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EIS

EWG

GLD

The ongoing conflict between Israel and Hamas has led to a 0.4% decline in the Israeli shekel and a 1.8% decrease in Israeli stocks as tracked by the iShares MSCI Israel ETF (NYSE:EIS). Gold, as measured by the SPDR Gold Trust (NYSE:GLD), continued its positive trend, trading at $1,975 per ounce. European stocks, particularly Germany’s DAX Index, which is tracked by the iShares MSCI Germany ETF (NYSE:EWG), were nearly 1% down.

Portfolio Pulse from Piero Cingari

October 20, 2023 | 1:47 pm

MSFT

A significant amount of unusual options activity has been observed for Microsoft (NASDAQ:MSFT), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $181,036 and for calls was $273,636. Whales have been targeting a price range from $270.0 to $335.0 for Microsoft over the last 3 months. The current price of MSFT is up 0.08% at $331.6. Several financial institutions have maintained or downgraded their ratings on Microsoft, with price targets ranging from $370 to $430.

Portfolio Pulse from Benzinga Insights

October 20, 2023 | 1:46 pm

SNDL

SNDL Inc. (NASDAQ:SNDL) plans to consolidate all cultivation activities at its Atholville, New Brunswick facility, centralizing manufacturing, processing, and production operations to Kelowna, British Columbia. The company expects this optimization to result in over $10 million in annual savings through reduced overhead, power costs, and labor efficiencies. This is in addition to the previously announced $18.2 million of annualized cost savings since the acquisition of The Valens Company Inc. in January 2023.

Portfolio Pulse from Jelena Martinovic

October 20, 2023 | 1:42 pm

BSVUSD

BTCUSD

ETHUSD

FXSUSD

Cryptocurrency prices are on the rise with Ethereum (ETH) trading above the $1,600 mark and Bitcoin (BTC) trading above $29,800. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Frax Share (FXS) was the biggest loser. The global crypto market cap rose to $1.13 trillion, recording a 24-hour gain of 4.4%.

Portfolio Pulse from Lisa Levin

October 20, 2023 | 1:31 pm

BNBUSD

BTCUSD

ETHUSD

SOLUSD

XRPUSD

Bitcoin (BTC) has breached the $30,000 mark for the first time since August 2023, driven by amendments to spot Bitcoin ETF filings by Blackrock and Fidelity, and a similar filing by Grayscale. The price dipped slightly below $30,000 at the time of writing. Market experts suggest that if Blackrock's ETF receives approval, Bitcoin could surge to $56,000. Other cryptocurrencies such as Ethereum (ETH), BNB, XRP, and Solana (SOL) also saw price increases.

Portfolio Pulse from Khyathi Dalal

October 20, 2023 | 1:20 pm

NUE

Nucor Corporation (NYSE: NUE) is considering potential sites in the Pacific Northwest to build a new rebar micro mill with an annual capacity of 650,000 tons. This would be Nucor's fourth rebar micro mill, joining its existing mills in Missouri and Florida and the mill currently under construction in North Carolina. The new mill would produce a full range of rebar sizes and have spooling capabilities. The rebar market is expected to show continued strength due to increased federal infrastructure spending.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 1:05 pm

RUN

Shares of Sunrun Inc (NASDAQ:RUN) fell by 8.5% amid a broader weakness in solar-related stocks, following a weak preliminary Q3 outlook from SolarEdge Technologies. SolarEdge's downward adjustment in non-GAAP gross margin guidance suggests increased pricing and margin pressure within the solar industry, which could negatively affect Sunrun's profitability. Solar companies often share supply chain relationships and distribution networks, so any difficulties faced by SolarEdge could disrupt Sunrun's operations and impact their revenue and profitability.

Portfolio Pulse from Henry Khederian

October 20, 2023 | 1:01 pm

BOWL

Bowlero has completed a $432.9 million sale-leaseback deal with VICI Properties. This has led to an increase in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 12:47 pm

FFIE

Faraday Future Intelligence Electric (NASDAQ:FFIE) has secured a $12 million capital injection through a sale-leaseback arrangement of its manufacturing facility in Hanford, California. The move aims to support plant improvements and infrastructure enhancements, facilitating increased production capacity for the upcoming FF 91 2.0 Futurist Alliance. The company recently outlined a plan to achieve financial stability through cost reduction and without relying much on external funding.

Portfolio Pulse from Anan Ashraf

October 20, 2023 | 7:51 am

WLFC

Willis Lease Finance has priced $410M fixed rate notes, which will be secured by WEST's direct and indirect interests in a portfolio of 51 aircraft engines and four airframes. The planned closing date is October 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 20, 2023 | 6:47 am