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IBIT

MSFT

MSTR

Microsoft shareholders are pushing for an assessment of investing in Bitcoin, citing the cryptocurrency's strong performance and the success of MicroStrategy, which holds significant Bitcoin assets. The board advises against this proposal, stating that the company has already considered cryptocurrencies in past evaluations.

Portfolio Pulse from Aniket Verma

October 25, 2024 | 4:11 am

NEXA

Nexa Resources has reaffirmed its 2024 guidance for zinc and lead production in its mining segment. The company has also revised its 2024 CAPEX guidance downward by $11 million, from $311 million to $300 million, due to positive foreign exchange impacts and capital allocation optimization efforts.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:42 pm

XRAY

Dentsply Sirona is evaluating its Byte business and may incur significant impairments and write-offs in the current and future periods.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:41 pm

SAVE

Spirit Airlines has signed a binding term sheet with GA Telesis for the sale of 23 A320ceo/A321ceo aircraft, expected to total $519 million. Deliveries are planned from October 2024 to February 2025, pending final documentation and conditions.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:26 pm

SAVE

Spirit Airlines projects a significant decrease in capacity for FY25 and Q4 2024 due to aircraft sales, engine issues, and fleet changes. However, the company expects improved operating margins in Q3 2024 due to better-than-expected revenue from its transformation plan.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:23 pm

FMST

Foremost Clean Energy Ltd. (NASDAQ:FMST) has announced a brokered private placement to raise up to C$7 million, with Denison Mines participating. The offering includes various units priced between C$3.00 and C$4.55, with Red Cloud Securities Inc. acting as the lead agent.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:39 pm

EPSN

Epsilon Energy Ltd. (NASDAQ:EPSN) has signed agreements to form a joint venture in Alberta, Canada, focusing on horizontal development in the Garrington and Harmattan areas. The venture involves a C$12M development carry, with C$10M allocated for initial drilling. Epsilon will earn a 25% working interest in the Garrington area and has a 50% interest in the Killam area. The company benefits from Canadian tax advantages.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:23 pm

GLBS

Globus Maritime Limited (NASDAQ:GLBS) has announced agreements to purchase two Kamsarmax dry bulk vessels for $27.5M and $26.5M. The purchases, approved by independent directors, will expand Globus's fleet to ten vessels by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:14 pm

NEM

Analysts have provided mixed evaluations for Newmont (NYSE:NEM) over the past three months, with a recent increase in the average 12-month price target to $60.83. The company, the world's largest gold miner, has shown strong financial performance but faces challenges in debt management. Recent acquisitions and potential asset sales could impact future performance.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 8:00 pm

WFC

Wells Fargo's CEO announced that the bank might incur a loss of $2 billion to $3 billion on its commercial real estate (CRE) portfolio. However, the bank has already reserved for these potential losses, which de-risks its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:29 pm