Streetbeat News

Assets

IT

Gartner (NYSE:IT) has significantly outperformed the market over the past decade, with an annualized return of 21.04%, turning a $100 investment into $683.37 today. The company's market capitalization stands at $37.00 billion.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 2:00 pm

CUBE

CubeSmart (NYSE:CUBE) has seen a 9.06% increase in its short percent of float, now at 5.70 million shares or 2.89% of all shares available for trading. It would take about 3.36 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards CubeSmart, although it has less short interest compared to its peer group average of 3.79%. This information suggests investors are showing increased skepticism but does not necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 1:45 pm

BTCUSD

ETHUSD

ICPUSD

XECUSD

Bitcoin surpassed the $67,000 mark, while Ethereum also saw gains, trading above $3,400. Internet Computer emerged as the top gainer with a 21.4% increase, and eCash was the biggest loser. The global crypto market cap rose to $2.54 trillion, marking a 24-hour gain of 2.4%.

Portfolio Pulse from Avi Kapoor

March 25, 2024 | 1:40 pm

COIN

MSTR

Shares of Coinbase Global Inc (NASDAQ:COIN) and MicroStrategy Inc (NASDAQ:MSTR) are rising due to an increase in Bitcoin's price, following dovish comments from the Federal Reserve and a recent surge in Bitcoin demand. Coinbase, benefiting from crypto volatility, reported a significant increase in transaction revenues in Q4. MicroStrategy, focusing on Bitcoin accumulation, holds approximately 205,000 bitcoins. Both stocks have shown substantial gains over the past year, with current trading conditions indicated as neutral based on their Relative Strength Index.

Portfolio Pulse from Adam Eckert

March 25, 2024 | 1:35 pm

TRNO

Terreno Realty Corporation has acquired a property in Brooklyn, NY, for $12.0 million, expanding its real estate portfolio in a key urban market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:16 pm

AY

Atlantica Sustainable Infrastructure plc (AY) has announced the acquisition of two wind assets in the United Kingdom for approximately $66 million. The purchase price reflects an Enterprise Value/EBITDA multiple of about 6.6 times.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:15 pm

ESS

Essex Property Trust has acquired its JV partner's 49.9% interest in four apartment communities for a total purchase price of $505 million on a gross basis. The portfolio includes 1,480 apartment homes and generated an 11.4% IRR. Essex will recognize approximately $1.5 million in promote income, excluded from Core FFO.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:05 pm

EMN

Eastman has been selected by the US Department of Energy to receive up to $375 million in investment for its second US molecular recycling project. This significant investment underscores the government's support for sustainable and innovative recycling technologies.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 1:02 pm

TSLA

Tesla has reportedly reduced production at its Shanghai Gigafactory, according to supply chain sources cited by DigiTimes. The company has postponed its manufacturing plans, indicating potential disruptions or adjustments in its production strategy.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:53 pm

TWR.V

Stuart Averill, chairman of Overburden Drilling Management, celebrates 50 years in mining exploration, highlighting his role in discovering significant gold deposits in Canada. Averill, also a board member of Tower Resources Ltd (TSXV:TWR), shared insights at the PDAC conference in Toronto about his innovative exploration techniques and notable discoveries, including the Casa Berardi and Rainy River deposits. His current work at Tower Resources has led to promising findings at the Rabbit North project in British Columbia, with the 'Lightning' and 'Thunder' gold deposits poised for further exploration.

Portfolio Pulse from Neil Dennis

March 25, 2024 | 12:52 pm