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Assets

STLD

Over the past 10 years, Steel Dynamics (NASDAQ:STLD) has produced an average annual return of 22.33%, outperforming the market by 12.1% annually. A $100 investment in STLD a decade ago would now be worth $754.26. The company currently has a market capitalization of $21.54 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:02 pm

ERMAF

Argentina's lithium reserves are attracting significant foreign investment, seen as a key to economic recovery. Eramet's subsidiary Eramine announced an $800 million investment in Salta for lithium production, expected to export 4,000 tons in 2024, scaling to 24,000 tons annually. Additionally, United Mining Projects Corporation's subsidiary Marhen Lithium plans a $550 million investment in Catamarca, estimated to create 900 jobs and contribute $168 million locally. These projects come as Argentina faces economic challenges, with the IMF forecasting a 2.8% GDP contraction in 2024 but a potential turnaround with reduced inflation by 2025.

Portfolio Pulse from Stjepan Kalinic

April 22, 2024 | 1:56 pm

BA

Investors have shown a bearish stance on Boeing (NYSE:BA), with options trading data revealing a split sentiment of 40% bullish and 60% bearish. The big-money trades, totaling over $470,000, target a price window of $145.0 to $250.0 for Boeing. The trading volume and RSI indicators suggest Boeing may be oversold, with an earnings announcement expected in 2 days.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 1:47 pm

ABAT

American Battery Technology Company (ABTC), listed as ABAT on NASDAQ, has announced the commissioning of its pilot plant for producing battery grade lithium hydroxide from Nevada claystone, marking a significant step in commercializing its unique lithium extraction process. Supported by a U.S. Department of Energy grant, the plant demonstrates ABTC's capability to produce lithium hydroxide for strategic customers. ABTC plans to expand this technology with a commercial-scale refinery, also supported by a DOE grant, and is advancing its battery recycling technologies.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:21 pm

MSFT

SPY

TSLA

Bitcoin transaction fees have reached a 5-year low post-halving, while US stocks anticipate a rise due to Big Tech earnings. The US political landscape is heated with discussions on TikTok bans and support for Israel. Globally, tensions rise with military spending and diplomatic efforts. The NYSE considers 24/7 trading, and tech giants like Microsoft and Meta are in focus. The EV market sees Tesla at 15-month lows and discussions on pricing strategies. Express files for bankruptcy, and TikTok faces regulatory challenges. Quanex acquires Tyman, and Plus Therapeutics receives a grant from the US Department of Defense. Blackstone bids for Hipgnosis, and Elon Musk predicts home robots for every American household.

Portfolio Pulse from Akanksha Bakshi

April 22, 2024 | 1:12 pm

TNP

Tsakos Energy Navigation announced the sale of the Aframax tanker Izumo Princess, adding approximately $37 million to the company's cash balances. This strategic move is expected to enhance the company's liquidity and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:08 pm

FBTC

GBTC

IBIT

Investor interest in Bitcoin and other digital asset ETFs and ETPs has declined for the second consecutive week, with outflows totaling $206 million. U.S. ETFs experienced significant outflows of $244 million, while Canada and Switzerland saw inflows. Ethereum and multi-asset products showed divergent trends, with Ethereum facing outflows and multi-asset products seeing inflows. Grayscale ETF, Fidelity ETF, and BlackRock ETF experienced mixed flows. The market's sentiment appears cautious ahead of the Bitcoin halving and in light of potential high interest rates.

Portfolio Pulse from Murtuza Merchant

April 22, 2024 | 12:43 pm

KR

Kroger and Albertsons have revised their agreement with C&S Wholesale Grocers regarding the sale of assets as part of their proposed merger. The amended divestiture plan now includes additional stores, facilities, and banner names to address regulatory concerns and facilitate the merger's approval.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:41 pm

DNMR

Danimer Scientific has secured a $20M asset-based revolving credit facility, with an option to increase the commitment by an additional $5 million. The facility matures on April 19, 2027, but can mature earlier if certain events occur.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:40 pm

VINO

Gaucho Group Holdings, Inc. (NASDAQ:VINO) anticipates that Argentina's bid to become a 'global partner' of NATO will lead to economic stability and growth, positively impacting the real estate sector and enhancing the value of the company's luxury real estate investments in the region. The company, which focuses on e-commerce platforms for fine wines, luxury real estate, and leather goods, sees this development as a potential boost to its business environment and investment value in Argentina.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:39 pm