Streetbeat News

Assets

BA

Boeing Co. is planning to raise over $15 billion through common stock and convertible preferred shares to strengthen its financial position amid ongoing strikes and losses. The company faces challenges including a machinists' strike affecting 737 MAX production and regulatory scrutiny. Despite a $6 billion quarterly loss, Boeing secured a $10 billion credit agreement with major banks. A Goldman Sachs analyst remains optimistic about Boeing's long-term prospects, maintaining a Buy rating on the stock.

Portfolio Pulse from Benzinga Neuro

October 28, 2024 | 11:22 am

LGO

Largo Inc. has extended the life of its Maracás Menchen mine to 2054, significantly increasing vanadium and titanium reserves by 67%. The updated Life of Mine Plan and Pre-Feasibility Study reveal strong project economics with a post-tax NPV of $1.1 billion and a post-tax cash flow of $3.8 billion. The report highlights robust production scenarios and future growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:02 am

BA

Boeing is planning to raise over $15 billion in capital, potentially starting as soon as Monday. This move is likely aimed at strengthening its financial position and supporting its operations and growth initiatives. The capital raise could involve various financial instruments, including debt or equity offerings, and reflects Boeing's strategic efforts to navigate current market conditions and future opportunities. Investors should monitor this development closely as it may impact Boeing's stock price and financial health in the short term.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:35 am

HCTI

Healthcare Triangle has acquired the cloud and technology domain business of Securekloud Technologies, enhancing its capabilities in this sector.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:27 am

GFI

Gold Fields Limited has completed the acquisition of Osisko Mining, gaining full ownership of the Windfall project in Northern Quebec. This strategic move enhances Gold Fields' presence in a key mining region.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:02 am

DJT

Donald Trump's net worth has surged due to his $4 billion stake in Trump Media & Technology Group, the parent of Truth Social. The upcoming election could significantly impact the value of this stake, with potential devaluation if Trump loses. Despite legal challenges, Trump's financial position is bolstered by his media stake and golf properties.

Portfolio Pulse from Bibhu Pattnaik

October 27, 2024 | 7:30 pm

BMMJ

Body and Mind Inc. has secured a $2.3 million credit facility from Bengal Catalyst Fund to support its expansion in Illinois and New Jersey. The financing will aid in developing dispensary projects and optimizing the company's asset base. The credit facility carries an 18% interest rate and is secured alongside amended convertible debentures.

Portfolio Pulse from Nicolás Jose Rodriguez

October 27, 2024 | 12:22 pm

HE

Ken Griffin has disclosed a 5.4% stake in Hawaiian Electric Industries, indicating a significant investment in the company.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 8:05 pm

CRL

Charles River Inc. (NYSE:CRL) shares are currently priced at $184.00, with a recent 0.70% increase. Despite a 7.83% decline over the past month, the stock has risen by 11.10% over the past year. The company's P/E ratio is lower than the industry average, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:47 pm

DIS

DJT

GOOG

META

NTES

TTD

VZ

The article highlights significant options activity in the Communication Services sector, focusing on seven stocks: META, DJT, VZ, GOOG, DIS, NTES, and TTD. The options activity includes both call and put contracts with varying sentiments, indicating potential trading opportunities.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:35 pm