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Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remain rangebound amid hawkish signals from the Federal Reserve. Bitcoin and Ethereum faced resistance and saw a drop in Open Interest, signaling a weak market. Analysts predict a potential reversal for Bitcoin. Stocks also retraced from records, with NVIDIA Corp. experiencing a significant drop.

Portfolio Pulse from Aniket Verma

June 21, 2024 | 1:53 am

ASTL

Algoma Steel projects Q1 total steel shipments between 500,000 to 510,000 tons and reaffirms its outlook on its transformative Electric Arc Furnace project.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 10:03 pm

ASTL

Algoma Steel Group (NASDAQ: ASTL) reported Q4 earnings per share of $0.07, significantly beating the analyst estimate of $(0.01). However, the company's sales of $460.44 million missed the $575.00 million estimate, representing a 19.92% shortfall and an 8.11% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:36 pm

DE

Deere (NYSE:DE) has significantly outperformed the market over the past 5 years, delivering an average annual return of 18.07%. A $1000 investment in DE stock 5 years ago would be worth $2,286.25 today. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 9:30 pm

NTRA

Natera (NASDAQ:NTRA) has significantly outperformed the market over the past 5 years, delivering an average annual return of 32.67%. A $100 investment in NTRA 5 years ago would now be worth $434.54. The company's current market capitalization is $13.16 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 9:30 pm

MIGI

Mawson Infrastructure reported a 19% year-over-year increase in overall revenue to approximately $4.46 million, equivalent to about 70 BTC. The company also announced that the expansion of its Midland facility is progressing well, which will increase its capacity by 20 MW to a total of 129 MW and about 41,530 miners.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:18 pm

CLW

Clearwater Paper plans to invest $23 million in a new facial tissue converting line at its Shelby, North Carolina facility, which manufactures private branded bathroom tissue, paper towels, napkins, and facial tissue. The facility employs over 600 people.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:09 pm

OII

Oceaneering International (OII) has secured a significant contract worth approximately $50 million from a domestic independent energy company. The contract involves supplying an electro-hydraulic, steel tube dynamic umbilical for a project in the Gulf of Mexico. Manufacturing will begin in 2025 at the Panama City, Florida facility, with final delivery expected in Q2 2026.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 9:06 pm

WAB

Westinghouse Air Brake (NYSE:WAB) has outperformed the market over the past 5 years with an average annual return of 18.73%, resulting in a $100 investment growing to $237.23. The company currently has a market capitalization of $28.50 billion.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 9:01 pm

FCFS

FirstCash Holdings (NASDAQ:FCFS) has outperformed the market over the past 20 years with an average annual return of 12.16%, resulting in a significant growth in investment value. A $100 investment in FCFS 20 years ago would be worth $977.64 today.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 9:00 pm