Streetbeat News

Assets

COTY

Coty Inc. announced early results of its cash tender offer to purchase up to $300 million of its 5.000% Senior Secured Notes due 2026, increasing the cap from $250 million.

Portfolio Pulse from

November 21, 2024 | 4:30 am

APA

REI

APA Corporation sold CBP and NW Shelf assets for $950 million, indicating a potential valuation increase for Ring Energy's shares by 50% to 100%. However, Ring Energy needs to reduce leverage without significant dilution to realize this upside.

Portfolio Pulse from

November 21, 2024 | 4:00 am

PFFA

PFFA is a high-yield fund offering exposure to preferred stocks, combining robust asset selection, leverage, and options overlay for strong performance and stable income. Despite high fees, its active management and consistent outperformance make it appealing for income-focused investors.

Portfolio Pulse from

November 21, 2024 | 4:00 am

GRNY

Tom Lee's Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) has quickly gained traction, amassing over $300 million in assets. The ETF employs a unique investment strategy focusing on high-reward, moderate-risk stocks, with significant exposure to Information Technology and Industrials.

Portfolio Pulse from

November 21, 2024 | 3:30 am

SPYI

The NEOS S&P 500 High Income ETF (SPYI) is attracting investors due to its options-based income strategy, boasting over $2.3 billion in assets under management and a distribution rate exceeding 12%.

Portfolio Pulse from

November 21, 2024 | 2:45 am

NOMD

Nomad Foods, a leading European frozen food company, trades at an attractive valuation of less than 9x forward earnings. Despite consistent free cash flow and a strong brand portfolio, the company's balance sheet is stretched due to past acquisitions.

Portfolio Pulse from

November 21, 2024 | 12:45 am

WSTRF

Western Uranium & Vanadium Corp. has successfully closed the second tranche of its CAD $5.5 million financing, issuing 4,142,906 common shares and warrants. This financing was initially announced on November 8, 2024.

Portfolio Pulse from

November 21, 2024 | 12:00 am

BLK

BlackRock Canada announced the final November 2024 cash distributions for the iShares Premium Money Market ETF, with unitholders of record on November 21, 2024, receiving payments on December 2, 2024.

Portfolio Pulse from

November 20, 2024 | 11:00 pm

THYF

As 2024 ends, investors are advised to consider reallocating their bond investments. With interest rates decreasing, the Active High Yield ETF THYF is highlighted as a potential option for new bond allocations.

Portfolio Pulse from

November 20, 2024 | 10:45 pm

OXY

WES

Western Midstream (WES) offers a high yield and strong fundamentals, with potential for increased distributions in 2025. However, its affiliation with Occidental Petroleum (OXY) poses risks due to potential conflicts of interest and uncertainty about OXY's intentions to divest its WES stake. Recent developments, including OXY's partial sale of WES units and CEO transitions, have created market uncertainty but also potential investment opportunities.

Portfolio Pulse from

November 20, 2024 | 10:45 pm