Streetbeat News

Acquisitions Mergers

BRK.A

BRK.B

LSXMA

LSXMK

Warren Buffet's company has purchased 1,441,686 shares of Liberty Media at an average price of $30.98 per share, as reported in a Form 4 filing on Thursday.

Portfolio Pulse from Charles Gross

January 26, 2024 | 10:28 am

VOD

The UK Competition and Markets Authority (CMA) has initiated a Phase 1 investigation into the proposed merger between Vodafone and Three. The CMA will spend up to 40 working days to assess the potential impacts of the deal on competition.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 10:21 am

MSFT

NVDA

TSLA

Elon Musk's AI start-up is reportedly seeking to raise $6 billion from investors to compete with OpenAI. The move comes as the race to dominate the AI sector intensifies, with significant implications for companies involved in AI technology and development.

Portfolio Pulse from Charles Gross

January 26, 2024 | 9:56 am

BLK

MSCI

Jim Cramer, on CNBC's 'Mad Money,' recommended buying BlackRock Inc. (NYSE:BLK) shares, praising the company's recent quarter and its acquisition of MSCI Inc. (NYSE:MSCI). Despite warnings about geopolitical volatility affecting global markets, Cramer's endorsement comes after BlackRock's strategic move to acquire MSCI for $26 billion, which could bolster its position in the investment industry.

Portfolio Pulse from Benzinga Neuro

January 26, 2024 | 9:44 am

ARKK

ARKW

TSLA

Tesla, Inc. (TSLA) shares dropped over 12% after Q4 earnings missed expectations, leading to a market cap loss of $80.4 billion. Despite this, Ark Invest, led by Cathie Wood, purchased $32.5 million worth of Tesla shares through ARKK and ARKW ETFs. Ark remains bullish on Tesla, with a $2000 price target by 2027, largely based on the potential of Tesla's robotaxi service. The short-term outlook for Tesla stock is uncertain, with potential influences including economic data releases and the Fed's rate decision.

Portfolio Pulse from Shanthi Rexaline

January 26, 2024 | 3:06 am

GOEV

Canoo Inc. (NASDAQ:GOEV) has announced a deal with the U.S. Postal Service (USPS) to supply six electric vehicles as part of USPS's $40 billion investment strategy. The vehicles, Canoo's Lifestyle Delivery Vehicle 190 (LDV 190), are expected to be delivered in Q1 2024. This purchase aligns with USPS's goal to have 66,000 EVs by 2028, including 45,000 battery-electric Next Generation Delivery Vehicles. USPS's total EV procurement plans include 21,000 vehicles, with 9,250 from Ford Motor Co, depending on market and operational factors.

Portfolio Pulse from Anan Ashraf

January 26, 2024 | 2:46 am

NVDQ

NVDX

SJIM

SKRE

TSLT

TSLZ

The Northern Lights Fund Trust IV Inverse Cramer ETF (SJIM) is shutting down, with the last trading day on February 13 and liquidation proceeds distribution on February 23. Tuttle Capital CEO Matthew Tuttle cited the lack of investor interest and poor timing with the performance of the 'Magnificent 7' stocks recommended by Jim Cramer as reasons for the closure. Despite the shutdown, Tuttle Capital continues to manage over $200 million in assets with the T-REX product line and has launched new ETFs, including the Tuttle Capital 2X Inverse Regional Banks ETF (SKRE) and leveraged and inverse ETFs for Tesla (TSLT, TSLZ) and NVIDIA (NVDX, NVDQ). Tuttle is also considering leveraged Bitcoin ETFs and has another project announcement planned for April.

Portfolio Pulse from Chris Katje

January 25, 2024 | 11:08 pm

NSTB

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

TELL

Tellurian Inc. shares have risen after reports that the company engaged Lazard to consider a potential sale.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:46 pm

GLBS

Globus Maritime Limited (NASDAQ: GLBS), a dry bulk shipping company, has expanded its fleet to seven vessels with the acquisition of the M/V 'Glbs Hero,' a 2024-built Ultramax dry bulk carrier. The vessel, which has a carrying capacity of about 64,000 DWT, was built at Nihon Shipyard Co in Japan and was purchased for approximately $37.5 million. This acquisition was previously announced on May 10, 2022, and increases the company's total carrying capacity to around 517,745 DWT.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:37 pm