Streetbeat News

Assets

GVP

GSE Systems, Inc. (GVP) has won two simulation awards totaling $4M. The first award, worth $2.5M, is for upgrading and integrating plant simulation models for a large, advanced reactor. The second award, worth $1.5M, is for qualifying and delivering a software-based reactor coolant system to support thermohydraulic models for a large international power industry supplier. This is a significant advancement in GSE's proprietary JADE JTopMeret simulation technology.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:11 pm

CHK

SBOW

Chesapeake Energy Corp (CHK) has agreed to sell its remaining Eagle Ford assets to SilverBow Resources Inc (SBOW) for $700 million. The deal includes around 42,000 net acres and about 540 wells. The total proceeds from Eagle Ford divestiture will exceed $3.5 billion. The transaction is expected to close in 2023. CHK plans to use the proceeds to boost its balance sheet and share repurchase program.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 12:55 pm

ITRG

Integra Resources Corp. (NYSE:ITRG) has filed an independent Preliminary Economic Assessment (PEA) technical report for the Wildcat and Mountain View projects in western Nevada. The PEA shows potential for a low-cost, high-margin, heap leach gold-silver operation with robust economics. The average annual production of Wildcat & Mountain View and the DeLamar Project is expected to exceed 200kozs of gold equivalent. The PEA results complement the 2022 Pre-feasibility Study for the DeLamar Project in southwestern Idaho.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:52 pm

AAPL

F

WMT

X

The article covers a range of topics including retail earnings, crypto market movements, US politics, world politics, world economy, tech updates, electric vehicle news, financial risks, and industrial updates. Key highlights include Jim Cramer's advice on FAANG stocks, investor sentiment decline post July's PPI, Donald Trump's Ethereum holdings, Elizabeth Warren's push for $17 minimum wage, Apple's iPhone 15 Pro updates, Ford's collaboration with Tesla, US banks facing deposit flight threat, and US Steel's response to Cleveland-Cliffs' offer.

Portfolio Pulse from Akanksha Bakshi

August 14, 2023 | 12:51 pm

NRG

NRG Energy, Inc. (NYSE:NRG) has announced a proposed offering of pre-capitalized trust securities redeemable 2028 to replace its existing pre-capitalized trust securities redeemable 2023. The proceeds from the sale will be invested in a portfolio of U.S. Treasury securities and will be used as collateral for certain banks that have agreed to provide letters of credit for NRG's account. The offering is only available to qualified institutional buyers.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:51 pm

AAPL

AMD

AMZN

GOOGL

PLTR

SPY

TSLA

The article discusses the bearish market trends observed last week and the potential for a bullish recovery in the upcoming week. It mentions several US-listed companies and ETFs including SPY, AAPL, TSLA, GOOGL, AMD, PLTR, and AMZN. The author suggests that the bulls need to step up to reclaim the previously lost support or face more downside. The article also provides specific price levels and market structures for each mentioned asset.

Portfolio Pulse from Mando Trading

August 14, 2023 | 12:49 pm

NRBO

NeuroBo Pharmaceuticals, Inc. (NASDAQ:NRBO) has appointed Hyung Heon Kim as its new CEO and President, effective immediately. Kim, who has been a member of the company's board since July 2021, succeeds Joseph Hooker. Prior to this appointment, Kim served as the General Counsel and a Senior Vice President of Dong-A ST Co, Ltd., NeuroBo's largest stockholder and partner for its newly in-licensed assets, DA-1241 and DA-1726.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:48 pm

IHS

MA

META

Mastercard Inc (NYSE:MA) is set to acquire a minority stake in MTN Group Ltd's fintech business for $5.2 billion. The deal will involve a commercial agreement on payments and remittances using Mastercard's technology infrastructure to expand in Africa. The investment is expected to enhance MTN's valuation and balance sheet. Other companies like Airtel Africa Plc, Safaricom Plc, and Vodacom Group Ltd are also shifting towards digitalization.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:43 pm

RMR

The RMR Group (NASDAQ:RMR) reported approximately 4.7 million square feet of leasing activity for the three months ended June 30, 2023. The company executed 77 leases, including 37 with new tenants, resulting in a weighted average roll up in rents of 15.8% and a lease term of 10.3 years. Industrial leasing accounted for over 70% of the activity. The company's occupancy rate stands at 96%.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:20 pm

GOEV

Canoo (NASDAQ:GOEV) has finalized agreements on workforce and economic development incentives with the state of Oklahoma and the Cherokee Nation for its vehicle assembly and battery module manufacturing plants. The combined value of the incentives is up to $113 million over 10 years. The company plans to hire over 1,300 employees and invest more than $320 million in its Oklahoma City assembly facility and Pryor battery module manufacturing plant.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 12:19 pm