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ATMP

EINC

TRP

TC Energy Corporation (NYSE:TRP) shares rose after the company reported a rupture and fire at its NGTL gas pipeline system in Alberta, with no injuries and the affected section shut down. The incident is under investigation by the Canada Energy Regulator. Investors can also gain exposure to TRP through VanEck Energy Income ETF (NYSE:EINC) and IPath Select MLP ETN (BATS:ATMP).

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 12:29 pm

OXLC

OXLCL

OXLCM

OXLCN

OXLCO

OXLCP

OXLCZ

Oxford Lane Capital Corp. announced preliminary Q4 financial highlights, including core net investment income of $0.32-$0.38 per share, and cash equivalents of approximately $43M. The company also provided details on distributions, shares, and portfolio investments, with full Q4 results expected in May 2024. Core net investment income is adjusted for cash distributions from CLO equity investments, a non-GAAP measure aimed at providing a clearer picture of financial performance.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:21 pm

Bank of New York Mellon (NYSE:BK) has received mixed analyst ratings over the past quarter, with a recent shift towards a more bullish outlook. The average 12-month price target for BK has been raised to $62.4, up 7.12% from the previous target of $58.25. Analysts from B of A Securities, Evercore ISI Group, RBC Capital, Citigroup, and Morgan Stanley have adjusted their ratings and price targets, reflecting an optimistic view on the company's performance and market position. BNY Mellon, a global investment company, manages $47.8 trillion in assets and has shown a solid revenue growth rate of 13.96% as of December 31, 2023, despite facing challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 12:01 pm

PLCE

The Children's Place has entered into a new financing agreement with Mithaq Capital, its majority shareholder, for a $90M unsecured and subordinated term loan, to be funded by April 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 12:01 pm

SLG

VNO

SL Green Realty and Vornado Realty Trust have modified and extended a $125.0M mezzanine loan on 280 Park Avenue, then repaid the loan for $62.5M. This financial maneuver could indicate strategic financial management by both entities involved.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:40 am

BTCUSD

The upcoming Bitcoin halving, scheduled for around April 20, is anticipated to significantly impact the cryptocurrency market. This event, which halves the reward for mining new Bitcoin, is seen as a deflationary mechanism that could mimic the scarcity of precious metals. Experts predict a potential price increase post-halving, with Europe showing a marked increase in interest. Opinions on the short-term market impact vary, with some experts suggesting a bullish outlook due to demand and supply dynamics, while others caution that immediate effects may already be priced in.

Portfolio Pulse from Murtuza Merchant

April 17, 2024 | 11:39 am

EPM

PED

PEDEVCO, in partnership with Evolution Petroleum Corporation, has successfully drilled and completed three horizontal San Andres wells in the Chaveroo Field, Permian Basin. These wells, drilled in Q4 2023 and completed by early 2024, have commenced production with promising early results, peaking at 300 to 375 BOEPD per well. The wells are currently exceeding expectations with an average production of over 750 BOEPD in the last 30 days, indicating a positive outlook for future development phases.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:39 am

GXO

Daikin and GXO Logistics have expanded their 17-year partnership by opening a new £4M warehouse in the Midlands, aimed at enhancing their logistics and distribution capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:11 am

IYT

JBHT

QQQN

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shares fell after reporting Q1 2024 results with a 9% Y/Y decrease in operating revenue to $2.94 billion, missing the $3.12 billion consensus. Operating income dropped 30% Y/Y to $194.4 million, and EPS of $1.22 missed the $1.52 consensus. The company also repurchased $25 million in shares, with $366 million remaining under its authorization. Exposure to JBHT can be gained through IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and VictoryShares Nasdaq Next 50 ETF (NASDAQ:QQQN).

Portfolio Pulse from Lekha Gupta

April 17, 2024 | 10:44 am

NFGC

New Found Gold announced results from 85 diamond drill holes across several discovery areas, aiming to expand and follow up on high-grade gold mineralization. This is part of multiple drill programs.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 10:42 am