Streetbeat News

Assets

OXY

Permian Resources has entered into an agreement with Occidental to purchase core Delaware Basin assets for approximately $817.5 million.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 10:37 am

NOG

VTLE

Vital Energy and Northern Oil and Gas have signed a definitive agreement to acquire Point Energy's Delaware Basin assets for $1.1 billion in cash. Vital Energy will acquire 80% of the assets, while Northern Oil and Gas will acquire the remaining 20%. The transaction is expected to close by the end of Q3 2024.

Portfolio Pulse from charles@benzinga.com

July 28, 2024 | 10:49 pm

BTCUSD

German lawmaker Joana Cotar criticized the recent sale of 50,000 Bitcoin by the German government, calling it a 'monumental missed opportunity.' She argued that holding Bitcoin as a strategic reserve could reduce dependence on the US dollar and provide long-term value. Cotar also suggested regulatory changes to allow government institutions to hold Bitcoin and proposed tax incentives for clean energy-powered Bitcoin mining.

Portfolio Pulse from Aniket Verma

July 28, 2024 | 1:30 pm

AVGO

IEFA

NVDA

PANW

VTV

VUG

A recent Benzinga poll compared the investment styles of Nancy Pelosi and Kamala Harris, revealing that 66% of respondents believe Pelosi is the better investor. Pelosi prefers individual stocks like NVIDIA, Broadcom, and Palo Alto Networks, while Harris and her husband favor ETFs and mutual funds, including iShares Core MSCI EAFE ETF and Vanguard ETFs. The poll also highlighted that Harris's wealth is in line with most respondents' expectations.

Portfolio Pulse from Chris Katje

July 27, 2024 | 1:30 pm

JCI

Johnson Controls has agreed to sell its Residential and Light Commercial HVAC business, including its North America Ducted business and 60% stake in the Johnson Controls-Hitachi Air Conditioning joint venture, to Robert Bosch GmbH for approximately $8.1 billion in cash. Johnson Controls will receive about $6.7 billion, subject to adjustments, plus the assumption of certain liabilities.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:45 pm

REKR

Rekor Systems has filed for a mixed shelf offering of up to $350 million, according to an SEC filing. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, providing flexibility in raising capital.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 8:09 pm

ADBE

ANET

CRWD

IREN

MARA

NOW

NVDA

PATH

SNOW

The article highlights significant options activity in the Information Technology sector, focusing on trades involving NVDA, SNOW, IREN, MARA, MU, PATH, CRWD, ANET, ADBE, and NOW. These activities include both bullish and bearish sentiments, with various expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 26, 2024 | 5:35 pm

JPM

NYCB

New York Community Bancorp (NYSE: NYCB) reported a larger-than-expected loss for Q2, leading analysts to lower price targets and maintain neutral ratings. The company also announced the sale of its Flagstar mortgage servicing and third-party origination platform to Mr. Cooper for $1.4 billion. Despite positive deposit growth, the credit risk profile remains elevated.

Portfolio Pulse from Priya Nigam

July 26, 2024 | 4:26 pm

BMY

Bristol-Myers Squibb Co (BMY) has announced that its FY24 annual capital expenditures are expected to be about $1.4 billion.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:13 pm

DSX

Diana Shipping has signed a $167.3 million six-year secured term loan facility with Nordea Bank and has drawn the full amount immediately.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:26 pm