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FLOKIUSD

Crypto analyst Crypto Tony predicts a significant rally for Floki (FLOKI) if it breaks the $0.000060 price level, referring to the current period as 'Doge season.' FLOKI has been listed on CoinW's perpetual futures and has seen a 334% increase year-to-date. Another analyst, Kaleo, also suggests a potential 40% surge in FLOKI's value.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 1:00 pm

COIN

Coinbase Inc. (NASDAQ:COIN) has seen its stock surge by 400% in 2023, outperforming Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). A $1,000 investment in COIN at the start of the year would now be worth $5,000.89. In comparison, the same investment would have grown to $2,638.73 in BTC, $1,864 in ETH, and $1,352 in DOGE. Despite the stock's growth, ARK Invest has reduced its exposure to COIN. Coinbase CEO Brian Armstrong is optimistic about crypto's future and is supporting pro-crypto U.S. election candidates.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 12:30 pm

LMNR

Limoneira Co (NASDAQ:LMNR) reported Q4 FY23 revenue of $41.4 million, a 4% increase, surpassing the consensus of $37.8 million. Agribusiness revenue increased, and the company sold approximately 550,000 cartons of fresh lemons. However, there was no avocado revenue, and the company reported an increased operating loss of $(9.7) million. Adjusted EBITDA loss improved to $(1.3) million, and adjusted EPS loss was in line with consensus. The company used $(15.9) million in net cash for operating activities and ended with $3.6 million in cash. LMNR expects challenges due to supply chain and inflation but projects increased lemon and avocado volumes in FY24. The company plans to sell non-strategic assets for expected proceeds of $50 million and has adjusted cash flow projections to $131 million over nine years. The Board is exploring strategic alternatives to maximize stockholder value. LMNR shares closed up 1.32% at $19.19.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 12:26 pm

TALO

Talos Energy has been named the apparent high bidder for 13 deepwater blocks, totaling approximately 74,000 gross acres (48,000 net acres), in the U.S. Gulf of Mexico Outer Continental Shelf Federal Lease Sale 261 conducted by the Bureau of Ocean Energy Management.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 12:04 pm

BCH-USD

Anthony Scaramucci, founder of SkyBridge Capital, predicts that a Bitcoin Cash (BCH) ETF could be approved by the SEC next week, suggesting the timing could be used to 'bury the news'. Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. Several firms, including BlackRock, Grayscale, Fidelity Investments, WisdomTree Inc., Ark Invest, and 21Shares, have filed for a spot Bitcoin ETF, but none have been approved. SkyBridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen significant gains.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 11:39 am

BCH-USD

Anthony Scaramucci, founder of SkyBridge Capital, predicts that a Bitcoin Cash (BCH) ETF could be approved by the SEC next week, suggesting the timing could be used to 'bury the news'. Bitcoin Cash is a cryptocurrency that forked from Bitcoin in 2017. Several firms, including BlackRock, Grayscale, Fidelity Investments, WisdomTree Inc., Ark Invest, and 21Shares, have filed for a spot Bitcoin ETF, but none have been approved yet. SkyBridge Capital's cryptocurrency investments, including Bitcoin, Ethereum, and Solana, have seen significant gains.

Portfolio Pulse from Mehab Qureshi

December 22, 2023 | 11:39 am

AL

Air Lease Corporation received approximately $64.9 million in insurance settlement proceeds for four aircraft in its owned fleet that were on lease to S7 Airlines during Russia's invasion of Ukraine. The settlement is related to three A320-200 and one A321-200 aircraft.

Portfolio Pulse from Charles Gross

December 22, 2023 | 11:09 am

VTLE

Vital Energy, Inc. (NYSE:VTLE) has acquired an additional working interest in 45 wells in the Permian Basin for $55 million, which is expected to increase its 2024 production by approximately 1,400 BOE/d and Free Cash Flow by about $20 million. The company plans to fund the acquisition by issuing common and preferred shares. VTLE's credit facility remains undrawn with $611 million in cash and cash equivalents. VTLE shares closed higher by 1.46% at $45.03.

Portfolio Pulse from Lekha Gupta

December 22, 2023 | 10:49 am

TTE

TotalEnergies (TTE) has agreed to sell a 25.5% equity stake in the Seagreen Offshore Wind Farm to Thailand's PTTEP for £522 million ($689 million).

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 8:34 am

EWU

U.K. business investment for Q3 has been reported at -3.2%, which is better than the estimated -4.2%, but still a decline from the previous quarter's revised figure of 1.4%.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 7:19 am