Streetbeat News

Assets

BOAT

FRO

PXJ

Frontline Plc (NYSE:FRO) reported a significant increase in Q2 revenue, surpassing expectations, but experienced a decline in EPS. The company is optimizing its fleet by selling older assets and refinancing tankers. Despite a challenging market, Frontline declared a dividend and anticipates increased oil demand in the latter half of 2024.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 11:11 am

AAMC

WHLR

The article highlights two oversold real estate stocks, Altisource Asset Management Corp (AAMC) and Wheeler Real Estate Investment Trust Inc (WHLR), with RSI values below 30, indicating potential undervaluation. AAMC plans to delist from NYSE, while WHLR reported financial results.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 11:03 am

GM

LAC

Lithium Americas announced that General Motors Holdings LLC reaffirmed its intention to complete an additional $330 million investment to support the development of Thacker Pass. The parties will explore alternative structures for this investment, with a deadline set for December 20, 2024. GM's investment is contingent on conditions including a $2.26 billion loan from the U.S. Department of Energy.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 11:02 am

BRY

Berry Corporation has reaffirmed its strong liquidity position with $94 million available in borrowing capacity under its reserve-based lending facility and $11 million in cash as of August 23.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2024 | 10:34 am

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is investing over $850 million in a new data center in Canelones, Uruguay, marking its second facility in Latin America. This expansion is part of Google's broader global investment strategy in data centers, including significant investments in the US and Malaysia.

Portfolio Pulse from Benzinga Neuro

August 30, 2024 | 9:29 am

PPG

PPG Industries has expanded its Malaysian plant by adding new production lines for non-stick and low friction coatings, enhancing its regional capabilities.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:25 am

AISP

Airship AI has announced an $8 million public offering, compliant with Nasdaq market pricing, involving 2.9 million shares and warrants. The proceeds will be used for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:23 am

CTRE

CareTrust REIT has acquired two skilled nursing facilities for a total of $62.1 million. The company has $221 million in cash and initiated a $750 million ATM program.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 9:34 pm

SDOT

Sadot Group has filed with the SEC for a mixed shelf offering of up to $50 million. This move allows the company to offer various securities over time, providing flexibility in raising capital.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:40 pm

HUBC

HUB Cyber Security has received a notification from Nasdaq regarding non-compliance with listing rules related to total assets and total revenue requirements.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 8:32 pm