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Spirit Airlines reported having $1.3 billion in liquidity as of December 31, 2023, which includes unrestricted cash, cash equivalents, and short-term investment securities. The company is currently exploring options to refinance its debt maturing in 2025.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:59 am

ASIX

AdvanSix reported an operational disruption at its Frankford manufacturing site, leading to reduced production of phenol and acetone. The disruption is process-based, affecting the output at this particular facility.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:55 am

WGO

Winnebago Industries has priced a $300 million offering of 3.250% convertible senior notes due in 2030. The interest is payable semi-annually, with the first payment starting July 15, 2024. The notes are aimed at refinancing maturing debts from 2025 and are convertible under certain conditions until July 15, 2029, and anytime thereafter until just before the maturity date.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 7:06 am

Royal Bank of Canada (RY) is issuing 750 thousand Preferred Shares Series BU at $1,000 each to raise $750 million. The shares will have an annual yield of 7.408%, payable semi-annually until February 24, 2029. Post that, the dividend rate will reset every five years to a rate 3.90% above the 5-year Government of Canada bond yield.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 6:41 am

ARKK

JPM

Cathie Wood, CEO of ARK Invest, countered JPMorgan Chase CEO Jamie Dimon's negative remarks on Bitcoin, highlighting its robust hash rate and the significant computer network backing it. Despite Dimon's comparison of Bitcoin to a 'pet rock', Wood emphasized the strength of Bitcoin's technology and its market performance, with a surge of over 100% in the past year. Wood also disclosed that Bitcoin comprises at least 25% of her personal net worth, excluding her stakes in Ark and real estate.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 6:06 am

BBJP

DXJ

EWJ

Japan's National Core Consumer Price Index (CPI) for December came in at 2.3%, aligning with estimates and showing a slight decrease from the previous 2.5%. This data is a key indicator of inflation in Japan.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:23 am

ADAUSD

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

XRPUSD

Cryptocurrency analyst Michael Van de Poppe discussed the current state of meme coins, highlighting Solana's BONK, Floki, and TokenFi. BONK saw a 9900% increase in 2023, benefiting from strong community support and Solana's resurgence. Van de Poppe believes meme coins will continue to be driven by community strength and hype rather than utility. Floki's developers launched TokenFi, a tokenization platform for real-world assets, aiming to transition from a meme coin to a serious DeFi project. This aligns with industry trends towards tokenization, as noted by BlackRock's Larry Fink.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 4:23 am

ETHUSD

The SEC has delayed its decision on Fidelity's proposed spot Ethereum ETF until March 5. The extension allows for more comprehensive consideration of the proposal. Fidelity submitted the proposal in November, referencing a court ruling questioning the SEC's rejection of spot cryptocurrency ETFs. The delay follows the SEC's recent approval of 11 spot Bitcoin ETFs, raising expectations for a spot Ethereum ETF. Analyst James Seyffart anticipates key dates in late May for the ETF's progress.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 3:37 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experienced significant declines, with over $200 million in long positions liquidated in 24 hours. The largest single liquidation order was on Binance for BTC-USDT, worth $7.31 million. Despite the introduction of spot Bitcoin ETFs and initial acquisitions of bitcoins by these ETFs, the market has seen a net increase of only 28,000 Bitcoins due to Grayscale's GBTC selling off 40,000 Bitcoins. The overall cryptocurrency market cap decreased by 0.92% to $1.68 trillion. Analysts suggest buying dips below $41K for BTC and anticipate new all-time highs post the next Bitcoin halving event. Meanwhile, tech stocks, particularly Apple, drove the market up, with the Nasdaq Composite and S&P 500 seeing gains. The 10-year Treasury yield increased to 4.14% amid strong labor market data.

Portfolio Pulse from Mehab Qureshi

January 19, 2024 | 2:51 am

DOGEUSD

SHIBUSD

TRXUSD

Shiba Inu (CRYPTO: SHIB) saw a 551% surge in whale transaction volumes, with Robinhood accumulating 231 billion SHIB. Daily transactions increased, and a wallet linked to TRON's Justin Sun withdrew 79.4 billion SHIB from Binance. Fundamental developments, such as the SHIB Name Token and Ryoshi Network's use of SHIB as a gas token, could improve SHIB's performance. Shiba Inu is the 16th most valuable cryptocurrency with a $5.4 billion market cap.

Portfolio Pulse from Khyathi Dalal

January 18, 2024 | 10:09 pm