Streetbeat News

Assets

BLMH

Blüm Holdings, Inc. (OTCQB:BLMH) reported a 111% increase in Q2 revenue following the sale of its Santa Ana dispensary. The sale significantly improved the company's balance sheet by reducing liabilities. Despite the revenue increase, the company reported a negative adjusted EBITDA.

Portfolio Pulse from Jelena Martinovic

August 15, 2024 | 4:48 pm

IAI

KBWB

Goldman Sachs Group, Inc. (NYSE:GS) has agreed to sell Blanchardstown Centre, Ireland’s largest shopping mall, to Strategic Value Partners for less than the initially expected €650 million. Goldman Sachs had purchased the mall from Blackstone Inc. (NYSE:BX) in late 2020. The sale reflects a broader trend of renewed investor interest in malls, despite a decade of disruption from online shopping. GS stock has gained over 50% in the past year, and investors can gain exposure via iShares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Invesco KBW Bank ETF (NASDAQ:KBWB).

Portfolio Pulse from Nabaparna Bhattacharya

August 15, 2024 | 4:13 pm

UNG

The latest report on USA natural gas storage shows a decrease of 6 billion cubic feet (BCF), significantly below the estimated increase of 43 BCF and the prior increase of 21 BCF.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:38 pm

BTDR

Bitdeer Technologies Group has announced a proposed offering of $150 million in convertible notes due in 2029.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:12 pm

AVDE

AVSD

UBS

UBS Group AG has placed a $2 billion Credit Suisse real estate fund into liquidation due to significant value decline and high redemptions. UBS reported strong Q2 FY24 sales and EPS, beating consensus estimates. UBS shares are down 2.33% premarket.

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 1:00 pm

LLAP

LMT

Lockheed Martin has signed a definitive agreement to acquire Terran Orbital for $0.25 per share in cash for each outstanding share of common stock and will retire its existing debt. The enterprise value of the deal is approximately $450 million.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:47 pm

BLRX

As of June 30, 2024, BioLineRx had $40.1 million in cash, cash equivalents, and short-term bank deposits, which is expected to be sufficient to fund operations into 2025.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:29 am

BWLP

BW LPG has agreed to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas for $1.05 billion. The acquisition includes four dual fuel VLGCs built in 2022 and 2023, and eight scrubber-fitted VLGCs built in 2015. The transaction will be funded through the issuance of 19.282 million new BW LPG shares to Avance Gas, a cash consideration of $585.4 million, and a shareholder loan from BW Group.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:25 am

ATS

ATS has entered into an underwriting agreement for a private placement of C$400M 6.50% senior unsecured notes due 2032, upsized from the initial deal size of C$300M. The notes will accrue interest at 6.50% per annum, payable semi-annually starting February 21, 2025.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:40 am

ACIC

BABA

BCAB

BIDU

FOUR

HPP

MOH

OLPX

REAL

Michael Burry's Scion Asset Management has revealed significant changes in its portfolio, with a strong focus on Chinese tech companies like Alibaba, Baidu, and JD.com. The portfolio also includes substantial investments in U.S. healthcare, fintech, and real estate sectors.

Portfolio Pulse from Kaustubh Bagalkote

August 15, 2024 | 5:19 am