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AA

AMR

FEAM

VALE

5E Advanced Materials (FEAM) is nearing initial production at its Boron Americas Complex, with operations and commercial activities ramping up for a Q2 2024 start. Alcoa Corporation (AA) plans to acquire Alumina Limited (AWCMF) in an all-stock deal valued at $2.2 billion, aiming to strengthen its market position. Vale (VALE) and Sumitomo Metal Mining (SMMYY) are selling a 14% stake in PT Vale Indonesia to PT Mineral Industri Indonesia, aligning with ownership transfer obligations. Alpha Metallurgical (AMR) reported a significant increase in Q4 net income and adjusted EBITDA, continuing its share buyback program.

Portfolio Pulse from Austin DeNoce

February 26, 2024 | 10:39 pm

ACHR

Archer Aviation Inc (NYSE:ACHR) reported Q4 financial results with losses of 34 cents per share, missing analyst expectations by 21.43%. Despite this, the company is progressing with its Midnight aircraft, expecting to complete 400 test flights in 2024. Archer anticipates non-GAAP operating expenses of $75 million to $95 million for Q1 2024. Shares fell 6.91% after-hours to $4.58.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 10:37 pm

RIVN

Rivian Automotive announced an expected near-term negative impact on vehicle production and cost of revenues due to a planned shutdown of its Normal factory. The shutdown is anticipated to affect the company's ability to produce vehicles and increase production costs.

Portfolio Pulse from Charles Gross

February 26, 2024 | 10:25 pm

BTCUSD

The article discusses the Bitcoin halving event in April, highlighting various reactions from the crypto community, ranging from sarcasm to serious analysis. It explains the mechanics and implications of the halving, emphasizing its potential impact on Bitcoin's supply, price equilibrium, and scarcity. Jesse Myers of Onramp Bitcoin outlines six key points to understand the halving, including its effect on supply issuance, price, and the psychology of investors. The article also mentions Bitcoin's current trading price.

Portfolio Pulse from Ivan Crnogatić

February 26, 2024 | 9:57 pm

AL

BA

Air Lease Corporation (AL) has entered into long-term lease agreements with Thai Airways International for three new Boeing 787-9 aircraft, set to be delivered in 2025. These aircraft, part of ALC's order book with Boeing (BA), will be used by Thai Airways to enhance its global network, including flights to Europe, Australia, and Intra-Asia. This deal marks the beginning of a partnership between ALC and Thai Airways, aimed at modernizing the airline's fleet and improving passenger experience.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:53 pm

DAWN

Day One Biopharmaceuticals (NASDAQ:DAWN) reported its 2023 financial results, highlighting a strong cash position of $366.3M, providing a runway into 2026. The company is preparing for the potential approval and launch of tovorafenib, with a PDUFA target date set for April 30, 2024. Significant progress was made in clinical trials, including the publication of Phase 2 FIREFLY-1 results in Nature Medicine and the ongoing Phase 3 FIREFLY-2/LOGGIC trial. R&D and G&A expenses increased due to expanded clinical activities and commercial preparedness efforts. The company also announced key leadership changes and board additions.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:42 pm

U

Unity Software Inc (NYSE:U) reported Q4 earnings with a 35% year-over-year revenue increase to $609 million, surpassing estimates. However, it missed per-share loss estimates, reporting a 66 cents loss versus the expected 42 cents. The company announced a portfolio reset, including exiting certain businesses and focusing on strategic engagements. Unity forecasts Q1 strategic portfolio revenue between $415 million to $420 million and full-year 2024 revenue between $1.76 billion to $1.8 billion. Shares fell 15.9% after hours.

Portfolio Pulse from Adam Eckert

February 26, 2024 | 9:41 pm

CHAT

MAGS

META

NVDA

QQQ

Roundhill Investments' ETFs, particularly the Magnificent Seven (MAGS) and Generative AI & Technology (CHAT), have outperformed with a 15% surge since the year's start, drawing $100M in inflows in a month. The firm's focus on innovative ETFs like the metaverse (METV) and others in sports betting, cannabis, and Bitcoin strategies has contributed to its growth. Nvidia (NVDA) and Meta Platforms (META) are significant holdings in MAGS, while CHAT emphasizes companies with major revenue from AI.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 9:32 pm

HWH

HWH International Inc. (NASDAQ:HWH) has acquired a café in Seocho-gu, South Korea, launching its second Hapi Cafe outlet. This move aligns with HWH's vision of Health, Wealth, and Happiness, offering healthy food options, functional coffee, and a co-working space. The new café is in a prestigious French neighborhood, enhancing HWH's presence in the South Korean market. Chairman Chan Heng Fai emphasized the expansion's role in delivering value and experiences to members and the public.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:28 pm

JANX

Janux shares surged following the announcement of positive updated clinical data for its two clinical programs.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:28 pm