Streetbeat News

Assets

ICAGY

British Airways is investing millions in its Cardiff maintenance facility as part of a £7 billion transformation program. The expansion will accommodate larger Airbus A350 aircraft, with construction starting in 2025 and completing in 2026.

Portfolio Pulse from

November 22, 2024 | 12:15 pm

GOLD

Barrick Gold Corporation is making significant progress in building a sustainable business with a strong asset portfolio and strategic partnerships. The company has generated $23 billion in operating cash flow, invested $15 billion in growth projects, reduced net debt by $4 billion, and returned $5 billion to shareholders.

Portfolio Pulse from

November 22, 2024 | 12:15 pm

GOLD

Barrick Gold Corporation has significantly increased its mineral resource estimates for the Fourmile project in Nevada, with a 192% increase in indicated resources and a 137% increase in inferred resources. This update follows the addition of 25 new drill holes.

Portfolio Pulse from

November 22, 2024 | 12:15 pm

NTSX

The WisdomTree U.S. Efficient Core Fund ETF (NTSX) employs a leveraged 60/40 strategy using Treasury futures for leverage and tax efficiency. However, it has underperformed its theoretical leverage factor due to fees, rebalancing, and roll yield, showing similar volatility but lower risk-adjusted performance compared to the S&P 500.

Portfolio Pulse from

November 22, 2024 | 11:45 am

DOW

Dow is optimizing its EU assets, which is positively viewed. Despite low investor sentiment in chemicals, Dow offers downside protection with a solid balance sheet and shareholder support. Strategic investments in high-growth areas are expected to drive earnings growth, reaffirming a buy recommendation.

Portfolio Pulse from

November 22, 2024 | 11:30 am

BENF

Beneficient (Nasdaq: BENF) has completed a transaction that redesignates $35 million of its preferred equity as non-redeemable, adding the same amount to its permanent equity.

Portfolio Pulse from

November 22, 2024 | 11:15 am

BIGGQ

Big Lots is closing 19 more stores as part of its Chapter 11 bankruptcy process. The company plans to sell its business to Nexus Capital Management.

Portfolio Pulse from

November 22, 2024 | 10:45 am

NLR

The VanEck Uranium and Nuclear ETF (NLR) is criticized for its composition, with a high concentration in utilities and insufficient exposure to key uranium miners. This reduces its potential to benefit from uranium price gains, especially as 20 countries plan to triple nuclear power production by 2050. The Sprott Physical Uranium Trust is suggested as a better alternative for direct uranium price exposure.

Portfolio Pulse from

November 22, 2024 | 10:30 am

BNDSF

Spain's Sabadell will allocate tens of millions of euros in provisions to address the impact of recent floods in eastern Spain. The bank considers the impact manageable.

Portfolio Pulse from

November 22, 2024 | 10:30 am

AAPL

Warren Buffett has concentrated 65% of Berkshire Hathaway's $293 billion portfolio in five key stocks, showcasing his confidence in these investments.

Portfolio Pulse from

November 22, 2024 | 10:30 am