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HUT

Hut 8 Corp. (NASDAQ:HUT) saw its stock price surge after announcing an interim agreement to build and install mining operations in Cedarvale, Texas. This development is part of the Celsius Network LLC bankruptcy proceedings. Hut 8 will manage a site housing approximately 66,000 miners, powered by over 215 MW of energy. The company's managed services business currently oversees 680 MW, with expectations to exceed 895 MW once the Cedarvale site is operational. Hut 8's stock closed up 15.8% at $12.16.

Portfolio Pulse from Ryan Gustafson

December 18, 2023 | 9:26 pm

LPTV

Loop Media, Inc. (NYSE: LPTV) has improved its balance sheet by accessing approximately $4.0 million in additional capital and converting $2.3 million of existing long-term debt into equity. The capital increase comes from the exercise of warrants and a new revolving debt facility with Excel Family Partners, LLLP. The transactions involve related parties, including Excel, managed by Loop's Chairman Bruce Cassidy, Sr., and board member Denise Penz. The company plans to use the funds to support its FY24 business plan, focusing on growing its distribution footprint and revenues.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:18 pm

CZOO

Cazoo Group Ltd announced in an SEC filing that it will require additional capital before the second half of 2024 to meet future liquidity needs. The company expects to have cash and cash equivalents between £100M-£115M by December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 9:10 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has significantly outperformed the market, with an average annual return of 29.56% over the past 20 years. An initial investment of $1000 in ISRG stock 20 years ago would be worth $179,460.33 today. The company currently has a market capitalization of $115.91 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 9:00 pm

LMT

Over the past 10 years, Lockheed Martin (NYSE:LMT) has produced an average annual return of 11.81%, outperforming the market by 1.86% on an annualized basis. A $100 investment in LMT a decade ago would be worth $307.63 today. Lockheed Martin's market capitalization currently stands at $110.71 billion.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 9:00 pm

SPY

Fed's Daly suggests that fewer rate cuts would be necessary if inflation progress stalls, while more cuts could be appropriate if inflation falls faster. Daly also indicates that up to three rate cuts could be needed in 2024 to prevent overshooting the inflation target, according to a WSJ report.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 8:56 pm

BNB

COIN

SOL

Bonk (CRYPTO: BONK) has seen a 578% increase in the past month, outperforming Shiba Inu (CRYPTO: SHIB), which gained 18.9% in the same period. Arthur Hayes predicts BONK could surpass SHIB as the second-largest dog-themed memecoin. BONK's listing on major exchanges like Coinbase and Binance contributed to its price surge, although it experienced a pullback due to profit-taking. BONK aims to become the community coin of Solana (CRYPTO: SOL) and be used in various DApps.

Portfolio Pulse from Khyathi Dalal

December 18, 2023 | 8:49 pm

GSAT

SIRI

SPCE

UFO

The Pentagon is increasing its investment in space capabilities in response to China's growing space threat, with a $33.3 billion space budget for fiscal year 2024, a 15% increase YOY. This investment is crucial for US defense and the functioning of the military, as well as the global economy and daily life. ProcureAM's Space ETF (UFO) and its top holdings, including Sirius XM Holdings (SIRI), Globalstar Inc (GSAT), and Virgin Galactic Holdings Inc (SPCE), are likely to benefit from this increased spending.

Portfolio Pulse from Johnny Rice

December 18, 2023 | 8:45 pm

WM

Over the past decade, Waste Management (NYSE:WM) has yielded an average annual return of 14.72%, outperforming the market by 4.77% annually. A $100 investment in WM 10 years ago would be worth $396.61 today. Waste Management's market cap stands at $71.47 billion, reflecting its growth and performance over the years. The key takeaway is the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 8:00 pm

GILD

Gilead Sciences (NYSE:GILD) has seen a decrease in short interest, with the short percent of float dropping 4.29% since the last report. The company has 17.42 million shares sold short, representing 1.56% of available shares for trading. The average time to cover these short positions is 2.93 days. A decrease in short interest can indicate a more bullish sentiment among investors. Gilead's short interest is below its peer group average of 5.05%.

Portfolio Pulse from Benzinga Insights

December 18, 2023 | 7:30 pm