Streetbeat News

Assets

VFC

VF Corp. has reiterated its guidance for free cash flow plus proceeds from non-core physical asset sales of approximately $600 million, excluding the impact of the divestiture of Supreme, which is expected to be completed by the end of 2024. Supreme will be reported as discontinued operations starting in Q2 FY25.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:20 pm

TMUS

T-Mobile has postponed its $561 million wireless equipment asset-backed securities (ABS) offering, as reported by Bloomberg.

Portfolio Pulse from charles@benzinga.com

August 06, 2024 | 8:15 pm

TRGP

Targa Resources Corp. (NYSE: TRGP) announced the pricing of a $1 billion offering of 5.500% Senior Notes due 2035 at 99.943% of their face value. The offering is expected to close on August 9, 2024, and proceeds will be used for general corporate purposes, including debt repayment and investments.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 8:00 pm

PEP

PepsiCo Beverages North America is investing in a new warehouse and distribution center in Smyrna, Tennessee, to enhance its operations in the Greater Nashville area.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 5:36 pm

DOGEUSD

Dogecoin (DOGE) is nearing the $0.10 mark after a recent rally, with traders optimistic about its long-term potential. Key support levels and increased transaction volumes suggest a possible bottom for the meme coin.

Portfolio Pulse from Khyathi Dalal

August 06, 2024 | 5:15 pm

DGHI

Digihost Technology Inc. announced a $4 million private placement consisting of 3,636,363 units at $1.10 per unit, a 9% premium to its most recent Nasdaq closing price. Each unit includes one share and one warrant with a $2.00 exercise price. Proceeds will be used for infrastructure expansion and working capital.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 4:21 pm

VNO

Vornado Realty shares are trading higher after the company reported better-than-expected Q2 financial results and announced the sale of a retail joint venture for $350 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:52 pm

CSLR

SPWR

SunPower Corporation (NASDAQ:SPWR) has filed for Chapter 11 bankruptcy and is seeking a buyer for key assets. Complete Solaria, Inc. (NASDAQ:CSLR) will acquire SunPower’s Blue Raven Solar business, New Homes business, and non-installing Dealer network for $45 million, pending Court approval. SunPower plans to liquidate remaining assets and wind down operations.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 3:52 pm

DGLY

Digital Ally has entered into a purchase and sale agreement with Serenity Now. According to the deal, the buyer has agreed to purchase property for $5.9 million, exclusive of closing costs, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 1:42 pm

EIPI

EIPX

TTE

TotalEnergies SE (NYSE:TTE) shares are down 2.07% after the company agreed to sell its 50% stake in Total PARCO Pakistan Limited to Gunvor Group. This move aligns with TotalEnergies' strategy to focus on core markets with growth potential. The company also recently announced its exit from a South African block and missed Q2 earnings expectations. Investors can gain exposure to TotalEnergies via ETFs EIPX and EIPI.

Portfolio Pulse from Lekha Gupta

August 06, 2024 | 1:36 pm