Streetbeat News

Acquisitions Mergers

JBT

JBT Corporation (NYSE:JBT) has made a non-binding initial proposal to acquire Marel, a company listed on Nasdaq Iceland and Euronext Amsterdam. JBT has secured an irrevocable undertaking and exclusivity with Eyrir Invest hf., which owns 24.7% of Marel's shares. The proposal aligns with JBT's strategic M&A goals, but there is no certainty that a formal offer will be made. Goldman Sachs is the financial advisor, with LEX and Kirkland & Ellis LLP as legal counsel for JBT.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 2:36 pm

ALLY

Wall Street's most accurate analysts recommend buying three financial stocks with over 4% dividend yields: Morgan Stanley, The Carlyle Group Inc., and Ally Financial Inc. These stocks are favored during market uncertainty due to their high free cash flows and substantial dividend payouts. Recent analyst ratings and price target adjustments for these companies have been provided, along with notable corporate news such as leadership changes and acquisition deals.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 2:16 pm

BITF

FLJ

IRBT

iRobot shares surged after reports indicated that Amazon's acquisition of the company would receive unconditional EU antitrust approval. Bitfarms shares fell following the announcement of a C$60 million private placement with U.S. institutional investors. FLJ Group shares soared after the company announced a definitive agreement to acquire Alpha Mind Technology.

Portfolio Pulse from ryanfaloona@benzinga.com

November 24, 2023 | 1:54 pm

FLJ

FLJ Group's stock price is on the rise following the announcement of a definitive agreement to acquire Alpha Mind Technology.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:43 pm

AMZN

IRBT

iRobot shares have risen after reports indicated that Amazon's planned acquisition of the company is expected to receive unconditional approval from EU antitrust authorities.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:40 pm

Versus Systems Inc. (NASDAQ:VS) has received a strategic investment from Cronus Equity Capital Group, LLC (CECG), which will result in CECG acquiring up to 51% of Versus' issued and outstanding shares. The investment includes two tranches: the first, already completed, involved the issuance of 15,838,441 shares, and the second, expected next week, will add 8,888,920 shares, both at a premium to the recent average closing price.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 1:32 pm

AVGO

BURL

CSCO

IYH

On CNBC's 'Halftime Report Final Trades,' experts discussed their views on several stocks and an ETF. Shannon Saccocia of Boston Private expects a rotation back into the healthcare sector and named iShares U.S. Healthcare ETF (IYH). Rob Sechan of NewEdge Wealth highlighted Broadcom Inc. (AVGO) for its low valuation and high operating margin, noting its acquisition of VMware. Jim Lebenthal of Cerity Partners believes Cisco Systems, Inc. (CSCO) is poised for recovery despite a bad week and lowered projections for 2024. Joseph Terranova of Virtus Investment Partners chose Burlington Stores, Inc. (BURL), which reported a revenue miss in Q3. Broadcom shares fell, Cisco shares rose, Burlington gained, and the iShares U.S. Healthcare ETF also saw gains in Wednesday's session.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:23 pm

GAMB

HRYU

LQR

STBX

TRVG

The article lists the top 5 oversold tech and telecom stocks in the communication services sector, which could present buying opportunities. These stocks have Relative Strength Index (RSI) values near or below 30, indicating they may be undervalued. The companies mentioned are Hanryu Holdings, Inc. (HRYU), trivago N.V. (TRVG), Gambling.com Group Limited (GAMB), Starbox Group Holdings Ltd. (STBX), and LQR House Inc. (LQR). Each company's recent performance, RSI value, and price action are briefly discussed.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 1:10 pm

AEMD

FFIE

FLJ

IMPL

IRBT

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares increased by approximately 14% in pre-market trading following the announcement of its expansion into the Middle East market with the FF 91 2.0 Futurist aiFalcon, set to start deliveries in 2024. Other stocks experienced significant movement in pre-market trading, with FLJ Group Limited (NASDAQ:FLJ) and iRobot Corporation (NASDAQ:IRBT) among the notable gainers, while Impel Pharmaceuticals Inc. (NASDAQ:IMPL) and Aethlon Medical, Inc. (NASDAQ:AEMD) were among the losers.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 12:59 pm

ICLK

iClick Interactive Asia Group's ADS shares have resumed trading after an announcement that the company is being acquired for $4.08 per ADS.

Portfolio Pulse from Charles Gross

November 24, 2023 | 12:46 pm