Streetbeat News

Assets

NGL

NGL Energy Partners LP (NGL) has sold its North and South Ranches in New Mexico for approximately $70 million, surpassing its $150 million asset sale guidance for FY24. The sale is part of NGL's focus on portfolio optimization and commitment to environmental sustainability in its water management operations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:50 pm

AIG

American Intl Gr's (NYSE:AIG) short interest has increased by 19.33% since the last report, with 8.55 million shares sold short, representing 1.42% of available shares. It would take approximately 2.09 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards AIG, although it has less short interest compared to its peer group average of 1.82%. This information suggests investors are showing increased bearishness but AIG is still performing better in this aspect than most of its peers.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:50 pm

CSX

CSX Corporation's (NYSE:CSX) short interest has increased by 7.14% since the last report, with 23.39 million shares sold short, representing 1.2% of its float. It would take approximately 2.34 days to cover these short positions based on current trading volume. This rise in short interest can indicate a more bearish market sentiment towards CSX, although it has less short interest compared to its peer group average of 6.54%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:50 pm

INBS

Intelligent Bio Solutions (NYSE:INBS) has seen a 57.64% increase in short interest, now at 90 thousand shares or 3.2% of float. This is above the peer group average of 2.22%. High short interest can indicate bearish market sentiment but may also present bullish opportunities.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:50 pm

SPY

Fed's Bowman anticipates further reductions in inflation within a robust economy, albeit at a slower pace this year. She notes the job market's strength partially stems from part-time workers and immigration. Additionally, Bowman advocates for cautious consideration regarding the enhancement of bank capital regulations.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:40 pm

FET

NEAR

RNDR

SOL

TAO

The crypto venture capital landscape in 2024 is shifting towards projects with real-world utility, particularly in AI and Layer-2 solutions. Traditional VCs are re-engaging, with significant interest in AI-related cryptocurrencies like Bittensor, Near Protocol, Fetch, and Render. The industry is moving away from memecoins and NFT hype, focusing on technological sophistication and scalability. Infrastructure projects, especially those involving zero-knowledge proofs and restaking, are also attracting attention. However, NFTs and GameFi sectors are experiencing a decline in funding.

Portfolio Pulse from Murtuza Merchant

April 05, 2024 | 4:40 pm

AAPL

AMC

AMZN

NVDA

With interest rates at their highest in over two decades, investors are increasingly turning to corporate bonds, seeking higher yields and diversification from equities. Investment-grade bonds, issued by stable companies, offer safer investment options compared to high-yield bonds from riskier firms. Companies like Nvidia, Amazon, Apple, Eli Lilly, and Walt Disney are rated as investment grade, while AMC Entertainment, Office Property Income Trust, and Navient Corporation are considered speculative grade. The article lists the top 10 investment-grade corporate bonds with the highest yields as of April 2024, including issuers like Prospect Capital, Piedmont Office Realty Trust, Td Synnex Corp, Charter Communications, Vornado Realty Trust, Ford Motor Co, Monsanto (owned by Bayer A.G.), Vici Properties, Ally Financial, and Concentrix Corp.

Portfolio Pulse from Piero Cingari

April 05, 2024 | 4:24 pm

NEM

Newmont Corporation's shares are experiencing an uptick due to the increasing strength in the gold market. This movement reflects the company's direct correlation with gold prices, as Newmont is a significant player in the gold mining industry.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 4:02 pm

EBC

Eastern Bankshares (NYSE:EBC) has seen a decrease in short interest, with the short percent of float falling 7.61% to 2.67% of all shares available for trading. The current short interest stands at 4.66 million shares, requiring approximately 2.84 days for traders to cover their short positions. This decline in short interest could indicate a more bullish sentiment towards EBC among investors. Additionally, compared to its peers, EBC has a lower short interest percentage, with the peer group average at 4.99%.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:00 pm

CDNS

Cadence Design Systems (CDNS) has seen a 7.92% increase in its short percent of float since the last report, with 2.65 million shares sold short, representing 1.09% of available shares. This indicates a bearish market sentiment towards CDNS, although it has less short interest compared to its peers' average of 4.21%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 4:00 pm