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MAA

10 analysts have provided mixed ratings for Mid-America Apartment (NYSE: MAA) over the past quarter. The average 12-month price target has increased by 5.13% to $142.45. Analysts have recently adjusted their ratings and price targets, reflecting a generally positive outlook. Key financial metrics for MAA show strong performance, including a net margin of 26.27% and a revenue growth rate of 2.76%.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 2:00 pm

GD

The U.S. military is significantly increasing its ammunition production due to the ongoing conflict in Ukraine. The Pentagon is investing $6 billion in modernizing munitions facilities, with General Dynamics (NYSE:GD) playing a key role. The company is focusing on producing 155mm shells, supported by a $1 billion contract.

Portfolio Pulse from Benzinga Neuro

June 24, 2024 | 1:58 pm

KNGS

REGL

SON

Sonoco Products Company (NYSE:SON) has announced a $3.9 billion acquisition of Eviosys, a leading metal packaging manufacturer. The deal is expected to enhance Sonoco's global market position and is projected to close by the end of 2024. The acquisition will be financed through new debt and equity issuance, with plans to maintain an investment-grade credit rating. Sonoco anticipates significant synergies and a positive impact on earnings per share. The company also plans to divest ThermoSafe and other assets to generate $1 billion in proceeds.

Portfolio Pulse from Lekha Gupta

June 24, 2024 | 1:29 pm

FXI

UBS

UBS Group AG has sold a 36.01% stake in Credit Suisse's China unit to Beijing State-owned Assets Management for $91.4 million, retaining a 15% share. This sale is part of UBS's strategy following its acquisition of Credit Suisse. The CSI 300 Index hits a four-month low as investors await stimulus measures ahead of the Communist Party's Third Plenum next month.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:28 pm

GLD

Bank of America predicts gold prices could reach $3,000 per ounce within 12-18 months due to factors like Fed rate cuts, geopolitical tensions, and central bank purchases. Despite a decline in assets under management for physically backed ETFs like SPDR Gold Trust (GLD), investor demand for gold has surged, driven by private bar hoarding and central bank acquisitions.

Portfolio Pulse from Piero Cingari

June 24, 2024 | 1:28 pm

AMC

GME

AMC Entertainment Holdings Inc (NYSE:AMC) is in confidential talks with lenders to reduce its debt and extend near-term maturities. The company has over $2.8 billion in maturities due in 2026. AMC has also raised $250 million through a recent equity offering. The stock has been volatile due to renewed interest in meme stocks, partly driven by GameStop Corp (NYSE:GME) trader Keith Gill. Additionally, AMC may be benefiting from the success of 'Inside Out 2' at the box office.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 1:26 pm

CDLR

Cadeler shares are trading higher after the company announced a contract to install 72 15MW wind turbines at Inch Cape Offshore Wind Farm.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:24 pm

CDLR

Cadeler announced a contract to install 72 15MW wind turbines at the Inch Cape Offshore Wind Farm, with the contract value expected to be between €114M and €130M.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 1:24 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital, Riot Platforms, and CleanSpark are experiencing declines as Bitcoin trades below $62,000. Bitcoin's recent drop of 4.5% over 24 hours and 6.5% over the last week is contributing to the weakness in crypto-related stocks. The recent halving event has also put pressure on miners, with Marathon Digital, Riot Platforms, and CleanSpark seeing significant stock price drops.

Portfolio Pulse from Adam Eckert

June 24, 2024 | 1:17 pm

PLUG

Plug Power's short interest has fallen by 3.73%, with 25.04% of its float sold short. This is higher than its peers' average of 9.49%. It would take traders 6.01 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 1:15 pm