Streetbeat News

Assets

DAL

Delta Air Lines has reaffirmed its financial outlook for 2024, projecting earnings per share (EPS) in the range of $6-$7, aligning with analyst estimates of $6.46, and anticipates generating free cash flow between $3 billion and $4 billion.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:32 am

COHR

Coherent Corp. (NYSE:COHR), a leader in wide- and ultrawide-bandgap semiconductors, has secured $15 million in funding from the CHIPS and Science Act of 2022 to accelerate the commercialization of its semiconductor technologies. This funding is part of the $2 billion allocated by the Department of Defense to strengthen the U.S. semiconductor supply chain.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 10:03 am

HLI

Houlihan Lokey announced the hiring of Dr. Ashish Patel as a Managing Director in its Capital Markets Group, aiming to enhance its equity private placement capabilities and expand its presence in Europe.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 8:03 am

SUUN

SolarBank has successfully completed the acquisition of a 3.15 MW solar project located in New York from Storke Renewable. This strategic move is expected to enhance SolarBank's portfolio and presence in the renewable energy sector, particularly in New York.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 7:35 am

TIP

The upcoming March CPI report is expected to show a slight slowdown in month-over-month inflation but a slight increase year-over-year. Experts like Aswath Damodaran and Gene Munster express concerns over its potential impact on the market and tech stocks, respectively, while Paul Krugman sees the inflation wave as broken. The iShares TIPS Bond ETF (TIP) saw a slight increase in anticipation of the report.

Portfolio Pulse from Shanthi Rexaline

April 10, 2024 | 7:00 am

VST

Vistra Corp has announced the pricing of two private offerings: $500 million of senior secured notes due 2034 and $1 billion of senior unsecured notes due 2032. The secured notes are priced at 99.865% of their face value, while the unsecured notes are priced at 100% of their face value.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:46 am

COIN

Shadow Token (SHDW), the native cryptocurrency of ShdwDrive, surged 20% ahead of its Coinbase listing, marking an 80% increase in a month. Coinbase will support SHDW on the Solana network, cautioning users against sending it over other networks. SHDW's listing on major exchanges like Crypto.com and Gate.io has significantly increased its trading volume, contributing to a 290% surge today. Despite a recent 12% drop, SHDW trades at $1.95, reflecting a 1483.22% yearly increase. The crypto market remains volatile, with significant movements in SHIB and BTC.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 5:32 am

MNDR

Mobile-health Network Solutions announced a $9M IPO of 2.25M Class A shares at $4 each, potentially rising to $10.35M with over-allotment. Trading on NASDAQ under 'MNDR' starts April 10, 2024, with closing around April 12, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 5:06 am

BTCUSD

CKBUSD

DOGEUSD

ETHUSD

FTMUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced price drops, with $250 million in crypto derivatives liquidated. The downturn is attributed to anticipation of a higher-than-expected Consumer Price Index (CPI) release. Over $242.87 million in long positions were liquidated in the past 24 hours. The global cryptocurrency market cap increased by 4.25%, while the Dow and S&P 500 showed mixed results. Analysts suggest the market's future direction depends on altcoin performance and potential Federal Reserve rate cuts.

Portfolio Pulse from Mehab Qureshi

April 10, 2024 | 4:46 am

BTCUSD

BTDR

U.S. Rep. Patrick McHenry advocates for the U.S. to lead in Bitcoin innovation, emphasizing the need for policymakers to understand the technology. He highlighted Bitcoin's resilience against attempts to halt its progress, including those by authoritarian regimes. McHenry's push for leadership in Bitcoin innovation comes amid a significant increase in Bitcoin's hashrate and mining profitability, with Bitdeer Technologies leading in mining advancements.

Portfolio Pulse from Benzinga Neuro

April 10, 2024 | 4:40 am