Streetbeat News

Assets

SLB

SLB has agreed to sell its interests in the Palliser Block in Alberta, Canada. The transaction includes oil and gas wells, surface facilities, a pipeline network, and development rights. The deal is subject to regulatory approval and is expected to close in late Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:47 pm

ANY

Sphere 3D reported a significant decrease in Bitcoin mining production for September 2024, mining only 9.2 Bitcoins compared to 63.6 the previous year. This decrease is due to a strategic shift towards lower-cost hosting sites, which has improved the company's balance sheet. Sphere 3D is also upgrading its mining fleet with higher-efficiency machines.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 9:44 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are experiencing a down day, with Bitcoin, Ethereum, and Dogecoin consolidating recent gains. Despite the downturn, traders are optimistic about a new bull cycle. Bitcoin ETFs have seen significant purchases, while Bitcoin's price is approaching a critical resistance level.

Portfolio Pulse from Khyathi Dalal

October 17, 2024 | 7:40 pm

AAVEUSD

Aave's price has decreased by 3.17% in the last 24 hours to $151.92, despite a 10% gain over the past week. Trading volume has dropped by 49% and its circulating supply is at 93.47% of the max supply. Aave's market cap is $2.28 billion, ranking it #45.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 7:02 pm

GEO

Citron Research highlights that GEO Group has updated the net asset value (NAV) of their assets to over $45 per share, a move largely unnoticed by Wall Street. GEO's management states that their company-owned facilities have a replacement value exceeding $6 billion due to increased construction and development costs.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 6:18 pm

BA

ENVX

ETN

GEV

HON

JBLU

KTOS

PAYX

RTX

The article highlights unusual options activity in the industrials sector, focusing on nine stocks: ENVX, HON, PAYX, KTOS, RTX, JBLU, ETN, BA, and GEV. It provides details on the type of options, sentiment, expiration dates, and trade volumes.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:35 pm

BP

BP is considering selling a minority stake in its offshore wind business to reduce its investment burden and focus on high-margin oil and gas operations. The company has faced shareholder pressure over its energy transition strategy, and CEO Murray Auchincloss is revamping plans to prioritize profitability. BP has paused new offshore wind investments and plans to sell its U.S. onshore wind business.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 4:38 pm

BTCUSD

Bitcoin exchange reserves have hit a multi-year low, indicating strong institutional demand. However, with 94% of Bitcoin's circulating supply in profit, short-term profit-taking could occur. New institutional players are accumulating Bitcoin, pushing its price higher.

Portfolio Pulse from Ivan Crnogatić

October 17, 2024 | 3:46 pm

WDAY

The article provides an in-depth analysis of Workday (NASDAQ:WDAY) compared to its competitors in the software industry. Workday shows potential undervaluation with low PE, PB, and PS ratios but has lower profitability metrics like ROE, EBITDA, and gross profit. However, it boasts a strong revenue growth rate and a favorable debt-to-equity ratio, indicating a strong financial position.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 3:01 pm