Streetbeat News

Assets

OWL

Blue Owl Capital has announced the acquisition of Prima Capital Advisors for $170M, with the deal expected to close in Q2 or Q3 of 2024. The acquisition, aimed at expanding Blue Owl's asset management capabilities, will be funded through equity and cash, with additional earnout consideration. Prima, managing $10 billion in assets, will integrate its employees into Blue Owl post-acquisition.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:08 am

GOOG

GOOGL

Google is expanding its in-house chip development efforts to better compete in the rapidly growing AI sector. This move is part of a broader trend among tech companies to create custom hardware tailored for AI applications, which require significant computational power. Google's initiative, which began in 2016, aims to produce bespoke hardware to enhance its AI capabilities and efficiency.

Portfolio Pulse from Charles Gross

April 09, 2024 | 11:03 am

PSMT

QQQ

SPY

TLRY

WDFC

US stock futures show minimal movement amid concerns over inflation data and mixed market signals. Analysts remain optimistic, predicting S&P 500 earnings growth due to strong economic momentum and AI investment. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw slight premarket declines. Analysts highlight the potential for continued equity market growth, citing historical trends and expectations for slowing inflation. Key earnings reports are expected from Tilray Brands, PriceSmart, and WD-40 Company.

Portfolio Pulse from Shanthi Rexaline

April 09, 2024 | 11:02 am

ACRV

Acrivon Therapeutics has announced a $130 million private placement financing to support its operations and research activities. This significant influx of capital is expected to bolster the company's financial stability and enable further development of its therapeutic products.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 11:01 am

CNX

CNX Resources is close to finishing its Kiski Water Line Project, aimed at supporting its operational needs, minimizing the environmental impact of natural gas development, and enhancing regional water infrastructure for communities.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:48 am

BP

EIPX

HJEN

BP p.l.c. (NYSE:BP) shares rose in premarket trading after the company provided a positive trading update for Q1 2024, expecting higher upstream production. The update included projected impacts from various segments, with overall production expected to be slightly higher year-over-year. BP also anticipates a capital expenditure of around $16 billion for FY24. Additionally, BP is nearing a deal to sell some Trinidad and Tobago assets to Perenco. Investors can also gain exposure to BP through Direxion Hydrogen ETF (NYSE:HJEN) and First Trust Energy Income Partners Strategy ETF (NYSE:EIPX).

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 10:39 am

AL

Air Lease Corporation reported that its Q1 aircraft sales proceeds amounted to $240 million, indicating a significant transaction volume for the period.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:37 am

AL

Air Lease Corporation (AL) reported that its aircraft investments for the first quarter amounted to $900 million. This significant investment highlights the company's ongoing commitment to expanding its fleet and enhancing its offerings in the competitive aircraft leasing industry.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:36 am

AL

BA

EADSY

Air Lease Corporation announced it has 320 new aircraft on order from Boeing and Airbus, with deliveries scheduled through 2028. This significant expansion of its fleet underscores Air Lease's growth strategy and commitment to modernizing its offerings with more fuel-efficient aircraft.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:35 am

AL

Air Lease Corporation reported that as of March 31, its fleet consisted of 472 owned aircraft and 73 managed aircraft, indicating the scale of its operations.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 10:34 am