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DOGE

NVDA

SOL

An anonymous trader achieved a 210x return, turning $51 into $10,800 by investing in a memecoin named NVDA AI on the Solana blockchain, shortly after Nvidia reported higher-than-expected earnings. The rapid gain occurred within two hours, amidst speculation that the trader could be the developer. This event highlights the growing trend of AI-related and hype-driven memecoins in the cryptocurrency market.

Portfolio Pulse from Khyathi Dalal

February 22, 2024 | 10:21 pm

CIGI

Colliers International Group Inc. (NASDAQ:CIGI) announced a $300M bought deal public offering of 2,479,500 subordinate voting shares at $121 each, led by BMO Capital Markets and J.P. Morgan. The offering, closing on Feb 28, 2024, includes an over-allotment option of 15%. Proceeds will repay credit facility balances and fund future acquisitions and growth.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:15 pm

RCL

Royal Caribbean Cruises Ltd. (RCL) has upsized and priced a $1.25 billion offering of 6.25% senior unsecured notes due 2032, intended to refinance its 11.625% senior notes due 2027. The offering was increased from an unspecified amount and is expected to close on March 7, 2024. The proceeds, along with other funds, will be used to redeem the existing senior notes.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 10:14 pm

AFCG

SUNS

AFC Gamma, Inc. (AFCG) announced a plan to spin-off its commercial real estate lending business into an independent company, Sunrise Realty Trust, Inc. (SUNS), expected to be completed in mid-2024. Post-separation, AFC Gamma will focus on the cannabis industry, while SUNS will concentrate on CRE in the southern U.S. The separation aims to allow both companies to pursue tailored growth strategies and attract suitable investors. SUNS will focus on CRE debt investments across various asset classes, aiming for diversified investment portfolios. The separation will involve a pro-rata distribution of SUNS' common stock to AFC Gamma's shareholders and a special cash dividend.

Portfolio Pulse from Happy Mohamed

February 22, 2024 | 10:06 pm

DOGEUSD

A significant transfer of 400 million DOGE, valued at $34.1 million, was reported, sparking speculation of a Dogecoin breakout. This activity coincides with a decrease in miners' sell-off and Dogecoin's inclusion in Coinbase's perpetual futures contracts. Analysts predict a major rally, highlighting Dogecoin's influence on meme coin markets and its milestone of surpassing a million daily transactions.

Portfolio Pulse from Khyathi Dalal

February 22, 2024 | 10:00 pm

RIOT

Riot Platforms (RIOT) reported FY23 revenue of $280.7M, missing the $288.433M estimate but showing improvement from $259.2M in FY22. The increase was driven by higher Bitcoin production and prices. RIOT earned $71.2M in power credits, produced 6,626 Bitcoin (up 19% YOY), and saw a net loss decrease to $49.5M from $509.6M in FY22. Non-GAAP Adjusted EBITDA was $214.0M, including a $184.7M gain on Bitcoin. The company also increased its hash rate capacity by 28% to 12.4 EH/s.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:56 pm

LPLA

LPL Financial Holdings Inc. (NASDAQ:LPLA) reported an increase in total advisory and brokerage assets to $1.36 trillion at the end of January 2024, marking a 0.6% rise from December 2023. The firm saw $2.0 billion in net new assets, a 1.8% annualized growth rate, and $2.4 billion in net new advisory assets, a 3.9% annualized growth rate. However, total client cash balances decreased by $1.2 billion to $47.3 billion. Net buying for January was $12.0 billion.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:42 pm

SF

Stifel Financial Corp. (NYSE:SF) reported January 2024 operating data, highlighting a 1% increase in client assets under administration and fee-based assets to record levels of $447B and $167B, respectively. Despite a seasonal decline in sweep deposits, overall client cash remained stable. Bank loans saw a slight decrease, while client money market and insured products dipped by 1%.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:39 pm

APLS

Apellis Pharmaceuticals (NASDAQ:APLS) has significantly outperformed the market in the last 5 years, with an annualized return of 36.05%, growing a $100 investment to $451.80. The company now has a market capitalization of $8.01 billion.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:30 pm

FTNT

Over the past 10 years, Fortinet (NASDAQ:FTNT) has significantly outperformed the market, with an average annual return of 30.5%. A $1000 investment in FTNT a decade ago would be worth $14,518.65 today. Fortinet's market capitalization currently stands at $51.42 billion, highlighting the substantial growth and success the company has achieved over this period.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:30 pm