces FAA restrictions on expanding production of its narrowbody planes due to a recent cabin panel blowout incident on a 737 MAX 9 jet operated by Alaska Airlines. The resumption of deliveries in China could help Boeing amid its operational challenges and ongoing US scrutiny.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 1:38 pm

SPY

December's Retail Inventories excluding autos showed an increase of 0.6%, a reversal from the prior month's decrease of 0.9%. This indicates a potential buildup of inventory levels in the retail sector.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:32 pm

SPY

Building permits in the U.S. came in at 1.493 million, slightly below the expected 1.495 million but higher than the previous 1.467 million.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 1:22 pm