Streetbeat News

Order Imbalances

ERJ

Porter Airlines has placed a firm order for 25 Embraer SA E195-E2 passenger jets, valued at $2.1 billion. This order will be added to Embraer's Q4 backlog, bringing Porter's total orders with Embraer to 75, with 25 purchase rights remaining. Porter plans to use the new jets to expand service across North America. The E195-E2 jets have been well received by Porter, with positive feedback on fuel efficiency and customer satisfaction. Embraer's stock (ERJ) closed higher by 0.98% at $16.46.

Portfolio Pulse from Shivani Kumaresan

November 30, 2023 | 11:15 am

ASNS

Actelis Networks, Inc. has received an order from a German energy provider for its encrypted, cyber-hardened, hybrid-fiber networking technology. This technology is designed to enhance the security and reliability of the energy provider's communications infrastructure.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 1:33 pm

GBTC

MSTR

Andrew Tate compared Michael Saylor's responsible business practices at MicroStrategy with Sam Bankman-Fried's fraudulent activities at FTX. Tate highlighted Saylor's net-benefit approach to business, contrasting it with Bankman-Fried's 0-benefit strategy, which led to his conviction on fraud charges. Tate also discussed the potential SEC approval of a Bitcoin ETF, mentioning several contenders for the ETF including Grayscale, Ark/21 Shares, Bitwise, BlackRock, VanEck, WisdomTree, Valkyrie, Invesco Galaxy, and Fidelity Wise Origin.

Portfolio Pulse from Mehab Qureshi

November 29, 2023 | 12:04 pm

BA

SCAT Airlines has placed an order for seven Boeing 737 MAX jets to expand its fleet and open new routes to European destinations. This order will nearly double SCAT's 737 fleet.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:49 am

BA

Boeing Company (NYSE:BA) shares rose approximately 3% following the announcement of new contracts with Middle Eastern airlines at the Dubai Airshow. Emirates ordered 90 777X airplanes, increasing their backlog to 205, and added five more 787 jets to their order. flydubai placed an order for 30 787-9 Dreamliners, and Royal Jordanian ordered four 787-9 Dreamliner jets. Boeing's 2023 Commercial Market Outlook anticipates widebody airplanes will represent 45% of Middle East airline deliveries over the next 20 years. Despite a strong quarter in revenue, Boeing's adjusted loss per share was wider than expected.

Portfolio Pulse from Lekha Gupta

November 13, 2023 | 1:35 pm

BA

Royal Jordanian has placed an order for four Boeing 787-9 Dreamliner jets and reconfirmed a previous order for two more, totaling six 787-9s on backlog. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 13, 2023 | 11:58 am

BA

Emirates Airlines has placed an order for 90 Boeing 777-X jets, with the deal valued at $52 billion. This significant order comes as a boost for Boeing, which has faced challenges with the 777-X program, including delays and certification hurdles.

Portfolio Pulse from Charles Gross

November 13, 2023 | 9:52 am

FXI

SPY

A ransomware attack on China's ICBC has disrupted the U.S. Treasury market. The attack has caused a significant delay in the bank's operations, affecting its ability to trade U.S. Treasury bonds. This has led to a temporary imbalance in the market.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 6:38 pm

OSIS

OSI Systems, Inc. (NASDAQ:OSIS) has announced that its Security division has received an international order worth approximately $15 million for its various checkpoint screening solutions. The order includes the Orion® 920CT and Orion® 920DX checkpoint screening systems, and the Itemiser® 5X explosive trace detection system. The company will also provide ongoing maintenance, service, and support for these products.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 1:36 pm

LASE

Laser Photonics has secured an order from a Costa Rican fabrication company for its CleanTech Laser Cleaning System. The deal is expected to boost the company's revenues and strengthen its position in the market.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 12:25 pm