Streetbeat News

Acquisitions Mergers

NPSCY

Donald Trump's threat to block Nippon Steel's (OTC:NPSCY) acquisition of United States Steel (NYSE:X) for $15 billion could have broader implications for Japan, potentially affecting future acquisitions in strategic sectors. The deal, facing opposition from U.S. lawmakers and unions, symbolizes the limits of 'friendshoring' between allies. Experts warn that the deal's failure could damage investment ties, raise costs for businesses and consumers, and prompt Japanese companies to reevaluate their U.S. expansion plans.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 5:51 am

HOLI

The Dazheng Group-led Buyer Consortium reaffirms its commitment to acquire Hollysys Automation Technologies Ltd. (HOLI) at $29.50 per share, offering a superior value proposition compared to the Ascendent Capital offer. The Consortium's offer is backed by robust financing commitments and requires fewer regulatory approvals. Despite challenges in negotiations with Hollysys's Special Committee, the Consortium urges shareholders to vote AGAINST the Ascendent transaction at the EGM on February 8, 2024. Leading Proxy Advisors ISS and Glass Lewis recommend voting against the Ascendent deal, citing concerns over the sales process and the potential for greater value with the Consortium's offer.

Portfolio Pulse from Benzinga Newsdesk

February 04, 2024 | 6:36 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

AAPL

ESGU

META

TSLA

Barron's weekend stock picks highlight optimism for GE's future post-breakup, Meta's inaugural dividend signaling a shift in Big Tech's approach, a record outflow from ESG funds with iShares ESG Aware USA ETF facing challenges, Apple's resilience despite weak guidance, and Tesla's stock decline attributed to various factors including competition from Ford. The articles suggest a mixed outlook for these companies, with specific challenges and opportunities outlined for each.

Portfolio Pulse from Justin Chan

February 03, 2024 | 10:09 pm

ARKK

ARKW

TSLA

Cathie Wood's Ark Invest purchased $36M worth of Tesla shares throughout the week, with a significant buy on Friday. Despite Tesla's recent struggles, including trading below $200 and uncertainties around growth and Elon Musk's compensation, Wood remains bullish, projecting a $2,000 target by 2027. Ark's ETFs, ARKK and ARKW, also saw activity, with ARKK closing up 1.37% on Friday.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 7:58 pm

META

TSLA

Meta Platforms (NASDAQ:META) shares surged after Q4 financial results exceeded estimates, doubling its market value over Tesla Inc (NASDAQ:TSLA). The rivalry between CEOs Zuckerberg and Musk intensified, with Meta now worth $1.22 trillion, making it the seventh-most valuable public company, while Tesla's value dropped to $598 billion, ranking eleventh. Zuckerberg's wealth increased to $142 billion, whereas Musk's decreased to $205 billion. The competition extends beyond financials, touching on product development and market strategies.

Portfolio Pulse from Chris Katje

February 03, 2024 | 2:00 pm

AAPL

META

MSFT

QCOM

SPOT

SSNLF

Apple Inc. faced a mixed week with record iPhone 15 sales but criticism over its EU App Store proposal from tech leaders like Meta's Zuckerberg and Microsoft. Elon Musk expressed skepticism about Apple's Vision Pro, while Qualcomm extended deals with Apple and Samsung. A survey indicated a decline in iPhone 15 Pro satisfaction despite high overall sales.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 2:00 pm

AMD

AMZN

META

TSLA

Benzinga's analysis highlights a strong week for the S&P 500, Nasdaq, and Dow, driven by tech earnings and job growth. Meta Platforms and AMD received bullish outlooks due to Q4 earnings and AI potential, respectively. Dogecoin is predicted to rise. Tesla faces uncertainty after a court ruling against Musk's pay plan, while Amazon's failed iRobot deal and tech market concentration concerns suggest caution.

Portfolio Pulse from Michael Cohen

February 03, 2024 | 1:42 pm

ARVL

GOEV

KARS

LCID

TSLA

This week in the EV sector, Tesla faced a court verdict invalidating Elon Musk's compensation plan and recalled 2.2 million vehicles. Ford reported a decline in EV sales, while Lucid's stock surged 25% on positive news. Canoo expanded its fleet with Zeeba, and Arrival was delisted from Nasdaq. The KraneShares EV ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

February 03, 2024 | 1:40 pm

AAPL

AMD

MSFT

NVDA

SSNLF

TSLA

This week in AI featured Tesla's plan to buy chips from AMD and Nvidia to boost AI capabilities, Microsoft's CEO Nadella's concerns over AI-generated deepfakes, Elon Musk's tweet increasing OPTI token value, Apple's CEO highlighting AI's role in its future, and Samsung's Galaxy S24 AI features requiring internet. These developments underscore the growing influence of AI across various sectors.

Portfolio Pulse from Benzinga Neuro

February 03, 2024 | 1:37 pm