Streetbeat News

Assets

Newpark Resources has sold its Fluids Systems segment to SCF Partners for a base price of $127.5 million, with net proceeds of $56 million. The sale will generate tax benefits and lead to a reclassification of the segment as Discontinued Operations. Newpark plans to use the proceeds for investments and share buybacks.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 8:17 pm

CLF

Cleveland-Cliffs shares are rising following the successful amendment of its $4.75 billion Asset-Based Lending facility, which is part of the financing for its pending acquisition of Stelco Holdings Inc.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:53 pm

CLF

Cleveland-Cliffs has secured a $4.75 billion amended asset-based lending facility to support its acquisition of Stelco. The facility replaces Goldman Sachs with increased commitments from multiple banks. CEO Goncalves emphasized strong support and a solid financial position to close the deal by Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:52 pm

MSTR

MicroStrategy's stock is rising following its announcement of purchasing 18,300 bitcoins.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:40 pm

BAC

BETR

RKT

Homeowners in the U.S. have reached record levels of real estate equity, with total equity hitting $35.1 trillion in Q2 2023. Mortgage debt relative to property value is at its lowest in nearly 70 years, suggesting strong consumer balance sheets. Mortgage rates have decreased, encouraging refinancing. Rocket Companies, Bank of America, and Better Home & Finance Holding Company saw mixed stock movements.

Portfolio Pulse from Michael Juliano

September 13, 2024 | 6:23 pm

ETHUSD

USDCUSD

Donald Trump's cryptocurrency portfolio has suffered a significant loss, dropping by $19.27 million over three months. His holdings, including Maga Memecoin and Ethereum, have decreased by 76.6%. Despite this, Trump is launching a new crypto project, World Liberty Financial, signaling a shift in his stance on digital currencies.

Portfolio Pulse from Murtuza Merchant

September 13, 2024 | 6:22 pm

VMAR

Vision Marine Technologies, Inc. (NASDAQ:VMAR) announced a $3.4 million offering of 3.4 million common shares at $1 per share. The proceeds will be used for working capital, patent applications, and potential acquisitions. The offering is expected to close on September 16, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:16 pm

DAL

ENVX

FWRD

NKLA

PAYX

RKLB

UAL

UBER

WSC

The article highlights significant options activity for several industrial stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for UAL, FWRD, DAL, ENVX, RKLB, PAYX, and WSC, while bearish sentiment is noted for UBER, NKLA, and BA.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:35 pm

AMZN

CMG

CPRI

NIO

PDD

TSLA

VFC

WGO

WOOF

The article highlights unusual options activity in the Consumer Discretionary sector, focusing on trades involving companies like TSLA, VFC, NIO, WOOF, CPRI, CMG, AMZN, PDD, FL, and WGO. These activities may indicate potential trading opportunities due to significant market interest.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:35 pm

APP

AVGO

MSFT

MSTR

NVDA

ORCL

PLTR

TSM

The article highlights significant options activity for 10 information technology stocks, indicating potential trading opportunities. Notable bullish sentiment is observed for NVDA, AVGO, ORCL, TSM, DV, APP, and MU, while bearish sentiment is noted for MSFT, MSTR, and PLTR.

Portfolio Pulse from Benzinga Insights

September 13, 2024 | 5:35 pm