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GLD

UUP

The escalating conflict in Gaza Strip has led to increased risk aversion in global markets. Israel's Defense Forces have issued an evacuation mandate for the northern sector of Gaza, which could affect over 1 million Palestinians. This has led to a surge in safe-haven assets, with Treasuries rallying and yields retracting. Gold, as tracked by the SPDR Gold Trust (GLD), saw a 1.6% uptick, while the U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), held steady. The Israeli shekel fell 0.6% against the dollar. Amid the turmoil, oil prices surged by over 3.5%.

Portfolio Pulse from Piero Cingari

October 13, 2023 | 1:18 pm

EDRY

EuroDry Ltd. (NASDAQ:EDRY) has announced the delivery of M/V YANNIS PITTAS, an Ultramax drybulk carrier, which is the first of three such carriers the company agreed to acquire. The vessel was paid for in cash and is expected to be partly financed by a $10.5 million sustainability-linked loan from Eurobank S.A. The vessel is under a time charter contract until December 2023 at $12,500 per day. The remaining two vessels are expected to be delivered by October 2023.

Portfolio Pulse from Happy Mohamed

October 13, 2023 | 1:04 pm

JPM

JPMorgan Chase & Co reported Q3 net revenue of $40.7 billion, up 21% Y/Y, beating the consensus of $39.57 billion. Consumer & Community Banking revenue increased 29% Y/Y to $18.4 billion, while Corporate & Investment Banking was $11.7 billion (-2% Y/Y). The company's Q3 provision for credit losses was $1.4 billion (-10% Y/Y). Assets under management (AUM) stood at $3.2 trillion (+22% Y/Y). The company expects net interest income excluding Markets of ~$89 billion for FY23. JPM shares are trading higher by 1.33% at $147.75 premarket.

Portfolio Pulse from Lekha Gupta

October 13, 2023 | 1:02 pm

SNDL

SunStream Bancorp has announced a court order granting the sale of certain assets of Greenpeak Industries and affiliated entities, Skymint, to Skymint Acquisition Co., a designee entity of Tropics LP, fully owned by an affiliate of Sunstream and sponsored by SNDL Inc. The sale is part of Skymint's ongoing restructuring and is expected to close in Q1 2024, subject to regulatory approval. The assets include 21 retail leases with dispensaries that produced annualized sales of approximately $68 million in September 2023.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:42 pm

GOOD

Gladstone Commercial Corporation (NASDAQ:GOOD) has acquired a 70,000 square foot industrial manufacturing facility in Allentown, Pennsylvania, for a total purchase price of $7.8 million. The property is 100% leased to Alleguard, a manufacturer and distributor of custom EPS, EPP and ARCEL foam products. The acquisition is part of Gladstone's growth strategy of acquiring functional assets leased to credit-worthy tenants in strong industrial markets.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:34 pm

MEOH

Methanex Corporation has signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago for its Titan methanol plant to restart operations in September 2024. Concurrently, Methanex plans to idle the Atlas methanol plant in September 2024, when its 20-year natural gas agreement expires.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:21 pm

BTCUSD

ETHUSD

Speculation emerges about the influence of the date 'Friday the 13th' on the financial markets, particularly the cryptocurrency space. Research firm Matrixport suggests that breaching key support levels could trigger a cascading effect, leading to potential liquidations affecting Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC). Historical data reveals that Bitcoin prices saw subsequent increases of +14% and +66% one month and three months after these particular Fridays.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 12:06 pm

FOXO

FOXO Technologies Inc. (NYSE:FOXO) has received an Issue Notification from the United States Patent & Trademark Office (USPTO) for a patent that uses machine learning to enable the commercialization of epigenetic biomarkers. This builds on previous Notices of Allowance issued by the USPTO for two related patents. The patents support the use of machine learning in estimating health aspects and filling in missing or unreliable epigenetic values. The company has generated epigenetic data for over 13,000 individuals to support these patents.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:02 pm

XEL

Xcel Energy and Heartland Hydrogen Hub have been selected for a federal award of up to $925M from the U.S. Department of Energy. The award will advance the development of new, clean technology and reduce carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 11:02 am

STKL

SunOpta has announced the sale of its frozen fruit assets to Nature's Touch for an aggregate purchase price of $141 million.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 11:01 am