Streetbeat News

Acquisitions Mergers

COWZ

DIVB

DXJ

FXU

ICF

IYK

JAAA

SCHD

TLT

VTV

XLP

XLRE

XLU

As the Federal Reserve shifts to a more accommodative monetary policy, analysts recommend ETFs in utilities, real estate, consumer staples, and more. BofA suggests focusing on defensive sectors and quality yield opportunities, with specific ETF recommendations across various asset classes.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:29 pm

BAC

FTXO

KBWB

Bank of America has appointed Jim Rourke and Michael Liu to lead a new initiative integrating investment banking and wealth management, aiming for asset growth and M&A opportunities. BAC shares rose 0.30% following the announcement.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 3:18 pm

ANCTF

SVNDF

Japan's Ministry of Finance updated its 'Classification List' under the Foreign Exchange and Foreign Trade Act, including Seven & i Holdings. This reclassification may impact Alimentation Couche-Tard's $39 billion takeover attempt of Seven & i, although Japan's Finance Minister suggests it may not hinder the deal.

Portfolio Pulse from Vandana Singh

September 17, 2024 | 3:06 pm

CRM

FEPI

IGV

Salesforce has launched the Agentforce Partner Network and expanded its partnership with Google Cloud, enhancing collaboration and customer experience. The company also announced a partnership with Saks Fifth Avenue and an acquisition agreement. Salesforce shares are trading higher.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 2:52 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares rose after the company announced the acquisition of two new Bitcoin mining sites in Mississippi and the closure of a site in Wyoming. The acquisitions are expected to significantly increase CleanSpark's operational capacity and support its future growth targets.

Portfolio Pulse from Adam Eckert

September 17, 2024 | 2:36 pm

AMZN

BTC

MSFT

QQQ

SPY

Microsoft announced a $60B stock buyback, a 10% dividend increase, and new AI features in Office 365. Amazon is requiring workers to return to the office. Retail sales data does not support a 50 bps rate cut. Positive money flows are seen in major tech stocks and ETFs. Trump's crypto project details are boosting Bitcoin.

Portfolio Pulse from The Arora Report

September 17, 2024 | 2:27 pm

TAP

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) acquired a $23.8 million promissory note from Double Diamond Holdings Ltd, issuing 13.2 million shares in return. This follows Tilray's acquisition of Atwater Brewery from Molson Coors (NYSE:TAP), enhancing its position in the U.S. craft beer market.

Portfolio Pulse from Jelena Martinovic

September 17, 2024 | 2:14 pm

BAM

Brookfield Asset Management (NYSE:BAM) has announced a $1.5 billion strategic partnership with Castlelake L.P., acquiring a 51% stake in Castlelake's fee-related earnings. Additionally, Brookfield plans to sell a luxury retail property on New York's Fifth Avenue and has partnered with Infinium to invest in eFuels production.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 2:09 pm

KBE

KRE

XLF

The FDIC Board is set to vote on new bank-merger guidelines at an upcoming meeting. This decision could impact the banking sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:03 pm

MMSI

Merit Medical Systems (NASDAQ:MMSI) plans to acquire Cook Medical's lead management portfolio for $210 million, aiming to enhance its cardiac intervention market position. The deal, expected to close in Q4 2024, will be funded through cash and credit. It is projected to dilute Merit's 2024 financial metrics slightly.

Portfolio Pulse from Vandana Singh

September 17, 2024 | 1:20 pm