Streetbeat News

Assets

SPY

USA Housing Starts for December were reported at 1.460 million, exceeding the estimate of 1.426 million but lower than the previous month's figure of 1.525 million.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:30 pm

SPY

The number of building permits issued in December was 1.495 million, exceeding the estimate of 1.48 million. This indicates a potential increase in future construction activity, which could have implications for the housing market and related sectors.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 1:30 pm

SO

Southern (NYSE:SO) has seen a 14.29% decrease in short interest, now at 12.39 million shares or 1.14% of float, taking 3.6 days to cover. This decline may indicate a more bullish sentiment among investors. Southern's short interest is below its peer group average of 2.67%, suggesting better performance against its peers.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 1:00 pm

AES

The AES Corporation has completed 3.5 GW of renewable energy projects in 2023, which is nearly double the capacity that the company constructed in 2022. This significant increase in renewable capacity highlights AES's growth in the clean energy sector.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:25 pm

BBIO

BridgeBio Pharma has secured strategic financing from Blue Owl Capital and Canada Pension Plan Investment Board, with the potential to receive up to $1.25 billion. This capital infusion is aimed at supporting BridgeBio's mission to develop life-saving medicines for genetic diseases and cancers with clear genetic drivers. The financing includes an initial $350 million investment and the possibility of an additional $900 million based on the achievement of certain milestones.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:01 pm

GBTC

Peter Schiff, a gold advocate, agrees with JP Morgan CEO Jamie Dimon's view that Bitcoin has no value. Dimon, speaking at a CNBC event in Switzerland, expressed his intention to stop discussing Bitcoin, which he associates with illegal activities, but acknowledged the validity of blockchain technology. Schiff predicts a decline in Bitcoin's price, citing that sales of Bitcoin and outflows from Grayscale's Bitcoin Trust (GBTC) exceed the inflows from new Bitcoin ETFs. Schiff also expects stringent regulations from SEC Chairman Gary Gensler, which could increase Bitcoin transaction costs and negatively impact its price.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 11:56 am

ORLA

Orla Mining has announced positive outcomes from its layback and oxide extension drilling at the Camino Rojo Mine, indicating potential for resource expansion and extended mine life.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:12 am

AHH

Armada Hoffler Properties, Inc. has secured a lease contract with Duane Morris, a global law firm, for approximately 10,000 square feet of office space at the Wills Wharf building in Baltimore's Harbor Point area.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 11:03 am

BLNK

CHPT

F

GM

TSLA

The U.S. Transportation Department is allocating $148.8 million to refurbish or replace approximately 4,500 existing electric vehicle (EV) charging stations across 20 states. This federal funding is part of an effort to improve the nation's EV infrastructure and support the growing adoption of electric vehicles.

Portfolio Pulse from Charles Gross

January 18, 2024 | 10:10 am

BA

Akasa Air, an Indian carrier, has placed a follow-on order for 150 Boeing 737 MAX jets, including 737-10 and 737-8-200 models, to support its domestic and international expansion. The announcement was made at the Wings India 2024 airshow, reinforcing Akasa Air's commitment to an all-737 fleet.

Portfolio Pulse from Charles Gross

January 18, 2024 | 9:58 am