Streetbeat News

Assets

UMH

UMH Properties has expanded its existing unsecured revolving credit agreement from $180 million to $260 million in available borrowings. This move increases the company's financial flexibility and capacity for future investments or operations.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:17 pm

SHIB

WIF

Dogwifhat (CRYPTO: WIF) experienced a 20% price increase over the past week, reaching a $4 billion valuation. A significant trade involving 10,000 SOL tokens for 776,830 WIF tokens resulted in a $1.27 million unrealized profit for the trader. Predictions suggest WIF could surpass $5 if Bitcoin exceeds $70K. Dogwifhat's monthly gains stand at 116%, outperforming Shiba Inu (CRYPTO: SHIB), which saw a 24% monthly loss. Despite lacking real-world utility, meme coins like Dogwifhat and Shiba Inu show strong market performance correlated with broader cryptocurrency trends.

Portfolio Pulse from Khyathi Dalal

April 03, 2024 | 8:17 pm

BNL

Broadstone Net Lease (BNL) invested $40.1 million in Q1 2024, including development fundings and capital expenditures, primarily for a distribution facility in Sarasota, Florida. The facility, leased to UNFI for 15 years, is expected to open in Q3 2024 with a 7.2% stabilized yield. BNL has $282.7 million in committed investments and sold 37 healthcare properties for $251.7 million. The portfolio was 99.2% leased, with 99.0% of base rents collected.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:13 pm

LEVI

Levi Strauss & Co. reported a 14% decrease in total inventories on a dollar basis as of February 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:11 pm

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