Streetbeat News

Assets

BLK

MKTW

BlackRock has reported a 5.2% stake in MarketWise as of September 30, 2024, according to a 13G SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:32 pm

IIIN

Insteel Industries Inc. has acquired Engineered Wire Products for $70 million in an asset transaction funded from cash on hand. EWP is a leading manufacturer of welded wire reinforcement products with sales of $93.3 million for the year ending September 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:27 pm

KKR

KKR has acquired a portfolio of four Class A industrial warehouses in Central Florida, totaling 1.2 million square feet. The properties are fully leased to high-quality tenants. This acquisition is part of KKR's strategy to expand its warehouse holdings in the U.S.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:20 pm

BOOM

DMC Global has revised its Q3 financial guidance, lowering expected sales and adjusted EBITDA due to weaker performance in its Arcadia and DynaEnergetics divisions. The company also announced a significant goodwill impairment charge related to its acquisition of Arcadia.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:16 pm

AZUL

Azul SA is facing challenges in raising $400 million in fresh debt, which is crucial for meeting a condition in its deal with aircraft lessors. The Brazilian airline is under pressure to secure the funds.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:04 pm

DHI

GLD

LEN

SPY

The stock market experienced a downturn due to macroeconomic concerns and rising yields. Gold prices increased, while homebuilder stocks saw a decline.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 7:46 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets, including Bitcoin and Ethereum, are trading lower despite strong ETF inflows. Bitcoin ETF inflows surged to over $2 billion amid rising Trump election odds. Traders remain optimistic about Bitcoin's potential, with some predicting bullish trends.

Portfolio Pulse from Khyathi Dalal

October 21, 2024 | 7:32 pm

CLSK

HOOD

MARA

RIOT

Bitcoin's price surge above $67,000 is driven by strong ETF inflows and positive market sentiment. Bitcoin ETFs saw $2 billion in new purchases last week, with total inflows reaching $20.5 billion this year. Bitcoin miners like Riot Blockchain, CleanSpark, and Marathon Digital have outperformed AI stocks. Robinhood Markets also reported significant growth in active traders and crypto trading revenues.

Portfolio Pulse from Khyathi Dalal

October 21, 2024 | 6:14 pm

HSY

Hershey Inc. (NYSE:HSY) is trading at $184.85, down 0.44%. Over the past month, the stock fell by 4.39%, and by 2.86% over the past year. Its P/E ratio of 20.56 is lower than the Food Products industry average of 34.02, suggesting potential undervaluation or weak growth prospects.

Portfolio Pulse from Benzinga Insights

October 21, 2024 | 6:00 pm

VEON

VEON Ltd. received a strategic roadmap from shareholder Shah Capital to enhance shareholder value. VEON's board and management have reviewed and welcomed the suggestions, which include improving market valuation and leveraging strengths in emerging markets. VEON is committed to sustainable growth and optimizing its capital structure.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 5:43 pm