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BTCUSD

Pantera Capital is preparing to launch Pantera Fund V in April 2025, aiming to raise over $1 billion for blockchain-based asset investments. This fund, targeting a diverse range of blockchain assets including startup equity, early-stage tokens, and liquid tokens, represents a significant move in the cryptocurrency sector, potentially becoming the largest raise since May 2022. The fund requires a minimum investment of $1 million from qualified investors and $25 million from limited partners, indicating a focus on substantial institutional involvement. This announcement comes amid a recovery in the sector, with over $3.5 billion invested across 604 funding rounds in 2024, and projections suggesting a total surpassing $9.3 billion for the year.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 1:33 pm

AAPL

NVDA

VGT

XLK

Apple Inc (AAPL) is expanding its supplier network in China while also growing its presence in Southeast Asia and India, despite geopolitical tensions and a tech conflict between the U.S. and China. The company has increased its China-based suppliers, reducing reliance on other countries, and has seen a surge in suppliers in Vietnam and Thailand. Despite diversification efforts, China remains a significant part of Apple's supply chain. Apple's global shipments dropped nearly 10%, with softening demand in China, where it offered iPhone 15 series discounts. Morgan Stanley anticipates a slight revenue increase for the March quarter but expects a significant downward revision for June quarter guidance. Apple stock has gained 4% in the last 12 months, and exposure to AAPL can be gained through ETFs like VGT and XLK.

Portfolio Pulse from Anusuya Lahiri

April 26, 2024 | 1:26 pm

ARVLF

FDX

UPS

ZEVY

UPS and FedEx face challenges in transitioning to electric delivery vehicles due to U.S. supply uncertainties, including battery shortages and financial issues among electric van startups. This shift is part of their effort to align with environmental goals and U.S. President Joe Biden's climate objectives. Concerns about the sustainability of electric van suppliers and the loss of California incentives, which previously helped offset the high costs of EVs, complicate their efforts. UPS remains committed to incorporating EVs and eco-friendly vehicles, while FedEx explores lower-emission trucks. Manufacturers like Arrival SA and Lightning Emotors Inc face financial difficulties, impacting their ability to supply vehicles.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 1:23 pm

SGD

Safe And Green Development (SGD) has executed a contract to sell its Lago Vista site. The closing of this transaction is expected to result in approximately $5 million in revenue for SGD.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 1:06 pm

BHP

Elliott Investment Management has acquired a $1 billion stake in UK-listed miner Anglo American Plc, now among its top 10 shareholders. This move comes as Anglo American received a takeover approach from BHP Group Ltd., an Australian mining giant. The stake was accumulated over recent months by the activist hedge fund led by Paul Singer.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 12:28 pm

CHTR

Charter Communications has reiterated its capital expenditure (Capex) outlook for the full year 2024, projecting it to be between $12.2 billion and $12.4 billion. This forecast includes significant allocations for line extensions and network evolution, estimated at $4.5 billion and $1.6 billion respectively, marking increases from 2023's $4.0 billion and $0.9 billion in these areas.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:42 am

TRNR

Interactive Strength announced the conversion of $3.0 million of its $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024, aiming to strengthen its balance sheet.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:07 am

LYB

LyondellBasell (LYB) anticipates seasonal demand improvements in Q2 across most of its businesses, benefiting from low natural gas and NGL costs, especially in North America and the Middle East. The company expects increased margins from oxyfuels and refining, driven by the summer driving season's higher gasoline crack spreads and lower butane costs. LYB plans to operate its global olefins and polyolefins assets at 85% and its Intermediates & Derivatives assets at 80% capacity, aligning with market demand. It is also closely monitoring stimulus efforts and demand in China.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:40 am

NXT

Nextracker and JM Steel, a subsidiary of Jennmar Holdings, have completed a significant expansion of Nextracker-dedicated manufacturing lines at JM Steel's Leetsdale Steel Facility, reaching a capacity of 4 GW. This expansion is part of Nextracker's broader effort, marking 20 new or expanded U.S. manufacturing partner facilities since 2021, enabling the company to supply over 25 GW of U.S. solar tracker capacity annually.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 10:39 am

BRRR

EZBC

FBTC

GBTC

IBIT

Bitcoin ETFs experienced a significant net outflow of $218 million on Thursday, despite Bitcoin's price increase of 3.7%. Fidelity's FBTC and Valkyrie's BRRR ETFs saw their first net withdrawals, while Grayscale's GBTC faced the largest outflow. Franklin Templeton's EZBC was the exception with a net inflow. The outflows contrast with Bitcoin's price resilience, suggesting a disconnect between ETF investor sentiment and the cryptocurrency's market performance.

Portfolio Pulse from Murtuza Merchant

April 26, 2024 | 10:38 am