Streetbeat News

Assets

MELI

MercadoLibre plans to more than double its distribution centers in Brazil, aiming to enhance its logistics network and improve delivery times. This expansion is part of its strategy to strengthen its market position in Latin America.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:34 pm

ASML

Recent unusual options activity in ASML Holding (NASDAQ:ASML) indicates a bearish sentiment among large investors, with 47% of the activity being bearish. This suggests potential significant price movements. The options activity includes 5 puts and 16 calls, with a total trade value of over $1 million. The price range targeted by these options is between $420 and $1060. ASML's current stock price is $807.24, with a neutral RSI, and an earnings announcement is expected in 22 days.

Portfolio Pulse from Benzinga Insights

September 24, 2024 | 2:31 pm

VMC

Vulcan Materials has reported that the Mexican government has expropriated its Punta Venado port and Sac Tun quarry. This action could impact Vulcan's operations and financial performance in the region.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:25 pm

XHG

XChange TEC.INC (NASDAQ:XHG) has entered into a Securities Purchase Agreement with VG Master Fund SPC, allowing the sale of up to $25 million in American Depositary Shares (ADSs). The sales are optional and registered with the SEC.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:20 pm

BTCUSD

Luke Gromen, founder of Forest For The Trees, warns of a breakdown in the U.S. dollar-centric monetary system, suggesting that gold and Bitcoin are well-positioned assets. He predicts aggressive interest rate cuts by the Federal Reserve and sees Bitcoin as 'gold with leverage.'

Portfolio Pulse from Khyathi Dalal

September 24, 2024 | 2:14 pm

BAM

BEP

ENGQF

Brookfield Renewable Partners (NYSE:BEP) and its partners sold Saeta Yield to Masdar for $1.4 billion, retaining key solar assets. They also sold a 25% stake in First Hydro Company to CDPQ. BEP shares rose 0.63% premarket.

Portfolio Pulse from Lekha Gupta

September 24, 2024 | 1:28 pm

SNOW

Snowflake Inc (NYSE:SNOW) shares are trading lower after announcing a private placement of $2 billion in convertible senior notes. The proceeds will be used for capped call transactions, stock repurchase, and general corporate purposes.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 1:24 pm

ONFO

Onfolio Holdings is set to acquire a 90% ownership stake in the assets of Eastern Standard for $2.16 million. This acquisition could potentially enhance Onfolio's asset portfolio and market position.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:17 pm

BAM

BEP

GCMG

GCM Grosvenor has acquired a 25% equity interest in Shepherds Flat, the largest repowered wind farm in North America, from Brookfield Asset Management and its partners, including Brookfield Renewable.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:17 pm

BTCUSD

Veteran investor Mark Moss predicts Bitcoin could surge to $300K if Donald Trump wins the 2024 election, citing Bitcoin's sensitivity to liquidity and potential strategic reserve adoption. Moss anticipates an inflationary crash, with Bitcoin integrating more into mainstream finance.

Portfolio Pulse from Khyathi Dalal

September 24, 2024 | 1:11 pm