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The article highlights the top eight large-cap stock losers from August 18 to August 24, 2023. Snowflake, JD.com, and PDD Holdings are among the companies that saw significant declines due to various factors such as earnings reports, analyst downgrades, and strategic divestments.

Portfolio Pulse from Lekha Gupta

August 25, 2024 | 4:07 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is undergoing significant changes, including a leadership shakeup in its App Store division, the upcoming launch of the iPhone 16, and expansion in India with a new assembly plant. The company is also delaying the production of its foldable MacBook.

Portfolio Pulse from Benzinga Neuro

August 25, 2024 | 11:00 am

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CoinFlip, a Chicago-based startup, is expanding its cryptocurrency ATM offerings beyond Bitcoin to include several other cryptocurrencies. The company is navigating a market correction in the Bitcoin ATM space, which is seeing consolidation and a reduction in the number of ATMs. CoinFlip is also exploring global expansion, particularly in New Zealand, and is investing in early-stage crypto startups through CoinFlip Ventures.

Portfolio Pulse from Anthony Noto

August 24, 2024 | 4:00 pm

PWM

Prestige Wealth shares rose following the announcement of a definitive acquisition agreement to purchase all shares of SPW Global.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 8:33 pm

PWM

Prestige Wealth Inc. (NASDAQ:PWM) has entered into an agreement to acquire SPW Global Inc, which owns Wealth AI, for $4.5 million. The acquisition aims to enhance PWM's AI capabilities in wealth management.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 8:32 pm

ABIO

ARCA biopharma has announced a 1-for-12 reverse stock split in preparation for its merger with Oruka Therapeutics. The stock will trade under the new symbol 'ORKA' on Nasdaq starting September 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 8:31 pm

IWM

LMT

PANW

SPY

STLA

Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts, causing the dollar to plunge and gold to rally. Small-cap stocks, real estate, and regional banks surged, with the iShares Russell 2000 ETF (IWM) up 3.4% and the SPDR S&P 500 ETF Trust (SPY) rising 1.3%. Defense and cybersecurity stocks like Boeing (BA), Lockheed Martin (LMT), and Palo Alto Networks (PANW) are expected to perform well regardless of political outcomes. Meanwhile, Ford (F), General Motors (GM), and Stellantis (STLA) are scaling back EV investments due to weakening demand.

Portfolio Pulse from Piero Cingari

August 23, 2024 | 7:54 pm

PARA

PARAA

The article discusses the potential involvement of Shari Redstone at Paramount if a special committee accepts a consortium's bid for a controlling stake. This development could impact the company's leadership and strategic direction.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 7:50 pm

MCK

McKesson Corp. is in advanced talks to acquire a controlling stake in Florida Cancer Specialists & Research Institute for approximately $3.5 billion. The deal, which has seen McKesson competing with other bidders, may be announced soon.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 7:29 pm

LSXMA

SIRI

Liberty Media shareholders have approved a redemptive split-off of Liberty SiriusXM Holdings. The new Sirius will merge with Sirius XM Holdings to form a new public company under the Sirius XM name.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:48 pm