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Acquisitions Mergers

BTCUSD

META

NVDA

TSLA

Bitcoin surpassed $50,000, reaching a $1-trillion market valuation after SEC approval for a Bitcoin ETF. Nvidia outpaced Amazon and Alphabet, becoming the third-largest U.S. company. Inflation reports led to reassessment of Fed rate cuts, affecting tech stocks. AI investment is predicted to reach $1 trillion in 10 years, with Nvidia at the forefront. Tesla's stock may rise due to stable pricing and Full Self-Driving adoption. The top seven U.S. tech giants' stocks surged 140%, raising bubble concerns. Wealth migration to tax-favorable states is noted, and Zuckerberg praised Meta's Quest 3 over Apple's Vision Pro.

Portfolio Pulse from Piero Cingari

February 16, 2024 | 9:29 pm

LGBI

The SEC has taken action against fraudulent activities involving SHE Beverage Company, a cryptocurrency Ponzi scheme, and Cannabiz Mobile. SHE Beverage Company was ordered to pay over $12 million for a scam share scheme. The SEC is also investigating a crypto Ponzi scheme involving NovaTech, with subpoenas issued to Dapilinu Dunbar and Corrie Sampson. Additionally, a judgment was entered against Anthony Jay Pignatello for a share scam related to Cannabiz Mobile (OTC:LGBI), resulting in a payment of $43,337.

Portfolio Pulse from Neil Dennis

February 16, 2024 | 9:28 pm

IEP

JBLU

Carl Icahn has acquired a 10% stake in JetBlue, securing two seats on the airline's board. This move is part of a settlement to avoid a proxy fight, according to sources cited by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

SWTX

SpringWorks Therapeutics shares are trading higher due to rumors of potential takeover interest.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

VKTX

Viking Therapeutics shares are trading higher due to rumors of a potential takeover by a large pharmaceutical company.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 8:54 pm

DWAC

INTU

NNOX

SMCI

SOUN

Benzinga's Stock Whisper Index highlights five stocks: INTU, NNOX, DWAC, SOUN, and SMCI. INTU gains attention from Super Bowl ads and upcoming Q2 results. NNOX rises after Nvidia's stake disclosure and FDA clearance. DWAC surges with SEC's merger approval for Trump Media. SOUN soars with investments from BlackRock and Nvidia. SMCI's stock climbs due to AI demand, with analysts turning bullish.

Portfolio Pulse from Chris Katje

February 16, 2024 | 8:54 pm

ARKK

SARK

TARK

TSLA

Tesla (NASDAQ:TSLA) experienced a significant drop after missing its quarterly earnings, contrasting sharply with the success of other tech giants like Nvidia and Microsoft. Despite this, Cathie Wood's ARK Innovation ETF (NYSE:ARKK) purchased 377,000 shares, leveraging her strategy of buying underperforming stocks. Tesla's vision for the future, including autonomous driving and robotics, remains a key investment thesis for Wood. Additionally, the AXS 2X Innovation ETF (NASDAQ:TARK) and the AXS Short Innovation Daily ETF (NASDAQ:SARK) offer leveraged exposure to ARKK's performance for bullish and bearish traders, respectively.

Portfolio Pulse from Johnny Rice

February 16, 2024 | 6:37 pm

CMCSA

DIS

FOX

PARA

WBD

Paramount Global (NASDAQ:PARA) and Comcast Corporation (NASDAQ:CMCSA) are reportedly discussing a potential collaboration in the streaming space, exploring options like a commercial partnership or a joint venture. This move aims to navigate the evolving streaming landscape, potentially bringing together Paramount+ and Peacock to achieve cost savings and offer a more comprehensive content library. The discussions are part of a broader industry trend towards strategic collaborations, as seen with recent ventures by The Walt Disney Co (NYSE:DIS), Fox Corp (NYSE:FOX), and Warner Bros. Discovery Inc (NASDAQ:WBD). Paramount is also exploring other strategic options, including talks of a merger with Warner Discovery and a potential sale to SkyDance Media.

Portfolio Pulse from Vandana Singh

February 16, 2024 | 6:33 pm

CHNR

DASH

GXAI

HTOO

DoorDash shares fell by 12.2% after reporting mixed Q4 results and providing Q1 guidance. Other stocks showed significant movements, with Gaxos.ai surging 444% after announcing an AI solution for game developers, and Fusion Fuel Green climbing 157% following European Commission approval for its project. Losers included China Natural Resources, dropping 48% after a direct placement announcement, and Bloom Energy, falling 24% due to disappointing Q4 results.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:04 pm

DKNG

FLUT

DraftKings Inc (NASDAQ:DKNG) reported strong Q4 financial results and announced the acquisition of Jackpocket, a move praised by analysts for potential cross-sell opportunities and user base expansion. Analysts from BMO Capital, Stifel, Oppenheimer, Needham, JMP Securities, Truist, and Benchmark provided positive outlooks, raising price targets and highlighting DraftKings' growth prospects, especially in light of new state legalizations and the Jackpocket acquisition. Flutter Entertainment (NYSE:FLUT) was also mentioned as a key competitor in the sports betting sector.

Portfolio Pulse from Chris Katje

February 16, 2024 | 6:01 pm