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Assets

BTBT

Bit Digital reports no adverse impact on its operations in Iceland due to the recent volcano eruption on the Reykjanes Peninsula. The company is monitoring the situation but currently does not expect any material impact on its bitcoin mining or AI infrastructure business in the country.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 10:02 pm

AAPL

AMZN

CRWD

CYBR

DIS

GOOG

GOOGL

MAGS

META

MSFT

NVDA

PANW

QQQ

TENB

TSLA

Wedbush analyst Daniel Ives predicts major developments in the tech sector for 2024, including AI going mainstream, Apple introducing an AI App Store, increased M&A activity, Tesla launching a sub-$30K vehicle, tech stocks rising by 25%, Apple potentially acquiring ESPN, cybersecurity being the top sub-sector, the 'Magnificent 7' leading tech growth, Musk advancing the super-app concept for X, and Apple and Microsoft reaching $4 trillion market caps.

Portfolio Pulse from Chris Katje

December 19, 2023 | 9:55 pm

GPMT

Granite Point Mortgage Trust (GPMT) resolved a $93M nonaccrual senior loan through a sale of the collateral San Diego office property. They provided a $49M senior floating rate loan to the new owners. GPMT expects a $30M loss, largely covered by prior reserves, impacting Q4 2023 results.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:51 pm

NVOS

Novo Integrated Sciences, Inc. (NASDAQ:NVOS) has received a partial assignment of a $1 Billion Gold-Bullion backed Bond from Blacksheep Trust. The Bond is a 20-year instrument with 12.5% annual interest, and the assignment to Novo is for up to 15 years without annual interest. This follows a Master Agreement between Novo and Blacksheep from September 27, 2023, for the transfer of $1 billion in collateral for monetization by Novo.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:40 pm

CPK

Chesapeake Utilities Corporation's subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son's in North Carolina. This acquisition adds approximately 3,000 customers and 800,000 gallons of propane distribution annually, along with a bulk plant with 60,000 gallons of storage. The deal is expected to bring cost savings and synergies due to an expanded service area in Wilmington.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:37 pm

PEAK

Healthpeak Properties, Inc. (NYSE:PEAK) has received entitlements to develop an additional 1.3 million square feet of lab space at the Vantage campus in South San Francisco, doubling the allowable density since the land acquisition. The campus will total approximately 1.7 million square feet upon completion. Phase I is underway with 52% already leased to Astellas Pharma. The development aligns with market demand and strengthens South San Francisco's biotech industry presence.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:34 pm

SPY

USO

The latest USA API Weekly Crude Oil Stock report indicated a build of 0.939 million barrels, contrasting with the estimated draw of 2.233 million barrels and the previous week's draw of 2.349 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:32 pm

TMDX

TransMedics has acquired a fixed-wing aircraft from Munday Aviation, LLC for approximately $13.2M on December 18, 2023, as disclosed in a filing. This acquisition adds to the nine aircraft previously acquired by the company, bringing the total to ten. These aircraft will be used to transport donor organs.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:27 pm

SHEL

Shell Offshore, a subsidiary of Shell, has made an investment in the Sparta development located in the Gulf of Mexico. The financial terms of the investment were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 9:05 pm

KLAC

Over the past 15 years, KLA (NASDAQ:KLAC) has produced an average annual return of 24.89%, outperforming the market by 12.89% on an annualized basis. A $100 investment in KLAC 15 years ago would be worth $2,868.70 today. KLA currently has a market capitalization of $78.50 billion.

Portfolio Pulse from Benzinga Insights

December 19, 2023 | 9:01 pm