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AL

Air Lease Corporation (NYSE:AL) has delivered the first of nine new Airbus A321-200neo aircraft to ITA Airways, as part of a deal that will continue through 2025. The A321neo is expected to enhance ITA's operational efficiency and competitiveness, joining their existing fleet of 81 aircraft, which includes other new generation Airbus models.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:44 pm

APGB

Apollo Strategic Growth Capital II (NYSE:APGB), a SPAC, announced it will liquidate and dissolve, redeeming all outstanding Class A ordinary shares at approximately $10.58 per share. The company will not pursue an initial business combination and will cease operations except for winding up after November 28, 2023. The trust account balance as of November 10, 2023, was about $189.53 million. The company's securities will stop trading on the NYSE on November 27, 2023, and the shares will be cancelled the following day. The company's warrants will expire worthless, and the sponsor has waived redemption rights for founder shares and private placement warrants. APGB will delist from the NYSE and terminate its securities registration.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:41 pm

SPY

Moody's has indicated that the United States has a significantly higher capacity to carry a larger debt burden compared to other sovereign nations around the world.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:36 pm

CELUSD

Celsius's CEL token surged 27% following the confirmation of a reorganization plan by the U.S. Southern District of New York Bankruptcy Court. The plan allows for 67%-85% of holdings to be returned to creditors, with customers receiving about 25 cents per CEL token. The reorganization will be overseen by Fahrenheit Holdings, including Arrington Capital and U.S. Bitcoin Corp. Former CEO Alex Mashinsky was released on bond, with his trial set for September 2024. The new company, NewCo, will focus on mining and staking, with plans to stake Liquid Cryptocurrency on the Ethereum network. The upcoming Benzinga's Future of Digital Assets conference will discuss the positive investment trends in the crypto industry.

Portfolio Pulse from Khyathi Dalal

November 10, 2023 | 10:18 pm

BRPHF

ByteTree data shows Bitcoin ETF token holdings at their highest since April 2022, with 22,100 Bitcoins added in the past month. CoinShares reports $767 million in net inflows over six weeks, the highest since 2021, with total inflows exceeding $1 billion this year. Ethereum outflows narrowed by $30 million. Galaxy Digital's Mike Novogratz predicts 2024 as the year of institutional adoption of cryptocurrencies, led by Bitcoin spot ETFs. The Benzinga's Future of Digital Assets conference will discuss the positive investment trends in digital assets.

Portfolio Pulse from Khyathi Dalal

November 10, 2023 | 9:46 pm

AEP

American Electric Power (AEP) has announced that it is on track with the sales processes for its shares in a renewable energy joint venture (JV) and two non-core transmission JVs. This indicates that AEP is progressing as planned with its strategy to divest from certain joint ventures.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:41 pm

AEP

American Electric Power (AEP) anticipates finalizing the strategic review of its Transource Energy joint venture within the year. The company also confirms it is progressing as planned with the sales processes for its retail and distributed resources businesses.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:41 pm

AEP

American Electric Power (AEP) has announced a 5-year capital investment plan totaling $43 billion, with over $27 billion allocated to transmission and distribution. The company plans to invest nearly all of its capital in regulated businesses, aiming to simplify and de-risk its operations.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:40 pm

AEP

American Electric Power (AEP) is focusing on regulated operations and expects to generate value for customers and investors. AEP reaffirmed its 2023 operating earnings guidance range of $5.24 to $5.34 per share and announced a 2024 guidance range of $5.53 to $5.73 per share. The company also confirmed a long-term growth rate of 6%-7%. AEP's $43 billion capital investment plan over five years will prioritize transmission, distribution, and regulated renewables. The company completed the sale of its unregulated renewables portfolio and is progressing with the sale of other non-core businesses. AEP increased its quarterly dividend to 88 cents per share, aligning with its earnings growth and targeted payout ratio.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:34 pm

AAPL

AMAT

AMZN

BLK

CSCO

DIS

GOOG

HD

META

MSFT

NVDA

TSLA

WMT

XLE

Tech giants led by the 'Magnificent 7' drove the Nasdaq 100 to outperform other indices, with Microsoft reaching new all-time highs. The Dow's blue-chip stocks stalled, and small caps fell. Energy sector lagged, while Bitcoin's market cap surpassed Tesla's. BlackRock showed interest in an Ethereum ETF. Fed Chair Powell's hawkish speech snapped the stock market's winning streak. Disney's Q3 results were mixed but received a positive rating from Morgan Stanley. Upcoming economic reports and earnings from Home Depot, Cisco, Walmart, and Applied Materials are on the watchlist.

Portfolio Pulse from Piero Cingari

November 10, 2023 | 9:23 pm