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MARA

MSTR

Metaplanet Inc., a Tokyo-listed company, has expanded its Bitcoin holdings by purchasing an additional $10.4 million worth of Bitcoin, bringing its total to over 1,018 BTC. This move aligns with its strategy to enhance shareholder value through cryptocurrency investments, drawing comparisons to MicroStrategy and Marathon Digital. Metaplanet's shares rose by 7% following the announcement.

Portfolio Pulse from Murtuza Merchant

October 28, 2024 | 7:47 pm

APA

Apache Corporation faced a major setback with its Alpine High project, leading to a $3 billion write-down and a 93% stock price drop. The company misled investors about the site's viability, resulting in a $65 million settlement. Apache has since shifted focus to other projects.

Portfolio Pulse from Stan Vick

October 28, 2024 | 7:08 pm

SPY

USO

The U.S. Energy Department has announced a new solicitation to purchase up to 3 million barrels of oil to refill the Strategic Petroleum Reserve (SPR) between April and May 2025. This move is part of the ongoing efforts to replenish the SPR.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 7:05 pm

LGO

Largo has extended the life of its Maracás mine to 2054 and increased its vanadium and titanium reserves by 67%, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 4:38 pm

MULN

Mullen Automotive's stock is down 11.8% after announcing $10 million in non-dilutive debt financing from Robert Bollinger to support Bollinger Motors' production. The company also established Mullen Credit Corporation and plans a 20% workforce reduction.

Portfolio Pulse from Lekha Gupta

October 28, 2024 | 4:10 pm

BCHUSD

Bitcoin Cash (BCH) has seen a 3.14% price increase in the last 24 hours, reaching $361.9, despite a flat performance over the past week. Trading volume has decreased by 24% over the week, and the circulating supply is at 94.19% of its max supply. BCH ranks #18 in market cap at $7.16 billion.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:01 pm

TSM

The article provides a comparative analysis of Taiwan Semiconductor (NYSE: TSM) against its industry competitors, highlighting its financial indicators, market standing, and growth potential. TSMC shows strong profitability, robust cash flow, and significant market share, with a lower debt-to-equity ratio compared to peers, indicating a strong financial position.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:00 pm

TSLA

The article provides a detailed comparison of Tesla's financial metrics with its competitors in the automobile industry. Tesla shows high valuation ratios (P/E, P/B, P/S) compared to industry averages, indicating potential overvaluation. However, it has a strong ROE and revenue growth, suggesting profitability and positive future performance. Tesla's lower debt-to-equity ratio indicates a strong financial position.

Portfolio Pulse from Benzinga Insights

October 28, 2024 | 3:00 pm

MULN

Robert Bollinger has provided Mullen Automotive with $10 million in financing. This financial support could help Mullen in its operations and growth plans.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 1:08 pm

AZUL

Azul shares rise as the company secures a $150 million investment, with an additional $250 million pending documentation and another $100 million contingent on finalizing negotiations.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 12:10 pm