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SPY

The U.S. Capacity Utilization Rate for March was reported at 78.4%, slightly below the estimated 78.5% but above the previous month's rate of 78.2%.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:16 pm

TRNO

Terreno Realty has expanded its portfolio by acquiring a property in Alexandria, VA, for $84.3 million, indicating a strategic move to strengthen its presence in a key market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:15 pm

SPY

U.S. manufacturing production increased by 0.5% in March, a decrease from the 1.2% growth observed in the previous month.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:15 pm

SPY

U.S. Industrial Production for March increased by 0.4%, matching both the expectations and the previous month's growth rate.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:15 pm

NKE

Nike's (NYSE:NKE) short percent of float has increased by 4.55% since the last report, with 17.92 million shares sold short, representing 1.84% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Nike's short interest is below its peer group average of 7.47%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 1:15 pm

DOGEUSD

SHIBUSD

TradeTheFlow, a crypto and macro researcher, has presented a thesis on the rise of meme coins, suggesting they are becoming a new asset class within crypto. This thesis categorizes meme coins into Original (OG) memes like Dogecoin (DOGE) and Shiba Inu (SHIB), Solana memes, and Base memes. The researcher argues that the popularity of meme coins is driven by societal shifts towards high-risk investments and a rebellion against traditional financial systems.

Portfolio Pulse from Khyathi Dalal

April 16, 2024 | 1:04 pm

DEA

Easterly Government Properties, Inc. (NYSE:DEA) has acquired a 135,200 square foot facility near Dallas, Texas, primarily leased to the U.S. Immigration and Customs Enforcement's OCIO and Office of Human Capital. The facility, which is 95% leased, includes two additional private tenants and has a weighted average initial lease term of 16.2 years. This acquisition is part of Easterly's strategy to enhance cashflows and provide accretive growth for shareholders, contributing to the company's portfolio of 91 properties totaling 8.9 million square feet.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:01 pm

BAC

During a conference call, the CEO of Bank of America (BofA) stated that the strategy of replacing lower earning assets with higher yielding ones continues to benefit the bank's net interest income, which is expected to reach $14 billion in Q2.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:54 pm

RWAY

Runway Growth Capital LLC has committed $40M to CarNow, a live-data automotive technology platform, to accelerate product development and enhance digital retailing solutions in the automotive industry. This investment aims to support CarNow's market expansion and innovation in car buying and selling experiences.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:40 pm

SPY

USA housing starts in March were reported at 1.321 million, significantly below the estimated 1.480 million and the previous month's 1.549 million. This indicates a slowdown in the housing market.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 12:31 pm