Streetbeat News

Acquisitions Mergers

MOBV

Mobiv Acquisition Corp has announced an extension of the deadline to complete its business combination from October 8 to November 8. The company will also deposit $100,000 into the company trust on or before October 8.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 12:06 pm

NKE

UAA

The deal between PGA and LIV is facing delays due to antitrust concerns and demands from players for a stake in the deal. This could potentially impact the stocks of companies like Nike (NKE) and Under Armour (UAA), which are mentioned in the article.

Portfolio Pulse from Charles Gross

October 06, 2023 | 11:59 am

JBL

NEWR

PFSW

SPLK

The article lists four tech stocks that are considered overbought and may collapse in October. These include Jabil Inc. (JBL), New Relic, Inc. (NEWR), PFSweb, Inc. (PFSW), and Splunk Inc. (SPLK). The overbought status is determined by the Relative Strength Index (RSI), which is above 70 for all these stocks. Jabil reported mixed Q4 results, New Relic is set to be acquired by Francisco Partners and TPG, PFSweb is to be acquired by GXO Logistics, and Splunk is to be acquired by Cisco.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 11:30 am

CPE

PSX

PXD

XOM

Several energy stocks have been highlighted by Wall Street analysts. Pioneer Natural Resources (PXD) has been upgraded by JP Morgan and Wells Fargo, with price targets of $264 and $239 respectively. Exxon Mobil (XOM) is reportedly close to acquiring Pioneer Natural Resources. BP (BP) has maintained ratings from Raymond James and Piper Sandler, with price targets of $45 and $46 respectively. BP is reportedly selling a 49% stake in its U.S. oil and gas pipeline network. Callon Petroleum (CPE) has been rated by RBC Capital and Morgan Stanley, with price targets of $50 and $41 respectively. Phillips 66 (PSX) has maintained ratings from Piper Sandler and Raymond James, with price targets of $134 and $133 respectively.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 11:21 am

LEVI

PXD

QQQ

SPY

TSLA

XOM

US stocks are set to open higher in the final trading session of the week, with the September jobs report being the main focus. The upcoming earnings season and corporate profit growth are also in focus. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both saw gains in premarket trading. Tesla (NASDAQ:TSLA) fell over 1% in premarket trading after reducing prices of its Model 3, Y EVs in the U.S. Levi Strauss & Co. (NYSE:LEVI) also fell about 2% following the release of its quarterly results. Pioneer Natural Resources Company (NYSE:PXD) jumped over 11% following a report that it is nearing a $60 billion deal to be bought by Exxon Mobil Corp. (NYSE:XOM).

Portfolio Pulse from Shanthi Rexaline

October 06, 2023 | 11:11 am

IREN

Iris Energy is partnering with Bitmain Technologies Delaware to acquire approximately 7,000 latest-generation Bitmain S21 miners for $19.6M. This acquisition will increase Iris Energy's self-mining capacity by 25% from 5.6 Eh/S to 7.0 Eh/S, with a target operating capacity of up to 9.4 Eh/S.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 11:01 am

ATVI

MSFT

Microsoft is reportedly planning to finalize its acquisition of Activision Blizzard next week, according to The Verge. This comes after Microsoft announced its intention to acquire the gaming company in January.

Portfolio Pulse from Charles Gross

October 06, 2023 | 10:07 am

ENSG

The Ensign Group has acquired a 45-bed skilled nursing facility in Kansas. This acquisition expands the company's portfolio to 296 healthcare operations.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 10:06 am

DIS

INDA

Disney is reportedly in talks with Adani and Sun TV to sell its assets in India, according to a report by Reuters citing Bloomberg News.

Portfolio Pulse from Charles Gross

October 06, 2023 | 9:56 am

DNN

Denison Mines Corp. (DNN) has entered into a binding agreement with F3 Uranium Corp. to make a $15 million strategic investment in the form of unsecured convertible debentures.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 7:14 am