Streetbeat News

Assets

AAPL

AMD

ARM

CLSK

MU

NVDA

QCOM

RIOT

TSM

TXN

The article highlights unusual options activity in the Information Technology sector, focusing on call and put options for various companies. Notable mentions include NVDA, AMD, AAPL, ARM, CLSK, MU, QCOM, RIOT, TXN, and TSM, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:35 pm

AMT

COR

Stonepeak and CoreSite have formed a joint venture to develop an 18MW data center in Denver. Stonepeak holds 85% equity, while CoreSite holds 15%. CoreSite will operate the DE3 facility, and the investment is made through the Stonepeak Opportunities Fund.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 3:42 pm

COST

The article provides a comprehensive comparison of Costco Wholesale (NASDAQ:COST) against its key competitors in the Consumer Staples Distribution & Retail industry. It highlights Costco's high valuation ratios (P/E, P/B, P/S), strong ROE, and impressive revenue growth, while noting its lower EBITDA and gross profit compared to industry averages. Additionally, Costco's lower debt-to-equity ratio indicates a stronger financial position relative to its peers.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 3:00 pm

CSX

CSX Transportation has filed a notice of exemption with the Surface Transportation Board to abandon a 5.1-mile rail line in Pike County, Kentucky.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:41 pm

SPY

UNG

USA gasoline inventories saw a draw of 3.665 million barrels, compared to a previous draw of 5.572 million barrels. This indicates a smaller reduction in gasoline stockpiles than previously observed.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:30 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is raising $1.8 billion through its first debt offering since 2020 to refinance existing debt and for general corporate purposes. The company, which ended Q2 with 277.65 million global paid subscribers, aims to maintain its leadership in the streaming sector. The new funds could also be used for acquisitions in streaming or gaming.

Portfolio Pulse from Chris Katje

July 31, 2024 | 2:23 pm

BSGM

BioSig Technologies has announced its intent to acquire the assets of Neuro-Kinesis Corporation. A non-binding letter of intent has been executed, with the purchase price to be paid in BioSig common stock. Neuro-Kinesis Corporation will provide $2.5M-$6M in unrestricted cash at closing. Due diligence will continue through the end of the year, and full disclosures will be made in the next proxy statement for a shareholder vote.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:47 pm

ALGT

Allegiant Travel Company (ALGT) has engaged Prospect Hotel Advisors to conduct a strategic review of its Sunseeker Resort Charlotte Harbor in Southwest Florida. The review aims to enhance the financial performance and strategic positioning of the resort.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:07 pm

BG

Bunge's CFO has predicted a 50% drop in capital expenditures for 2026 compared to 2025, excluding the impact of the Viterra merger. This was announced during a conference call.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:42 pm

ADIL

Adial Pharmaceuticals has filed a new patent application for AD04, its lead investigational treatment for alcohol use disorder in heavy drinking patients. The patent is expected to protect core assets through at least 2044.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 12:33 pm