Streetbeat News

Assets

OLN

Olin Corporation (NYSE:OLN) has filed antidumping and countervailing duty petitions against China, India, South Korea, Taiwan, and Thailand, alleging that imports of certain epoxy resins are unfairly traded and causing material injury to the U.S. epoxy resin industry. The petitions, part of the U.S. Epoxy Resin Producers Ad Hoc Coalition, claim these imports are subsidized by their governments, affecting U.S. pricing, production, sales, and earnings. The petitions aim to address the negative impact of these imports on the U.S. industry's sustainability and supply chain resiliency, vital for critical industries and compliance with U.S. legislation.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:10 pm

COF

Over the past 15 years, Capital One Financial (NYSE:COF) has outperformed the market with an annualized return of 15.07%, turning a $100 investment into $1,038.20. The company currently has a market capitalization of $54.54 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:01 pm

MSTR

Over the past 10 years, MicroStrategy (NASDAQ:MSTR) has significantly outperformed the market, with an annualized return of 31.42%, turning a $1000 investment into $14,779.19 today. The company's market capitalization currently stands at $26.81 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:01 pm

AAOI

Applied Optoelectronics (NYSE:AAOI) has seen a decrease in short interest, with the short percent of float falling 3.18% to 24.03%. This indicates fewer shares are being shorted compared to the last report. The company's short interest is significantly higher than its peer group average of 7.73%. Short interest is a key indicator of market sentiment, and a decrease suggests investors may be becoming more bullish on AAOI.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

ROK

Rockwell Automation (NYSE:ROK) has seen a 10.05% increase in its short percent of float since the last report, with 2.21 million shares sold short, representing 2.19% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 11.03%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

DE

Deere & Company's (NYSE:DE) short interest has decreased by 10.09% since the last report, with 2.71 million shares sold short, representing 0.98% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.74 days to cover all short positions. Deere's short interest is lower than its peer group average of 3.38%, indicating relatively less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

LUNR

Intuitive Machines (NYSE:LUNR) has seen a 21.93% increase in short interest, now at 3.02 million shares or 39.37% of float. This is significantly higher than its peer average of 10.24%. Short interest can indicate market sentiment, and while an increase suggests bearishness, it can also be a bullish signal under certain conditions.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 7:45 pm

COIN

Crypto VC firm Paradigm, co-founded by Coinbase Global Inc. (NASDAQ:COIN) co-founder Fred Ehrsam, is reportedly raising a new fund between $750 million and $850 million. This follows a period of increased fundraising activity in the crypto sector, despite Paradigm's recent challenges, including a leadership shift and involvement in a class-action lawsuit related to its investment in FTX. The firm continues to invest in the crypto industry, with significant investments like in Merkle Manufactory.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 7:33 pm