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Occidental Petroleum (NYSE:OXY) has announced a $3 billion debt reduction in Q3 2024, driven by strong cash flow and divestitures. The company aims to meet 85% of its $4.5 billion debt reduction target. OXY shares rose 0.51% following the news.

Portfolio Pulse from Lekha Gupta

August 19, 2024 | 3:58 pm

ES

Eversource Energy's Huntsbrook Offshore Wind Hub project has been awarded $89 million in federal funding as part of the U.S. Department of Energy's Grid Innovation Program. This project is part of a larger $389 million initiative to enhance New England's clean energy infrastructure.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 3:30 pm

STETHUSD

Lido Staked Ether (STETH) has seen a 3.11% price drop in the last 24 hours, continuing a week-long decline of 4%. Trading volume has decreased by 59% over the week, while circulating supply increased slightly. STETH ranks #8 in market cap at $25.32 billion.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:03 pm

TSLA

The article provides a comprehensive comparison of Tesla (NASDAQ:TSLA) against its competitors in the Automobiles industry, highlighting key financial metrics. Tesla's high P/E, P/B, and P/S ratios suggest a premium valuation, but it lags in ROE, EBITDA, gross profit, and revenue growth compared to peers. However, Tesla's lower debt-to-equity ratio indicates a stronger financial position.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:00 pm

MSFT

The article provides a comprehensive analysis of Microsoft's position in the software industry compared to its competitors. It highlights Microsoft's financial metrics, market position, and growth potential, indicating potential undervaluation based on PE and PB ratios, but overvaluation on PS ratio. Microsoft's strong EBITDA, gross profit, and revenue growth suggest robust operational performance and a positive outlook.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:00 pm

QCOM

Investors are showing a bearish sentiment towards Qualcomm (NASDAQ:QCOM) with significant options activity. 60% of the options are bearish, with a focus on a price range of $105 to $200. The stock is currently trading at $169.57, down 1.52%.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 2:15 pm

BTCUSD

Institutional investors are increasingly adopting Bitcoin ETFs, with a 30% rise in Q2 filings despite market volatility. This trend indicates strong institutional interest and resilience, as many investors maintained or increased their holdings.

Portfolio Pulse from Murtuza Merchant

August 19, 2024 | 1:46 pm

NKLA

Nikola Corp has filed for a mixed shelf offering of up to $500 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used to raise capital for operations or expansion.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:37 pm

NKLA

Nikola Corp has filed for an offering of $80 million in Series B-1 Senior Convertible Notes due in 2025, according to an SEC filing. This move is likely aimed at raising capital for the company's operations and growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:24 pm

NFE

New Fortress Energy Inc. (NASDAQ:NFE) has announced the completion of scheduled maintenance for its Fast LNG 1 asset in Altamira, Mexico. The asset has resumed production and is expected to reach full capacity later this month.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 1:19 pm