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BHP

CLF

GSM

NEM

Ferroglobe PLC (GSM) and LONGi have entered a silicon supply agreement effective Jan. 1, 2024. MP Materials Corp. (MP) plans a $500 million Convertible Senior Notes offering. Cleveland-Cliffs Inc. (CLF) announced a $750 million senior unsecured guaranteed notes offering. BHP Group Limited (BHP) signed non-binding agreements for potash production at its Jansen mine. Newmont Corporation (NEM) initiated a private offering of notes due in 2026 and 2034 to repay borrowings.

Portfolio Pulse from Austin DeNoce

March 04, 2024 | 10:53 pm

IMRN

Trading of Immuron Limited shares (IMRN) has been halted in anticipation of the company announcing top-line results from its Phase 2 IMM-124E clinical trial.

Portfolio Pulse from Charles Gross

March 04, 2024 | 10:43 pm

CVX

Bunge and Chevron have announced the final investment decision approval for a joint venture to construct a new oilseed processing plant in Destrehan, Louisiana. This expansion will generate over 150 construction jobs and create 30 new permanent positions once the plant is operational.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:11 pm

CVGI

Commercial Vehicle Group (CVGI) projects its full-year 2024 net sales to be between $915M-$1.015B, with an adjusted EBITDA of $60M-$73M, despite industry forecasts predicting a lower Class 8 truck build in 2024. The company attributes this resilience to the success of its diversification strategy, especially in growing its Electrical Systems business.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:09 pm

BYDDY

NIO

TSLA

XPEV

Chinese EV makers, led by BYD Company ADR, are outpacing their global counterparts, including Tesla, in production speed and innovation. This has raised concerns among U.S. automakers and government officials about the potential market impact and national security threats posed by Chinese EVs. Despite facing a 25% tariff barrier, Chinese companies like NIO Inc are planning to enter the U.S. market by 2025. The U.S. is responding with investments in EV infrastructure and probes into the security risks of Chinese EV technology.

Portfolio Pulse from Natan Ponieman

March 04, 2024 | 10:05 pm

CMCSA

DIS

DKNG

MAT

NFLX

WBD

The 96th Academy Awards features 'Oppenheimer' and 'Barbie' as top contenders, with 'Oppenheimer' leading nominations. Comcast's 'Oppenheimer' and Warner Bros. Discovery's 'Barbie', based on Mattel's brand, are among the most nominated films. Disney, Comcast, and Netflix are the most nominated companies. Betting odds from DraftKings highlight 'Oppenheimer' as a favorite in several categories. The awards will be aired on Disney-owned ABC.

Portfolio Pulse from Chris Katje

March 04, 2024 | 10:04 pm

AMD

AMD has appointed Thomas Zacharia to focus on expanding the company's strategic relationships in the artificial intelligence (AI) sector. This move indicates AMD's commitment to strengthening its position in the rapidly growing AI market.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 10:03 pm

BTCUSD

ETHUSD

Bitcoin (BTC) surpassed $67,000, reaching a level not seen since 2021, amid a six-month rally. Jim Cramer attributes the surge not to the recently approved spot Bitcoin ETFs or the anticipated April halving event, but to a growing distrust in fiat currencies. Cramer suggests Bitcoin is seen as a hedge against the devaluation of fiat currencies, especially with the U.S. dollar's purchasing power decline since leaving the gold standard. The rise in U.S. national debt, now increasing by $1 trillion every 100 days, is also linked to Bitcoin's appeal. Cramer, who has been cautious about crypto, hinted at a potential Ethereum ETF sparking another rally.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 9:44 pm

AVAV

AeroVironment Inc (NASDAQ:AVAV) reported a significant beat on both revenue and EPS for its fiscal third quarter, with a 39% year-over-year increase in revenue to $186.6 million and earnings of 63 cents per share. The company highlighted increased global demand, a strong backlog, and record revenue in the Loitering Munition Systems segment as key drivers. AeroVironment expects full-year 2024 revenue between $700 million and $710 million and adjusted earnings per share between $2.69 and $2.83, indicating continued growth.

Portfolio Pulse from Adam Eckert

March 04, 2024 | 9:37 pm

BIIB

Biogen is set to present data at the International Conference on Alzheimer's and Parkinson's Diseases from March 5-9. This event could highlight Biogen's ongoing research and development efforts in the field of neurodegenerative diseases, potentially impacting its stock performance.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 9:17 pm