Streetbeat News

Assets

BAC

FTXO

KBWB

Bank of America plans to open over 165 new financial centers across 63 US markets by 2026, with nearly 40 centers this year. The expansion includes new centers in Kentucky and a focus on integrating investment banking and wealth management.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 3:06 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) has seen a surge in options trading, with a majority of trades being bullish. Significant investors are targeting a price range of $10.0 to $12.5. The stock is currently trading at $12.14, up 3.67%, with an RSI suggesting it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 3:01 pm

SMCI

The article provides a comparative analysis of Super Micro Computer (NASDAQ:SMCI) against its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights SMCI's lower valuation ratios, suggesting potential undervaluation, but also notes its weaker financial performance metrics such as ROE, EBITDA, and revenue growth compared to industry averages.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 3:00 pm

RIO

UEC

URNJ

Uranium Energy Corp. (UEC) has announced a $175 million deal to acquire Rio Tinto's Wyoming assets, including the Sweetwater Plant and uranium mining projects. This acquisition enhances UEC's production capabilities and resource base, positioning it as a leading uranium developer in the U.S. amid growing global nuclear energy demand.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 2:48 pm

CVX

Chevron is transporting nonessential personnel from its Gulf of Mexico facilities due to tropical weather, but production remains unaffected.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:26 pm

STLA

Stellantis aims to reduce its North American inventories by 100,000 units by early 2025, as stated by the company's CFO at the 2024 Bank of America European Autos and Future Car Virtual Conference.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 2:06 pm

EIPX

HAP

SHEL

Shell PLC is preparing to shut down its Stones and Appomattox oil fields in the Gulf of Mexico due to Tropical Disturbance 35. The company will also evacuate non-essential personnel from the Mars Corridor and pause some drilling operations. The U.S. National Hurricane Center reports a 50% chance of the disturbance developing into a cyclone. Shell's shares are up 0.93% at $69.36.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 1:59 pm

TMUS

T-Mobile has announced a public offering of senior notes to raise funds for general corporate purposes, including share repurchases and debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:08 pm

MATW

Matthews International Corporation (NASDAQ: MATW) announced a proposed private offering of senior secured second lien notes due 2027. The company plans to amend its senior credit facility to secure these notes and use the proceeds to redeem its existing 5.25% senior notes due 2025.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:25 pm

LUCY

Innovative Eyewear, Inc. (Nasdaq: LUCY) announced the exercise of warrants for $2.6 million in gross proceeds. The warrants allow the purchase of 263,160 shares at $9.875 per share, slightly above the original exercise price. The transaction is expected to close around September 24, 2024, with H.C. Wainwright & Co. as the placement agent. Proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:24 pm