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XPOF

Xponential Fitness has agreed to acquire Lindora, a metabolic health brand. The deal includes 31 Lindora clinics becoming Xponential franchise locations and the acquisition of Lindora's intellectual property. Xponential plans to franchise the brand nationally and globally. The acquisition is expected to be accretive to AUV and Adjusted EBITDA immediately. The transaction is set to close in early 2024, with no financial terms disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:03 pm

RIOT

Riot Platforms, Inc. (RIOT) has executed a purchase option with MicroBT to acquire 66,560 latest generation Bitcoin miners, totaling 18 EH/s, for $290.5 million. This order includes the M66S model and adds to a previous order of 33,280 miners. Deliveries will start in Q1 2024 and continue through H2 2025, with Riot's self-mining hash rate capacity expected to exceed 38 EH/s. Riot also secured options to purchase up to 265,000 additional miners, potentially increasing capacity to over 100 EH/s. The agreement provides a fixed price ceiling, aiding in future capital planning and market price protection.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 2:03 pm

AVGO

Over the past 5 years, Broadcom (NASDAQ:AVGO) has produced an average annual return of 32.35%, outperforming the market by 20.72%. A $100 investment in AVGO 5 years ago would be worth $408.37 today. Broadcom's market capitalization currently stands at $483.99 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:00 pm

MMC

Marsh & McLennan (NYSE:MMC) has delivered an average annual return of 18.42% over the past 5 years, outperforming the market by 6.79% on an annualized basis. A $1000 investment in MMC 5 years ago would now be worth $2,316.09. The company's current market capitalization stands at $97.33 billion.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:00 pm

IVV

SPXL

SPY

UPRO

VOO

The S&P 500 experienced its second-best November since 1980, rallying 8.9%. ETFs tracking the index, such as SPY, IVV, and VOO, mirrored these gains. Factors contributing to the rally included declining bond yields, solid earnings, expectations of Fed policy easing, and seasonal trends. Leveraged ETFs like SPXL and UPRO saw even greater returns, around 25%. Market optimism is high, with expectations of continued gains over the next six months, supported by technical analysis showing the SPY ETF moving above its 200-day SMA.

Portfolio Pulse from Surbhi Jain

December 04, 2023 | 1:57 pm

BITF

CAN

MSTR

Shares of crypto-related companies BITF, CAN, and MSTR are trading higher following a weekend increase in Bitcoin's price.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:40 pm

RIOT

Riot Platforms' stock is experiencing an uptick due to a significant increase in Bitcoin's value over the weekend.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:37 pm

MARA

Marathon Digital's stock (MARA) is experiencing an uptick due to a significant increase in Bitcoin's value over the weekend.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:34 pm

COIN

Coinbase shares are experiencing an uptick due to a significant increase in Bitcoin's value over the weekend.

Portfolio Pulse from Luke J Jacobi

December 04, 2023 | 1:23 pm

CX

Cemex, a global building materials company, has surpassed 1,000 heavy-duty trucks powered by lower-carbon fuels, aligning with its Future in Action program aimed at net-zero CO2 emissions by 2050. The company has reduced CO2 emissions by 5% from its fleet and aims to cut third-party transport emissions by 30% by 2030. Cemex unveiled the first fully electric ready-mix truck in the Middle East at COP28 and is collaborating with partners to develop zero-emission vehicles. Renewable diesel and natural gas, which reduce carbon footprint significantly compared to regular diesel, are part of Cemex's transition strategy.

Portfolio Pulse from Benzinga Newsdesk

December 04, 2023 | 1:23 pm