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WEST

Westrock Coffee has announced the opening of the largest roast-to-ready-to-drink manufacturing facility in Conway, Arkansas. This new facility is expected to enhance the company's production capabilities and meet growing consumer demand.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:09 am

QXO

QXO has secured $3.5 billion in a private placement, selling 340,932,212 shares at $9.14 per share and 42,000,000 pre-funded warrants at $9.13999 per warrant. The placement has received shareholder approval and is expected to close early in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:57 am

RNA

Avidity Biosciences has announced a public offering of 10.55 million common shares at $38 per share, expected to raise $400.9 million in gross proceeds. The offering is anticipated to close around June 17, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 6:38 am

BBJP

DXJ

EWJ

Japan's industrial production for April decreased by 0.9% month-over-month, which is significantly worse than the estimated decline of 0.1% and the previous month's increase of 4.4%.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:35 am

HITI

High Tide Inc. (NASDAQ:HITI) reported strong financial performance in Q2 2024, with $9.4 million in free cash flow and a net income of $0.2 million. Revenue increased by 5% to $124.3 million, and adjusted EBITDA grew by 52% year-over-year. The company plans to expand its cannabis footprint by opening 20-30 new stores by year-end, supported by a strong cash position of $34.5 million.

Portfolio Pulse from Nicolás Jose Rodriguez

June 14, 2024 | 3:35 am

BA

LMT

TSLA

The Pentagon has awarded contracts under its $5.6 billion National Security Space Launch (NSSL) program to Blue Origin, SpaceX, and United Launch Alliance (ULA), a joint venture of Lockheed Martin and Boeing. These companies will compete for contracts until mid-2029 under NSSL Phase 3 Lane 1.

Portfolio Pulse from Benzinga Neuro

June 14, 2024 | 1:59 am

AMC

CMCSA

DIS

Disney is banking on upcoming releases 'Inside Out 2,' 'Moana 2,' and 'Deadpool & Wolverine' to recover from a disappointing box office performance in 2023. These films are expected to boost Disney's financials and also benefit theater chains like AMC.

Portfolio Pulse from Chris Katje

June 13, 2024 | 10:45 pm

FRHC

Freedom Holding (FRHC) reported a significant increase in its FY24 revenue, reaching $1.6 billion, up 105% from $796 million last year. The company's EPS also rose to $6.33 from $3.45 in the prior year.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:33 pm

LNW

Light & Wonder has announced that it remains on track to achieve its $1.4 billion consolidated AEBITDA target for 2025.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 9:29 pm

ALL

PGR

South Florida is experiencing rising flood waters due to persistent torrential rains, leading to a state of emergency declared by Governor Ron DeSantis. The impact on major insurance providers like Progressive Corporation and Allstate Corporation is still uncertain, with their stocks showing little change. The region is also facing an above-average hurricane season, which could further strain the insurance sector.

Portfolio Pulse from Michael Juliano

June 13, 2024 | 9:16 pm